...Your Motivational Speaker My name is Mai Biz, I’m a renowned guru and motivational speaker. I have been contacted by a national business organization to deliver a two-part seminar on a couple of today’s hottest business topics: Achieving Competitive Advantage and International Business. It is a great pleasure to be standing here in from of all of you today as I share my thoughts on some of the hottest business topics today, which are achieving Competitive Advantage and International Business. Show of hands, how many people feel that competitive advantage in business is an important topic to discuss? As over 90% of the crowd raised their hands, I felt that they were well aware of what competitive advantage is and very interested in my speech today. The other 10% that did not raise their hands will understand more about this business topic and I will address any questions that are necessary. I will begin this speech by defining competitive advantage. It is a position of a company in a competitive landscape that allows the company earning return on investments higher than the cost of investments. The goal is to keep money and sustain its position against competitors. Achieving competitive advantage strengthens and positions a business better within the business environment. As I have given everyone a brief explanation of what competitive advantage is, I will be discussing and connecting international business to competitive advantage. My thoughts on this subject is...
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...Walker define Human Resource Strategy (HRS) as “a set of processes and activities jointly shared by human resources and line managers to solve business-related problems”. I believe this definition assists on tackling the above question. However, Bamberger and Meshoulam “Conceptualise human resource strategy as an outcome: the pattern of decisions regarding the policies and practices associated with the HR system”. In my view, HRS is a set of ‘processes and activities’ that when implemented, result in an outcome. In aim to justify this statement by discussing the topic of human resource strategy in relation to the sub-headings listed above. By examining the reasons or ‘rationale’ for the emergence of human resource strategies in the modern business environment, the value, various strategy approaches, types and the concept of fit, I believe I can underline the importance of a well devised HRS to any overall business strategy or plan. Modern businesses and the economic environments in which they operate are very different from the organizations and economies examined by Chandler in his studies of ‘managerial capitalism’ (late 19th Century through to the 1970s). The development of technology, and the creation of global economies have resulted in a significant increase in efficient and effective competition within all industries operating in market economies. Firms con longer rely on competing aggressively simply on the reliable favorites of achieving economies of scale and creating...
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...Journal of Business and Management Vol. 5, No. 7; July 2010 Competitive Advantages and Strategic Information Systems Mahmood Hemmatfar, Ph. D. Faculty Member of Islamic Azad University, Brojerd Branch, Iran Mahdi Salehi, Ph. D. (Corresponding author) Assistant Prof. Department of Accounting and Management Ferdowsi University of Mashhad, Iran Tel: 98-912-1425-323 E-mail: Mahdi_salehi54@yahoo.com Marziyeh Bayat, Ph. D. Faculty Member of Islamic Azad University, Hamedan Branch, Iran Abstract Information edge and 3rd millennium predisposed so many of revolutions. Business organization with emphasize on information systems is try to gathering desirable information for decision making. Because of comprehensive change in business background and emerge of computers and internet, the business structure and needed information had change, the competitiveness as a major factor for life of organizations in information edge is preyed of information technology challenges. In this article we have reviewed in the literature of information systems and discussed the concepts of information system as a strategic tool. Keywords: Strategic information systems, Information technology, Information sciences, Decision support systems, Competitive advantages 1. Introduction The potential usefulness of different kinds of Information System (IS) for environmental management is well recognized (Díez et al, 2009). Perhaps we can say advances in information provision have led organizations to attempt...
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...Journal of Business and Management Vol. 5, No. 7; July 2010 Competitive Advantages and Strategic Information Systems Mahmood Hemmatfar, Ph. D. Faculty Member of Islamic Azad University, Brojerd Branch, Iran Mahdi Salehi, Ph. D. (Corresponding author) Assistant Prof. Department of Accounting and Management Ferdowsi University of Mashhad, Iran Tel: 98-912-1425-323 E-mail: Mahdi_salehi54@yahoo.com Marziyeh Bayat, Ph. D. Faculty Member of Islamic Azad University, Hamedan Branch, Iran Abstract Information edge and 3rd millennium predisposed so many of revolutions. Business organization with emphasize on information systems is try to gathering desirable information for decision making. Because of comprehensive change in business background and emerge of computers and internet, the business structure and needed information had change, the competitiveness as a major factor for life of organizations in information edge is preyed of information technology challenges. In this article we have reviewed in the literature of information systems and discussed the concepts of information system as a strategic tool. Keywords: Strategic information systems, Information technology, Information sciences, Decision support systems, Competitive advantages 1. Introduction The potential usefulness of different kinds of Information System (IS) for environmental management is well recognized (Díez et al, 2009). Perhaps we can say advances in information provision have led organizations to attempt...
