50). Therefore, the ability of planners in both civilian and military aviation settings will need to ensure this integrated approach to information management to identify opportunities for improvement and what steps will be needed today to ensure their successful outcome in the future.
Conclusion
The research showed that resource management and strategic decision making processes in the civilian and military sectors of the aviation industry have been profoundly affected by innovations in technology that continue to have an enormous impact today. The research also showed that although there is much to be considered in developing effective resource management techniques, the strategic decision process can help organizations of all types identify opportunities for improvement today and take the steps today to help ensure their successful development and implementation in the future. In the final analysis, the body of knowledge in these areas is growing at exponential rates, and the terrible costs in…...
mlaReferences
Goodman, W.C. (2000). Transportation by air: Job growth moderates from stellar rates. Monthly Labor Review, 123(3), 34.
Harris, W.C., Goernert, P.N., Hancock, P.A., & Arthur, E.J. (1994). The comparative effectiveness of adaptive automation and operator initiated automation during anticipated and unanticipated taskload increases. In Hollnagel at p. 159.
Hendrick, H.W. & Kleiner, B.M. (2002). Macroergonomics: Theory, methods, and applications. Mahwah, NJ: Lawrence Erlbaum Associates.
Hollnagel, E. (2003). Handbook of cognitive task design. Mahwah, NJ: Lawrence Erlbaum Associates.
Ethical Strategies
The emphasis strategic decisions companies make ethical implications. You briefly summarize ethical dilemmas
Strategic decisions that companies make and ethical implications
According to Laura Olkkonen and Vilma Luoma-aho's article "Managing mental standards with corporate citizenship profiles," "when talking about corporate responsibility and stakeholder thinking, companies need to find ways to combine two profound needs to function; the society's need for production and companies' need for societal consent" (Olkkonen & Luoma-aho 2011:12). Corporations are ethically bound to show a profit for their shareholders. It also could be argued they have a responsibility to stay in business keep their employees at work, as well as to honor the vision and mission statement of the founder. But what happens when the ethics of social responsibility seem to conflict with the need for a company to make money?
But acting unethically does not automatically result in profits in the long-term. Companies that egregiously flout basic safety…...
mlaReference
Olkkonen, Laura & Vilma Luoma-aho. (2011). Managing mental standards with corporate citizenship profiles. Electronic Journal of Business Ethics and Organization Studies, 16 (1): 13-20.
Although the company relies on information technology it is not at the forefront so can adapt more slowly. There are limited political-legal and societal implications. The most important force -- economic -- does vary but the North American market is by far the most important. Jet fuel prices do not vary significantly from country to country.
Industry competition is driven by overall demand levels, price and service. These forces do not vary globally. There is low threat of new entrants due to high entry costs. Buyers have average buying power due to competition. There is a high threat of substitution from electronic communications and slower shipping services. Rivalry among firms is intense. Unions, governments, interest groups have low relative power.
Customers are the only immediate factor affecting FedEx, as they have curtailed spending on shipping. A major threat is that customers will find ways to reduce shipping permanently. An opportunity for…...
mlaWorks Cited:
MSN Moneycentral: FedEx. (2009). Retrieved December 8, 2009 from http://moneycentral.msn.com/investor/invsub/results/hilite.asp?Symbol=FDX
Carey, N. (2009). FedEx says taking market share despite slump. Reuters. Retrieved December 8, 2009 from http://www.reuters.com/article/pressReleasesMolt/idUSTRE52I3C820090319
Shult, K. (2008). Battle of the brands: UPS vs. FedEx. Blogging Stocks. Retrieved December 8, 2009 from http://www.bloggingstocks.com/2008/05/05/battle-of-the-brands-ups-vs.-FedEx/
2009 FedEx Annual Report. Retrieved December 8, 2009 from http://files.shareholder.com/downloads/FDX/791567587x0x312397/557bd7f3-8372-4afe-a664-1fdb82a488b0/FedEx2009AnnualReportl.pdf
Strategic Framework in BP-Deepwater horizon accident
One of the most eminent names in the oil and gas industry is British Petroleum, considered as the largest provider of oil and gas to its customers for transportation, energy for heating and light and retail services for petrochemical products globally. The financial and operational picture of the company's performance is illustrated in table1 below.
