Free Essay

Analysis

In:

Submitted By mrstlc77
Words 2224
Pages 9
Analysis of Leaders in Innovation
Leading Innovation in the Global Organization
Dr. Jane Gibson
Capella University
Timyra L. Carter
November 10, 2015

Introduction
A global trend is a general development or change in a situation that affects many countries of the world. Innovation is a creative idea, process or product. The two together are a powerful team. Without one or the other a company is likely to fail. Global trends provides direction for a company and affects the company’s strategic plans for the future goals.
The purpose of this paper is to analyze and identify the global trends that influenced the need for Vineet Nayar, former CEO of HCL Technology, to create a more innovative organization, explain the relationship between the global trends and Nayar’s role as a leader of innovation, evaluate Nayar’s use of the five discovery skills and make recommendations for improvement of Nayar’s use of the five discovery skills.
When Nayer was appointed as president of the Delhi-based IT services provider HCL Technologies he had many challenges. Even though HCL Technologies revenue was growing by 30% a year, it was losing market share and mindshare and its competitors were growing at the rate of 40% or 50% a year (Nayar, 2010). The IT service industry was changing rapidly, customers didn’t want to work with an undifferentiated service provider that offered discrete service; they wanted long term partners that would provide end to end services (Nayer, 2010). Within four years Nayar was able to triple the company’s annual revenues, doubled its market capitalization, ranked as India’s best employer by Hewitt and pioneered a unique management culture call Employees First, Customer’s Second. How did he do it? He spoke the truth as he saw it, offered ideas, told stories, asked questions and made the leap himself (Nayar, 2010).
Analysis
Employees first, customers second is the business model that Nayer believes is the way to be innovative and successful. He believed that if the work environment was improved by making its employees passionate about the work that they do, so would employee performance. Employees create value and an organization should be focused around that value (www.youtube.com). Nayar branded the employees. He came up with this concept by speaking with customers and realized that the customers were not talking about the products, services or technologies but the frontline employees. However, the concept did not happen overnight, it took work by first breaking down the current model and rebuild it upside down by putting frontline staff at the top of the pyramid and the CEO at the bottom. Nayar used four keys to transforming HCL Technologies. Nayer first ensure that the employees were aware of the current condition of the company in hopes of getting them to buy into the change that needed to take place. He also built a culture of trust within the organization by sharing financial data rather it was good or bad and used transparency to review performance and strategic planning. He also made support functions and executives accountable to frontline workers and he transferred ownership of change from the desk of the CEO to the employees. According to Nayer (2010), HCL Technologies had done something that many IT companies didn’t do which was include frontline employees in determining ways to weather the storm.
Assessment
Innovation is the lifeblood of our global economy and a strategic priority for virtually every CEO around the world (Dyer et. al., 2011). To be a leader of innovation requires five discovery skills and they are associating, questioning, observing, networking and experimenting. These skills are especially essential during the first stages of creating innovative ideas, products, services or processes as Nayar endure during the initial changes to take HCL Technologies to the next desired level of making the employees first and customers second. Association is very important in being a leader of innovation. Having the ability to connect unrelated questions, ideas or problems are necessary to being a successful business leader. According to Dyer et al. (2011), innovative leaders cross pollinate ideas in their own heads and in others. Leaders of innovation influence others to be creative thus creating an environment of innovation. Companies such as Apple, Amazon and Virgin connect wildly different ideas, objects, services, technologies and disciplines to dish up new and unusual innovations which speaks volume when one looks at how successful and innovative each company is. To master the skill of association it is important that the leader subject oneself and employees to different, diverse experiences and engage in the other discovery skills. Association is a very important skill in impacting innovation in a company because this is the stage that the leader will recognize or come up with the solution to a problem that may not have been evident to a leader that lack this skill. Exercising this skill in an organization will mean that no idea will be looked at as not a good one because it may in the end be more related to the problem than the obvious ones. With this mindset staff will be more likely to share ideas. This reminds one of a conversation that one had with the CEO of the community college concerning offering BSN to nurses. The CEO immediately dismissed the idea stating that the school is not designed to do that but today the school is currently redesigning itself to offer a BSN degree to students. The school board just had to think outside of the box and find a way to give students what they want and to stay competitive because of the push for nurses to obtain a BSN degree.
