Strategic Management Reflection Paper
explanatory Essay
1135 words
What I benefit from this course strategy management class is knowing. The strategic management is consisting of the analysis, decisions, and actions an organization undertakes to create and sustain competitive advantages. strategic management analyses. concern with overall objectives, involves multiple stakeholders, incorporates short and long term perspectives, recognizes tradeoffs between effectiveness and efficiency. The strategic management analysis, formulation, and implementation the challenge managers face of both aligning resources to take advantage of existing product markets as well as proactively exploring new opportunities. How operate governance essential to ensuring that the actions of a firm 's management are consistent with …show more content…
In this essay, the author
- Explains the benefits of the course strategy management class, which includes the analysis, decisions, and actions an organization undertakes to create and sustain competitive advantages.
- Explains how governance is essential to ensuring that the actions of a firm's management are consistent with the goals of its shareholders, management and board of directors’ relationship and various stakeholder’s interests are interdependent.
- Explains that internal networkers have little positional power and formal authority, but generate their power through conviction and clarity of their ideas. strategic objectives need to be measured, specific, realistic, and timely.
- Describes the organizational goals used to operationalize the mission statement and that are specific and cover a well-defined time frame.
- Explains the concept of competitive advantage idealistic view of leadership situations in which the leader is the key force determining the organization's success or lack thereof.
- Explains the importance of understanding the strategy implementation, actions made by firms that carry out the formulated strategy, including strategic controls, organizational design, and leadership. environmental perusing, surveillance of a firm's external environment to predict environment changes and detect changes already under way.
- Explains competitive intelligence and situations analysis environmental forecasting, which involves experts' detailed assessments of societal trends, economics, politics, technology, or other dimensions of the external environment.
- Explains that value chain analysis is a strategic analysis of an organization's primary activities, which refer to physical creation of the product or service, its sale and transfer to the buyer, and its service after sale.
- Describes the five types of financial ratios: short-term solvency or liquidity measures, asset management, profitability, and market to value. four perspectives are measured for the balanced scorecard, the customer perspective,
- Explains economies of scale and decreases in cost per unit as absolute output per period increase. product differentiation the degree that a product has strong brand loyalty or customer loyalty.
- Explains the three processes organizations follow to build and leverage human capital. effective collaboration requires overcoming four barriers: the not-invented-here barrier.
Measurable, specific, realistic, and timely. Strategic Objectives a set of organizational goals that are used to operationalize the mission statement and that is specific and cover a well-defined time frame. The Vision organizational goal that suggested powerful and compelling mental images. Mission statement a set of organizational goals that include both the purpose of the organization, its scope of operations, and the basis of …show more content…
That reminded me from the case study the director how to plays round of the company to succeed this Colombian Memorial Hospital. External control view of leadership, situations in which external forces where the leader has limited influence determine the organization 's success. Strategy, the ideas, decisions, and actions that enable a firm to succeed. competitive advantage firm 's resources and capabilities that enable it to overcome the competitive forces in its industries. Operational effectiveness, Performing similar activities better than rivals. Intend strategy, strategy in which organizational decisions are determined only by analysis. Realize strategy, strategy in which organizational decisions are determined by both analysis and unforeseen environmental developments, unanticipated resource limitations, and changes from managerial preferences. Strategy analysis studies of firms ' external and internal environments, and there with organizational vision and goals. Strategy formulation, decisions made by firms regarding investments, commitments, and other aspects of operations that create and sustain competitive advantage. Additionally, understood the strategy implementation, actions made by firms that carry out the formulated strategy, including strategic controls, organizational design, and leadership. environmental
Let Our AI Magic Supercharge Your Grades!
Related
- analytical
- explanatory
- argumentative
- It is useful to begin with some discussion of what we mean by strategy. Strategy is concerned with the achievement of goals; the most efficient and beneficial (to those creating the goals) way of achieving these, while attempting to plan for problems and events that may arise ...
In this essay, the author
- Explains that worked as an ‘economic hitman’ for the consulting firm chas. t. main, inc.
