Verified Document

Strategic Management Able Corporation Wants Thesis

Each will be tied to different tactical objectives and timeframes. The effectiveness of the process will be measured in terms of adherence to time frames, cost and key market variables such as penetration and market share. Each variable should be quantitative to facilitate ease of measurement and evaluation. A wide variety of legal issues will need to be considered. Doing business is foreign countries creates significant exposure to risk, in that the foreign legal environment can be substantially different from the domestic one. The nature and intensity of these differences will be considered. Also, it will be considered if there are any legal or ethical considerations domestically as a result of overseas expansion. To use an extreme example, setting up a factory in Cuba would create a host of legal and ethical concerns that would need to be accounted for in the option evaluation process. It will be critical to hire local legal experts to help sort out the myriad of potential issues. Issues that could affect the decision-making process include trade agreements, labor standards, tariff systems, administrative and technical barriers and the general robustness of the legal system (FAO, 2000).

With respect to ethics, a code of ethics must be drafted to avoid conflict between local and domestic ethical mores (Mitchell & Curry, 2003).

Conclusion

Able Corporation is at the precipice of a new strategic direction. Such moves cannot be taken lightly. It is imperative that all aspects of strategic planning...

The first step is to understand where the company is today and where it wants to be in the future. This will guide it towards a mission statement. That mission statement in turn will be the focal point of the entire strategic process. From there, the details must be worked out with respect to formulation, implementation and measurement. Numerous issues will need to be considered, including the legal and ethical ramifications of the strategy that has been decided on.
David, Fred. (2008). Strategic Management: Concepts and Cases. Prentice Hall, Upper Saddle River, NJ. 2008.

Radtke, Janel. (1998). How to Write a Mission Statement. TGCI Magazine. Retrieved February 22, 2009 at http://www.tgci.com/magazine/How%20to%20Write%20a%20Mission%20Statement.pdf

Mitchell, Charles & Curry, Jeffrey E. (2003). A Short Course in International Business Ethics: Combining Ethics and Profits in Global Business. World Trade Press, Petaluma. 2003.

No author. (2000). Chapter Four: The Legal, Political/Trade Environment. Food and Agriculture Organization of the United Nations. Retrieved February 22, 2009 at http://www.fao.org/docrep/W5973E/w5973e08.htm

Boyce, Sharon Yvette. (2007). Using Intellectual Capital and Organizational Capacity to Enhance Strategic Implementation for Pharmaceutical Firms. Journal of Business and Public Affairs. Retrieved February 22, 2009 at http://www.scientificjournals.org/journals2007/articles/1072.htm

Sources used in this document:
Mitchell, Charles & Curry, Jeffrey E. (2003). A Short Course in International Business Ethics: Combining Ethics and Profits in Global Business. World Trade Press, Petaluma. 2003.

No author. (2000). Chapter Four: The Legal, Political/Trade Environment. Food and Agriculture Organization of the United Nations. Retrieved February 22, 2009 at http://www.fao.org/docrep/W5973E/w5973e08.htm

Boyce, Sharon Yvette. (2007). Using Intellectual Capital and Organizational Capacity to Enhance Strategic Implementation for Pharmaceutical Firms. Journal of Business and Public Affairs. Retrieved February 22, 2009 at http://www.scientificjournals.org/journals2007/articles/1072.htm
Cite this Document:
Copy Bibliography Citation

Related Documents

Strategic Management at Dell Computer
Words: 1944 Length: 7 Document Type: Term Paper

[...] transaction customers, which represent 30% of U.S. sales, are small and medium size enterprises (about 20%) and home office customers and consumers" (Kraemer, Dedrick and Yamashiro, 2000) Built-to-Order Production The built-to-order production strategy was implemented to the great success of Dell Computer Corporation as it aided it differentiate itself from competing PC manufacturers. It ensured customers of the highest levels of interest in satisfying their needs and it as such

Strategic Management and Case Study
Words: 4092 Length: 13 Document Type: Chapter

Strategic Management 3900 Words on Strategic Management Why are you taking this course? I am undertaking this course in strategic management because not only is it a field that I am greatly interested in, but it is also largely for the reason that strategic management is a course that is important and applicable in different fields and aspects. To begin with, strategic management is greatly applicable to globalization which can be deemed to

Strategic Management in Technology
Words: 5956 Length: 18 Document Type: Essay

Strategic Planning & Strategy Formulation Case: Strategic Planning & Strategy Formulation Case Assignment -- Comcast Comcast's Current Strategy Current Event Blog Discussion Question: Strategy Planning and Formulation Case Strategy Implementation & Evaluation Current Event Blog 4 -- Strategy Implementation & Evaluation Discussion Question: Strategy Implementation and Evaluation Reflective Discussion Case: Strategic Planning & Strategy Formulation Case Assignment -- Comcast Comcast's Current Strategy Comcast has developed a current business strategy that is completely focused on the customer. The company has positioned itself at the "intersection

Strategic Management
Words: 2212 Length: 7 Document Type: Essay

Management Principles Management and organisational structure are two key elements to the success of any corporation. The organisational structure defines how management will govern the company, by defining the chains of communication and formal authority that managers will use to define tasks and allocate resources. The first step in understanding this process is to get a basic sense of what management is, and what managers do. Then, studies of Virgin and

International Strategic Management Project Overview
Words: 2893 Length: 9 Document Type: Assessment

It also creates consumer loyalty thereby ensuring dominance in the international market. Branding Branding helps to create consumer attachment to products Myers H., 2004. Samsung electronics gives more meaning to products and customer through branding its products. Branding according to Rumelt (1991) brings in the aspect of trust, loyalty and excellent value to customers. To venture in the international market branding is important for sustainability and survival Finch P., 2004. It is also an

Corporation Diversifying Internationally in the Recent Past,
Words: 3827 Length: 12 Document Type: Case Study

Corporation Diversifying Internationally In the recent past, after the onset of the economic meltdown, firms, companies and businesses at large have been resorting to less traditional methods and entrepreneurial tactics in order to combat reduced demand, much more competition and increased costs. International diversification was the answer for many firms, following in the tracks of multinational and transnational companies; many businesses have resorted to relocating their plants and facilities to gain

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now