Since he has already come up with the idea for a fixed tax, he must now take steps to implement it successfully. One method of achieving this is first to gain the following of his Merrymen in acceptance of the tax. They must be able to demonstrate to the farmers, townspeople and even the barons why a fixed transit tax is necessary to their ultimate goal of freeing King Richard. He must be able to demonstrate how and why the positive factors of the tax outweigh the negative ones, and show a direct relationship between the tax and the freedom of the King.
New Vision for Robin Hood and the Merrymen
Therefore, Robin Hood and the Merrymen need a new strategy, as defined above, to accomplish their mission. Their mission is to free King Richard through the implementation of a fixed transit tax that will keep the Merrymen's organization stable in Sherwood Forest until the ransom is collected. Theirs is a typical mission statement; one that provides a brief overview of the organization's present business purpose, geographic standing and market leader. However, as Thompson et.al (2005) points out, company mission statements almost never say anything about where the company is headed, the anticipated changes in its business, or its aspirations. This is the reason why Robin Hood and the Merrymen need a new vision to go with their new management strategy. In the course of deciding "who we are and where we are going," many companies also come up with a statement of values to guide the company's pursuit of its vision (Thompson,...
Alen Badal (2005) then promotes the belief that it is imperative for the success of a modern day manager that he be able to understand and implement interdisciplinary thinking in order to enhance the quality of an organizational strategy, and as such the success rates of the entire organization. These three studies, alongside with several others, will constitute the literary background, as well as the starting point and the
My skills must be in line not just with my current position, but with the position in which I hope to find myself next. I will also seek opportunities to learn from experts within my own company. The second component is that I wish to develop a strong competency in technology. The role of information technology in modern management continues to increase and I will seek to develop a
Therefore, they use strict evaluation criteria to make choice among different alternatives. Keeping in view the strength of customers' bargaining power, Toyota and other automakers are expending huge amounts on advertisements and promotional campaigns to create awareness about their brands and convince these customers to prefer them over all other brands (Jenny & Scammon, 2010). 5. Internal Environmental Analysis for Toyota Motor Corporation 5.1. The Resources Types: Like other types of business
Strategic Management Facebook Strategic Management Mission and Vision Statement against Organizational Performance Evaluation of Strategic Goals Financial Performance of the Organization Competitive and Market Analysis Corporate Strategy to Maximize Return to Shareholders Mergers or Acquisitions as a Viable Strategy Employee Motivational Techniques Organizational Existing Strategies' Support to Business Ethics The world of commerce in the twenty fist century has changed, indeed revolutionized in terms of doing business and making money. The technological innovations and advancement has left an indelible imprint
In the context of many organizations their cultures act as the central reference point for everything from how meetings are held to how people are spoken to, and certainly influence the level of innovation achieved (Markides, 2004). Cultures then can be either constraints or catalysts of growth for any company. It is in how they are defined that makes the difference. For any strategy to be effective however it must
Strategic Management at McDonald's McDonald's Strategic Management Strategic Management at McDonald's Strategic Management at McDonald's McDonald's: Introduction Organizational Structure and Corporate Governance Industry Sector Analysis Michael Porter's Five Forces Model Key conditions in the External Operating Environment of McDonald's and its Industry The Value Proposition on McDonald's Products Financial Performance SWOT Analysis for McDonald's TOWS Matrix for Alternative Strategies BCG Growth Share Matrix for McDonald's Marketing, Financial, and Research & Development Strategies McDonald's Leadership Joint Ventures, Strategic Alliances, and Partnerships Performance Measurement Methods and Benchmarks Recommendations References Table of Contents Sr.
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