Management Strategy
The document states the plan of an organization in different phases. For each phase there will be a different management strategy. The document has described the management strategy and the effects that they will have on the performance of the business and why that particular management strategy has been chosen.
Management structure needs to be examined carefully when a new business venture is setup. In order to develop and build on the business plan a compact management structure is necessary. The managers are the people who are responsible for steering an organization towards achieving the business objectives. In the second phase the business plan will be implemented on the basis of geographical region and the management structure will be based accordingly.
The four key functions of management are planning, organizing, leading and controlling the business. The type of managers which are selected for the business venture must be appointed according to…...
mlaReferences:
Gomez-Mejia, Luis R.; David B. Balkin and Robert L. Cardy (2008). Management: People, Performance, Change, 3rd edition. New York, New York USA: McGraw-Hill. pp. 19.
Kleiman, Lawrence S. (2010). " Management and Executive Development" Reference for Business: Encyclopedia of Business
Manfred F.R. Kets de Vries (2003). The Dark Side of Leadership - Business Strategy Review 14(3), Autumn Page 26
Richard Barrett (2003). Vocational Business: Training, Developing and Motivating People, - Business & Economics - 2003. - Page 51
Strategy Management: 'Strategic Planning
Management
Strategy Management
'Strategic Planning"
The purpose of this work is to explain in a precise manner several elements that strategic planning is inclusive of and further to tell how the planner should properly perform a strengths and weaknesses through the SWOT model and determine the impact of the findings which is what is given consideration for planning. Further to distinguish this from long-range planning and financial-planning as well as to discuss the relationship between mission statements, planned change, and unplanned change with use of illustrations and finally having confirmed to conclude.
Strategic planning can be stated as the evaluation of the internal and external environment of the organization and deducing the necessary adjustments based on findings focused on the future goals. There are several "essential steps in the strategic planning process. The steps begin with what is termed:
The identification of the vision and mission of the organization is essential in…...
mlaBibliography:
Hax, A.C. & Majluf, N.S. (1991). The Strategy Concept and Process, A Pragmatic Approach. Upper Saddle River, NJ: Prentice Hall.
Hax, A.C. & Majluf, N.S. (1996). The Strategy Concept and Process, A Pragmatic Approach. Upper Saddle River, NJ: Prentice Hall.
Hill, C.W. & Jones, G.R. (1992). Strategic Management: An Integrated Approach. Boston, MA: Houghton Mifflin Company.
Munitz, Barry. Chancellor, CSU. (February 1, 1995). Presentation at CSUN: Trends in Higher Education. Northridge, CA.
Let's say the original company will usually take a primarily leadership dominated approach to its business organization, allowing its employees to have many freedoms and responsibilities. The merging company, however, has a motivation approach that places more emphasis on management and incentives. In order to ensure that both performance and job satisfaction remain high for all employees in the newly merged corporation, steps will have to be taken to implement both styles of motivation.
Thus, according to the theory of Covey, a management approach will have to have a strategy that lays out goals and incentives for those employees who prefer this style of management. However, within this structure opportunities for leadership will be created. For example, one motivational incentive could be more independence for the employee. In other words, in order to get the newly merged company efficiently operating quickly, the business managers will best be served by trusting…...
mlaBibliography
Covey, Stephen M.R. The Speed of Trust the One Thing that Changes Everything. New York: Free Press, 2006.
Management Strategy
Identify four factors that affect whether an industry does or does not present a company with a good business opportunity?
The business environment has become highly complex and challenging for firms due to various macro-environmental factors. These factors directly impact the operational and financial performance of firms in one way or another (Sharp, Bergh, & Li, 2013). The economic, political, legal, social, cultural, competitive, and technological forces collectively form the external business environment for business organizations (Hill & Jones, 2010). However, the four leading factors that drive the performance of organizations whether their industry does or does not present them with good business opportunities include: globalization, technological advancements, consumer behavior, and competitive intensity (Thompson, Peteraf, Gamble, Strickland, 2013).
Globalization:
Globalization has a significant influence on the performance of local and international firms operating in a country. Now firms not only have to compete with their domestic competitors, but also with the multinational…...
mlaReferences
Batra, S.K., & Kazmi, S.H. (2008). Consumer Behavior: Text and Cases, 2nd Edition. New Delhi: Excel Books.