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...Slide 1 [pic] Slide 2 LO 1.1 [pic] Sony Ericsson Company is a global provider of mobile multimedia devices and phone accessories. Strategic planning is important process for any organization, but usually fall. Sony Ericson is one of the examples. The reasons are different: the understanding of process of strategic planning are not clear as mission, vision, goals and core competencies, which affect the success of the company. Slide 3 [pic] Strategy of Sony Ericsson is to increase the internal growth with developing new products and technologies. Strategy is a plan for future development of organization, where the long-term goals are successfully achieved by structured decisions (Johnson et al, 2011). Sony Ericson strategy plan did not work, due to lack of understanding customer desires and preferences. To achieve organizational goals management has to develop the customer relationships. Slide 4 [pic] The Sony Ericsson company sees itself as a global brand accessible to everyone. All individuals can be heard. Company has a commitment to develop new communication products, which are accessible to everyone including and individuals with special needs. Sony Ericsson did not follow its commitment, due to lack of information of user desires, which have to be in centered design. The purpose of mission statement is to exceed customer’s expectations. Sony Ericson must deliver benefits and values to individuals. For example delivery channels...
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...Competitive Advantages Paper MGT/498 Competitive Advantages Paper In today’s global economy, more and more companies are finding it difficult to grow their business domestically. As domestic opportunities decrease, more and more organizations are finding themselves looking for opportunities in the global market searching for ways to gain a competitive advantage. In this paper, team A will analyze the competitive advantage Riordan Manufacturing, Incorporated (Riordan) has in common with other companies, and estimate which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market. We will also explain why we chose these competitive strategies and estimate how they might affect sustainability of long-term organizational performance. Finally, we will explain how the global market would affect the business strategy of Riordan. Competitive Advantage Strategies The three competitive strategies that Riordan can capitalize on to improve innovation and sustainability of business operations are research and development, purchasing, and logistics. Riordan us an industry leader in the field of polymer materials solutions and polymer materials research and development and patent licensing. The company should explore strategic advantages through its research and development functions as well as through its Operations Excellence model. Riordan employs detailed process systems and...
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...Wyoming? 1) The future direction of the monastery was to develop a strategic vision to achieve the purchase of a land to further expand the operations of the monastery. That is, the monastery would use the funding from donations and the coffee-roasting operations. However, operations of the coffee business would need to be further expand and improve in order to obtain the funding that would allow the monastery to achieve its vision and mission. 2) The biggest vision of Father Daniel Mary for the monastery included expanding it by acquiring the Irma Lake ranch for its current listed price of $8.9 million. This would enable to build a retreat center, a Gothic church, a convent for Carmelite nuns, hermitage and transform the small brotherhood of 13 monks to 30. 3) The vision of the Mystic Monk Coffee was to make the vision for the monastery a reality, by “turning the coffee into the land”; its profits will be towards purchasing the required land to expand the monastery; the main vision. 4) The mission of the Carmelite Monks of Wyoming was to be able to earn money to sustain themselves and be able to buy the Irma Lake ranch and further expand from 13 monks to 30 and build a gothic church, retreat canter and convent. 2. Does it appear that Father Daniel Mary has set definite objectives and performance targets for achieving his vision? Since the production of Mystic Monk coffee didn’t generate enough cash flows to pay for the Irma Lake ranch, Father Daniel Mary set...
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...very grateful to my family for encouraging me and for the valuable guidance and advices they have given me in finalizing this assignment. I am also grateful to Mr. Induneth De Silva for his guidance and advices from the beginning of the assignment. . Executive Summary Report contains a detail analysis on e-strategy plan for an organization and DFCC bank is chosen to analyze on business factors that underpin the e-strategy and developing a plan. Report comprises with; SWOT Analysis, Porter’s Generic strategies. Analysis on e-strategy plan, benefits, technical infrastructure required, alignment process with corporate strategy, discussion on processes to monitor the implementation process and challenges are included the report. E-strategy integrates all business functions easing and enhancing its flexibility to provide exceptional customer service through technologically advance devices, and networking as it will reduce manual errors, time-lapses and workload significantly. Important in achieving organizational goals and objectives in the competitive global market through the speedy, efficient and excellent quality service it could provide to the customers. 24/7 availability, attractive online offers, secured and easy payment methods, quick access to all the products and services definitely helps to reach beyond local customer base. Preparation of a proper implementation schedule is vital for the e-strategy success. Target...
