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Current Problem Diagnosis
The problems within Marks and Spencer began in the 1990s, starting with financial difficulties, aggravated by fierce competition in the industry and consequently decreased sales and profits. Market analysts blamed the occurrence of the problems on a poor quality of the management. M&S was accused of not having paid enough attention to the changes affecting the market and as such, they had failed to adapt to the new requirements.
Also, another cause leading to the issues raised was that of an increased focus on the daily operations, generally low risk activities. The approach had been successful on the short-term as it ensured high quality of products and services through a high attention to details, but it had generated negative implications on the long-term.
Then, a third force generating the problem was that of the internal structure of the leading positions. All managerial seats were occupied by Marks…
Collier, N., Marks and Spencer - Case Study
Fleming, J., Senior, B., February 2006, Organizational Change, 3rd Edition, Prentice Hall
Hosking, P., March 15, 2004, the Business: The Design Industry Desperately Wants Vittorio Radice to Succeed at Marks and Spencer but it should Recall How Badly Sir Terence Conran Failed at Bhs, News Statesman, Volume 133
Paley, N., April 1999, Manager's Guide to Competitive Marketing Strategies, 2nd Edition, CRC Press
ole of Work/Life Programs in Business Strategy
Social Costs and Benefits
Human esources Policies
ole in Business Strategy
Significance of Work-Life Programs for Employees and Organizations
The business strategy is influenced through multiple channels including human resources. The developments of innovative practices in offering employee benefits and maintaining a healthy organizational culture is notable technique. The management of organization takes advantage of high performing employees by offering work-life programs. The outcome of increased performance is achieved by offering multiple benefits to employees with regards to the work and non-work related issues. The notion that satisfied employees are essential to increase retention of experienced and high performance workforce is an important benefit for business strategy considerations (Wang & Verma, 2012). The organizations plan their growth and expansion in consideration with the workload and capacity of the…
Blanchard, K.H. (2010). Leading at a higher level: Blanchard on leadership and creating high performing organizations. USA: Ft Press.
Campbell, D., & Stonehouse, G., Houston, B. (2002). Business Strategy. (2nd ed.) USA: Elsevier.
De Wit, B., & Meyer, R. (2010). Strategy Synthesis: Resolving Strategy Paradoxes to Create Competitive Advantage, Text and Readings. USA: Cengage Learning Business Press.
Kossek, E.E., & Lambert, S.J. (Eds.). (2012). Work and life integration: Organizational, cultural, and individual perspectives. USA: Psychology Press.
Here, the strategic analysis plays a critical role because the key function of the leader is centered into various areas. Strategic management is not only concerned with the formulation and development of policies. Unless a clear grasp of the plan and a procedure on how the process is to be developed and implemented have been provided, it will be hard to make the necessary changes. As regards the required changes, it must be well defined in order to move the organization towards its vision. Here, the existing process is determined, whether it is effective or there is a need for it to be redesigned.
A well organized strategic analysis helps the company to arrive at the best decision where it will be able to assess how the organization is changing as a result of the actions as planned. Strategic analysis is not just confined to planning. he same thing with…
The task of the leader in strategic management is not simple and requires commitment. No matter how knowledgeable the person who is in-charge of the task, if he or she lacks the commitment to carry on with the responsibilities, it is but useless. It is so important that these things are incorporated in the strategic analysis. The senior leadership should always keep track of the goals and strategies because as they go along the process, certain barriers may come their way, and the challenge is always there in prioritizing the objectives.
Lamb, Robert, Boyden. Competitive strategic management, Englewood Cliffs, NJ:
Saying this much, I would like to caution that they must remain within their expertise and professionalism and try to avoid ending up the fate met by some other financial institutions who ventured into commercial banking activity in the past.
One disadvantage in Provident leasing may lie on their weak business strategies and techniques. Improvements in their business process seem to be stagnant. Although the company can boast of increasing revenue, it is a threat that they may be left behind by other companies within the industry that continuously seek for progress and development.
It may also be a good business strategy if Provident Leasing will establish business units in other regions. Although it can be considered that the company has already established its name to clients, it is still a good move to pursue ways that can provide them with more advantage and business revenues. Such may lead the…
Kazmi, Shabbir. Leasing Companies to Face Competition from New Entrants.
Pakistan Economist Online. http://www.pakistaneconomist.com/database1/cover/c2002-72.asp
Uzzelle, Elmora. Equipment Leasing - Industry Overview.
U.S Industrial Outlook. http://www.findarticles.com/p/articles/mi_m3617/is_1994_Annual/ai_14698450
The most long-term source of integration difficulties however will be in aligning domestic vs. international channel partners, specifically on the issue of synchronizing demand forecasts to the shared Altria Group supply chain. The need for making the Collaborative Planning, Forecasting & eplenishment (CPF) process which is used for coordinating the demand for tobacco through its many suppliers and procurement partners as efficient as possible (Bowe, 2007) is both a process- and system-related challenge that is long-term in scope. In conjunction with the challenge of disengaging the CPF process from a single location to a domestic and international one, Altria Group will in turn have to define unique supply chain, order management, manufacturing and new product development processes for each geography. These added costs will be more than offset by the stock repurchase program and the reduction in operating expenses. Manufacturing locations that are specifically designed from a process, systems and…
Thomas Anderson (2008, February). The Virtues of Vice Stocks. Kiplinger's Personal Finance, 62(2), 27. Retrieved August 17, 2008, from ABI/INFORM Global database. (Document ID: 1459822271).
Andrew Bary (2007, September). A Savvy Spinoff. Barron's, 87(38), 30-32. Retrieved August 16, 2008, from ABI/INFORM Global database. (Document ID: 1339629821).
Christopher Bowe in New York (2007, August). Altria to split up Philip Morris. FT.com,1. Retrieved August 16, 2008, from ABI/INFORM Global database. (Document ID: 1328160371).
Brian Hindo (2008, January). Altria's Split: Where There's Smoke. Business Week (Online),1. Retrieved August 17, 2008, from ABI/INFORM Trade & Industry database. (Document ID: 1420857831).
These acquisitions are serious business dealings that require a lot of forethought and a lot of work to get through, but they are well worth it in the end because they cause a great benefit to the company that made the acquisition. Often, any problematic conditions also improve for the company that was acquired, although this is not always the case.
For companies that acquire other companies for brand name recognition, there can be more of a struggle, and it is often one of confusion. If the acquiring company changes the acquired company's name it has lost the brand recognition that it bought the company for. If it does not change the name of the company, many people might not know that anything took place, and that can be detrimental to people who might not have liked the old company but do like the acquiring company - and will, therefore,…
Ledermark. 2001. After the financial services merger: The power of integration. http://www.ledermark.com/Newsletter_May_2001.pdf .
Stopper, William G. 1999. Mergers and acquisitions: Fulfilling the Promise. HR Human Resource Planning.
India's cities, on the other hand, are often overcrowded, leading to separate issues within the city regarding high retail space and rent considerations.
The economic outlook in India is extremely positive. The free market structure is gaining speed in India
ecent governmental changes in 1991 have helped capitalize on a freer economic structure in the region by lessoning high tariff barriers for foreign companies looking to enter into the Indian market.
Here, the research states that there was recently "A series of reforms aimed at further deregulating and stimulating foreign investment have moved India firmly into the front ranks of growing international economies."
This has helped lower entry barriers for foreign companies looking to set up shop in India. It has also helped facilitate the growing business start up environment. According to the research "India's known strength in software and Information Technology (IT) and tremendous e-commerce potential ensures…
Levi, Kiruba Jeyaseeli. (2006). Entry strategies of foreign companies in Indian telecommunications market. University of Fribourg Switzerland. Web. http://ethesis.unifr.ch/theses/downloads.php?file=BenjaminLeviKJ.pdf
Mehta, Niru. (2001). Avaya India. Voice & Data. Web. http://voicendata.ciol.com/content/vNd100/101071626.asp
Levi, Kiruba Jeyaseeli. (2006). Entry strategies of foreign companies in Indian telecommunications market. University of Fribourg Switzerland.
More than 44% of users see noticeable indications of benefits from laser treatment within the first 6 weeks.
Another 45% see results in 6 to 12 weeks.
The remainder sees less dramatic results after 12 weeks. (White Cliffs 2008)
2.3: New usiness Strategy
Parnell proposes a number of questions regarding business strategy, including "Is strategy-making an art or science? Should a strategy be publicized or kept largely secret? Is consistency or flexibility more important? Should risk be embraced or avoided? Should the planning process be top-down or bottom-up?" (Parnell, ¶ 28). As answers, however, frequently are not as concrete as the questions in regard to a business strategy, addressing the following issues, Parnell contends, will likely help a business link a strategy to its particular environments and endeavor/s and environment" (Parnell, ¶ 28).
