Strategic Advantage
Goold and Campbell's comprehensive study sheds a new light on the ways a company uses to improve its financial results, whether from a quantitative point-of-view (i.e. through acquisitions) or a qualitative one (i.e. through the improvement of ratios) It would seem, according to the two researchers, that multi-business company management proves to be a difficult problem, considering that, according to their study, most "parent" companies tend to destroy value rather than add value to the businesses it parents.
The two authors conduct a short analysis of the previous strategies used by multi-business corporations, and find that the growth / share matrix, which was implemented on a large scale in the United States in the 70's and 80's lead to disillusionment, as the performance of companies was quite poor. In regard to the core-competence concept, although its appeal is quite powerful, it failed to provide practical guidelines for its application, so…...
mlaBibliography
1. Campbell A., Goold M., Alexander M., Corporate Strategy: The Quest for Parenting Advantage," "Harvard Business Review," March-April 1995
2. Campbell A., Goold M., Alexander M., "Corporate Strategy and Parenting Theory," Long-Range Planning, Vol. 31, No. 2, 1998
3. Campbell A., Goold M., Alexander M., "Corporate Parenting," Answer to Lasse Kivikko and Rolf Lappaenen
4. Campbell A., Goold M., Alexander M., "The Value of the Parent Company," California Management Review, Vol. 38, No. 1, Fall 1995
Strategic Advantage
Competitive advantage within the global retail sector
The resource based theory
Conceptual framework- esource-Based Theory
The e-retail strategy
In this paper, we explore the concept of resource-based view in gaining of strategic advantage within the global retail industry. Our focus will be in the use of information technology as a resource in drawing an e-strategy for the purpose of gaining a strategic advantage with a focus on the global retail sector. The organizations in our focus being global leading retailers; Wal-Mart, Metro AG, Carrefour and Tesco.
The high level of competition within the global retail industry has seen several players resort to the use of certain resources and competencies in order to maintain a lead over their competitors. These resources are strategically harnessed and applied in order for the affected firms to maintain a strategic advantage. In this paper, we explore the concept of resource-based view in gaining of strategic advantage within the…...
mlaReferences Amit, R. And Zott, C. (2001) "Value Creation in E-business," Strategic Management
Journal, Vol. 22 No.6/7, pp 493-520.
Barney, Jay B. (2002). Gaining and Sustaining Competitive Advantage, 2nd ed. Reading, Mass.:
Addison-Wesley.
Barney, J.B. (1991), "From Resources and Sustained Competitive Advantage," Journal
history of amazon and a comparison to its major rival eBay.
History of Amazon
tarted by Jeff Bezos in 1994, Amazon is a multinational electronic commerce company that is headquartered In eattle, Washington DC, UA. The company also provides cloud computing servicers and produced the widely popular Amazon Kindle e-book reader and Kindle Fire tablet computer. It has separate retail websites for United tates, Canada, United Kingdom, France, Germany, Italy, pain, Japan, and China, and plans to open other sites for further countries that include Poland, Brazil, Netherlands and weden.
Amazon.com was called after the largest river -- the Amazon River and after the Amazon gods for a purpose: it planned to become to the largest online retailer -- and succeeded (Jopson, 2011). Bezos, too, chose a name that would appear as first of the alphabet in order to make it easy to track in a web search (Byers, 2006). The name…...
mlaSources
Byers, A (2006). Jeff Bezos: the founder of Amazon.com, The Rosen Publishing Group
Jopson, Barney (July 12, 2011). "Amazon urges California referendum on online tax." FT.com. http://www.ft.com/cms/s/0/61828252-ac1d-11e0-b85c-00144feabdc0.html#axzz1RxkefD8m
Time Magazine. (December 27, 1999). "Person of the Year -- Jeffrey P. Bezos." http://web.archive.org/web/20000408032804/http://www.time.com/time/poy/bezos5.html
Spector, R (2002). Amazon.com: Get Big Fast. USA: The Rosen Publishing Group
MFThe isk Management Framework (MF) is a structured process designed to help organizations identify, assess, and manage risks in a most systematic manner. This approach was originally developed for information systems, like those found in government or military organizations. However, since then, MF has evolved into a being used as a tool with wider applicability across different organizational domains. Its main objective is to integrate risk management into all aspects of an organization\\\'s operations, so that decisions are supported and made based on the clearest possible understanding of risks and their potential impacts.MF\\\'s approach is fundamentally structured and proactive, as it looks on understanding the context of risks within an organization (Bohmer et al., 2009). Its focus is the importance of grasping the organization\\\'s risk tolerance and the specific nature of threats (HB, 2020). This understanding helps one to identify, assess, and respond to risks. It is also the main…...
mlaReferencesBohmer, R., Bradley, S. P., & Kindred, N. (2009). The Risk Management Foundation of the Harvard Medical Institutions, Inc. HBS Case, (610-014).HBR. (2020). On managing risks. Harvard Business.Girotra, K., & Netessine, S. (2011). How to Build Risk into Your Business Model. Harvard Business Review, 102-105.