- Explains that this review aims to evaluate and discuss this ‘neo-imperialist’ strategy, both from an extrinsic and intrinsic point of view.
- Explains that strategy is concerned with the achievement of goals, while planning for problems and events that may arise in the process.
- Argues that u.s. imperialism began with a (albeit questionable) philosophical and religious belief; the concept of 'manifest destiny' is popular with many americans during the 1840s. perkins emphasizes the contrasting ethics between the current method and that of the american republic.
- Argues that the ‘neo-imperialist’ u.s. strategy can be evaluated intrinsically, from a point of view which shares the goals of the us government and corporations, and wants them to succeed.
- Analyzes how the strategy depends on the exploitation of raw materials and resources that are finite. given the recent and continuing economic difficulties in the u.s., it is possible that the dollar will never completely regain its status as a safe investment vehicle.
- Argues that this strategy is achieving short-term economic growth for the corporations involved, but questions must be asked about the benefits of this unilateral form of growth.
- Analyzes the failure of those who have devised this strategy to analyse fully the possible consequences from a retrospective point of view.
- Analyzes how perkins paints a convincing picture of the wrongs being perpetrated by the coporatocracy and the consequences for the poor people of those countries.
- Analyzes how perkins offers practical suggestions on how we might change the status quo and arrive at a new, more equitable world situation.
- Opines that perkins has a difficult task in convincing the average person to adopt the lifestyle changes that he suggests, partly because self-centredness is the dominant personal strategy in the western world.
2066 wordsRead More - Tropicana Drops Package Redesignanalytical essayPearce J., & Robinson R. (2009). Strategic management: Formulation implementation and control (11th ed.) New York : McGraw-Hill Irwin.
In this essay, the author
- Explains how tropicana redesigned their packaging and plans to bring back the previous version to attract more customers to buy the product.
- Explains that the source for this article was found on new york times online.
- Analyzes how tropicana changed its design due to customers' complaints. the change in strategy influcenced success outcomes for the company.
- Explains that a company's strategy helps them implement what needed to be changed in order to keep and gain new customers.
- Explains that tropicana used the strategies they needed to gain respect from its customers. the company did not lose all of its sales.
- Explains that tropicana has decided to return to its orginal packaging and symbol of one of the most favorite bands of organge juice.
- Cites pearce j., robinson r. and stuart elliott. strategic management: formulation implementation and control, new york, mcgraw-hill irwin.
1053 wordsRead More - The Effective Role of Leadership in Non Profit Organizationsexplanatory essayStrategic management is a broad concept means “the responsible integration of strategic planning and implementation across an organization in an ongoing way to enhance the fulfillment of mission, meeting of mandates, continuous learning, and sustained creation of public value.” which all need implementation. (Bryson, 25) Strategic management system also called performance management system or result management system. “Many organizations now are building and maintaining an organization-wide strategic management system as a way of fostering greater rationality, coherence, and cost-effectiveness in their strategies and operations.” (Bryson, 319)
In this essay, the author
- Explains that the nonprofit organization needs to develop a good management strategy in order to deliver good results and be successful.
- Defines strategic management as the responsible integration of strategic planning and implementation across an organization in an ongoing way to enhance the fulfillment of mission, meeting of mandates, continuous learning, and sustained creation of public value.
- Explains that strategic management has many purposes, including designing a formal system, budgeting and performance, and using formative evaluations to increase chances of success by adjusting strategies in the phase of implementation.
- Explains the role of the leadership in a strategic management system, which includes observing the organization's fitness in the environment, keeping communication between internal and external audiences, listing agendas for all measures and implementing them as requirement in making decisions.
- Explains that the leadership of nonprofit organizations is divided into two features: management and governance. both have different responsibilities, but must show cooperation and accountability for actions, policies, decisions, and consequences.
- Explains that nonprofit organizations should have a board of directors to settle an effective management that work to fulfill the organizational mission effectively. the relationship between the board and the executive director is important.
- Describes the major components that shape, but not limit, the board responsibilities. the board defines the nonprofit organization and sets the policies and organizational plan.
- Opines that it is better for the board composition to be more diverse and have different values and understandings of the community.