Performance at a glance for 2010
Facts and figures
Sales and other operating revenues
eplacement cost profit
Number of employees
Proved reserves
etail sites
Upstream
efineries (wholly or partly owned)
efining throughput
$297,107 million (year 2010)
($4,519) million (year 2010)
79,700 (at 31 Dec 2010)
18,071 million barrels of oil equivalent
22,100
Active in 29 countries
16
2,426 thousand barrels per day (year 2010)
(BP's Corporate website, 2010)
On 20th April 2010 the company faced a serious challenge when one of its oil rigs started leaking and simply couldn't be stopped. With Deepwater Horizon accident, BP's image suffered a lot and many urged the management to change its future strategy…...
mlaReferences
BP's Corporate website, 2010. Annual Report 2010. Retrieved through on 12th August 2010http://www.bp.com/sectionbodycopy.do?categoryId=9035798&contentId=7066618
Corner, P. Kinicki, A. And Keats, B. (1994) Integrating organizational and individual information processing perspectives on choice, Organizational Science, vol. 3.
Drucker, P. (1954) The Practice of Management, Harper and Row, New York, 1954.
Gellerman, S. (1989) Managing Ethics from the Top to Down, Sloan Management Review;
This then allows equal weight to be pulled in various decisions. Finally, utilizing executive compensation as a method for proper governance which is many times set by a board of trustees or directors also proves beneficial in some circumstances. This allows top executives to be compensated for their influence within organizational decision making. These last two prove to be weaker than bearing weight on the stock holders, for they only allow a few voices to be heard.
3) Briefly describe how the external corporate governance mechanism "the market for corporate control" acts as a restraint on top-level managers' strategic decisions. Also, while corporate governance should foster ethical strategic decisions, what are at least two crucial factors that can negate this?
As much as organizations would like to control every situation in the business environment, this has never been the case. In terms of external market factors, managers and executives are limited…...
mlaReferences
MSN Money. (2009). Walmart Stores Inc.: financial statement. Retrieved May 29, 2009 at http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=WMT
In order to achieve the economies of scale, the company has vast network of sales and distribution along with acquisitions and mergers to support increased production of which Cadbury is a recent example. The company also tries to sustain and enhance its brand image by virtue of comprehensive branding strategy. Vertical and horizontal expansion of companies' product range is also indicative of Kraft's sustained strategic expansion. ecently the company split into Mondel-z International, Inc. And Kraft Foods Group, North America.
The potential discrepancies in the strategic and business level strategies of the company are based in the functional capacity of the firm. There have been issues related to internal control of the company being not stringent enough to ensure integrity of financial reporting and for this purpose; the company also adopted an audit committee charter. Aim was to improve the functional management in relation to finance and operations.
3) How can…...
mlaReferences
Bhaskaran, S., Polonsky, M., Cary, J., & Fernandez, S. (2006). Environmentally sustainable food production and marketing: opportunity or hype-British Food Journal, 108(8), 677-690.
Kraft Foods. (2013). Make a Legacy. Kraft Foods Group. Retrieved from: http://www.kraftfoodsgroup.com/About/index.aspx
Low, W., & Davenport, E. (2005). Has the medium (roast) become the message? The ethics of marketing fair trade in the mainstream. International Marketing Review, 22(5), 494-511.
Thomson, N., & Baden-Fuller, C. (2010). Basic Strategy in Context: European text and cases. Wiley-Blackwell.
ii. Operational Objectives:
The second key objective of the company encompasses its aim to become operationally stronger and unbeatable in the long run. McDonald's is currently the market leader in the global fast food industry due to various competitive advantages and core competencies: including extensive &D, quality management, efficient manufacturing capabilities, strong supply chain and distribution network, excellent customer services, etc. All these competitive advantages and strengths are focused on achieving its operational objectives (Hitt, Ireland, & Hoskisson, 2011). By achieving these objectives, McDonald's aims to prove itself as the most competitive fast food brand which is always the first choice of customers.
iii. Human esource Objectives:
McDonald's has employed around 1.7 million employees in its production plants, regional offices, restaurants, and the Headquarters (McDonald's, 2013). It considers these employees as the most valuable resource for its business. Therefore, its five key objectives also constitute the human resource aspects of the business. McDonald's…...