Hill, C.W., & Jones, G.R. (2010). Strategic Management Theory: An Integrated Approach, 9th Edition. Boston, MA: Houghton Mifflin.
Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2013). Strategic Management: Competitiveness & Globalization - Concepts, 10th Edition. Mason, OH: South-Western.
Johnson, G., Scholes, K., Whittington, R., & Pyle, S. (2011). Exploring Corporate Strategy: Text and Cases, 9th Edition. Harlow: Prentice Hall.
Management Strategy
Apple Inc. -- Management Strategy
Vision, Mission, and SMART Objectives
Vision
SMART Analysis
Strategy Implementation
Management Strategy
Apple Inc. has had a long history of reinventing itself. The first Apple computers were built in a garage without any type of case, monitor, or keyboard. Despite these modest origins, there was still demand for Apple grew exponentially. It wasn't long before Apple introduced the trademark Macintosh and then the Mac OS X which revolutionized the company. It was also at this time also dedicated much of the company's resources to aesthetics and further developing the Apple brand image through distinctive designs and intuitive features. This dedication to user friendly designs created generations of loyal customers who have fully embraced the Apple brand and champion the Apple products. The digital hub strategy which was responsible for the iPod, iPhone, and iPad completely revolutionized the industry. Make no mistake, Apple's competitive advantage is due to their ability to…...
mlaWorks Cited
HP, 2012. A Creative Outlet for Mac's Digital Hub. [Online]
Available at: http://h41140.www4.hp.com/mac_connect/pdf/hp_mac_background.pdf
[Accessed 11 February 2012].
Meyer, D., 2011. Can Apple Redeem Itself on Supply Chain Sustainability? Taking a Cue on Accountability from Nike's Playbook. [Online]
This particular strategy is helpful because mental models and mindsets typically present barriers to effective change implementation by virtue of their tacit or unconscious nature and the degree to which they are responsible for biases and expectations that may conflict with the proposed changes (Duffy, 2009).
More specifically, the organizational layout of this strategy would consist of management representatives scheduling appropriate presentations capable of providing an introduction to mental model and mindset concepts. Meanwhile, the informal elements of this approach might include impromptu supplementation of parallel ideas by unit supervisors to their subordinates to tailor the conceptual framework to the particular potential questions, concerns, and potential problems that individual employees might anticipate in connection with the proposed changes. Ideally, by the time that actual change implementation is initiated, the individual employees should already be more receptive to considering the potential benefits of those proposed changes by virtue of the combination…...
mlaReferences
Duffy, F.M. "Paradigms, Mental Models, and Mindsets: Triple Barriers to Transformational Change in School Systems: PART 1." International Journal of Educational Leadership Preparation, Vol. 4, No. 3 (July - September, 2009).
MacDonald, J. "Daring to be Different: How Differentiation Strategies Help Determine
the Educational Success and Fiscal Health of International Schools." Journal of Research in International Education, Vol. 6, No. 2 (2007): 151 -- 169.
Diversity as a Management Strategy for Organizations: A view through the Lenses of Chaos and Quantum Theories, are relevant to the field of a Nurse practitioner. Especially salient, is the idea that for an organization to be successful it must be able to learn through diversity in a chaotic world. A concept that is equally salient is that organizations are not merely a collection of roles completing a task; they are dynamic connections that are ever-changing with changing relationships (McDaniel & Walls, 1997). These two points concerning diversity in organizations can be applied to a practice in regards to both managerial aspects as well as patient relationships.
Constant innovation and learning are key in the world of science and medicine, and according to McDaniel and Walls (1997) the only way for an organization to progress is to through diversity. They say that "Workforce diversity creates tensions and pushes and pulls…...
mlaReferences
McDaniel, R.R., & Walls, M.E. (1997). Diversity as a Management Strategy for Organizations. A View Through the Lenses of Chaos and Quantum Theories. Journal of Management Inquiry, 6(4), 363-375.
(Quick MBA, 2004)
Q4. Choose any 3 leaders and discuss the actions that they took or their personal characteristic that you think influenced firm's strategy.
Sam alton's desire to offer the best prices, all the time at his al-Mart, rather than high-low pricing like K-mart's Edward Lampert that requires printing costly circulars and newspaper ads to advertise special deals, indicate alton's revolutionary de-emphasizing of marketing specific products as inexpensive in contrast to Lampert's stress on making consumers think they got a special deal as an incentive. (Haber, "It's a Lean Operation," 2003)
However, within the K-Mart empire, ironically, Martha Stewart has deployed an effective branding strategy of her aspy image of good living, combined with quality products, that have resulted in continued product loyalty, despite her financial woes.