- Explains that the executive director is a board member in some nonprofit organizations and treated as its president or chief executes director.
- Explains that effective leadership has a noticeable impact on creating effective management whether it originated by the board members or executive directors. cooperation is more important than selected organizational position.
1331 wordsRead More - The Link Between Strategic Leadership And Leadership Case Studyexplanatory essay• Strategic management involves both strategy formation, called it content) and also strategy implementation, called it process.
In this essay, the author
- Explains that strategic management is fluid and complex. change creates original combinations of conditions requiring shapeless non-repetitive responses.
- Explains that strategic management involves both strategy formation, called content, and strategy implementation.
- Explains that management is done at several levels: corporate strategy, and individual business strategies.
- Explains that pioneers are influencers for workers and propel representatives to perform well. they utilize their own appeal to impact individuals, helping supporters envision the vision and mission of the association.
- Explains that strategy management is the procedure of indicating an association's goals, creating strategies and arrangements to accomplish these destinations, and apportioning assets in order to execute the arrangements.
- Explains strategic leadership as the process of using well-considered tactics to interconnect a vision for the group or one of its parts.
- Explains that management has arrangement and techniques and focuses on execution of the system, while a pioneer keeps up human asset. administration styles and administration can affect the key choices.
- Explains the leadership style in which the pioneer is a chief and the representatives are the adherents of the choice.
- Explains that bureaucratic pioneers are individuals who take after speculations and techniques entirely. this administration style is best for circumstances where careful principles or formulae are to be taken after.
- Explains that the pioneer utilizes this initiative style to advance trust level inside of the representatives and the leader.
- Explains that the pioneer gives representatives a power to settle on choices all alone, while the entryways of direction are constantly opened for the consultancy. the association should utilize the best initiative style.
1793 wordsRead More - Strategic Management Case Studyanalytical essayThe strategic management process goes beyond a series of regulations to abide by (Kotler & Keller , 2012). It is a philosophical approach to business (Boundless, 2013). The highest level of a firm’s manager must be able to first strategically plan, then put that plan into action. The strategic management process is best achieved when everyone within the firm comprehends the firm’s strategy. Strategic management analyzes the major goals of the firm; it includes abilities and achievements in the firm’s external environments, that a firm’s upper level manages bears for the sake of the firm’s owners (Kotler & Keller , 2012). The strategic management process includes identifying the firms mission, its vision, and the firm’s
In this essay, the author
- Explains that strategic management is a philosophical approach to business. it involves identifying the firm's mission, vision, and objectives.
- Analyzes how thomas disagrees with the other articles by stating that the strategic management process includes six steps instead of five.
- Explains that a firm sets goals to make the firm's vision clear. the goals need to be clearly explained, align with the values that were established in the firms vision statement.
- Analyzes how diane schilder defines the strategic management process as a first phase in creating an accountability system that asks the questions who is the firm. kotler and keller disagree.
- Argues that strait disagrees with kotler and keller on when a firm should set its goals and objectives.
- Explains that jurevicius agrees with schilder that the initial assessment or goal setting phase of the strategic management process is the beginning point at which all executives should begin.
- Explains that analysis is a crucial stage due to the fact that the information that is received during analysis forms the two stages that follow.
- Analyzes how jurevicius explains that during the beginning phase of analysis the firm needs to consider both the internal and external environments as well as begin analyzing its competitors.
- Explains that firms use a swot analysis to establish what the strengths, weaknesses, opportunities, and threats are within the industry.
- Explains that firms are always seeking out fresh opportunities to move forward because when a firm stops growing its competitors can acquire more of the market. fresh opportunities are often viewed as original and arising markets, new business and product developments, and strategic business partnerships that may create larger profits.
- Explains that external threats are critical for a business to understand, therefore, the firm prepares for the threat so that they are ready when
- Explains that giles and williams agree with kolemuller that swot stands for strengths, weaknesses, opportunities, and threats.
- Analyzes how nh strait looks at the swot analysis a bit different from the other authors. s explain that each phase leads into another.
