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Drivers for strategy implementation
The drivers of strategy implementation
The nature of strategy implementation
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The strategic team continues to work harder to design an effective strategy for global expansion for the company, more ideas, opinions, and suggestions from management to enhance and foster effective strategy (Winters, 2015).
The easy will identify some considerations that needs to be aware for the business to remain competitive in China market, explain based on research and evaluation conducted if there is a chance for the business to be able to compete in China market, explain primary factor that led to the decision, analyze to someone who will dispute the position with position, and explain future modality and plans on evaluating the global marketplace respectively (Winters, 2015). Consideration to be aware to remain competitive
It is critical for the organization to understand that
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Competing on the market
Analyzing data and information available to the strategic team from research, the company will have a chance of to compete in the China furniture market if the approach lay down on the global strategic plan are effectively implemented. Joint venture methodology as explained in the strategy is a critical in Chinese market, therefore taking the recommendation through joint venture with local furniture company or collaborating with a leading furniture company on the market is essential for market competitiveness for the company. What primary factor led to the
This paper will further address: For strategic drive to be successful on both levels, each level should begin to have an understanding of why things are done in certain ways and how their work impacts others within their system; Organizations need motivators to improve strategic direction of the system; and Performance towards strategic ...
The Han dynasty: The Han dynasty was one of the longest of China’s major dynasties. In terms of power and prestige, the Han dynasty is the East rivaled it’s almost contemporary Roman Empire in the West, it lasted a span of four centuries and was considered a golden age in Chinese history, especially in arts, politics, and technology.
Moreover, Ansoff suggested some main direction that companies should follow to develop market and product conditions. The market development and differentiation strategies suggest that in order to increase sales, WRSX have to offer their services in new developing markets such as China or India. The strategy for market development gives the opportunity to expand their service in order to attract competitors' clients and to expand in unreached markets (Barry, Witcher and Chau, 2010). Potential solution could be acquisition of UK agency competitor to assist WRSX to enter new market quicker and smoother go through the barriers of entry such as government regulations and different culture.
a car following Jack. Jack went to the Ventanna Nuclear Power Plant to hide from
Arthur, A., Thompson, Margaret, A., Peteraf, John, E. Gamble, A., J., Strickland III. (2014). Crafting & Executing Strategy: The Quest for Competitive Advantage 19e: Concepts & Cases. C6-C25.
Strategic management is the ongoing process of ensuring a competitively superior fit between the organization and its ever-changing environment (Kreitner, G13). Strategic management serves as the competitive edge for the entire management process. It effectively blends strategic planning, implementation, and control. Organizations that are guided by a coherent strategic framework tend to execute even the smallest details of their mission in a coordinated fashion. The strategic management process includes the formulation of a strategy/strategic plans, implementation of the strategy, and strategic control. A clear statement of the organizational mission serves as the focal point for the entire planning process. People inside and outside the organization are given a general idea of why the organization exists and where it is headed. Working from the mission statement, management formulates the organization's strategy, a general explanation of how the organization's mission is to be accomplished. Then general intentions are translated into more concrete and measurable plans, policies, and budget allocations. Implementation is the most important part of the strategy. Strategic plans must be filtered down to lower levels to be success. Strategic plans can go astray, but a formal control system helps keep strategic plans on track. In the strategic management process general managers who adopt a strategic management perspective appreciate that strategic plans require updating and fine-tuning as conditions change. Given today's competitive pressures, management cannot afford to let strategic plans sit as is. A strategic orientation encourages farsightedness. Sun Microsystems Inc. is one company that developed a strategy to become the competitive leader and become the most reliable in the net business. I will explain how Sun's strategy integrates their marketing, management, technology, and service functions into one effective strategy. First I'll discuss who Sun is and what encouraged them to develop their strategy.
Thompson, A. A., Strickland, A. J., & Gamble, J. E. (2008). Crafting & executing strategy: The quest for competitive advantage (16th ed.). New York: McGraw-Hill Irwin.
Throughout the global economic environment the desire to out-perform the competition is always present. In every situation, the companies who do better are the ones with superior strategy (Rothaermel, 2013). Strategic management is therefore important in every company, no matter what industry or market they operate in; and as stated by M. Carpenter and G. Sanders, 2013, is described as "The process by which a firm manages the formulation and implementation of its strategy". Strategic management is a constant topic under discussion with different schools of theorists with different beliefs and attitudes which is described as "A tense array of disagreement" (Rees, 2012).
Internationalization Phase, during this phase Chinese companies focused on ‘building brand, localization of products and services for new markets, and differentiation of products to support higher margins’ they did what was ‘good enough’ for the market (Teagarden & Cai, 2009:78). An important issue during this phase was to research and develop the products, and to keep the key talent of the company, such as managers and engineers.
In addition, this evolution is not only shows on top management, but also reveals on all level of participators in the organization. They contribute to scan the environment for vital information, advise innovations to future plans and projects to take advantage of environment changes, and cooperate with others to constantly enhance work methods and processes. The company needs to make appropriate shifts through strategic management because of current dynamic and complex environment. As a result, strategic management is an evolution and a destination.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but as well in its foreign affairs. Compared with other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership had experienced unprecedented changes. Entirely, non-state-owned companies can now be more involved in sectors that used to be monopolized by state-owned companies.
Mandarin Oriental Hotel Group is a luxury hotel line which owns and manages hotels and residences (linkedin.com, n.d.). They currently have 45 hotels and 15 residences and are steadily continuing to grow (Mandarinoriental.com, n.d.).
There is never room for an "I can't" attitude. Striving for the best is the true meaning of excellence. One can set high standards for work, by putting 100% into every task. By putting forth the best effort, only the best results can be produced. By challenging ourselves in areas of weakness, self-improvement is sure to follow. Than the strategic leadership provides also, the vision and direction for the growth and performance of the team. Our team leader has the skills and tools for strategic formation and implementation of our team practice and successfully deals with all necessary changes. Our leader provides sense of direction, but also builds ownership and alignment within the team. Getting team members to think in the right direction, with the ability to learn and adapt at the same time, helps to ensure the strategy will deliver what it set out to achieve. This way of thinking, balances a focused analytical perspective, with the dimension of strategy making. These practices, coupled with a commitment of management to engage in a strategy dialogue, will lay the foundation for building a winning team that can define, connect, adjust and adapt strategy quickly and thereby influence
Strategic implementation is a critical factor when making decisions regarding issues that affect the vision, mission, or objectives of an organization. Strategies are often implemented in accordance to the culture of the organization, the nature of control systems, the stakeholders, and the nature of the organizational design. In order to achieve success in the implementation of strategies, the structure of these factors must work in coordination with one another. For instance, the strategic vision of CPK lies in the creation of a globally recognized brand name and therefore, all of the goals and objectives of CPK must be directed in realizing that the company achieves this objective (California Pizza Kitchen 2011). Furthermore, the vision statement is inclusive in itself in that it communicates the message in a directional, flexible, and focused manner.
I would recommend the continual implementation of the current strategy. The strategy is working and there is no reason to deviate from it. The company has been very successful in expanding its operations in other countries. I would recommend that the company continue to do that. I would also recommend spending extra resources in the development of new products to keep a competitive advantage over other competitions. The competition is only going to rise because the market has not reached saturation yet. In order to stay ahead of the competition, the company needs to keep researching new products, and stay in sync with the ever changing technology.