Questioning is the creative catalyst for the other discovery behaviors (Dyer et al, 2011). Innovators ask many questions and the difficult ones that challenge the normal way of doing things and it questions those things that are not usually questioned. Questioning is necessary to get the creative thinking and brainstorming going in a company. Questioning is the norm for innovators and it is important to make it a norm for employees in order to encourage an environment of innovation and being a leader of innovation. A.G. Lafley changed the game at P&G by asking lots of questions (Dyer et al, 2011). Innovation is not just asking any question but disruptive ones. Questioning can be used to impact innovation in an organization because it forces leadership to look at situation in a different way if the question is asked in the correct context. A leader of innovation may ask question that there is no answer to yet however, it gets the innovative mindset going by trying to find the answer to the question. It also challenges the leader and employees by asking challenging question. An example was when one had to get employees to look at hourly rounding differently by not looking at it as an extra task but group it with another task thus not requiring more time to complete it. This can be done by questioning the patient specifically about pain, their position and toileting all while also giving them their medication therefore, it is not perceived as an extra task. When an employee states that they are too busy to do hourly rounding that is a time to ask the challenging questions that causes them to think outside of the box and come up with a solution to the problem. As a leader of innovation, employees should be encouraged to ask questions. Asking questions will help employees and leaders tap into their innovative side because finding the answer to the question will take research and asking even more questions.
Observing is watching the world around you (Dyer et al, 2011). Observation is how many innovators get ideas on how to improve their product, service or new ideas. When thinking of observing, Scott Cook is one that comes to mind because he has created many products and services by observing. He founded Intuit by observing how his wife work on their finances and listening to her frustrations (Dyer et al, 2011). This is also a key skills in being a leader of innovation. At one’s organization staff will work with equipment that doesn’t meet their standards and complain to other staff members about its limitation instead of to the manager or a person that can solve the issue. This is where observation would help leaders understand how to improve staff satisfaction, efficiency and ultimately patient satisfaction. Observation will get down to the root of the real issues therefore helping the leader come up with innovative ideas. According to Dyer et al (2011), observing is a key discovery skill for most innovators who tend to generate business insights. If a leader really want to know how to take their organization to the next level it must observe its day to day activities and look for ways to improve the processes or products. Another way is to have employees observe others and give their insight on how to make improvements, this will motivate them to be innovative and involved them in changes therefore getting buy in.
Networking is a process of linking the ideas in your area of knowledge with those who play in different boxes, who are outside your sphere (Dyer et al, 2011). Innovators ensure that the people or groups of people that they are networking with are from different background than their own. Networking is very helpful to leaders that are innovative because a person that handles problems differently can give insight on how to solve a problem or issue in a way that wasn’t thought of. Networking is something that is done often at one’s organization with patients. Listening to patients share concerns for their care is an easy way to gain the knowledge needed to be innovative in improving process and services. Networking challenges one to network outside of the healthcare field and look for ideas where one wouldn’t expect to find them. Networking can be used to impact innovation in an organization by sharing one’s ideas with a person that does not work in healthcare to get a different perspective and idea. Something that comes to mind at one’s organization was the use of Lean System Thinking (LST). LST is an innovative idea developed by Toyota to eliminate waste in order to work smarter not harder. This way of operating was first used in the automobile industry and now is being used in healthcare. This is a perfect example of how two unrelated industries can use the same method to improve its company. As a manager, one can attend conferences outside of healthcare for new ideas and build a network of professional that are outside of one’s own profession. These new ideas can be presented in one’s organization therefore possible coming up with innovative ideas.
Experimenting is best suited for generating data on what might work in the future (Dyer et al, 2011). Dyer et al (2011) also stated that experiments are key to innovation because they rarely turn out as you expect and you learn so much. In one’s organization the experiments that are conducted are called trials and it is usually first tried on one unit before moving on to the next with most of the problems solved. Experimenting impacts innovation in an organization because the leader may implement an idea that actually works and brings value to the company. To be a leader of innovation it is important that when an employee comes up with what they think is a great idea, it is important to find a way to trial it. By at least trying it to see if it will work will build their confidence to bring more ideas and the team can work to figure out what is working and what is not. Many nurses do this more often than not because they have to be creative in caring for the many different patients that they see each week. One is reminded of the time when it seem like a great idea to find a way to invent tape that did not stick to gloves because it slowed a nurse down during dressing changes. This may have gotten further had one had a leader that supported and encouraged innovation. With that in mind, it pushes one as a leader to be more supportive and take all ideas into consideration when trying to solve problems on one’s unit and organization. It seems that the biggest barrier to staff being innovative is the lack of innovation in leaders.
Nayer