Parnell recommends businesses consider the following information:
Strategy is about making choices...some of which appear to be…
The Bald Truth; it's the Devastating Condition That Has Brought Misery to TV's Gail Porter. And Thousands of Others. So Here's What YOU Need to Know about Alopecia," the Daily Mail (London, England), September 13, 2005, 51. http://www.questia.com/PM.qst?a=o&d=5010981315 .
Batchelor (2001), Feature, Cancer Nursing Practice, volume 3 number 8).
Baxley et al. 1984
Blumentritt, Tim, and Wade M. Danis. "Business Strategy Types and Innovative Practices." Journal of Managerial Issues 18, no. 2 (2006): 274+. http://www.questia.com/PM.qst?a=o&d=5016256465 .
Aligning IT and Business Strategy
An IT strategy focused on maintaining a cutting edge technology position is not the most effective way to support any kind of overall business strategy. To refute this argument, this essay examines other IT strategies.
Many IT organizations struggle to develop an effective IT strategy. Typically, businesses exhibit confusion about what goals and components make up an IT strategy, and about the process of obtaining business input and developing a long-term strategy that serves the business' planning needs (Gartner, 2011).
According to Gartner's research, most IT organizations are unable to develop a business-strategy-driven IT strategic plan because they use a bottom-up planning process, asking business units what projects they need. Instead, a more effective approach would be integrating the IT team into the organization's upfront, top-down business planning processes (2011).
Gartner argues that IT strategy is effective when it is directly linked to…
Gartner. (2011). Starting an effective IT strategic planning process. Retrieved October 14, 2001 from: http://www.gartner.com/technology/cio-priorities/it-strategy.jsp
Gartlan, J. And Shanks, G. (2007). The alignment of business and information technology strategy in Australia. Australasian Journal of Information Systems 14(2): 113-139. Retrieved October 14, 2001 from: http://dl.acs.org.au/index.php/ajis/article/view/184/414
Glaser, J.P. (2005). Information technology strategy: three misconceptions. Retrieved October 14, 2001 from: http://www.himss.org/content/files/15_OC_3Mscncptn.pdf
Hajela, S. (2005). Towards an effective IT strategy. CIO Update. Retrieved October 14, 2001 from: http://www.cioupdate.com/insights/article.php/3499636/Towards-an-Effective-IT-Strategy.htm
business strategy class, group assigned a case study. It a 12-20-page paper, responsibility write 4 pages, part write. Here teacher instruction: "A case study assigned group. Additionally a rubric showing material case study included.
Strengths, weaknesses, and strategies of key industry rivals
Evaluate and discuss situation
When Netflix originally broke into the movie rental market, its main rival was Blockbuster, Movie Gallery and independent video rental companies. Netflix offered what was then considered a unique business model of blending a subscription service in which customers would receive DVDs in the mail coupled with streaming content. The awkwardness of the free-standing Blockbuster store has been replaced with a marketplace of competitors offering different ways to more conveniently access films at home. By 2010, Netflix's list of competitors had expanded. For example, edbox 'kiosk' service did not bring DVDs to customer's doors, but it did allow them to access films…
Stone, Brad. (2009). Amazon Video vs. Netflix: Which will prevail? The New York Times.
One of the most important aspects towards the success and growth of any organization or company is having a good strategy. The development and use of a sound business strategy has become an important issue in the modern business environment because of increased competition. In essence, modern businesses are experiencing tremendous challenges due to increased competition, which necessitates the establishment of a good business strategy. The issue of a business strategy has attracted considerable from various stakeholders in the business world including scholars. It has become a major issue because many business organizations lack coherent strategies to promote their success.
In light of the significance of a sound business strategy in today’s business environment, Richard Rumelt has written a book on the difference between good strategy and bad strategy. According to Rumelt (2011), a good business strategy incorporates direction, identifies major challenges and how to overcome them, and promotes coherent…
Mikoluk, K. (2014, January 7). Business Strategy Examples: Four Strategies Businesses Use to Make Money. Retrieved October 11, 2017, from https://blog.udemy.com/business-strategy-examples/
Rumelt, R. (2011). Good strategy/bad strategy – The difference and why it matters. New York, NY: Crown Publishing Group.
Long-Term Investment Decisions
Pricing Less Elastic
A plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products respond to a change in price less elastic would be the following: recognize why consumers are buying the product in the first place—is it because of brand loyalty or because the price is right? When prices are inelastic, consumers know what to expect when they go to purchase the product. They are not shocked by rises in the price. Should the price become elastic and the brand they are used to buying suddenly go up in price, they will be more likely to try an off-brand which they viewed as being offered at a discount to their usual brand, which has now become more expensive (Stone, 2010). The degree to which consumers have brand loyalty for the low-calorie…
Castka, P., Bamber, C., Sharp, J. (2005). Implementing Effective Corporate Social
Responsibility and Corporate Governance: A Framework. UK: British Standards Institution.
Jefferys, D. (2001). The regulation of medical devices and the role of the Medical
Devices Agency. Br J Clin Pharamacol, 52(3): 229-235.
Johnson, R. (2010). Bond Evaluation, Selection, and Management. NY: Wiley.
Slaper, T., Hall, T. (2011). The Triple Bottom Line: What Is It and How Does It Work?
Indian Business Review, 86(1).
Smith, D. (2011). Bond Math: Theory Behind the Formulas. NY: Wiley.
A brief description of your chosen business, including the organization’s name, mission, and vision
Apple Incorporated is a US multinational company which designs and makes computer software and consumer electronics. Its most popular hardware products are the iPod, the iPhone and its Macintosh computers. Software developed by the company include its operating system, ‘Mac OS X’, ‘iLife’ creativity and multimedia software suite, ‘iWork’ productivity software suite, ‘iTunes’ media browser, ‘Logic Studio’ audio tools suite, and the ‘Final Cut Studio’ film-industry software and professional audio suite. Further, Apple runs over 250 retail outlets in a total of 9 nations, together with a web-based store that sells its software and hardware offerings (Mirabal et al, 2007).
With time, the company’s organizational mission has undergone a change. The company designs the world’s best PCs, its Macs, together with its operating systems and various professional software solutions. It is the industry leader in the…
Davis, G., & White, C. (2015). Changing Your Company from the Inside Out: A Guide for Social Intrapreneurs.
Dudovskiy, J. (2018, January 26). Apple Business Strategy - Product Differentiation in Design and Functionality. Retrieved September 5, 2018, from https://research-methodology.net/apple-business-strategy/
Johnson, K., Li, Y., Phan, H., Singer, J., & Trinh, H. (2012). The Innovative Success that is Apple, Inc.
Mirabal, S. A., Ramirez, E., Schofield, R., & Jones, J. (2007, October 06). Introduction to Apple Inc. Retrieved September 5, 2018, from http://apple1inc.blogspot.com/2009/09/introduction.html
The vision, mission and value statements of the company. The vision statement of the Country Joe’s Sporting Goods and More, Inc. (hereinafter alternatively “the company”) is broadly “THE GREAT OUTDOORS … PASS IT ON!” (emphasis in the original) (Our mission, 2017, para. 2). The corresponding formal mission statement of the company is “to be the leading merchant of outdoor recreational products inspiring people to love, enjoy, and conserve the great outdoors” (Our mission, 2017, para. 2). Finally, although the company does not publish a formal value statement, some indication of the company’s values can be discerned from the CEO’s longstanding commitment to environment and wildlife conservation initiatives. For instance, the company’s Web site proudly boasts, “In conservation circles [the company’s founder and CEO] is often referred to as a modern-day Teddy Roosevelt for his leadership, personal commitment and dedication to conservation efforts” (para. 1).
In truth, the company…
About us. (2017). Country Joe’s Sporting Goods and More, Inc.. Retrieved from http://www.countryjoe.com/shop/en/about-us.
Company overview. (2017). Bloomberg. Retrieved from https://www.bloomberg.com/research/ stocks/private/.
Cravens, David W. (2000) Strategic marketing (6th ed.). New York: Irwin McGraw-Hill.
One of American’s foremost conservation leaders. (2017). Country Joe’s Sporting Goods and More, Inc. Retrieved from http://www.countryjoe.com/shop/en/about-us.
Our mission. (2017). Country Joe’s Sporting Goods and More, Inc. Retrieved from http://conservation.countryjoe.com/Page/Our-Mission.aspx.
Sport participation trends. (2011, October). The Journal of Physical Education, Recreation & Dance, 82(8), 3.