1768 wordsRead More - Strategic Managementexplanatory essayStrategic Management and Planning is a course of decisions and actions which ultimately lead to the development of a strategy to help a company achieve their objectives. Strategic planning focuses on the company’s long term range and how to accomplish what is laid out. Effective planning will help to prevent problems, provide a response if problems occur, and make available information and support needed to maintain public awareness, safety, and confidence.
In this essay, the author
- Explains that strategic management and planning is a course of decisions and actions which ultimately lead to the development of strategy to help the company achieve their objectives. effective planning helps to prevent problems and ensure public awareness, safety, and confidence.
- Explains the baldrige criteria for assessing strategic planning, which is a series of questions that are not routinely asked on how an organization or company can function more efficiently.
- Explains that each university clearly defined their it strategic plans and objectives for their future success, mirroring the baldrige criteria.
- Opines that basic it resources are adequately supported and refreshed in order to carry out research, teaching, learning, and administrative work. seamless, integrated, immediate and continuous self-service access to information and services.
- Explains that the uc-bolder defined their strategic objectives as the following: 1. universally available wireless network including all campus buildings and strategic open common spaces, 2. faculty purchase and renewal program allowing all faculty a significant subsidy for new computers every several years.
- Explains how baldrige concepts ask universities to ensure that they have proper resource allocations for their strategic visions.
- Explains that uc berkeley uses the generic term "resources" throughout their strategic plan; however, they do not specifically allocate their resources like cu-boulder.
- Explains that each university's plan needs to address adapting and evolving with new and emerging technology to stay in accordance with the baldrige criteria. uc berkeley acknowledges how new technology will affect their strategic plan.
- Explains that the baldrige criteria asks the question, "what are your key performance measures or indicators for tracking the achievement and effectiveness of your action plans?"
- Explains that uc berkeley's it plan is more of a description of an end state, not number oriented. both universities don't put enough thought into establishing proper measures of effectiveness.
1036 wordsRead More - The Six Steps Of Acquisition And Supply Chain Managementexplanatory essayStrategic management is the “identification of one or more sustainable competitive advantages a firm has in the markets it serves (or intends to serve), and allocation of resources to exploit them” (Business Dictionary, 2016). In order for industries and organizations to thrive, they must have strategies in place and strategic management processes to stay competitive, profitable, attractive to stakeholders, and to sustain advantages that set them apart from other competitors (Barney & Hesterly, 2015). The strategic management process involves a set of procedures that lead to choosing a strategy that will eventually lead to competitive advantage (Barney & Hesterly, 2015). The six steps of the strategic management process involves defining
In this essay, the author
- Explains that strategic management is the identification of one or more sustainable competitive advantages a firm has in the markets it serves (or intends to serve), and allocation of resources to exploit them.
- Explains that strategic management in the field of marketing is crucial when it comes to executing any marketing strategy.
- Explains that strategic management is a universal concept that can help many different fields with their planning, their mission, and their competitive advantages.
- Explains the importance of strategic management in the field of human resources (hr). it includes employee skills/policies, working environment practices, performance management, and organizational practices.
- Explains that a supply chain helps an industry get consumers what they need or want. acquisition and supply chain management encompasses activities such as contract administration, product procurement and manufacturing, and logistics.
- Explains that strategic management is important for every part of an industry because each part must work together in order to support the whole.
1046 wordsRead More - Company Aanalysis: Starbucksargumentative essayThompson, A., Peteraf, M., Gamble, J., & Strickland III, A. J. (2014). Crafting and executing strategy: The quest for competitive advantage; Concepts and cases. (19th ed.). New York, NY: McGraw-Hill.
In this essay, the author
- Explains that starbucks has become a global coffee brand, revolutionizing the way people perceive and consume their coffee. starbucks offers the widest range of coffee brands in the world.
- Explains that starbucks opened its doors on march 30, 1971 in seattle, washington. the company was started by three students from university of san francisco.
- Explains that starbucks has had numerous challenges, including parodies and infringements by individuals and groups that try to tarnish its name on basis of its social political and legal elements.