Evaluation
Nayer was able to do that by turning the organizational pyramid upside down. Nayar was able to connect the importance of focusing on the frontline staff by networking with customers and realized that they spoke about the employees more than the products, services and technologies. Initially he was interested in knowing how the customers felt about the products, services and technologies thus focusing on those but instead learned that his focus needed to be on the frontline employees. He then had to be creative and come up with a strategy to engage, encourage and enthuse employees which was the Employees First, Customer’s Second (EFCS) model. This concept was different and innovative because it was unusual for companies to put the accountability for change on the frontline staff versus the CEO and leaders.

Conclusion

References

Similar Documents

Free Essay

Pest Analysis

...PEST Analysis One way of planning your business is to undertake a PEST analysis.1 PEST analysis involves looking at the Political, Economic, Socio-cultural and Technological factors that could affect your business. Every business needs to consider a range of external forces in order to take decisions. For many people imagination is very limited and is coloured solely by their own experience and personal beliefs. This can lead to wish fulfilment or a refusal to see reality or recognise the critical changes that are happening in the world around them. It can also lead to grabbing short-term solutions that, if they do not exacerbate problems, certainly ignore the longer term. In the business world pressure is often applied to take decisions quickly, acting on judgement and instinct rather than careful analysis. There are many driving forces in the external environment that might impact on your business. These can be categorised as: • Social; • Technological; • Economic; • Environmental; and • Political. Social forces Social forces include, for example, changing demography and education, etc. The population in Western Europe is relatively static, but the age bands are changing. The number of older people, for example, is growing rapidly. Technological forces Technological forces are changing dramatically quickly. What effects will this have on your production, marketing and distribution plans? Depending on your market, technology might either raise or lower entry barriers...

Words: 371 - Pages: 2

Free Essay

Role Analysis

...ROLE ANALYSIS: SOME DEFINITIONS WHAT IS A ROLE? A Role is defined as the “position an individual occupies in a organization, and is identified by the functions and activities he/she performs, in response to the “expectations” of “significant members” in the organization and organizational requirements. WHO IS A ROLE OCCUPANT? The individual who occupies that role is called the Role Occupant. WHO ARE ROLE SET MEMBERS? “Significant members” are those members with whom the Role Occupant has a direct relationship with, which leads them to have certain expectations from the Role Occupant. These ‘significant members’ are called the Role Set members. HOW DOES ROLE ANALYSIS HELP? The process of analyzing the role is termed as a Role Analysis exercise. In a Role Analysis exercise, the role being analyzed is called the Focal Role. A Role Analysis exercise reduces role ambiguity, role conflicts, individual stress and general dissatisfaction from the Role Set members. WHAT ARE KEY RESPONSIBILITIES? KRs are broad group of activities that reflect the main contribution of the Role to the organization and its members. It is more developmental and value added in nature, and spans a long-term horizon. It is therefore defined by what the person can do, based on his/her own assessment as well as those of role set members, who feel the role occupant can perform, with support and training. WHAT ARE ROUTINE RESPONSIBILITIES? RRs are those activities, mainly of a maintenance type...