Q5. Discuss corporerate governance.
Reach, competitive contact, managing businesses and business advantages, management practices and activities are all under the realm of this form of governance.…...
mlaWorks Cited
Consumer Psychologist (2004) "DISTRIBUTION: Firm, Brand, and Product Line Objectives." Retrieved on September 13, 2004 at http://www.consumerpsychologist.com/distribution.htm
Haber, Gary. (May 7, 2003) "Kmart hopes pricing, brand names work: It's a lean operation leaving bankruptcy." Detroit Free Press. Retrieved on September 12, 2004. http://www.freep.com/money/business/kbox7_20030507.htm
Pavilion, Corwin. (April 12, 2004) "Wal-Mart: Template for 21st Century Capitalism?" Retrieved on September 13, 2004 http://www.ihc.ucsb.edu/walmart/
Retail Forward. (2004) "Distribution Channels Strategy." Retail Forward Website. Retrieved on September 13, 2004 at http://www.retailforward.com/freecontent/distributionchannels.asp
The product's perishibility makes the supply chain area of fulfillment critical. Using a regional distribution center strategy and working with retailers, independent chains and mass merchandisers to achieve at least two inventory turns a month, inventory and forecast optimization strategies need to be put into place to alleviate the additional costs of distribution there will be Vendor Managed Inventory (VMI) programs in place for the mass merchandisers and stock balancing with only the largest mass merchandisers. In addition, the use of marketing co-op funds and a market development funds program to support smaller retailers and stores selling the cards on their own, reimbursing them for advertising will be produced. This will operate in much the same was as the marketing co-op program at Intel called Intel Inside, which reimburses resellers for their pre-approved marketing expenses.
The overarching goal of the multi-channel management strategy needs to be focused on how to…...
mlaReferences
Katie Hollar. (2001, September). Hallmark in talks with Wal-Mart about line of cards. The Business Journal, 19(53), 3
Hyun-Hwa Lee, & Jihyun Kim. (2009). Gift shopping behavior in a multichannel retail environment: The role of personal purchase experiences. International Journal of Retail & Distribution Management, 37(5), 420-439.
Vreeland, C. (2009, October). Back in the Race. Candy Industry, 174(10), 35-36, 38-39.
Contracting officers today must have the skills or competencies required to become the business leaders of the future (Steele 2000)."
An article found in the ABA Banking Journal asserts that Chief Information Officers are interested in it outsourcing because companies are able to acquire it skill sets that may not be present at the internal level. In this article Siemers (1995), explains that One of the reasons CIOs believe that outsourcing is extremely important is the ability to supplement the existing it skill set, still characterized by the legacy environment, with the latest expertise in enabling technologies that provides direct benefits to the business...Staying current with the changes in technology, even as a person's sole responsibility in an organization, is extremely difficult. Therefore, the emphasis on strategic planning and partnering with a vendor well versed in high-technology is more crucial than ever (Siemers, 1995),."
As you can see, the acquisition of…...
mlaReferences
Acquisition: AT&T to Acquire IBM's Global Network Business for $5 Billion. Companies Also Sign Series of Outsourcing Contracts - Company Business and Marketing EDGE, on & About at&T, (Dec 14, 1998) Retrieved January 2, 2005 from; http://findarticles.com/p/articles/mi_m0UNZ/is_1998_Dec_14/ai_53443918
Systems Management Specialists Former Management Leads Acquisition of Classical it Outsourcing Firm Business Wire, Feb 14, 2003. Retrieved January 2, 2005 from; http://findarticles.com/p/articles/mi_m0EIN/is_2003_Feb_14/ai_97669472
http://www.questia.com/PM.qst?a=o&d=95812738
Alpar, P., & Saharia, a.N. (1995). Outsourcing Information System Functions: an Organization Economics Perspective. Journal of Organizational Computing, 5(3), 197-217. http://www.questia.com/PM.qst?a=o&d=5001347813
Further research opportunities will be addressed after literature review. The application of various techniques and practices will be identified and reviewed. The case study review will enable to develop a theoretic and conceptual model. The activity of formulating the theoretic framework will start along with the case study and it will be concluded at the end of 6th month. The recommendations for applicability and validity of the model will be next activity. The research will be analyzed and validated. The research results will be concluded and presented in the study report. Following chart provides a vivid view of the activities and required time.