- Explains that starbucks' mission statement is to inspire and nurture the human spirit — one person, one cup, and one neighborhood at a time.
- Explains that starbucks is the largest coffee seller and sells other products, including fine pastries, premium tazo® teas, and other delectable products. the company is looking to open 1,000 stores in china as part of its strategic expansion plan.
- Explains that starbucks has been and remains an innovative venture, embracing new technologies, and opening two stores per day for the last 27 years. the company has a strong financial position.
- Explains that the company experiences low employee satisfaction, especially due to low interaction, and has a small product mix.
- Explains that starbucks has huge opportunities to invest in new markets, such as middle east, asia, and africa.
- Explains that starbucks faces stiff competition from large conglomerates like mcdonald's tully’s coffee and dunkin donuts. consumer perception of the company keeps changing with regard to regulations, laws, and ideas.
- Explains that the company should select the markets that it intends to diversify its investment, including short- and long-term investment opportunities and prospects.
- Recommends that starbucks redesign its value chain to include global market, customizable online stores, and mobile applications. its implementation should be coupled with concrete international market analysis.
- Explains how starbucks corp. should improve its business.
- Explains thompson, peteraf, gamble, and strickland iii, eds., crafting and executing strategy: the quest for competitive advantage.
- Analyzes how the company's growth enticed investors to invest in it, leading to an ipo in 1992, which led to expansion in japan and the united kingdom.
- Explains that starbucks' value chain has five components: product development, bean and ingredient selection, product distribution, and distribution.
- Compares the company's gross margin and operating cash flow growth for yoy in 2013 fiscal year. the company meets its short- and long-term obligations and is an impressive company to invest in.
- Opines that starbucks needs to evaluate its value chain and embrace online stores.
- Explains that the company should identify the differences in preferences and belief systems in the global market and identify arenas that can be used to reach out to more customers.
1394 wordsRead More - Strategic Management and Decision Makinganalytical essayStrategy formulation is the process of establishing the firm's mission, goals, and choosing among alternative strategies or plans; it involves and implies that preparing the best approach to respond to the circumstances of a firm's environment, whether or not its conditions are known in advance; being strategic and tactical, then, means being clear about the management's aims; being aware of the company's resources, and incorporating both into being consciously responsive to a dynamic environment (SM, 2010). As nearly all businesses have limited resources, top leaders and management must determine which alternative plans or strategies will do well to the organization most; strategic management requires attention to the big picture and the motivation to adapt to circumstances, and consists of the following aspects:
In this essay, the author
- Explains that strategic management is a disciplined effort or control to make necessary decisions that have an effect on the business or an organization.
- Explains how they carry out situation and competitor analyses with self-evaluation (both internal and external, and in cooperation with micro-environmental and macro-environnemental);
- Explains that business goals are set, and all objectives should be parallel to a time-line. this includes creating vision statements, mission statements and company and business unit strategic and tactical objectives.
- Argues that a significant rule for effective strategic management is practicing tolerance or lenience and open-communication.
- Argues that the most critical organizational component in the course of implementation strategy is the control systems.
- Explains that it allows fewer resources and less time to be devoted to correcting erroneous or special decisions.
- Explains that strategic management is a disciplined endeavor to make fundamental decisions and actions that influence and guide the top management and the executives.
- Explains strategy formulation as the process of establishing the firm's mission, goals, and choosing among alternative strategies or plans. strategic management requires attention to the big picture and the motivation to adapt to circumstances.
- Explains that strategic management can help management focus its energy and ensure that employees are working toward the same objectives. it can also assess and adjust the firm's direction in response to a changing environment.
- Argues that strategic management is an intricate, difficult, and complex route that leads a firm into unfamiliar or new area.
- Explains that strategic management is a continuing process that assesses and controls the business and the trades in which the firm is engaged.
1872 wordsRead More - Good to Great Book Reviewanalytical essayAccording to Wheelen & Hunger, strategic management “is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control” (2004, p2). All eleven good to great companies are benefit from strategic management and gain long term strategic advantage then lead to outperforming compared companies.