Business Strategies and Objectives
The aim of this paper is to prepare matrices that will be used to justify strategies that will be recommended in the paper. There will also be analysis and detailed discussion on other alternative strategies, including providing the advantages and disadvantages of the alternative strategies. All the specific objectives and strategies will be addressed and there will be an analysis for the next three years with estimated costs for every year. The article will also compare and contrast the recommended strategies and the actual ones adopted by the firm (Google). ecommendations will include how the strategies are to be implemented by the firm in question, and expected results will be noted together with a timetable for recommended items. Detailed information of how to review and evaluate the success of the recommended strategies will also be provided.
In many circumstances, business strategies will always…
Billsberry, J. (2008). Experiencing Recruitment and Selection. New York: John Wiley and Sons Publishers.
Bryson, J. & Alston, F. (2004). Creating and Implementing Your Strategic Plan: A Workbook for Public and Non-profit Organizations. New York: John Wiley and Sons.
Bryson, J., Anderson, S. & Alston, F. (2011). Implementing and Sustaining your Strategic Plan: A Workbook for Public and Non-profit Organizations. New York: John Wiley and Sons.
Ghazinoory, S., Abdi, M. & Mandana, A. (2011). SWOT METHODOLOGY: A State of the art Review for the past, a framework for the future. Journal of Business Economics and Management, 12(1), 24-28.
Most critical is the ability to capitalize on core competencies while also alleviating any cultural conflicts inherent in pursuing any diversification strategy (Doving, Gooderham, 2008). Related diversifications are related to core competencies can be seen in many industry value chains, especially in the financial services industry (Milberg, 2008). As related diversifications reduce the cultural, system and process risk of a merger or acquisition, they have been proven empirically to be more successful in certain industries, especially financial services (Doving, Gooderham, 2008).
Erik Doving, aul N. Gooderham. (2008). Dynamic capabilities as antecedents of the scope of related diversification: the case of small firm accountancy practices. Strategic Management Journal, 29(8), 841. Retrieved August 6, 2008, from ABI/INFORM Global database. (Document ID: 1499091871).
atrick Marren (2007). High-functioning business strategy. The Journal of Business Strategy, 28(6), 37-39. Retrieved August 7, 2008, from ABI/INFORM Global database. (Document ID: 1369331501).
William Milberg (2008). Shifting sources…
Patrick Marren (2007). High-functioning business strategy. The Journal of Business Strategy, 28(6), 37-39. Retrieved August 7, 2008, from ABI/INFORM Global database. (Document ID: 1369331501).
William Milberg (2008). Shifting sources and uses of profits: sustaining U.S. financialization with global value chains. Economy and Society, 37(3), 420. Retrieved August 8, 2008, from ABI/INFORM Global database. (Document ID: 1507056611).
Ann Mooney (2007). Core Competence, Distinctive Competence, and Competitive Advantage: What Is the Difference? Journal of Education for Business, 83(2), 110-115. Retrieved August 8, 2008, from ABI/INFORM Global database. (Document ID: 1410903891).
Answer number 3
The online community presents the reader with a multitude of information on how to write the business plan. A valid source in this sense is represented by Maire Loughran's article on the About.com website. Throughout this article, the author identifies a total of eight key elements to be integrated in the business plan. These refer to the next ones:
The executive summary which states the objectives of the plan
The provision of general information on the company soliciting the funds from the potential equity investors
The description of the products and/or services to be provided by the firm
The objective and factual analysis of the industry, the market and the competition encountered by the economic agent
The provision of more detailed company information, including primarily data on the managerial team, the organization and the ownership of the firm
The marketing plan as an integrated effort…
Lavinssky, D., Key components of a business plan, Business Know-how, http://www.businessknowhow.com/StartUp/business-plan-parts.htm last accessed on September 19, 2011
Loughran, M., Business plan elements, About, http://artsandcrafts.about.com/od/businessplans/tp/elementsbusinessplan.htm last accessed on September 19, 2011
Stout, C.E., Grand, L.C., 2010, Getting started in private practice: the complete guide to building your mental health practice, John Wiley and Sons
Business Strategies and Decision-Making
Choosing a business structure can depend on a wide range of variables and it is thus essential for a manager to have a complex understanding of his company, the industry it is associated with, and business forecasts. The process of choosing a business structure needs to be considered before starting any businesses in spite of the fact that this respective process can take a significant amount of resources. Many business owners are inclined to either dedicate very little of their time to this process or even to bypass it completely. This can lead to serious issues later in the company's functioning, as business owners can come across a series of problems that they're not prepared to deal with.
Proprietorships are one of the most encountered types of business organizations, this being largely owed to the fact that they are easier to form and maintain and because…
Bechet, T.P. "Developing Staffing Strategies That Work: Implementing Pragmatic, Nontraditional Approaches." Retrieved July 26, 2015, from http://unpan1.un.org/intradoc/groups/public/documents/un/unpan021815.pdf
Grendstad, G., Selle, P., Stromsnes, K., & Bortne, O. "Unique Environmentalism: A Comparative Perspective." (Springer Science & Business Media, 28 Nov 2006)
Field, T. "Avoiding Patent, Trademark and Copyright Problems." Retrieved July 26, 2015, from https://centraljersey.score.org/system/files/u129009/Avoiding%20Patent,%20Trademark%20and%20Copyright%20Problems.pdf
Larabee, D. "Pros and cons of investing in family-owned businesses." Retrieved July 26, 2015, from http://www.ft.com/international/cms/s/0/cd98f8a4-5756-11e3-b615-00144feabdc0.html#axzz3gzrkx9vE
The graphic shown in Figure 1 was also provided in the article (Porter, 2008).
Figure 1: Five Forces Model
This model's effectiveness does not however capture the increasingly critical role of tacit and explicit knowledge in businesses. The tacit knowledge, of the type that is learned from the continual streamlining of core processes, is not easily captured and communicated. It is often called tribal knowledge as this type if intelligence often stays within workgroups where it originates and seldom is captured for broader use. Specific knowledge, or the type of intelligence that can easily be captured and communicated, is often not used to its full potential as well. Studies in the auto industry suggest that knowledge, not products or pricing, is the new competitive advantage (Dyer, Nobeoka, 2000). The Five Forces Model does not recognize how important knowledge is as a competitive force in the definition of competitive…
Jeffrey H. Dyer, & Kentaro Nobeoka. (2000). Creating and managing a high-performance knowledge-sharing network: The Toyota case. Strategic Management Journal: Special Issue: Strategic Networks, 21(3), 345-367.
Ormanidhi, O., & Stringa, O.. (2008). Porter's Model of Generic Competitive Strategies. Business Economics, 43(3), 55-64.
Michael E. Porter. (2008, January). THE FIVE COMPETITIVE FORCES THAT SHAPE STRATEGY. Harvard Business Review: Special HBS Centennial Issue, 86(1), 78-93.
Core Competency or Unique Strength of the Business
The five forces model is well-designed but it is far from perfect, especially for the manager not proficient in its use. The model is complex and is subject to a fairly steep learning curve. A tremendous amount of data must be collected to use the model effectively, and the analysis needs to be conducted in an objective manner. Many recent criticisms reflect the viewpoint that the model does not apply well to knowledge-based industries. hile this indicates a lack of understanding of the model, a manager attempting to analyze the computer game industry for example must be able to effectively translate the model's basic principles and terminology into that industry. This is a complex task, and the risk of relying on models such as five forces is that their surface simplicity leads managers to overestimate the model's usefulness or their own understanding of how the model works.
Grundy, T. (2006). Rethinking and reinventing Michael Porter's five forces model. Strategic Change. Vol. 15 (5) 213-229.
Karagiannopoulos, G.; Georgopoulos, N. & Nikolopoulos, K. (2005). Fathoming Porter's five forces model in the Internet era. Info. Vol. 7 (6) 66-76.
Narayanan, V. & Fahey, L. (2005). The relevance of the institutional underpinnings of Porter's five forces framework on emerging economies: An epistemological analysis. Journal of Management Studies. Vol. 42 (1) 207-223.
Oviatt, B. & Miller, W. (1989). Irrelevance, intransigence and business professors. The Academy of Management Executive. Vol. 3 (4).
Using the current downturn to a business' advantage is another option. This can include 'greening' existing homes to make them less costly to run and more energy-efficient, selling cheaper homes to buyers looking for 'less home,' especially seniors with retirement funds that have been depleted as a result of the stock market's losses, and refurbishing long-abandoned structures. Diversifying by offering second homes and vacation homes is another possibility for companies wishing to modify and expand their brand image and offerings to consumers (itkowski 2009).
First time homebuyers are looking for bargains are a key segment. Some long-term speculators not burned in the first housing boom may rationalize property is always profitable eventually. So are individuals looking for homes that are less costly to maintain.
Vogel, Mike. (2008, May 1). Homebuilders changing business model. Florida Trend.
Retrieved April 1, 2009 at http://www.floridatrend.com/article.asp?aID=48790
itkowski, ayne. (2009, February 22).…
Vogel, Mike. (2008, May 1). Homebuilders changing business model. Florida Trend.