Words: 465 - Pages: 2

Premium Essay

Job Analysis Examination

...------------------------------------------------- Running header: Job Analysis Methods ------------------------------------------------- Abstract Examination of different methods utilized to create a comprehensive job analysis, including advantages and disadvantages of all approaches. There are several methods that can be utilized to create a comprehensive job analysis. A job analysis provides a better understanding of the positions within an organization, which will allow the recruitment process to be more focused, consistent and thorough. The first method that can be employed to create an effective job analysis is the Critical Incidents Technique. This technique identifies circumstances that arise in a current position, what action was taken, and the consequences of the action, to identify the effective and ineffective behaviors in job performance. These critical situations are documented by interviewing former jobholders, supervisors, or by reviewing documents and logs from the job. Job duties are examined, and then critical incidents are identified to determine poor or good performance issues related to a specific job requirement. This technique is useful for covering job events that may not be covered in a general job description. Identifying atypical circumstances that may arise in a position can aid in finding a candidate that would be an ideal fit. Reviewing these critical incidents also enable the recruitment process to be shaped to include more pointed questions...

Words: 916 - Pages: 4

Premium Essay

Pest Analysis Italy

...BLEND TWO COUNTRY ANALYSIS ITALY Task: You will carry out an analysis of Italy today in order to have a general idea of its current state of affairs. To do this you will visit several sites to gather the necessary information. This information should then be transferred in note-form onto the table below. You will then use these notes to give a short, informal presentation during the following class session. Procedure: You will use a well-known analytical tool: THE PEST ANALYSIS. Although this tool was originally created for the business environment, it is now used in many sectors to analyse organisations, projects and systems. STEP ONE: WHAT IS A PEST ANALYSIS 1. First you need to find out what a PEST analysis is: Go to http://www.rapidbi.com/created/the-PESTLE-analysis-tool.html#political Read quickly through the information and write short answers to the following questions: What sort of picture does a Pest analysis offer? Why is it important to take these factors into account? What are some common uses of the Pest? In what situation might you use a Pest in your own professional context? The Table below gives some of the indicators which may be relevant for each category. Can you think of any other factors to consider? Add them to the corresponding column. PEST ANALYSIS TEMPLATE Political / Legal Economic Social Technological - Government organisation / attitude - Economic growth (overall; by industry sector) - Income...

Words: 615 - Pages: 3

Premium Essay

Industry Analysis

...the time to look at the macro and the micro environments when completing their business plans and strategies. These external forces will play a big part in shaping the final outcome of the ultimate corporate achievement. Yet, most managers focus only on internal factors and it is fair to say that sales growth and profits remain high on their agenda. The macro environment tends to have a long term impact and requires extensive research. Couple this with the fact that many managers are over worked and under resourced and we begin to see why the process is often not completed. There is no published evidence to confirm this hypothesis, just anecdotal hearsay. The remainder of this article will illustrate an example of a Macro or PESTLE analysis for the pharmaceutical industry. It is set at a very general level but it can be used as a template or adapted to be more specific if required: Political There is now growing political focus and pressure on healthcare authorities across the world. This means that governments will be looking for savings across the board. Some of the questions the industry should ask are: What pressures will be put on pricing? What services will be cut? Will the same selection of drugs be available to everyone? In addition to this, could there be more harmonization of healthcare systems across Europe or the USA? What impact will reforms have on insurance...

