Business Strategy
ole of Work/Life Programs in Business Strategy
Strategic Analysis
Strategic Implementation
Human esources
Social Costs and Benefits
Work/Life Programs
Dependent Benefits
Working Conditions
Leaves
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 employees to appropriately perform their tasks. The offerings of support provided to the…...
mlaReferences:
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.
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 and Spencer…...
mlaWorks Cited
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
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…...
mlaThe 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:
Prentice-Hall, 1984.
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 company…...
mlaBibliography
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…...
mlaReferences
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,…...
mlaBibliography
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.
Economic Factors
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 a progressive trend in…...
mlaReferences
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.
Ibid
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 riskier than others. Environmental scanning is…...
mlaBibliography
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 .
Business Strategy
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 how the organization makes…...
mlaWorks Cited
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.
Competitor analysis:
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 very easily from…...
mlaReferences
Stone, Brad. (2009). Amazon Video vs. Netflix: Which will prevail? The New York Times.
Retrieved:
http://bits.blogs.nytimes.com/2009/11/04/amazon-video-vs.-netflix-which-will-prevail/
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 action…...
mlaReferences
Mikoluk, K. (2014, January 7). Business Strategy Examples: Four Strategies Businesses Use to Make Money. Retrieved October 11, 2017, from Rumelt, R. (2011). Good strategy/bad strategy – The difference and why it matters. New York, NY: Crown Publishing Group.https://blog.udemy.com/business-strategy-examples/
Reflection on Course ConceptsThis course has involved learning some critical concepts that are applicable to nearly any business setting in todays business environment. Some of the concepts learned in this course include design thinking, building and sustaining an innovation strategy, and organizing and building organization. These concepts relate to todays business environment in terms of their focus on promoting innovation, which is one of the keys to success for modern businesses. Through insights obtained from the concepts, the course has essentially prepared me to develop the necessary skills to drive critical business decisions and develop successful business strategies. I believe that the course has equipped me with knowledge and skills that would help me shape critical business decisions and strategies in my workplace.Most Compelling ConceptsOne of the most compelling concepts from this course is design thinking, which is an iterative process that seeks to understand users and redefine problems through…...
mlaReferences
Banholzer, M., Metzeler, F. & Roth, E. (2019). Fielding high-performing innovation teams. Retrieved December 22, 2021, from https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/fielding-high-performing-innovation-teams
Comella-Dorda, S., Garg, L., Thareja, S. & Vasquez-McCall, B. (2020). Revisiting agile teams after an abrupt shift to remote. Retrieved December 22, 2021, from https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/revisiting-agile-teams-after-an-abrupt-shift-to-remote
Comella-Dorda, S., Handscomb, C. & Zaidi, A. (2020). Agility to action: Operationalizing a value-driven agile blueprint. Retrieved December 22, 2021, from https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/agility-to-action-operationalizing-a-value-driven-agile-blueprint
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 frozen, microwaveable…...
mlaReferences
Castka, P., Bamber, C., Sharp, J. (2005). Implementing Effective Corporate SocialResponsibility and Corporate Governance: A Framework. UK: British Standards Institution.Jefferys, D. (2001). The regulation of medical devices and the role of the MedicalDevices 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 area of…...
mlaReferences
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 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.htmlhttps://research-methodology.net/apple-business-strategy/
Executive Summary
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 has followed…...
mlaReferences
About us. (2017). Country Joe’s Sporting Goods and More, Inc.. Retrieved from 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 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.http://www.countryjoe.com/shop/en/about-us.
1. An In-depth Analysis of Apple Inc: A Leading Technology Company
2. Examining the Success Factors of Amazon: A Retail and Technology Giant
3. Company Analysis: The Business Strategy of Coca-Cola
4. A Comprehensive Review of Tesla Motors: Innovation in the Electric Vehicle Industry
5. Analyzing the Growth Strategies of Google: A Dominant Player in the Tech Industry
6. Uncovering the Success Story of Walmart: A Retail Giant's Business Model
7. Company Analysis: Understanding the Marketing Strategies of Nike
8. Exploring the Financial Performance of Microsoft Corporation
9. Case Study on Starbucks Corporation: A Coffee Company's Global Expansion
10. The Evolution of McDonald's Corporation: A Fast Food Empire's Business....
Comprehensive Company Analysis: A Deep Dive into Corporate Performance
Assessing Company Performance: A Critical Evaluation of Financial and Operational Metrics
Unveiling Value: An In-Depth Examination of Company Strategy and Competitive Landscape
Decoding Corporate Success: An Analysis of Company Culture, Leadership, and Innovation
The Anatomy of a Resilient Enterprise: An Examination of Company Adaptability and Risk Management
Exploring the Interplay of Technology and Innovation: A Case Study of Company Transformation
Sustainable Growth Strategies: An Analysis of Company Initiatives to Balance Profit and Purpose
Benchmarking Company Performance: Identifying Best Practices and Areas for Improvement
Navigating Industry Disruptions: An Examination of Company Response and Adaptation
The Art of Business Strategy: A Comprehensive....
Continuous Enhancement of the Customer Operations Manager RoleIn the rapidly evolving business landscape, customer operations managers play a pivotal role in driving customer satisfaction, loyalty, and profitability. To stay ahead of the curve and continuously enhance their title and role, these professionals must embrace a multifaceted approach encompassing strategic initiatives, operational excellence, and professional development.1. Align with Business Strategy:Customer operations managers must have a deep understanding of the company's overall business strategy and how it aligns with customer experience (CX) goals. By connecting customer data and insights to strategic objectives, they can prioritize CX initiatives that drive business value.2. Optimize....
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