Retrieved April 1, 2009 at http://www.floridatrend.com/article.asp?aID=48790
Witkowski, Wayne. (2009, February 22). Poconos builders change business model to weather economy fairly well. Pocono Record. Retrieved April 1, 2009 at http://www.poconorecord.com/apps/pbcs.dll/article?AID=/20090222/NEWS02/902220302/-1/rss01
The generation of new products in it which can support product delivery at a faster rate. For example the it Organization that creates software, provides technical support and training, processes payments as and finally enters into an agreement that is nonexclusive in nature with the manufacturers who then authorize the organization in marketing of those products provides the suppliers/manufactures with a great deal of power in terms of the value chain as well as lower costing products. Emerging technologies are one of the threats in the it business. It is possible that a competitor might advance quickly through offering of a new technology and this is always a possibility in the Information Technology usiness.
Clarke, Roger (1994) the Path of Development of Strategic Information Systems Theory. Xamax Consultancy Pty Ltd., 1992, 1993, 1994 http://www.anu.edu.au/people/Roger.Clarke/SOS/StratISTh.html
Mitchell, ridger M. (nd) Economic Issues www.rand.org/publica tions/MR/MR650/mr650.ch4/ch4.html
Frank, Ulrich, & Lange, Carola (2004) a…
Clarke, Roger (1994) the Path of Development of Strategic Information Systems Theory. Xamax Consultancy Pty Ltd., 1992, 1993, 1994 http://www.anu.edu.au/people/Roger.Clarke/SOS/StratISTh.html
Mitchell, Bridger M. (nd) Economic Issues www.rand.org/publica tions/MR/MR650/mr650.ch4/ch4.html
Frank, Ulrich, & Lange, Carola (2004) a Framework to support the Analysis of Strategic Options for Electronic Commerce 2004 February Online at http://www.uni-koblenz.de/~iwi/publicfiles/Arbeitsberichte/Nr41.pdf
Mulani, Narendra Dr. & Lee, Hau Dr. (nd) New Business Models for Supply Chain Excellence Online at http://www.accenture.com/xdoc/en/services/scm/ASC4_wp_keynote.pdf
business strategy class, group assigned a case study. It a 12-20-page paper, responsibility write 4 pages, part write. Here teacher instruction: "A case study assigned group. Additionally a rubric showing material case study included.
Recently, a young woman dying of brain cancer in Queens was forced to engage in a legal struggle with her own parents to 'win' the 'right to die. "Paralyzed from the waist down, the 28-year-old woman won court approval last week to be taken off life support, a move challenged by her devout Christian parents who claimed that would be tantamount to suicide and would be a sin that would send their daughter to hell. After winning the right to die, Grace changed her mind. Her lawyer, David Smith, said she made the decision out of love for her parents and to alleviate their suffering" (Scott 2012). This case illustrates how right-to-die cases can…
Fraser, Sharon I. & James W. Walters. Death - whose decision? Euthanasia and the terminally ill. Medical Ethics 26 (2000):121-125. [21 Oct 2012]
Quill, Timothy E. "Terri Schiavo -- a tragedy compounded." The New England Journal of Medicine, 352(2005):1630-1633. [21 Oct 2012] http://www.nejm.org/doi/full/10.1056/NEJMp058062
Scott, Marvin. "Saving grace." WPIX. 2012. [21 Oct 2012]
Competitive Analysis and Positioning Strategies
Why do strategies fail?
The main reasons behind the failure of strategies are wrong execution practices. Some aspects of a strategy aren't really addressed. Bad strategies produce disappointing results. However, it should be noted that some good strategies also fail. It is much harder to figure out how things went wrong when a good strategy fails. Although good planning is obviously desirable; and indeed putting the strategy in action, few management chiefs really make an effort to fine-tune the process and leadership aspects that lead to the realization of the anticipated results. It is the lack of know-how in the execution of strategies that leads to the failure of, even, great strategies. The consequences are often grave.
One of the common identifiable reasons why strategies fail is to allow a strategy objective to change with time. Another common reason why strategies fail is because there…
Baskerville, P. (2014, March 28). How do you compete with Starbucks in the coffee industry? Retrieved from Quora: https://www.quora.com/How-do-you-compete-with-Starbucks-in-the-coffee-industry
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Slater, S. .., Olson, E. .., Tomas, G., & Hult, M. (2005). Making Sure That Marketing Decisions Match The Business Strategy. Marketing Management, 23-28.
Wharton. (2005, August 10). Three Reasons Why Good Strategies Fail: Execution, Execution ... Retrieved from Wharton School: http://knowledge.wharton.upenn.edu/article/three-reasons-why-good-strategies-fail-execution-execution/
Strategy and SWOT Analysis
Key Concepts in Business Strategy and SWOT Analysis
Creating a competitive business advantage is a complex endeavor. Various techniques have been developed to guide the self-analysis process practiced by business enterprises. Traditional strategic planning engages a company in both internal and external analysis. In order to conduct a strategic analysis that makes niche or unique opportunities salient, it is necessary to have a robust view of the competitive landscape. Alternately, a thorough analysis of operations and position requires a penetrating look at the internal capacity of the company. A SWOT analysis promotes a clear-eyed look at the external and internal dimensions of a business that have the potential to impinge on the development of an effective strategic plan for the company.
A SWOT analysis takes the participants through a systematic process of examining the strengths, weaknesses, opportunities, and threats that are aspects of a company's business.…
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Starbucks (2013).Investor overview. Retreived http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-irhome
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Global Business Strategies
When a firm looks to complete a joint venture, it is necessary to determine what type of exit strategy (or strategies) would be appropriate. This strategy allows the company to leave the agreement without facing extreme los, and it also allows the business to maintain the respect that they had gained in the industry already. In the proposed joint venture with the Murakami Mill in Japan, the risks have already been detailed, and it seems that the venture will be profitable to both parties. However, it would be irresponsible not to look at possible plans to leave the venture if it is not acceptable for some reason. In this section, exit strategies including divestiture of assets, allowing a joint venture partner to take the risk, diversification, shutting down the operation and other contingencies will be examined.
Divestiture of Assets
The goal of entering into a…
Allen, S. (2010). What is a joint venture and how do they work? Retrieved from http://entrepreneurs.about.com/od/beyondstartup/a/jointventures.htm
Carroll, M. (2012). A founder's framework for when it's time to move on and leave your startup. Retrieved from http://www.forbes.com/exit-strategy/
Kotelnikov, V. (2010). Diversification strategies. Retrieved from http://www.1000ventures.com/business_guide/im_diversification_strategies.html
Robbins, S. (2012). Exit strategies for your business. Retrieved from http://www.entrepreneur.com/article/78512
HRM and Business Strategy
The Marriott Hotels and Resorts is a high end hotel chain that operates in numerous locations and cultures around the globe. Hotel locations reside in roughly fifty different countries and at over five hundred locations. Not only does the Marriot operate under its own brand, but it also owns other hotel brands such as the Ritz-Carlton; however these organizations operate as a completely independent division of the Marriott International parent company. Each Marriott hotel location offers a different range of services such as spa treatments, golf facilities, as well as luxury condominiums. The Marriott must provide world-class customer service at all times to ensure customer satisfaction and customer loyalty. To support this position, Marriott must have a human resources management (HRM) strategy that empowers its employees to ensure that they are well equipped to handle a wide range of consumer needs and demands.
Marriott. (N.d.). Aruba Marriott Resort & Stellaris Casino. Retrieved from Mariott: http://www.arubamarriottcareers.com/JobDescriptions.html
Marriott. (N.d.). Core Values & Heritage. Retrieved from Marriott: http://www.marriott.com/culture-and-values/core-values.mi
Partlow, C. (1993). How Ritz-Carlton applies "TQM." Cornell Hospitality Quarterly, 34(4), 16-16.
Business Strategy play a part CM implementation ?
The role of business strategy in CM implementation
The economic agents of today are obliged to answer a wide array of complexities in order to attain their professional objectives. They are for instance forced to answer the growingly complex demands of the customer base. Then, they have to continually review and top the strategies implemented by the competition. They also have to operate in a manner which is socially and environmentally responsible in order to ensure that they have a positive image within the community and they also enjoy the acceptance of the public. At the level of the staff members, they have to ensure that they hire and retain the best employees, that they train their employees, that they satisfy them and that they capitalize on the investments with the personnel.