Words: 252 - Pages: 2

Premium Essay

Analysis

...impact on Sino Techfibre 14 5.1 SWOT analysis 14 5.1.1 Strengths 14 5.1.2 Weaknesses 14 5.1.3 Opportunities 14 5.1.4 Threats 15 5.2 Globalisation 16 5.3 Porter’s five forces 16 6.0 Profit/loss statement 18 7.0 Balance sheet 19 8.0 Assumptions and predictions for 2010, 2011 and 2012 22 9.0 Evaluation of financial performance 22 9.1 Operating profit margin 23 9.2 Interest expense rate 23 9.3 Financial leverage multiplier 24 9.4 Tax retention rate 24 9.5 Total asset turnover 25 9.6 Return on equity (ROE) 25 10.0 Valuation process 26 10.1 Beta coefficient (β) 26 10.2 Risk-free rate (Rf) 26 10.3 Expected return on market portfolio (Rm) 27 10.4 Risk premium 27 11.0 Dividend discount model (DDM) 28 12.0 Free cash flow to equity (FCFE) model 30 13.0 Price/Earnings (P/E) ratio model 32 14.0 Net tangible asset backing model 34 15.0 Price/Book value (PBV) ratio model 35 16.0 Valuation and recommendation 36 17.0 Reference 38 18.0 Bibliography 40 19.0 Appendix 41 Executive summary This report seeks to achieve successful investment strategies, which requires discipline, patience and a good foundation in the concepts of finance and investment, through a fundamentalist top-down approach to analyse and value a listed public organisation. Sino Techfibre Limited will be the basis for the valuation analysis. Firstly, a brief description of the company will be provided. Next, an analysis...

Words: 8081 - Pages: 33

Free Essay

Analysis

...ORIGINAL WORK AND MATERIALS HAVE NOT BEEN COPIED FROM ANY OTHER WORK (PUBLISHED OR | |OTHERWISE) WITHOUT ACKNOWLEDGEMENT IN THE TEXT. I AM FULLY AWARE OF THE PENALTY OF PLAGIARISM. | | | | |Student’s Name: |Admission No: | I. Company Analysis A. Background [Describe the company’s background.] B. Business Segmentation [Analyse the different businesses of the company.] C. Geographical Segmentation [Analyse the different geographical markets of the company.] D. SWOT Analysis [Perform a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis on the company.] II. Industry Analysis and Peer Valuation A. Porter’s FIVE (5) Forces [Perform the Porter’s FIVE (5) Forces analysis on the industry.] B. Peer Valuation [Perform a peer valuation of the THREE (3) companies using both the extended DuPont and the relative valuation ratios.] III. Company Valuation A. Historical Trends [Using at least THREE (3) years of the company’s historical data, show the historical trends for ratios from ANY FOUR (4) of six primary groups of financial ratios.] B. Forecast [Using ANY ONE (1) of two forecasting techniques, show the steps to estimate at least ONE (1) year forecast of...

Words: 293 - Pages: 2

Premium Essay

Analysis

...Jameelah Ross Case 5 Module 5 Factor analysis of survey data confirmed three factors: comfort with research and statistics; the relationship of research and statistics to work; and interest in research and statistics. Pre- and post-survey and achievement data has to be gathered, as well as demographic data. In the quest to improve post-secondary learning environments, team teaching as an androgogical tool has enjoyed sporadic attention, both historically and institution-ally. Instructors and students who have participated in collaboratively taught classes enthusiastically outline its benefits as compared to solo-taught courses. Some recommend team teaching as a fairly low-cost, yet innovative, method of enhancing instruction. “Team teaching most often refers to two or more faculty members who jointly produce a course (Davis,1995). The arrangements vary considerably among teams, and there seems to be little agreement on what constitutes the team part of team teaching or even what to call the arrangement—team teaching, co-teaching, co-enrollment, collaborative teaching, or cooperative teaching. However, empirical analysis of this practice remains scant, particularly over the last two decades. Thus, this study seeks to contribute to a fuller understanding of the efficacy of team teaching as a tool for the improvement of teaching and learning. In so doing, it asks and answers: Is there a statistically significant difference in student...