Duration in Months
No
Activities
1
2
3
4
5
6
7
8
9
10
11
12
1
Planning
2
Literature eview
3
Identify Further esearch Opportunities
4
Identify Current Applications
5
Case Study
6
Theoretic and Conceptual model development
7
ecommendations for Model
12
Organizing esearch findings
13
esearch Analysis
14
Assessing esults of research
15
Concluding the esearch
eferences:
Flick, U. (2011). Introducing research methodology: A beginner's guide to doing a research project. USA: SAGE Publications Limited.
Kerzner, H.. (2013). Project management: a systems…...
mlaReferences:
Flick, U. (2011). Introducing research methodology: A beginner's guide to doing a research project. USA: SAGE Publications Limited.
Kerzner, H.R. (2013). Project management: a systems approach to planning, scheduling, and controlling. USA: John Wiley & Sons Inc.
Krueger, R.A. (2009). Focus groups: A practical guide for applied research. USA: Sage.
Miller, R.E., & Lessard, D. (Eds.). (2000). The strategic management of large engineering projects: shaping institutions, risks and governance. USA: The MIT Press.
Boldly Go Case Study AnalysisIntroductionProvidence Healthcare is exposed to a number of risks that could negatively affect its ability to deliver quality consistent care to its patients. These risks range from financial instability to the need for improved patient flow and resistance to change. Addressing these risks requires a comprehensive risk management approach. This paper discusses these risks, how a risk management approach should be developed to address them, and what the best ways to manage them are likely to be.isksThe Providence Healthcare facility faces a number of risks. These include financial instability, potential cutbacks and layoffs, poor patient flow, poor productivity, resistance to change, lack of stakeholder engagement, lack of sustainable positive change, a possible over-reliance on Walsh as a leader, and the risk of failing to meet strategic goals (Weil & eddin, 2017). For instance, in 2008, the global financial crisis along with growing financial pressure in Ontario\\\'s…...
mlaReferencesAni, N. C., & Ugwuanyi, U. B. (2023). Diversified Income Sources and Wealth of Shareholders of Insurance Firms in Nigeria. Global Journal of Finance and Business Review| ISSN, 1694, 450X.Ellram, L. M., & Tate, W. L. (2021). Cost avoidance: Not everything that counts is counted. Journal of Business Logistics, 42(4), 406-427.Weil, M., & Reddin, C. P. (2017). Boldly Go: Character Drives Leadership at Providence Healthcare. In Leadership in Practice (pp. 188-202). Routledge.
Essay Topic Examples
1. Adapting to Cultural Diversity: Disney's Global ark Strategies
This essay would explore how Disney World tailors its management strategies to accommodate diverse cultural preferences and practices across its international parks. It would involve an in-depth look at how the company navigates cultural nuances, adjusts its entertainment offerings, and trains its staff to effectively manage a global brand while maintaining local relevance.
2. The Expansion of the Disney Brand: Success and Challenges in New Markets
The focus would be on Disney World's strategies in entering new markets, the criteria used to select new locations for parks, and the operational, financial, and marketing challenges faced during the process. The essay could analyze case studies of both successful expansions, such as in Tokyo and aris, and setbacks as experienced in other locales.
3. Economic Impact of Disney arks on Global Tourism
Here, the essay would examine the broad economic implications of Disney parks on the…...
mlaPrimary Sources
Disney, Walt E. \"Annual Report to Shareholders.\" The Walt Disney Company, 2022.
Iger, Robert A. \"The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company.\" Random House, 2019.Walt Disney Company. \"The Walt Disney Company\'s Environmental Sustainability Report.\" The Walt Disney Company, 2021.Chapek, Bob. “Global Expansion Strategies of Walt Disney Parks and Resorts.” Global Conference on Business and Economics, 2021.Walt Disney Company. \"The Walt Disney Company\'s International Business Strategy.\" U.S. Securities and Exchange Commission Form 10-K, 2022.
isk Management of Terrorism in the UK
The issue of designing a risk management strategy for terrorism in the UK is dependent upon understanding and identifying the commensurate risks attendant with the various extremists groups that are perceived as threats to the UK's safety and infrastructural stability. Challenges include adopting an intelligence and surveillance system, educating the public regarding attendant trouble spots (such as retaliatory violence and discrimination as well as purpose of surveillance) and adopting a position in the global network that facilitates the overall mitigation of threats. The benefits are evident in control and prevention results and good practice recommendations are provided in the conclusion. This study gives a contextual assessment of the risks facing the UK, analyzes the components of risk management that can be utilized to alleviate these risks, defines the term "terror," examines the historical challenges that coincide with these components, and discusses the benefits of…...
mlaReferences
Ciftci, S. (2012). Islamophobia and threat perceptions: Explaining anti-Muslim
sentiment in the West. Journal of Muslim Minority Affairs, 32(3): 292-309.