Overall then, the economic agent of the modern day society…
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Guidelines on oral and written communication with job applicants
One important guideline is that the human resources department is solely responsible for setting the policies and procedures regarding staffing and management of all aspects of the staffing process. herefore any written or oral communication to job applicants should come from the human resources department except where the management team may need to reply to an item that they are formally delegated for.
he second guideline is that all oral and written communication with job applicants should be clearly stated and in a conspicuous manner in the appropriate document. his is in order to prevent any misunderstandings or misinformation that comes from the job applicant not receiving or comprehending the message. he members of the organization should require the job applicants to acknowledge receipt or the message being passed and they should be given an opportunity to ask for clarification where…
The best way to conduct the criterion-related validity test is to seal the results then review them after a period of between 3 to 6 months after the new hires have been with the company. This way, the staffing manager will be able to assess the work performance of the new hires and correlate the results of the general ability test to their work performance. The general ability test becomes the predictor while the work performance becomes the criterion.
As in the study conducted by Ispas, Iliescu, Ilie, and Johnson (2010)
Job performance can be measured using supervisor ratings of the employees which can be collected as a part of the employees' annual or monthly performance evaluations. The performance appraisal can be based on a 5-point scale with four dimensions being evaluated. The four dimensions to be evaluated are quality of work, professional
Business Strategy Reprot
Background to Company
Woolworth Limited is the food and takeaway liquor retailer in Australia, often colloquially known as Woolies' and going by the slogan 'The fresh food people'. It operates in every Australian state and territory. Offshoots are Woolworth's online (Homeshop) which allows uses to purchase food over the Internet and Woolworth's Liquor a department of Woolworth's supermarket stores (IRIS Tasmania, November 2007).
Woolworth Limited has to follow government rules and regulations. The political factor involved in this situation is creating both opportunities and a threat for Woolworth Limited. It is an advantage in that it affords Woolworth a diverse work crew since the Australian government applies the Fair Work system that requires that employees and other staff receive maximum weekly hours, protections from unfair dismissal of employee, flexible working roaster, balance between work and family life, and advance notice of termination and redundancy…
"Woolworth Limited" www.woolworthslimited.com.au. Retrieved October 22, 2010
"Woolworths online." 2010-06-11. http://www.homeshop.com.au/. Retrieved 2010-06-11.
"Woolworths Limited - Half Year Presentation HY10" (PDF). 2010-01-28. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01041760 . Retrieved October 22, 2010
E-Commerce on Business Strategy
The purpose of this literary review is to determine the effects and impacts of e-commerce on business strategies and internal processes with particular emphasis on the travel industry.
Our review will include material from several different sources including the Sloan Management eview, Travel Weekly and white papers from Ernest & Young.
We will begin by defining E-commerce and the impact of it in the new economy. Subsequently we will discuss the impacts and effects of e-commerce on business strategies. Finally our discussion will focus on the Travel industry and the impact of e-commerce on Tour operators.
E-commerce is defined as the use of telecommunications, in particular the Internet, to purchase and sell goods and services. (The Macmillan Encyclopedia 2001) The term e-commerce also refers to using electronic means to improve the way a company does business and to create value, or competitive advantages, for the…
Business/Technology Editors. "Research Finds 4 E-Commerce Strategies - Only 3 Successful." June 12, 2001 PETERBOROUGH, N.H. -- (Business WIRE) -- June 12, 2001
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Exporting apparel to France would reveal a slightly similar difference. As integrant part of the European Union, France has removed numerous financial barriers in relationship to other EU member states. It has however intensified its barriers relative to product quality and sanitary standards. In terms of the direct relationship between France and the United States, this is generally a positive one, revealing mutual gains and lack of controversy. Efforts are currently being made to reduce the trade barriers between the United States and the EU as a whole (Buy USA, 2009).
A franchising entry strategy would reveal numerous benefits for Miana Fashion, such as reduced risks and shared responsibilities, but would also imply shared financial results. In France nevertheless, such a strategy would stand increased chances of success, supported by all political, economic, cultural and legal backgrounds. France is the leading franchising country of the European Union, with…
Dickson, D.M., August 13, 2009, Trade Panel Hits China's Import Barriers, Washington Times
Hugh, E., 2009, Global Manufacturing: France Outperforms while Spain Continues to Flounder, Seeking Alpha, http://seekingalpha.com/article/170859-global-manufacturing-france-outperforms-while-spain-continues-to-flounder last accessed on December 7, 2009
Pinto, J., 2009, Global Manufacturing -- The China Challenge, Automation, http://www.automation.com/resources-tools/articles-white-papers/articles-by-jim-pinto/global-manufacturing-150-the-china-challenge last accessed on December 7, 2009
2008, China Real Estate Market Faces Slump, NuWire Investor, http://www.nuwireinvestor.com/articles/looming-housing-slump-in-china-52103.aspx last accessed on November 26, 2009
Danfoss HR managers had to understand these cultural clashes and devised extensive employee training programs and personality development seminars. The management also devised a platform to address employee grievances. It is necessary to conduct such seminars and employee training programs to provide the Chinese employees the cultural orientation to equip them with the skills necessary for working in a global concern. Danfoss management has learnt from its initial experience the importance of understanding and appreciating the cultural differences involved in globalization. The human resource department of the Chinese subsidiary focuses on bridging the gap and promoting a more efficient working platform, which would contribute to the overall profitability of the company. As one of the Supply chain managers at Danfoss put it ' adapt to the Chinese way on the outside and doing things our own way inside the company'. [Jonathan Story]
As discussed above Danfoss has huge market potential…
1) William G. Sutton, 2002, 'China's Transition in full Swing', Viewed 2nd June 2009, http://www.appliancedesign.com/Articles/Departments/efbe75132f938010VgnVCM100000f932a8c0
2) Jonathan Story, 2004, 'Danfoss in China (A&B): Taking the Family Firm Global', Viewed 2nd June 2009, http://www.managementtoday.co.uk/search/article/548055/danfoss-china-a-b-taking-family-firm-global/
3) Deloitte, 'The Israeli China Desk', Viewed 3rd June 2009, http://www.deloitte.com/dtt/cda/doc/content/chinaDesk.pdf
4) Dr. Huibert de Man & Yang Xiong, 2005, ' Selective Implementation of Management Knowledge. The Case of HRM in China', Viewed 2nd June 2009,
Sears: Business Strategy and Analysis
Sears, officially names Sears, oebuck and Company, is an American chain of department stores which began its journey to success in the field of mail-order product distribution and has grown to one of the largest and most successful department store chains in the United States. Sears business model has long been attributed to a focus on customer service and satisfaction, and in recent years, Sears has begun work to change how its customers interact with the company in stores and online. In utilizing strategies to upgrade web technology, become a facet of goodwill and community giving, and in structuring itself under the business model of customer service and continued improvements to customer affordability and financing, Sears remains a top contender in the U.S. department store field.
Upgrading Web Technology and Increasing Web Presence
In an effort to keep up with competitors and the…
Becker, B. And Huselid, M. (2009). Overview: strategic human resource management in five leading firms. Human Resource Management, 38.4: pp. 287. Web. Retrieved from: ProQuest Database.
Dizard, J. (2009 July 20). Prospects for consumer spending look promising. London Financial Times. Web. Retrieved from: ProQuest Database.
Sears. (2011). Sears holdings community relations. Web. Retrieved from:
http://www.searsholdings.com/communityrelations / on 1 November 2011.
IT Project Business Strategy Alignment
Why is it critically important to align IT projects with the business strategy?
Any enterprise undertaking that will require substantive expenditure of resources, whether time or labor or materials, or that will impact operations to an important degree should be aligned with the business strategy. The term business strategy is deceptively neutral, implying a list of tactics that can be used by a project manager as a basis for establishing a concrete plan of action complete with checklists. However, business strategy is an organic phenomenon as much as it is a tangible plan for increasing market share or OI. This is because business strategy can be the target of deep involvement by stakeholders at many levels of the enterprise (Schwalbe, 2010). In the same way that business strategy is not developed and implemented in a vacuum, IT projects must -- if they are to be…
Gube, J. (2008, February 8). Eight Tips on How to Manage Feature Creep. Retrieved January 13, 2013, from Six Revisions: http://sixrevisions.com/project-management/eight-tips-on-how-to-manage-feature-creep/
Haughey, D. (n.d.). Project Planning A Step-by-Step Guide. Retrieved January 18, 2013,
from Project Smart: http://www.projectsmart.co.uk/project-planning-step-by-step.html
Schwalbe, K. (2010). Information technology project management. (6th ed.). Boston, MA: Cengage Publishing. eText: ISBN-10 1111546800, ISBN-13 9781111546809 Print: ISBN-10 1111221758, ISBN-13 9781111221751 Retrieved January 18, 2013 from: http://www.coursesmart.com [Type text] [Type text] [Type text]
Atria's Business Strategy
Altria group, the parent company to Kraft, Phillip Morris and a host of other well-known companies, prides themselves on their commitment to innovative business practices and achievement. The company historically has performed remarkably well and has ranked number one for economic value added delivery providing shareholders unsurpassed value and performance (Altria, 2005). Their strategies for growth and business survival include superior delivery and economic returns to their shareholders in the short- and long-term.