In this essay, the author
- Explains how jim collins and his research team searched for companies that performed at or below the general stock market for at least fifteen years, then at a transition point began to pull away from the competition.
- Analyzes how bank of america versus wells fargo is the perfect case shows how the concept works.
- Explains collins, j., don't good to great – why some companies make the leap...and others.
- Explains that all eleven good-to-great companies benefit from strategic management and gain long-term strategic advantage. level 5 leaders embody a paradoxical blend of personal humility and professional will.
- Explains that good-to-great companies do not cover up the bad news, but they create a culture wherein people have tremendous opportunity to be heard.
1710 wordsRead More - Strategic Management at Virginanalytical essayThroughout 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).
In this essay, the author
- Evaluates the suitability of emergent and intended approaches to strategy management for their chosen organisation.
- Explains that strategic management is important in every company, no matter what industry or market they operate in. it is a constant topic under discussion with different schools of theorists.
- Argues that the two main schools of strategic planning are the prescriptive, intended, and emergent approaches. both are debated widely about which is the better approach.
- Explains that virgin's success stems from strategic management and strategic leadership, which is all about organising.
- Explains that virgin holidays was formed using an intended strategy from the development of virgin atlantic. the initial strategic plan was aimed at families looking for a break away from home.
- Explains that virgin media was a planned and incremented strategy from the start. they were able to construct strategic management approaches that would allow better performance in the market.
- Explains that external factors in the environment affect virgin's strategies, and that using a pest analysis, it is made clear how much organisations operating in different environments can have an effect on the strategies of virgin.
- Explains that virgin operates in many different countries, and that the design school approach may not be beneficial in other countries.
- Explains porter's five forces, a model that organisations use to find external factors to outperform the competition and improve productivity. virgin has established strategic alliance and joint venture as one of the reasons they do so well in markets.
- Explains that virgin media makes direct selling an important selling strategy, by sending individuals to houses and getting people to sign up. tata teleservices also sell mobiles in india, emphasising the availability of substitutes.
- Describes andrews' memorandum on the formulation – implementation dichotomy in the concept of corporate strategy.
- Explains that downs, durant, and carr, 2003, emergent strategy development for organisations.
- Describes the four styles of strategy development in long-range planning, 1993.
- Analyzes how mintzberg, h., and j. a. waters, 'tracking strategy in an entrepreneurial firm', academy of management journal, 1982.
- Explains christensen, c. r., andrews, bower, hamermesh, and porter. business policy: text and cases, irwin, homewood,
- Explains rumelt, r. p., "the evolution of business strategy". in w. f. glueck's business policy and strategic management.
- Explains porter, e., and kramer, r. strategy and society: the link between competitive advantage and corporate social responsibility.
- Explains adair, j. effective strategic leadership: the complete guide to strategic management.
- Opines that ansoff, h. i., critique of henry mintzberg's 'the design school: reconsidering the basic premises of strategic management'.
- Explains mason carpenter, g. s., strategic management: concepts and cases, second edition, harlow: south-western pub.
- Describes mintzberg, h., the design school: reconsidering the basic premises of strategic management.
- Explains rees, j., prescriptive strategic planning in the current economic climate and possible alternative approaches.
2066 wordsRead More - Sun Microsystems Inc., Customer Focus Is Their Strategyexplanatory essayStrategic 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.
In this essay, the author
- Explains that strategic management is the ongoing process of ensuring a competitively superior fit between the organization and its ever-changing environment.
- Explains that sun microsystems was incorporated in 1982 and has opened operations in europe, canada, asia, australia, scotland, and latin america.
- Explains that sun's strategic vision, slickest sales representatives, and hottest new products, but not the best service, has made reliability its top priority. sun initiated iforce in 2000.
- Explains the boldest element of mr. mcnealy's plan to offer customers all the software they need to run their e-business in one neat, foolproof package.
- Explains that sun sigma is a companywide initiative that takes on the most pressing challenge of the net economy, quality.
- Describes strategic management as actions that define an organization's mission and objectives, determine the most effective use of its resources, and assure the effectiveness of the organization in an ever-changing environment.