Strategic Management
Porter's Five Forces Model and Strategic Management
as Applied to Bowne & Company
Porter's Five Forces Model and Strategic Management
as Applied to Bowne & Company
Bowne & Co., Inc. is a financial services company which has been in business for 235 years. During this time the company has grown to become the world financial services leader in communication services, investor/shareholder relations and communications, and capital markets communication guidance. The communications side of financial services is Bowne's specialty, as they provide "regulatory and compliance documents; personalized financial statements; enrollment kits; and sales and marketing collateral" (Bowne, 2009). The company has expanded its operations in recent years due to the wish to be involved in all aspects of their customer's financial transactions. In February of 2010, Bowne merged its services with those of .. Donnelley & Sons in an all cash deal. Bowne will remain completely autonomous except in the matter of a very…...
mlaReferences
Bowne. (2009). Bowne 2009 annual report.
Cesnovar, T. (2006). The impact of strategic management on business outcomes: Empirical research. Journal for East European Management Studies, 11(3). 227- 238.
Grant, J.H. (2007). Advances and challenges in strategic management. International Journal of Business, 12(1). 11-21.
O'Shannassy, T. (2003). Modern strategic management: Balancing strategic thinking and strategic planning for internal and external stakeholders. Singapore Management Review, 25(1). 53-60.
Strategic Management of Amazon and Yahoo.com
The recent advancements in technology, computing, and Internet technologies have seen a rapid rise in the number of online businesses. Cases in point are the Amazon.com and Yahoo.com that took the globe by storm at the end of the 20th the century. Broadly speaking, e-commerce has become one of the most lucrative platforms to conduct businesses (Nabi, & Luthria, 2002). In this paper, two relating Amazon and Yahoo are reviewed. First, I seek to find out the source of Amazons success as a leading online retailer in 2011. The study will also establish whether Yahoo's business model functionally geared for success during the same year. In addition, the distinct business strategies of each of these entities and the way the strategies resulted in comparative advantages are also analyzed.
Amazon.com, the world's largest online retailer, is an American company that was established in 1995 by Jeff Bezos.…...
mlaReferences
Canzer, B. (2006). E-Business: Strategic Thinking and Practice: Strategic Thinking and Practice. Cengage Learning
Hill, C.W.L., & Jones, G.R. (2012). Strategic Management. Cengage Learning.
Hitt, M.A., Hoskisson, R.E., & Ireland, R.D. (2013). Strategic management: Competitiveness & globalization: cases. Mason, OH: South-Western, Cengage Learning.
Kasabov, E. & Warlow A. (2012). The Compliance Business and Its Customers: Gaining Competitive Advantage by Controlling Your Customers. Palgrave Macmillan
Then they can transfer them to all the business units and follow through. A best practice of an organization provides it with unique and distinctive competence and cost/benefit impact. Therefore the transfer and sharing of the best practice organization wide becomes necessary for attaining a competitive edge.
enchmarking attempts to improve business processes by analyzing the top-notch approaches of others and adapting it to one's own organization to achieve a competitive lead. est practices and benchmarking can give an organization strategic, operational, and financial advantage. ench marking is an attempt by an organization to look for continuous improvement. Japanese concept of "Kaizen" or continuous improvement also considers benchmarking an important part of its philosophy. enchmarking can also require management to think out of the box. For example, if someone wants to see the standards for team management in the steel industry they might look for the best practice in the…...