To accomplish this goal Altria has committed themselves to improving each member of the Altria family or each of its operating enterprises. These include primarily Kraft Foods and Phillip Morris (Altria, 2005). The company also maximizes the returns shareholders realize in a consistent manner by taking advantage of technological advancements and innovations to ensure optimal technologies and knowledge sharing practices are adopted within the company.
There have been plans in recent years to restructure…
"Altria Group." 2, November 2005:
Management of Information Systems Business Strategy: Lessons to Be Learned From the Clinic and esort Cases about the Creation, Implementation and Use of Business Intelligence
The objective of this work is to examine the lessons to be learned from the clinic and resort cases about the creation, implementation and use of business intelligence in management of information systems business strategy.
Business intelligence is described as the "business capability of extracting actionable insight from business and market data to support better decision-making and improved corporate performance." (The Business Intelligence Guide, 2011) Furthermore, Business Intelligence is the business reported to be the "most wanted technology by business across the world" because business intelligence "even in current times of economic downturn, when IT budgets are being cut, is still at the top of the list of urgently needed business capabilities." (The Business Intelligence Guide, 2011) The critical need for business intelligence was learned…
Briggs, Linda L. (2011) BI Case Study: Hospitality Firm Clean Up with BI. 26 Jul 2011. TDWI. Retrieved from: http://tdwi.org/Articles/2011/07/26/Case-Study-Hospitality-Firm.aspx?Page=1
Business Intelligence (2011) The Business Intelligence Guide. Retrieved from: http://thebusinessintelligenceguide.com/bi_solutions/index.php
Konitzer, Kate and Cummens, Mike (2011) Case Study: Using Analytics to Improve Patient Outcomes and Billing Accuracy at Marshfield Clinic. TDWI. 11 Jul 2011. Retrieved from: http://tdwi.org/Articles/2011/07/11/CASE-STUDY-Using-Analytics-to-Improve-Patient-Outcomes-and-Billing-Accuracy-at-Marshfield-Clinic.aspx?Page=1
Small Business Strategy
Small Business Marketing Strategy
A television commercials business
The small business will be termed as a television commercials business. The business involves marketing of products and services that include television gadgets, programs, hardware, software, and services related with television services. The small business will start operations as a small entrepreneur that accommodates and sells small and support gadgets that are related to television services in town. The objective of the business is to be a global force in provision and sell of television brands in the years to come. The business thrives in the motive of becoming one of suppliers and repairers of television materials in the region. The business has been established on the notion that there are many services and materials that can be provided to people with opportunities being utilized. As part of the objectives of business, services offered will have to meet the…
Cronin-Gilmore, J. (2010). Small business marketing strategy: Exploring marketing strategies for small businesses in the United States. Saarbru-cken: VDM Verlag Dr.
Debelak, D. (2000). Streetwise marketing plan: Winning strategies for every small business.
Holbrook, Mass: Adams Media.
Global Strategic Business
Strategic Global Business Strategies
Globalization has become a ubiquitously used word in a relatively short time. Much of this globalization trend is centered on international economic systems becoming more intertwined which have been largely technologically driven. Technology has provided a platform in which has increased the speed of information transfer and consequently provided corporation more feasible access to foreign markets. As a result of globalization, many multi-national corporations (MNCs) have begun to drive a level of homogenization throughout the international business community. Standardizing processes and incorporating technology on a global scale creates much efficiency that can reduce redundancies in business processes. This advantage has produced enormous MNCs and the trend will continue to grow indefinitely. Four issues related to this trend were chosen from a current model of global corporate dominance and will be discussed in order to provide insights on strategies in the globalized environment (Anil,…
Anil, G., V. Govindarajan and H. Wang. The Quest for Global Dominance: Transforming Global Presence into Global Competitive Advantage. New York: Jossey-Bass, 2008. Book.
Minbaeva, D., et al. "MNC knowledge transfer, subsidary absorptive capacity, and HRM." Journal of International Business Studies 34.6 (2003): 581-599. Web.
There is no forecasting system in place to understand customers' requirements well ahead of time; from the case study it appears the orders are fought for in bidding wars between factories with price and availability being the two factors the majority of factory general managers rely on to win business.
The factory's short-term focus of just completing one order after another forces employees to also be very short-term in their work ethic as well; each order is a battle between employees and the managers of the factories. This dynamic appears to play out across the entire industry.
Basing compensation purely on piecework as a measure of productivity will nearly always lead to work slowdowns by workers to force up the rate per piecework, especially when the order is large and has a short deadline. Workers see these orders as an opportunity to earn more money.
The workers are actually running…
However, one needs to understand that the profits should be split evenly across other areas of operations as well, especially in research and development and other areas that stimulate company creativity.
1. Hoover, Jeremy. 2004. 3 Ways To Re-Invest In Your usiness For Maximum Profits. On the Internet at http://www.mlmknowhow.com/articles/managing/reinvest.htm.
Student 3: One of the reasons to reinvest is because it will make you look professional (http://www.megabizflakes.com/top-3-reasons-re-invest-business) This is not as silly as it seems. The market and success on the market is quite often based on the way the clients and partners perceive you. If this is a company that reinvests most or all of its profits, then this is a company that is likely to have greater credibility on the market than a company that pays out more dividends. The former shows more commitment to long-term growth and to sustainable development, while the latter tends to look…
1. Ven. 2010. How To Reinvest Your Online Business Knowledge ? | Money & Knowledge. On the Internet at http://emoneymakingonline.com/2010/12/21/how-to-reinvest/. Last retrieved on September 30, 2011
Student 4: Reinvesting the profit also makes sense from a financial perspective. Reinvesting the profit means that it will not be taxed or rather that it will be taxed less. This means that the company will be able to enjoy both the operational benefits of reinvesting the profit (including further developing the business), but also saving an expense, through avoiding the taxation of its profits. This should also make sense from a shareholders' point-of-view, because the value of the company they have a stake in will increase, while they will not be taxed on dividends, since they will not be receiving them.
It is never easy to determine how much to reinvest, but the general understanding is that the first years of the business should be those years where all or most of the profit is reinvested. It is more important during that phase to build the market share, retrieve new client accounts and invest in research and development. Following this initial phase, the decision of how much of the profit to reinvest should remain with the shareholders, who own the company and who are the most likely to best decide how to spend their money/profits.
The problem with this strategy was that it determined higher indirect costs that the company did not take into consideration when making this decision.
c) General Motors is one of the most successful U.S. companies. But GM was forced to modify its strategy because the global competition conditions. This is mostly the case of Toyota, which developed into an important competitor of GM on the European, U.S., and Asian market. The numerous advantages of Toyota and its products and services include: lower prices, better supply chain management that is based on Japanese methods, and higher quality management (Klum, 2011).
These advantages helped Toyota become the leader of the Asian market. This helped the company also improve its international position. In addition to this, General Motors' sales and profits significantly reduced. Therefore, the company had to modify its strategy in order to reduce its costs. The company's managers considered that this…
1. The GM's Consolidated Strategy and Enhanced Approach (2011). The Global Mechanism. Retrieved September 24, 2011 from http://global-mechanism.org/about-us/strategyand-approach .
2. Muller, J. (2009). GM's Global Strategy in Doubt. Forbes Magazine. Retrieved September 24, 2011 from http://www.forbes.com/forbes/2009/0622/autos-foreign-aide-gm-global-strategy-in-doubt.html .
3. Klum, E. (2011). General Motors Growth Strategy. Retrieved September 24, 2011 from http://www.streetdirectory.com/travel_guide/51055/cars/general_motors_growth_strategy.html .
) (Weiss, 2011).
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It is important for management to work on how to set up a business in a foreign country. There are so many options available, each with its own advantages and disadvantages, that management can take into considerations all these before arriving at a reasonable and profitable decision. First of all, the role of the company in the foreign market needs to be defined. According to this role, the company can act as a representative (of another foreign country or even of a local one), as an export company or a distributor (Entrepreneur, 2001).
Another decision to make is whether the company…
1. Wuorio, Jeff. 2011. 6 tips for launching a business overseas. On the Internet at http://www.microsoft.com/business/en-us/resources/startups/business-opportunities/6-tips-for-launching-a-business-overseas.aspx?fbid=pY__5kA9uk_ . Last retrieved on October 5, 2011
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The first thing that the management should do to ensure success when setting up shop in a foreign country is to have a substantial analysis of the market in which it will be present. A substantial analysis of the market will include several different aspects and perspective that will need to be identified, as well as the company's response to these challenges. On one hand, for example, management will need to learn about things such as the size of the market, the purchasing power and the preferences of the consumers. At the same time, management should also keep track of issues such as the competition that is active on the respective market: a high number of competitors will mean that the market may become over saturated too quickly to remain profitable for the company to set up shop there.