Words: 502 - Pages: 3

Premium Essay

Analysis

...Abstract This paper will include results regarding the following analysis: Benefits versus Intrinsic, Benefits versus Extrinsic, and Benefits versus Overall Job Satisfaction. Charts and graphs have been included into this report.   Introduction The information that is provided in the charts and graphs shows the statistical numbers based on the number of employees that were included in the company survey. You will see the differences and similarities between the three categories provided. Benefits and Intrinsic Job Satisfaction Regression output from Excel SUMMARY OUTPUT Regression Statistics Multiple R 0.057961607 R Square 0.003359548 Adjusted R Square -0.012460142 Standard Error 1.08903837 Observations 65 ANOVA df SS MS F Significance F Regression 1 0.251866 0.251866 0.212365 0.646507 Residual 63 74.71829 1.186005 Total 64 74.97015 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 4.8423386 0.424293 11.41273 5.62E-17 3.994457 5.69022 3.994457 5.69022 Benefits 0.03929547 0.085271 0.460831 0.646507 -0.1311 0.209696 -0.1311 0.209696 Graph Benefits and Extrinsic Job Satisfaction Regression output from Excel SUMMARY OUTPUT Regression Statistics Multiple R 0.324324066 R Square 0.1051861 Adjusted R Square 0.090982705 Standard Error 0.570612506...

Words: 639 - Pages: 3

Premium Essay

Pest Analysis

...PEST and PESTLE analysis is a framework used in the environmental scanningcomponent of strategic management. Under PEST and PESTLE analysis are externalfactors which are the major players in the success and failure of an organization. Politicalfactor is the government intervention in the economy. This includes tax policy, labour andenvironmental law, trade restrictions, tariffs, and political stability. Under Economic factor iseconomic growth, interest and inflation rates. These factors directly affect the cost of capitalin business operation as well as the costs in exporting goods and the supply and price of theimported goods in the economy. Social factors include cultural aspects, population growthrate, health consciousness and age distribution while... PEST Analysis The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business. A PEST analysis is a business measurement tool. PEST is an acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. Political The political area has a huge influence upon the regulation of a business and the spending power of consumers and other businesses. Before I put my product on the market I need to consider issues such as: Tax policy: I will need to look at certain levels of tax. If tax is high it can affect the incomes of customers and it might...

Words: 662 - Pages: 3

Premium Essay

Job Analysis and Rewards

...Chapter 04 Job Analysis and Rewards Answer Key   Changing Nature of Jobs   True / False Questions   1. In most modern organizations, jobs are largely well established and change little over time.  FALSE   2. Job analysis is the process of studying jobs in order to gather, analyze, synthesize, and report information about job requirements.  TRUE   3. Competency based job analysis seeks to identify and describe the specific tasks, KSAOs, and job context for a particular job.  FALSE   4. The traditional way of designing a job is to identify and define its elements and tasks precisely and then incorporate them into a job description.  TRUE   5. Traditional job design is marked by formal organization charts, clear and precise job descriptions and specifications, and well-defined relationships between jobs.  TRUE   6. Changes to jobs have become so radical that the concept of "jobs" is no longer a useful concept in most organizations.  FALSE   7. Advances in technology are one of the major reasons for changes in jobs.  TRUE   8. A job family is a grouping of positions that are similar in their tasks and task dimensions.  FALSE   9. The smallest unit into which work can be divided without analyzing separate motions, movements, and mental processes is called an element.  TRUE   10. Many small-business owners, general managers of start-up strategic business units, and top management members perform flexible jobs...

Words: 3120 - Pages: 13

Premium Essay

Business Analysis, Swot Analysis

...SUMMARY Over 6 years of Business Analysis experience with in-depth knowledge of business processes in health care, banking and financial industries ▪ Experienced in interacting with business users to identify their needs, gathering requirements and authoring Business Requirement Documents (BRD), Functional Requirement Document (FRD) and Software Requirement Specification (SRS) across the deliverables of a project. ▪ In-Depth Knowledge in facilitating Joint Application Development (JAD), Rapid Application Development (RAD) and Joint Requirement Planning (JRP) sessions, interviews, workshops and requirement elicitation sessions with end-users, clients, stakeholders and development team. ▪ Strong Knowledge with Iterative approach for Software Development as per Rational Unified Process (RUP). Involved in inception, elaboration, construction & transition phases using rational tools like Requisite Pro, Clear Case and Clear Quest during various phases of RUP. ▪ Experienced in Business Analysis, SWOT Analysis, Gap Analysis, Risk Analysis, Disaster Recovery Planning, Testing and Project Planning. ▪ Extensive knowledge of Medicaid, Medicare, Procedural and Diagnostic codes and Claims Process. ▪ Expertise in EDI and HIPAA Testing Privacy with multiple transactions exposure such as Inbound Claims 837-Institutional, 837-Professional, 837-Dental, 835-Claim Payment/Remittance Advise, 270/271-Eligibility Benefit Inquiry/Response, 276/277-Claim Status Inquiry/Response...