mlaBibliography
Choy, C., Suk, C. 2005, 'Critical Factors In The Successful Implementation Of Knowledge Management', Journal of Knowledge Management Practice, Available at;
http://www.tlainc.com/articl90.htm
David, Fred R. 1991, Strategic Management. 3rd Ed. McMillan
Dehoff K., Neilson, G. et al. 2001, 'Best practices transfer: Unleashing the value within', Available at;
Strategic Management
It is very important that the factor of 'change' figures within an organization prominently. Different people utilize different approaches to implement these changes, and most often, it is that particular method that suits the organization the best that is used. Among some of the tried and tested methods of implementing change within an organization is the 'Delta Technique', which is one of the more popular and extremely successful methods used by the management. 'Delta' in fact means 'a small change' in Greek, and this is in essence what it represents. This technique has its base on the theory of Lewin, 1952, and it revolves around the three stages of change, like for example, when a piece of ice changes its shape, and it goes through unfreezing, changing, and refreezing. (Strategies for implementing change: an experiential approach)
Lewin has stated that it is very important to devote both time and energy…...
mlaReferences
Augustine. R. (July 04, 2001) "Planning and innovation in R& D" Business Line. Retrieved From Accessed on 7 July, 2005http://www.thehindubusinessline.com/businessline/2001/07/04/stories/040467au.htm
'All about Dividends" Retrieved From
http://beginnersinvest.about.com/od/dividendsdrips1/a/aa040904.htm
Accessed on 6 July, 2005
[...] transaction customers, which represent 30% of U.S. sales, are small and medium size enterprises (about 20%) and home office customers and consumers" (Kraemer, Dedrick and Yamashiro, 2000)
Built-to-Order Production
The built-to-order production strategy was implemented to the great success of Dell Computer Corporation as it aided it differentiate itself from competing PC manufacturers. It ensured customers of the highest levels of interest in satisfying their needs and it as such gained their trust. But is also has some limitations in the meaning that it requires more time, implies more costs and forces the organization to "have available specific components as they are needed to fill an incoming order" (Kraemer, Dedrick and Yamashiro, 2000). Then, as it implies a high level of customization, it prevents the company from producing large masses of similar products, which could reduce costs and offer Dell a comparative advantage - process otherwise know as economies of…...
mlaReferences
David, F., 1989, Strategic Management, Columbus: Merrill Publishing Company
Kraemer, K.L., Dedrick, J., Yamashiro, S., 2000, Refining and Extending the Business Model With Information Technology: Dell Computer Corporation, Center for Research on Information Technology and Organizations (CRITO), Graduate School of Management and Department of Information and Computer Science, University of California, Irvine, California, USA
2008, Official Website of Dell Computer Corporation, lastaccessed on April 11, 2008http://www.dell.com ,
Strategic Management in Business Development
The term "strategic planning" is generally used in the narrow sense, namely the application of management tools to address areas such as, profitability, efficiency, growth and competitive advantage. Ultimately, to address concerns of stakeholders for increase shareholder value and long-term competitiveness.
Business development is at the heart of strategic thinking and needs imagination and innovation. It should be proactive and anticipatory. It involves the creation of a unique configuration of the company's key features, which will match the challenges of its environment and provides strategic advantage. There are two distinct phases:
The option generation phase, where creativity must be allowed to flourish and diverse ideas emerge.
The option selection phase, where the options are narrowed down through a systematic filtering process.
The process is often iterative with multiple cycles occurring through the two phases.
In the first phase the strategic management team works with the company's management team, engaging in the…...
mlaWorks Cited
Aguilar, F. (1967). Scanning the business environment. New York: Macmillan.
Brown, A., & Weiner, E. (1985). Super managing: How to harness change for personal and organizational success. New York: Mentor.
Brown, L.R., Slavin, C., & Postel, S. (1991). Saving the planet: How to shape an environmentally sustainable global economy. New York W.W. Norton and Co.
Coates, J.F., Inc. (1985, July). Issues identification and management: The state of the art of methods and techniques. Research project 2345-28. Palo Alto, CA: Electric Power Research Group.
Strategic Linkage
Strategic management
Why do you think it is important for H to be a strategic partner to the business?
In the new, knowledge-based economy, the human resources department of the firm is increasingly important to leverage as a strategic advantage. This can be seen in the actions of corporations such as Google, which offer extensive perks and benefits to employees, after a long vetting process (Benefits, 2012, Google). The philosophy of such organizations is that the companies that can attract the best people can translate this into financial gain. Companies like Apple generate ideas just as much as they generate products, and without knowing how to recruit and above all retain top talent, a company will be left behind.
etention requires competitive and often unique perks and bonuses, spanning from workout facilities to healthcare benefits and beyond. It also requires a fair system of promotions and pay. There is a need to…...
mlaReferences
Benefits. (2012). Google. Retrieved: http://www.google.com/about/jobs/lifeatgoogle/benefits/
Frederick Taylor and scientific management. (2012). Net MBA. Retrieved:
http://www.netmba.com/mgmt/scientific/
Wei, L. (2006). Strategic Human Resource Management: Determinants of fit. Research and Practice in Human Resource Management, 14(2), 49-60.