Company-specific, sales, quote and order processes, customer service, and warranty and returns KPIs all reflect financial performance, over time, for any company. By measuring these KPIs and engraining them into the company culture, Citrus can create a sustainable differentiator in exceptional performance as well. The bottom line is that Citrus must turn accountable and measurable performance into a lasting competitive advantage over the long-term.
Analyzing Industry-Wide KPIs for PC Manufacturers
Areas of Measurement
Baseline: What is Measured
Project costs and expenses
Use as a baseline for defining OI
Number of orders per year
Determine configuration's impact on inventory turns
Current inventory and costs
Inventory turn savings
Lifetime cost per customer; avg. deal size by customer
Order cycle time
Order cycle times reduction of 35% or more recorded with mftrs contacted
Cost of Sales
Days Sales Outstanding reduction from 55 to 23 days on average…
AMR Research (2005) - the Handbook of Becoming Demand Driven. AMR Research Report October 6, 2006. Accessed with permission from the publisher. Lora Cecere, Roddy Martin, Debra Hofman.
AMR Research (2003) - Configuration is the Heart of Customer Fulfillment for Complex Product Manufacturers. AMR Research Report. Monday March 31, 2003. Retrieved from the Internet on May 4, 2008 at http://lwcresearch.com/filesfordownloads/ConfigurationIstheHeartofCustomerFulfillmentforComplexProductManufacturers.pdf
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Coca Cola's business strategy is built upon differentiation. It uses both types of differentiation, quality and branding, to set itself apart from its competition. The success of Coca Cola is literally built upon the strength of the Coke brand, even though Coca Cola now markets thousands of products in addition to the original Coca Cola. This branding has proven a significant source of the company's strength, as seen when one examines the brand in connection with a SWOT analysis of the company. However, when Coca Cola faces any type of threat as a brand, that threat can leave the entire company vulnerable. Moreover, the company's largest opportunities are in areas outside of its traditional soft-drink market.
This paper will provide an internal overview of the business strategy employed by the Coca Cola Company, differentiation, and how it uses both a quality strategy and effective branding to set…
Blackwell, E. (2009 April 23). In Coke- Pepsi rivalry, both sides win. Retrieved December 5,
2011 from The Street website: http://www.thestreet.com/story/10490193/1/in-coke-pepsi-rivalry-both-sides-win.html
The Coca Cola Company. (2011). Our company. Retrieved from: http://www.thecoca-
There are a number of different trends emerging in marketing, and those involved in the craft should be aware not only of these changes but the implications of them as well. The first is video. Social media in particular has become a forum for video in marketing. This not only means things like Facebook Live and YouTube, but more sophisticated marketing such as Wistia's pro plans, Vidyard, and Brightcove. Video is another means by which a company can tell its brand story, and there is evidence that the use of video in marketing is not just on the rise but is effective as well, because most audiences find that video content is more engaging than other forms of content (Sharma, 2017).
Artificial intelligence is a big one, and that includes the use of smarter chatbots. These will pop-up on screen to help pull visitors to a website into…
Other than humans and the impact on their social and economic life, the oil companies also have a profound negative influence on the environment. The oil drilling and exploration process affect the environment at every stage. The first step is the identification of oil reserves in the region and assessing whether it can produce oil to cover the cost of drilling and exploration. The oil wells can be found inland or offshore. If the oil well is found inland, then it has to be dug out to assess its usability while for offshore drilling, the first step is to send seismic waves to understand its depth and exploration possibilities. This affects the organisms that depend on it especially the seismic waves can confuse the marine animals and disrupt their breeding grounds.
The next step is the exploration and this can lead to large scale displacement of people and misuse of…
Longwell, Harry. 2002. The Future of the Oil and Gas Industry: Past Approaches, New Challenges. World Energy. Vol 5(3). pp100-104
Inkpen, Andrew. 2010. The Global and Oil Gas Industry -- 2010. Thunderbird School of Global Management.
32). By contrast, PepsiCo benefitted from its wide product diversification. PepsiCo's product line includes popular snack names, while Coca-Cola has stuck to beverages. That has given PepsiCo the lead in overall sales, $43 billion to $31 billion in 2009 (see Dlugosch, 14 April 2010, p. 1). Question 4: Both companies' vertical involvement in their main global markets was determined by the consideration that contracts between soft-drink concentrate producers and bottlers allow the bottlers to have the last say in retail price, new packaging (but they could use only authorized packaging), selling and advertising in its territory (Martin, 26 March 2004, p. 5). This often causes strain on the relationships between bottlers, that very often are unable to produce and sell in large volumes, and the concentrate producer (Martin ibid). To accelerate revenue growth and be more agile and flexible both companies engage in vertical involvement in their main global markets…
Ali, T. (26 February 2010). The Coca-Cola Company to buy Coca-Cola Enterprises: Vertical Integration Continues. 1-4. Accessed 6 December 2011.
Badal, A. Coca Cola Company (2007). 33-40.
Please insert missing publication data.
As Aguilera & Dencker (2004) indicate, "although Human Resource Management (HRM) can play a value-added role in the merger process, existing research and evidence does not clearly demonstrate how it can do so." (Aguilera & Dencker, 1357) Thus, the organization in question is still adjusting to the demands placed upon it to accommodate new arrivals. In addition to language translation services, the organization in question could enhance performance from inpatriates by providing cultural counseling to help those arriving from other countries to understand certain basic cultural realities regarding life in the host country.
Aguilera, R.V. & Dencker, J. (2004). The Role of Human Resource Management in Cross-Border Mergers and Acquisitions. International Journal of Human Resource Management, 15(8), 1357-1372.
Dowling, P.J. & elch, D.E. (2004). International Human Resource Management: Managing People in a Multinational Context. South-estern College…
Aguilera, R.V. & Dencker, J. (2004). The Role of Human Resource Management in Cross-Border Mergers and Acquisitions. International Journal of Human Resource Management, 15(8), 1357-1372.
Dowling, P.J. & Welch, D.E. (2004). International Human Resource Management: Managing People in a Multinational Context. South-Western College Pub, 4th edition.
Global usiness Strategies
The aftermath of World War II has seen the evolution of economic regionalism as a means for fostering foreign trade thereby economic growth of participating countries. Economic regionalism was a conscious attempt to manage the opportunities and constraints created by international economic tie-ups after World War II through institutional arrangements facilitating free flow of goods and services and coordination of foreign economic policies. It embraced free trade areas, customs unions, common markets and economic unions. On the basis of the level of integration the economic regionalism can be differentiated widely, which can be visualized in the form of creation of free trade areas, custom unions, common markets and economic unions. The member countries practice preferential tariffs levying comparatively lower rates of duty on imports of goods among themselves than that from non-member countries. Free trade among the member countries is protected by a schedule of customs…
Marcial, Pedro. "Venezuela and Regional Integration in South America" retrieved at http://wehner.tamu.edu/mgmt.www/NAFTA / spring99 / Groups99 / pedro / final.htm Accessed on 10 April, 2004
Regional Integration in Central America" Retrieved at http://www.itcilo.it/english/actrav/telearn/global/ilo/blokit/cacmin.htm . Accessed on 10 April, 2004
Stubbs, Nicole Anne. "Regional Economic Integration: a Comparison of NAFTA and the EU" retrieved at http://depts.washington.edu/canada/nafta / 98chapters / 4stubbsnafta98.htm Accessed on 10 April, 2004
The author of this report is asked to do a few things within this report. First, the author is to look at and assess the Grand Strategy Selection Matrix. Second, the author is to review and assess the general business model and strategy of Overstock.com. The author of this report is to then select which of the quadrants that Overstock falls within. While it may be a little difficult to pin them down as they are like other online companies in many ways and they are also different in many ways, the choice is pretty clear to the author of this report which one applies to them.
There are, of course, four cells in the Grand Strategy matrix and they are numbered I, II, III and IV. The first cell is for companies that are in turnarounds or re-entrenchment status, are divesting or are liquidating. Examples of firms…
Ning. (2014, October 2). Grand Strategy Choice. Mastering Business Strategy.