mlaReferences
About McDonald's, (2011). Sustainability Scorecard. Retrieved on July 7th, 2013, from
Hill, C.W., & Jones, G.R. (2012). Strategic Management Theory, 10th Edition. Mason, OH: South-Western, Cengage Learning
Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2011). Strategic Management: Competitiveness & Globalization - Concepts, 9th Edition. Mason, OH: South-Western Cengage Learning
McDonald's, (2013). Our Story. Retrieved on July 7th, 2013, from
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 esources Types:
Like other types of business corporations, Toyota also relies on four different organizational resources. These are: financial resources, human resources, informational resources, and physical resources. Financial resources are the money invested by the company's shareholders and the profits left after paying off liabilities. These resources enable the company to run its day-to-day operations, run marketing campaigns, and make strategic investments to keep it innovative and competitive in all aspects. Secondly, the human resources are the intellectual capital that plays a major role in enhancing organizational…...
mlaReferences
Bearden, W.O., Ingram, T.N. & LaForge, R.W. (2007). Marketing: Principles and Perspectives, 5th Edition. Boston, Mass: McGraw-Hill
Blythe, J., & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Brassington, F. & Pettitt, S. (2006). Principles of Marketing, 4th Edition. Harlow: Financial Times Prentice Hall
Frederic, M., Agnes, V. & John, M. (2011). Pest Analysis, 2nd Edition. U.K: Gardners Books
Strategic Choices - SOT
"Competitive advantage" is approached with the seriousness of a science involving carefully chosen strategies for cost advantage and/or differentiation advantage. Achieving one or both of those advantages through the use of one or more of four strategic business methods ideally gives a company a significant competitive edge over its competitors. The Coca-Cola Company apparently uses three of these strategies to achieve a premiere position in the global beverage industry.
Low cost
Differentiation
Preemptive
Strengths -- Social Factors
Coca-Cola can use the social factor of health consciousness to become the low cost producer of bottled water and vitamin water, targeting Coca-Cola's broad, worldwide market and gain the lion's share of the market with its exemplary distribution system
Coca-Cola can use the social factor of health consciousness to produce and deliver bottled water and vitamin water that is superior to other competitor's bottled water and vitamin water.
Coca-Cola can use the social factor of health consciousness…...
mlaWorks Cited
Coca Cola Company. (2012). Sustainability. Retrieved on March 5, 2012 from Thecoca-colacompany.com Web site: http://www.thecoca-colacompany.com/ourcompany/index.html
Porter, M.E. (1985). Competitive advantage: Creating and sustaining superior performance. New York, NY: The Free Press.
QuickMBA.com. (2007). Competitive Advantage. Retrieved on March 5, 2012 from QuickMBA.com Web site: http://www.quickmba.com/strategy/competitive-advantage/
QuickMBA.com. (2007). Porter's generic strategies. Retrieved on March 5, 2012 from QuickMBA.com Web site: http://www.quickmba.com/strategy/generic.shtml
Indeed, if we consider a hotel, for example, in an internal analysis, the financial analysis will evaluate the financial health of the hotel, keeping in mind some of the industry's characteristics (such as seasonality) and the fact that the hotel's revenues may somewhat depend on the period it operates in. However, similar to other industries, financial ratios will be calculated based on the basic statements. An internal diagnosis of functional areas will take into account the specificity of the hospitality industry. In this sense, marketing and promotion probably plays an important role, as does public relations, in ensuring that the customers are satisfied with the services provided and that they will be using the same facility in the future as well.
The external environment analysis will take into consideration some of the factors that affect the hospitality industry. These may be, for example, legal factors (laws that may affect the industry,…...
mlaBibliography
1. Comerford, Robert a.; Callaghan, Dennis W. Strategic Management. Text and Tools for Business Policy. Second Edition. Chapter 1. On the Internet at http://www.cba.uri.edu/Faculty/Comerford/Text/Text.html
Comerford, Robert a.; Callaghan, Dennis W. Strategic Management. Text and Tools for Business Policy
Second Edition. Chapter 1. On the Internet at http://www.cba.uri.edu/Faculty/Comerford/Text/Text.html
If the question is left unaddressed, this would result in increasing dissatisfaction among customers and staff, and a possible loss of library patrons.