Strategic Management: JP Kenny London
JP Kenny London was established in 1978 as the original office of the now JP Kenny group, the London office has amassed over 30 years of experience in executing pipeline and subsea projects for clients around the world (J P. Kenny Ltd. 2011). Its meager beginnings in 19th century roots in the fishing industry have spawned into a multi-billion dollar organization, providing major energy resources.
This report examines the current strategic position of JP Kenny and the strategic options for the future of JP Kenny. By using the (PESTLE) Political, Economic, Social, Technology, and Environmental factors affecting JP Kenny, an assessment of opportunities, threats, strengths and weaknesses may be ascertained. Hence, such findings demonstrate the direct influence on JP Kenney's sustainability.
JP Kenny experiences a shortage of qualified engineers within the United Kingdom. To overcome this JP Kenny source engineering staff from around the world. Furthermore, JP Kenny…...
mla"Growth Matrix proposed by Ansoff (1957). Products and markets are each analysed in terms of their degree of novelty to an organisation" (palmer & Hartley, The business Environment, sixth edition page 281)
Ansoff's Growth Matrix
Product-development strategy: with the combined skills and expertise of their workforce, JP Kenny can capitalise and use these skills to further
Strategic Management Concept: Outsourcing
Strategic Management: Ourtousrcing
Definition of outsourcing
Outsourcing is defined as the contracting another person or company to perform a specialized function (Lacity and Hirschheim, 1993). Outsourcing can also be defined as contracting out a business process to a third party. In the current business environment, all business will outsource in some way. The term outsourcing not only refers to the large contracting of firms to perform specific functions, but also refers to any non-core activity that a business contracts out to another company. For example, an insurance company could outsource its janitorial operations to another company, which would ensure that the insurance company can focus on its core business. Outsourcing ensures that a business can concentrate on its core business and its overall strategy (Grossman and Helpman, 2005). The firms contracted to perform or offer the service have the necessary expertise and have specialized in the type of work…...
mlaReferences
CHAN, F.T., KUMAR, V. & TIWARI, M.K. 2009. The relevance of outsourcing and leagile strategies in performance optimization of an integrated process planning and scheduling model. International Journal of Production Research, 47, 119-142.
DUHAMEL, F., GUTIERREZ-MARTONEZ, I., PICAZO-VELA, S. & LUNA-REYES, L.F. 2012. The Key Role of Interfaces in IT Outsourcing Relationships. International Journal of Information Technologies and Systems Approach (IJITSA), 5, 37-56.
FEENSTRA, R.C. & HANSON, G.H. 1996. Globalization, outsourcing, and wage inequality. National Bureau of Economic Research.
FEENSTRA, R.C. & HANSON, G.H. 1999. The impact of outsourcing and high-technology capital on wages: estimates for the United States, 1979-1990. Quarterly Journal of Economics, 907-940.
Strategic Planning & Strategy Formulation
Case: Strategic Planning & Strategy Formulation
Case Assignment -- Comcast
Comcast's Current Strategy
Current Event Blog
Discussion Question: Strategy Planning and Formulation
Case
Strategy Implementation & Evaluation
Current Event Blog 4 -- Strategy Implementation & Evaluation
Discussion Question: Strategy Implementation and Evaluation
eflective Discussion
Case: Strategic Planning & Strategy Formulation
Case Assignment -- Comcast
Comcast's Current Strategy
Comcast has developed a current business strategy that is completely focused on the customer. The company has positioned itself at the "intersection of media and technology" (Corporate.comcast.com, 2016). The company seems to be doing well and in 2015 the company had raised their dividend by 10%, for the eighth consecutive year.