Retrieved October 2, 2014, from http://strategycapstone.ning.com/page/grand-strategy-choice
Yahoo. (2014, October 2). Yahoo Finance - Business Finance, Stock Market, Quotes,
News. Yahoo Finance. Retrieved October 2, 2014, from http://finance.yahoo.com/
One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…
usiness Study Nucor Steel
Historical Performance Review vs. Goals
The performance of Nucor Steel has been one of volatility in their earnings and demand for their products. Part of the reason of for this, is because of the sharp contraction in demand for steel (due to the server implosion in economic activity). At the same time, the traditional volatility of industry would cause the company's earnings to become even more unpredictable. A good example of this can be seen by looking no further, than comparing revenues with the net income between 2006 and 2008. Where, revenues would climb from $14.7 billion in 2006 to $22.6 billion in 2008. While the net income, would become more unpredictable during the same period of time going from: $1.7 billion in 2006 to $1.4 billion 2007. At which point, they would begin to climb again, with 2008 net income coming in at $1.8 billion.…
Nucor Corporation. (2009). Scribd. Retrieved from: http://www.scribd.com/doc/21947260/Nucor-Report
Nucor Reports Quarterly Results for the First Nine Months of 2010. (2010). Nucor. Retrieved from: http://www.nucor.com/investor/news/releases/?rid=1485562
Nucor Steel. (2010). Yahoo Finance. Retrieved from: http://finance.yahoo.com/ q/co?s=NUE+Competitors
Packard, John. (2010). Nucor Lowers Galvanized Coating Extras. Steel Market Update. Retrieved from: http://www.steelmarketupdate.com/pub/blog/posts/2010/5/28/nucor-lowers-galvanized-coating-extras/
Business and Corporate
business strategy analysis of kraft foods
Analysis of Business Level Strategy
Kraft Foods Inc. is the second largest food company in the world and makes annual revenues in excess of $54 billion (Kraft Foods Annual eport, 2012). It operates in a highly competitive consumer foods industry where high volume sales are essential for competitive success. Tapping into new markets and growing one's brand portfolio are also important for growth and success.
Kraft Foods Inc. pursues a number of business-level strategies to support its corporate level strategies. The business level strategies are determined by answering the question How do we compete? (Ireland, Hoskisson & Hitt, 2008). Kraft Foods Inc. has selected product differentiation and brand development as its primary business level strategy. Product differentiation involves creating and conveying to the consumer a unique feature of the product portfolio that distinguishes the company from the competition and…
Furrer, O. (2011). Corporate level strategy: Theory and applications. (p. 2). Routledge
Ireland, R.D., Hoskisson, R.E., & Hitt, M.A. (2009). Understanding business strategy: Concepts and cases. (p. 88). Cengage Learning
McKern, B. (2003). Managing the global network corporation. (p. 125). Routledge
O'Grady, T.P., & Malloch, K. (2010). Innovation Leadership. (p. 371). Jones & Bartlett Learning.
Business Manager 0668
Tools for customers
E-commerce payment solutions
Search Engine Optimization
Strategies for improvement
Search Engine Optimization and webpage rankings
Global business diversity
Customer elationship Management
Website integration of tools
Discuss how you will facilitate customer payment using e-commerce solutions (e.g., how the transaction will take place, including the tools customers will use).
The customer transactions and payments are one of the important elements of e-commerce strategy. The businesses are required to offer a secure and trust worthy system for their client to manage the financial transactions. There are different transactions handling methods used by the e-commerce-based organizations. These payment methods should be aligned with the overall business transaction handling process as well as appropriate selection of tools and e-payment solutions.
The transactions of products produced under the label of Sunny Day salon are mainly related…
Buttle, F. (2012). Customer relationship management.USA: Routledge.
Kent, P. (2012). Search engine optimization for dummies. USA: John Wiley & Sons Inc.
Kim, C., Tao, W., Shin, N., & Kim, K.S. (2010). An empirical study of customers' perceptions of security and trust in e-payment systems. Electronic Commerce Research and Applications, 9(1), 84-95.
Ojeda-Zapata, J. (2011). iPad Means Business: How Apple's Tablet Computer is Changing the Work World. USA: Happy About.
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
The existence and specialization of these three competitors materializes in the need for Creativity Sure to excel in the offering of the three types of products and services offered by challengers Karina Advertising, Falling Agency and Dorna PLC.
4.2 PEST Analysis
Political forces: The development of a full legislation within the advertising field has yet to become a complete process. ecent efforts have however limited the operations of advertising campaigns in the meaning of having eliminated all features that are not compatible with the product or which promise unrealistic outcomes, such as the tremendous loss of weight. Other issues regulated by the new laws refer to truth-in-advertising, product labeling requirements, online advertising and marketing, the advertising of specific products, telemarketing and direct marketing, and finally, regulations relative to environmental marketing (The Official Business Link to the U.S. Government, 2009). The new Obama administration has yet to take a new stand…
Chesbrough, H.W., 2003, Open Innovation: The New Imperative for Creating and Profiting from Technology, Harvard Business Press School, ISBN 1578518377
Fabozzi, F.J., Peterson, P.P., 2003, Financial Management and Analysis, 2nd Edition, John Wiley and Sons, ISBN 0471234842
Kellner, H., Heuberger, F.W., 1994, Hidden Technocrats: The New Class and New Capitalism, Transaction Publishers, ISBN 1560007877
LeClaire, J., 2000, Benefits of Advertising in Any Economy, Sign Industry, http://www.signindustry.com/management/articles/2002-10-31-JL-AdvertInDownEconomy.php3 last accessed on May 5, 2009
Just as Sarbanes-Oxley legislation created significant opportunities for management consultancies, the same holds true for sustainability requirements in European nations.
In conclusion, all management consultancies are attempting to position themselves as trusted advisors to firms looking to stabilizing existing sales while growing into emerging markets. Of the five included in this analysis, all also have social media channels that are well-populated with content meant to convey their thought leadership in specific areas as well. Yet in the area of equating strategies to IT investments, the majority take the approach that more IT spending is potentially the path out of strategies not performing well. Only the Boston Consulting Group takes a more strategic view of systematic change to businesses, choosing to layer in TI after the frameworks have been created. Their legacy strengths in the BCG and Growth/Share Matrices could be the impetus for this approach. Despite that fact, Boston Consulting…
Greiner, L., Motamedi, K., & Jamieson, D.. (2011). New consultant roles and processes in a 24/7 world. Organizational Dynamics, 40(3), 165.
Mors, M.. (2010). Innovation in a global consulting firm: when the problem is too much diversity. Strategic Management Journal, 31(8), 841.
Klaasjan Visscher, & J. Irene A Visscher-Voerman. (2010). Organizational design approaches in management consulting. Management Decision, 48(5), 713-731.
Strategy Formulation: Evaluating Efficiency and Effectiveness
For any business to continued growing over time it must balance the strategic formulation of its business model with the implementation of strategies (Buttner, 2006). There is however, an inherent conflict between strategic formulation on the one hand, or effectiveness, and the implementation of strategies, or efficiency, on the other. As markets change and economic conditions vary by country and region, strategy formulation and implementation are forced to flex or change over time to keep serving customers and generating revenue. The intent of this analysis is to explain how strategic effectiveness becomes more critical the greater the uncertainty there is in a given industry or geographic market. The effectiveness of a business must also be based on a solid foundation of agility and market focus (Dandira, 2011). Efficiency must be increasing in speed and accuracy of execution in highly competitive markets, yet must be…
Bettina Buttner. (2006). Effectiveness vs. Efficiency: Growth-Accelerating Policies in a Model of Growth without Scale Effects. German Economic Review, 7(3), 297-316.
Martin Dandira. (2011). Involvement of implementers: missing element in strategy formulation. Business Strategy Series, 12(1), 30-34
Desposito, J... (2010, October). With iPad Sales Soaring, Are Netbooks Dead? Electronic Design, 58(14), 13.
Meskendahl, S.. (2010). The influence of business strategy on project portfolio management and its success - A conceptual framework. International Journal of Project Management, 28(8), 807.
UK National Environment
In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition is embraced and firms have to become efficient to increase their level of competitiveness. The government only intervene to provide the necessary infrastructure and to ensure that consumers are not exploited by the businesses. Besides, the government will formulate policies that ensure fair competition and collect revenues for the country development agenda. With these, businesses must ensure that they operate within the law and abide by the regulations that are set by the state. Barr Company can therefore conduct business in a competitive industry without government interference on what form of business to do or the amount of prices to charge on their products. The management has large latitude of choice to make on how to produce, what to produce,…
2003. Soft drinks in the UK, London, Euromonitor.
A.G., B.P.L.C. 2012. a.G, Barr plc financial results 2012 [Online]. Available: http://www.agbarr.co.uk/agbarr/newsite/ces_docstore.nsf/wpg/1B9A74B86C552270802579CD00485134/$file/Final%20results%20announcement%20January%202012.pdf .
AGRAA, a. 2007. The European Union: economics and policies (8th ed.), Cambridge, Cambridge University Press.
BOTHA, a. & KOURIE, D. 2008. Coping with continuous change in the business environment:knowledge management and knowledge management technology, Oxford, Chandos Pub.