Another strategic issues is the shift to the central purchasing of books. This policy entailed the decision to move the book buying capability to the Service Center in order to implement the goal of a more in-depth and sophisticated level of collections. This was implemented without consulting with the branch managers, who were directly affected by the decision. From the viewpoint of patrons, this new policy would indeed create a better selection of materials to better serve their needs by means of greater diversity and avoiding duplication. However, this created a large amount of resentment among librarians, who regarded this duty as one of their favorite responsibilities that directly utilized their skills as librarians.
If left unaddressed, this issue could severely impact the job satisfaction of librarians, which could…...
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 esearch & Development Strategies
McDonald's Leadership
Joint Ventures, Strategic Alliances, and Partnerships
Performance Measurement Methods and Benchmarks
ecommendations
eferences
Table of Contents
Sr. No.
Particulars
Page No.
Figure 1: Organizational Structure of McDonald's
Table 1: TWOS Matrix
Figure 2: BCG Growth Share Matrix
Table 2: Gantt chart for Strategy implementation
List of Figures and Tables
Executive Summary
This report presents a complete analysis of strategic management practices at the world's largest fast food restaurant chain, McDonald's. The report starts by introducing and describing the organization's operations, location, product offerings, history, major achievements and significant strategic moves which it has undertaken during its life cycle. The next section presents a comprehensive overview of…...
mlaReferences
About McDonald's, (2011). Sustainability Scorecard. Retrieved on November 24th, 2012, from
ADVFN, (2012). McDonald's Historical Stock Chart. Retrieved on November 24th, 2012, from
Baertlein, L., & Dorfman, B. (2012). McDonald's July same-store sales flat, worst in 9 years. Retrieved on November 24th, 2012, from
Hill, C.W., & Jones, G.R. (2012). Strategic Management Theory, 10th Edition. Mason, OH: South-Western, Cengage Learning
Strategic Plan
Amazon.com
Strategic plan
Organization: Amazon.com
Vision:
Amazon.com's vision is to become "Earth's biggest selection and to be Earth's most customer centric company."
Mission of Amazon.com:
The mission on Amazon.com is to create shareholder value over the long-term which is the fundamental measure of our success. We accomplish this mission by:
Investing aggressively to expand and leverage our customer base, brand, and infrastructure as we move to establish an enduring franchise.
Making investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions.
Focusing relentlessly on our customers.
Strategic Initiatives:
Market Penetration in China
Amazon.com entered the Chinese e-commerce market in 2004 by taking over Joyo.com (China IT & Telecom eport, 2007). However, as the GE matrix indicates, Amazon.com is underperforming and has lost its position as market leader (Dean, The Wall Street Journal, 2006). Market penetration in China is a strategic option as identified by business position graph of Amazon.com due to the…...
mlaReferences:
Business Wire, 2007 "Amazon.com headlines list of keynot addresses for LinuxWorld San Francisco and next generation Data Center." Business Wire May 16, 2007 [accessed: 23 Jan 2008]
China IT & Telecom Report, 2007 "Joyo.com renamed Joyo Amazon" InterFax News Agency, June 8, 2007 [Accessed: 3 Feb 2008 22:16:28]
Sorce, P., Perotti, V., & Widrick, S. (2005). "Attitude and age differences in online buying," International Journal of Retail & Distribution Management, 33(2), 122-132
Teather, D, 2007, Challenge Amazon: Amazon is pretty much the undisputed champion of internet book sales in the UK, but might an ambitious new competitor challenge its market dominance?; The BookSeller 4th May 2007 [accessed: 23 January 2008 10:02:48]
In this sense, large companies operating in different sectors would fit this description. An example in this sense would be Vivendi, the French company who went from being a simple water company to having businesses in cinema and movies, the music sector, etc.
4. Michael Milken was an ambitious financial tycoon who was CEO at one of the best investment banks on Wall Street, Drexler. His ambition drove him into deals with junk bonds and inside trading affairs, which led to a $200 million fine and 22 months in jail due to fraud on 1989.