The present strategy of the company is to focus on innovation and enhancing of customer experience and being innovative at the same time. The company claims that this strategy has paid off well for them. In fact, this business strategy of the company was adopted less than a year ago in May.…...
mlaReferences
Business success: Strategic unit comprehensive computer-based Expert support system. (1991). Long-Range Planning, 24(3), 107-108. http://dx.doi.org/10.1016/0024-6301 (91)90212-7
Carter, T. (2016). Comcast rolls out strategy for new emphasis on customer care. Mississippi Business Journal, p. 1. Retrieved from http://msbusiness.com/2015/05/comcast-rolls-out-strategy-for-new-emphasis-on-customer-care/
Collins, M., & Winrow, B. (2010). Porter's generic strategies as applied toward e -- etailers post -- e Leegin. Journal Of Product & Brand Management, 19(4), 306-311. http://dx.doi.org/10.1108/10610421011059621
Cooper, C., & Finkelstein, S. (2009). Advances in mergers and acquisitions. Bingley: Emerald Group Pub.
The company conducts research and development on several programs such as on-site warfare testing, and laboratory research for the next generation aircrafts. The company also conducts &D on the application of new technologies to build aircraft and submarines as well as implementing effective &D on mechanical and electrical system for the new equipment.
Despite the competitive strategic advantages that the company is enjoying, there are external environment affecting the business operations of Huntington Ingalls.
External Environment affecting the Operations of Huntington Ingalls
This section uses STEEPL model to analyze the external environments that the company is operating. STEEPL abbreviation refers to Socio-cultural, Technological, Environmental Factors, Economical, Political and Legal. Major operation of Huntington Ingalls is conducted in the United States and the Economical, Political and Legal and the Socio-cultural aspects of the country affect the operation of the company.
Socio-cultural:
Socio-cultural of the United States is one of external factors that affect the business…...
mlaReferences
AMSEC, (2012). About Us. AMSEC is a subsidiary of Huntington Ingalls Industries.
Datamonitor (2011). United States: Country Analysis Report -- in-depth PESTLE Insights. Datamonitor Plc.
Huntington Ingalls Annual Report (2011). 2011 Annual Report. Huntington Ingalls Industries Inc. United States.
Hynson, G. (2011). Huntington Ingalls Industries (NASDAQ: HII) Memo. University of Virginia. College of Arts and Sciences/PreComm.
Balancing the Triple Aim in Healthcare Strategic Planning
The Triple Aim, a widely adopted healthcare model, encompasses three interrelated components: improving the patient experience, reducing healthcare costs, and improving population health. Healthcare organizations face the challenge of effectively balancing these objectives in their strategic planning to achieve optimal outcomes.
Patient Experience
Measure and Track Outcomes: Regularly monitor patient satisfaction, clinical outcomes, and experience metrics. Use feedback mechanisms to identify areas for improvement.
Promote Patient Engagement: Foster active patient involvement in decision-making, care planning, and self-management. Empower patients with access to their health information and online portals.
Create a Patient-Centered Culture: Instill values....
Captivating Essay Topics on Partnership Reference Models in Strategic Management
1. Partnering for Innovation: A Comparative Analysis of Reference Models for Fostering Creativity and Competitive Advantage
Explore the key principles and components of partnership reference models that facilitate innovation.
Compare different models, such as the "Innovation Factory" and "Agile Development," examining their strengths and limitations.
Discuss how partnerships can leverage diverse perspectives, access specialized knowledge, and reduce risks associated with innovation.
2. The Impact of Partnership Structures on Strategic Alignment and Value Creation
Examine the various types of partnership structures, including joint ventures, strategic alliances, and equity investments.
Analyze the impact of....
Earth's Topography and Its Influence on Human Settlements
The Earth's topography, characterized by diverse landforms and elevations, exerts a significant influence on human settlement patterns. The distribution of human populations and the organization of societies can be profoundly shaped by the topographical features of their environment.
1. Accessibility and Connectivity:
Topography affects the accessibility and connectivity of different regions. Mountainous terrain, deep valleys, and expansive deserts can impede movement and communication, creating barriers to settlement and trade. In contrast, flat coastal plains, river valleys, and gentle hills encourage the establishment of settlements and facilitate interconnections between communities.
2. Vulnerability to Hazards:
Certain topographical features increase....
When it comes to safeguarding Indian energy needs, the strategic location and connectivity of ports and trade corridors play a crucial role. Chabahar port in Iran and the Zaranj-Delaram corridor in Afghanistan have emerged as alternative routes for India to access energy resources, reducing its dependence on traditional trade routes through Pakistan.
Chabahar port, located on the southeastern coast of Iran, has gained significance as a key maritime gateway for India to access Central Asian markets and energy resources. It offers a shorter and more cost-effective route for Indian shipments to reach Afghanistan, Central Asia, and beyond. The development of Chabahar....
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