1641 wordsRead More - The Contribution of Strategic Management and Strategic Thinking Processes to Organisational Performanceanalytical essayA strategy, according to Robbins and Barnwell (2002, p. 139) is “the adoption of courses of action and the allocation of resources necessary to achieve the organisation’s goals”.
In this essay, the author
- Describes stowell, s. j., and mead. 'planning to win'.
- Explains that a strategy is the adoption of courses of action and the allocation of resources necessary to achieve the organisation's goals.
- Argues that strategic thinking and strategic planning are interrelated and complementary thought methods.
- Explains that strategic thinking is a core competency, and graetz, hitt, michael. a., ireland, r. duane and hoskisson, robert e
1697 wordsRead More - The Importance Of Strategic Managementexplanatory essayStrategic management is the process where organization managers reach the goals and aspirations of the organization on behalf of its owners. This is done through formulation and implementation of ways and methods to fulfill the organizational goals and objectives (Brian, 2011). This is done with in-depth consideration of both the internal and external environments that the organization operates in, in order to allow the organization make the right decisions. Strategic management is an important element that firms must put together through strategic thinking as well as strategic planning (Nag, R., Hambrick & Chen, 2007).
In this essay, the author
- Explains that strategic management is the process where organization managers reach the goals and aspirations of the organization on behalf of its owners.
- Explains that a firm must plan and relate to industry dynamics, determine its strengths and weaknesses before determining the best way to match and overcome competitors. effective strategic management has special emphasis on leadership, communication, human resource management and methods to track the performance of the strategies.
- Explains strategic scaffolding is a process where strategies are laid down on paper and are closely monitored and compared to their actual execution.
- Explains that strategic scaffolding involves the creation of a composite portrait that comprises of three parts, verbal, numeral and pictorial.
- Explains the importance of the time factor in a strategy scaffolding. it should be time-bound and well elaborated to ensure the goals are achieved as desired.
- Explains that a strategy scaffolding matrix determines the actual assessment and strategic position of the organization.
- Explains persona, where an organization identifies itself, its industry, strengths, weaknesses and general internal abilities, and other organizations who use similar models as self.
- Explains performance, where the organization determines the metrics they use to determine their success or otherwise.
- Explains puzzle, where the firm determines the main complex issues that face the organization and hinders its performance and realization of its goals and objectives.
- Explains that the pattern is divided into three parts, where the managers determine the way forward, how the organization would outcompete their competitors.
- Explains that amazon.com is a global company in the internet and online retailing industry.
- Explains that amazon is the second largest online retailing company in the world, having established its abilities and managed a large client base of over 30 million. their capital base allows them to intensify their research and development to increase their competitive advantage.
- Explains that the company is an online dealer, with most of their business being conducted in the various websites from different companies.
- Opines that amazon faces stiff competition from both small and large firms, especially in the initial years when they enjoyed relative monopoly. since they have adequate capital for research and development, they can still invest in new markets like china.
- Explains that amazon has grown along its initial unusual business plan, which stipulated that the company would not make any profit within the first four years.
- Analyzes how amazon has grown from a national organization to cover the whole world. acquisitions ensure that the firm keeps monopoly, reduces competition, and increases the customer base.
- Opines that amazon.com has differentiated its core business in online retailing. the company has established an effective logistics pattern, which is important in any effective value chain.
- Opines that amazon should develop a clearer composite portrait to guide the workforce all over the world.
- Explains the importance of ensuring that stakeholders are involved in the strategy formulation, either directly or otherwise. poor leadership leads to poor involvement of stakeholders and eventual reduction of cooperation.
- Explains brian's book engage! the complete guide for brands and businesses to build, cultivate, and measure success in the new web, john wiley & sons.
- Explains nag, hambrick, d. c., & chen, m.j. (2007). what is strategic management, really?
- Explains that strategic scaffolding is one of the most effective methods that firms can use to track their strategies.
- Analyzes teather, d., yarrow, j. & kovach, s. (2011). 10 crazy rules that could get you fired from amazon warehouses.
3201 wordsRead More