Jake Welch, CEO at General Electrics, revolutionized management by introducing a series of innovatory ideas at his company. Among them, the best known is the Six Sigma methodology, which was subsequently successfully implemented by Motorola as well.
ill Gates was indeed a man with vision, having the chance to foresee the success that the information technology would…...
mlaBibliography
1. Strategy Notes. On the Internet at http://www.tutor2u.net/business/strategy/what_is_strategy.htm
2. Entrepreneurial Leadership. On the Internet at http://www.1000ventures.com/business_guide/crosscuttings/leadership_entrepreneurial.html
Strategy Notes. On the Internet at
Decision Sciences
Decision-making is an important activity for top management in any enterprise. Strategic thinking is required for making useful decisions. For example, business executives plan strategies to access market share, to deal with employees, to react to competition and to decide on career growth. Decision Sciences is a discipline on its own that provides techniques and methods to take decisions in any practical situations. In this paper, a list of journals and websites that provides information on Decision Sciences is provided. This list is expected to be useful to top management. (America's Investment in the Future: Decision Sciences-How the Game Is being played)
Decision Sciences" is a quarterly, professional journal published by Decision Sciences Institute. This journal utilizes the current methods of mathematics and statistics along with computer technology and behavior science. This journal is read by business professionals and teaching professionals. From 2003, Blackwell Publishing is publishing this journal. (Decision…...
mlaReferences
America's Investment in the Future: Decision Sciences-How the Game Is being played" Retrieved at Accessed on 21 February 2005http://www.nsf.gov/about/history/nsf0050/decision/decisionsx2.htm .
Asia Pacific Decision Sciences Institute: Theme - Collaborative Decision Making in the Internet Era" retrieved at Accessed on 22 February 2005http://www.calpoly.edu/~eli/apdsi/apdsi2005/ .
Decision Analysis Society" Retrieved at Accessed on 22 February 2005http://faculty.fuqua.duke.edu/daweb/ .
Decision Line" (October 2004) Volume 35(5) retrieved at Accessed on 21 February 2005http://www.decisionsciences.org/DecisionLine/Vol35/35_5/index.htm .
A paper that focuses on topics like strategic decision making, strategy, leadership, management control systems, entrepreneurship, or organization changes can take two approaches. You can thoroughly explain one of the concepts, for example describing that strategic decision making is a method of business planning that looks at long-term goals. The other approach is to do some sort of case study looking specifically at events to determine how one of those topics either impacted or was impacted by a company’s decision-making process. So, the first thing you need to do is decide what type of paper....
Sure! Here are some lesser-known but interesting essay topics on microeconomics:
1. The impact of behavioral economics on consumer decision-making
2. The role of network effects in the digital economy
3. The economics of happiness: measuring and maximizing individual well-being
4. The economics of crime and punishment: analyzing the cost-benefit of criminal behavior
5. The effects of income inequality on economic growth and social stability
6. The economic implications of environmental sustainability and conservation efforts
7. The economics of addiction: analyzing the behavior of individuals with addictive tendencies
8. The role of game theory in understanding strategic decision-making in business and economics
9. The economics of discrimination: analyzing the....
1. The impact of supply and demand on interest rates in HSBC Bank
2. The role of elasticity in determining pricing strategies in HSBC Bank
3. The concept of opportunity cost in investment decisions at HSBC Bank
4. The influence of market structure on competition and pricing in HSBC Bank
5. The effects of government regulation on the banking industry and HSBC Bank specifically
6. The relationship between marginal utility and consumer behavior in the banking sector, with a focus on HSBC Bank
7. The concept of economies of scale and how it applies to HSBC Bank's operations and growth strategies
8. The principles of cost-benefit analysis....
1. Analyzing the impact of employee turnover and training on the success of the Benihana simulation.
2. Exploring the role of communication and teamwork in achieving optimal performance in the Benihana simulation.
3. Investigating the effectiveness of decision-making strategies in maximizing profitability in the Benihana simulation.
4. Evaluating the importance of customer satisfaction and feedback in the Benihana simulation.
5. Examining the potential challenges and obstacles faced by participants in the Benihana simulation and strategies to overcome them.
6. Comparing and contrasting different approaches to managing and optimizing resources in the Benihana simulation.
7. Discussing the role of leadership and delegation in achieving success in the....
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