Forst, B., Greene, J., Lynch, J. (2011). Criminologists on Terrorism and Homeland
Security. UK: Cambridge University Press.
Prevention and Management of Ventilator-Associated Pneumonia in the Hospitals
Ventilator-associated pneumonia is an infection in the airways that develops more than 48 hours after a patient is intubated. While the prevention and management of pneumonia of any kind is considered as a commendable objective, it is characterized with several concerns given the significant effect of pneumonia linked to ventilator use. Ventilator-associated pneumonia has attracted considerable concern in the recent past because it has become the leading cause of death among infections acquired in the hospital. Actually, the rates of deaths from ventilator-associated pneumonia have exceeded those associated with central line infections, respiratory tract infections, and serious sepsis in the non-intubated patient ("Preventing Healthcare and Community Associated Infections," n.d.). It is increasingly likely that the most concerning aspect of ventilator-associated pneumonia is the high associated mortality (Kalanuria, Zai & Mirski, 2014). Consequently, several peer reviewed studies have been carried out to help…...
mlaReferences
Junega et. al. (2011, May). Prevention and Management of Ventilator-Associated Pneumonia: A
Survey on Current Practices by Intensivists Practicing in the Indian Subcontinent. Indian Journal of Anaesthesia, 55(2), 122-128.
Kalanuria, A.A., Zai, W. & Mirski, M. (2014). Ventilator-Associated Pneumonia in the ICU.
Critical Care, 18(208). Retrieved from http://ccforum.com/content/18/2/208
1. A case study on the impact of social media on consumer behavior
2. Analyzing the success factors of a popular brand through a case study
3. Exploring the ethical implications of a controversial business decision in a case study
4. Evaluating the effectiveness of a company's marketing strategy based on a case study
5. Investigating the challenges faced by a startup company in a case study
6. Examining the role of leadership in organizational change through a case study
7. Analyzing the impact of globalization on a specific industry in a case study
8. Discussing the implications of a major data breach on a company's reputation....
1. Evaluating the Impact of Simulated Scenarios on Sony Corporation's Key Metrics
This title clearly conveys the purpose of the essay, which is to assess the impact of simulated scenarios on Sony Corporation's key metrics. It is concise, specific, and informative.
2. The Role of Simulation in Assessing Sony Corporation's Business Performance
This title highlights the importance of simulation as a tool for evaluating business performance. It suggests that the essay will explore how Sony Corporation can use simulation to identify and address challenges and opportunities.
3. Simulating Different Scenarios to Optimize Sony Corporation's Performance
This title emphasizes the goal of the essay, which is....
1. Analyzing Nestle's diversification strategy: How has Nestle expanded its product portfolio and entered new markets to drive growth and increase market share?
2. The role of acquisitions and mergers in Nestle's corporate strategy: Discuss how Nestle has used M&A activities to drive growth, acquire new capabilities, and enter new markets.
3. Examining Nestle's sustainability strategy: How has Nestle incorporated sustainability and ethical practices into its corporate strategy to create long-term value and achieve competitive advantage?
4. Evaluating Nestle's global expansion strategy: How has Nestle expanded its international presence and adapted its business model to different markets and cultural contexts?
5. The impact of....
1. An analysis of Nestle's diversification strategy and its impact on the company's growth and profitability.
2. Exploring the role of acquisitions and mergers in Nestle's corporate strategy and its effect on competition in the market.
3. Investigating Nestle's focus on sustainability and social responsibility in its corporate strategy and the benefits it brings to the company.
4. Evaluating Nestle's international expansion strategy and its success in entering new markets and adapting to local cultures.
5. Analyzing Nestle's product portfolio management strategy and its impact on maintaining a competitive edge in the industry.
6. Examining Nestle's pricing and branding strategies and how they contribute to....
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