Words: 2730 - Pages: 11

Premium Essay

Walmart Pest Analysis.

...Environmental background- Every company uses a tool to check and track the environment they are operating. Walmart uses the PESTLE analysis, which sometimes reffered as PEST analysis, is a concept of marketing principles . Moreover, this comcept is used as a tool by companies to track the environment they are operating in or planning to launch new product or service. PESTLE is a mnemonic which expanded form donates to P-Political, E- Economic, S-Social, T- Technology, L-Legal, and E-Environmental. Let’s see the few below for Walmart- • Political and Legal Environment Walmart donates to the governor but at times it still faces some huge problems like- locking up the employees in store at night, fake sustainability displays, gender discrimination, labor union problems, etc. Till 1998 no steps has taken towards the political aspect and in 2006 it rises up as the No. 1 corporate political contributor. Unstable government also caused hindrance in the path of company expansion. For instance- Walmart was unable to expand in South Africa due to unstable and no proper direction government. • Economic Environment Fortune Magazine named Wal-Mart the nation's most admired company. It now has more revenue and more employees than any other U.S. company. Wal-Mart's growth over the last decade is unprecedented -- the company has gone from being a successful discount retailer to being a dominant force that no other retailer can ignore. When recession hits US, Walmart is one of the...

Words: 368 - Pages: 2

Premium Essay

Swot Analysis

...Strategic Management: SWOT analysis’ advantages and disadvantages Decision-making and problem-solving techniques Strategic Management is defined as a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes a variety of tools and analysis which help implement, evaluate and control the general strategy of a company. Strategy formulation begins with a situational analysis and it emphasises the monitoring and evaluating of external opportunities and threats in light of a corporation´s strengths and weaknesses (Wheelen and Hunger, 2006; Saloner et al., 2001). Objective The objective of this report is to describe, analyse and discuss advantages and disadvantages of a concept named SWOT which is an acronym for Strengths, Weaknesses, Opportunities and Threats. These concepts are frequently used as tools for analyzing the external environment of an organisation as well as the internal factors that constitutes its structure (Wheelen and Hunger, 2006). History SWOT analysis came from a research conducted at Stanford Research Institute in the 1960´s. The creation of the SWOT analysis comes from the need to find out why corporate planning failed. The research was funded by the fortune 500 companies to find out what could be done about this. Albert Humphrey together with his team began testing this tool and it suddenly became a corporate planning trend, which seemed to appear first at Du Pont in 1949 (Morrison, 2009; Friesner...

Words: 2571 - Pages: 11

Premium Essay

5c Analysis

...5C Analysis While a situation analysis is often referred to as the "3C analysis", the extension to the 5c analysis has allowed businesses to gain more information on the internal, macro-environmental and micro-environmental factors within the environment. The 5C analysis is considered to be the most useful and common method in analyzing the market environment due to the extensive information it provides to a business. Company The analysis of the company allows for the evaluation of the company's objectives, strategy and capabilities. These areas indicate to an organization about the strength of the business model or whether there are areas for improvement, as well as how well an organization will fit with the external environment. Goals & Objectives: An analysis on the mission of the business, the industry of the business and the stated goals required to achieve the mission. Position: An analysis on the Marketing strategy and the Marketing mix. Performance: An analysis on how effectively the business is achieving their stated mission and goals. Product line: An analysis on the products manufactured by the business and how successful it will be in the market. Competitors The competitor analysis takes into consideration the competitors position within the industry and the potential threat it may pose to other businesses. The main purpose of the competitor analysis is for businesses to analyze both the current and potential nature and capabilities of a competitor in...

Words: 762 - Pages: 4