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...lazarini | | | Work ExperienceResults driven leader with 25 year international experience in Supply Chain Operations including International Trade delivering breakthrough results in Productivity improvement and Cost/Inventory reduction while maintaining fundamentals in place regarding Safety, Quality and Internal Controls by applying Value Stream Mapping, Supply Chain Synchronization, Total Productive Management and High Performance Working Systems, working for P&G and Michelin companies having different assignments in USA, Costa Rica and Mexico. As International Trade leader, owned import-export process for Finish Product, Raw & Packing Materials and Spare parts for 21 Plants and 20 Distribution Centers in Latin America | | 2014- 2015. Senior Supply Chain Loss Elimination Leader Beauty Mexico & Argentina/Regional Loss Elimination Americas at Procter & Gamble. Owner of outbound and inbound logistics loss elimination for 3 Plants in Beauty Care Sector in Mexico and 1 in Argentina including End to End for Latinoamerica as well as Raw and Packing Materials imports, Supply Chain Synchronization and Losses Elimination Capability Owner for Beauty Care Americas including 4 Plants in USA, 1 in Brazil and 3 in Mexico. This job is a great match with my strong background in International Trade LA for P&G. since: 1) I am qualified in Customs Operation for LA countries. Customs Compliance (CC) reported to me as LA I-Trade leader during which I managed successfully...
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...1.0Title THE IMPACT OF TOTAL QUALITY MANAGEMENT (TQM) ON CUSTOMER SATISFACTION AND COMPETITIVE ADVANTAGE The proposed title for this research study is The Impact of Total Quality Management (TQM) to achieve competitive advantage in the Hospitality Sector. The research will give a background of information and literature review on TQM practices and how it enhances customer satisfaction by offering effective customer service. It will present various methodologies and approaches that will be used to achieve the research objectives. Total quality management has been evolving in the hospitality business since quality assurance was introduced in the 1980s (Breiter et al 1995) 2.0. Introduction The hospitality industry is a service based industry as services are produced and consumed in real time and are inherently variable – from customer to customer, from provider to provider and from time to time for the same customer and/or the same provider (John 2003). Total quality management (TQM) in the hospitality industry has risen to amazing levels due to preferences, customer behavior and competition to retain and attract new customers. This has resulted in the demand for quality service thus necessitating the need to implement TQM strategies to have a competitive edge over other players in the industry. Acceptance of TQM strategies in the hospitality industry (Raj Kumar, 2005), with service quality being an important factor for growth and survival is an integral part to achieve success...
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...Professor Rufus Robinson Assignment 3: Business-Level and Corporate-Level Strategies Business 499 February 17, 2014 The business that I chose to research is General Electric. GE is one of the oldest and largest businesses in the United States. They are ranked #26 largest firm in the U.S and the 14th most profitable. GE is a massive, diversified and profitable conglomerate with a lot of very good but unrelated businesses. GE has expanded to incorporate television, airplane engines, medical devices, household appliances and commercial financing. Analyzing GE’s business-level strategy is somewhat difficult being that GE has so many different divisions. Any of these products would serve as a large and viable business on its own but GE has them all under one corporate umbrella. GE’s business level strategy states “GE is building the world by providing capital, expertise and infrastructure for a global economy. GE Capital has provided billions in financing so businesses can build and grow their operations and consumers can build their financial futures. We build appliances, lighting, power systems and other products that help millions of homes, offices, factories and retail facilities around the world work better.” Figure 1 GE’s Organizational Structure and Business Portfolio. 2001 Figure 2 GE’s Organizational Structure and Business Portfolio. 2007 What is most important to the long-term success of GE is long term growth and investing in innovative opportunities...
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...Rajesh Tiwari Strayer University HRM 530 Prof. Mary Collins July 21, 2013 Question 1. Propose how you would ensure the HR strategy is in alignment with the business strategy. Ford Motor Company is the second largest is the auto maker company in America and the fifth largest auto maker company in the world. It was founded by Henry Ford and was established in the year 1903. The company produces heavy trucks, luxury car and various commercial vehicles under its own name. The company sales various automobiles and vehicles by the use of “Ford” brand and luxury car under the “Lincoln” brand. The company has employed around213000 employees in its ninety plants so that it can give its best result to its customers and to the society at large. Ford Motor Company provides a golden as well as incredible opportunity for most of the Human Resource professionals which they have never experienced in terms of cultural and global considerations. The company provides many opportunities to experience the expertise and technical knowledge for the manufacturing and design facilities. The company provides various training to the employees to deal with the complex business issues. The company does not leave any chance of their employees’ motivation and promotion. The company provides various opportunities in Labor relations, Business Operations, Work force planning and recruiting them, in Personnel Relations and learning and Development. Question 2. Describe the HR position and the responsibilities...
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... regional, corporate, and military aircraft, and is a major supplier for international space programs. Introduction A company is continuously faced with decisions to select among the factors that would make the business more attractive and focus on the ones that defines and aligns with its visions of “what it would like to be”. A company can overextend itself by attempting to have the best service or delivery time, the highest quality product, and the lowest cost; and could possibly result in failure. Therefore, it is inherent that a company use strategic planning to focus on primary objectives for long-term preparation and success. Hamilton Sundstrand and its sister companies are already market leaders in many established and mature markets; however, in order to continue its growth in the near future an examination of its long-term objectives is necessary. According to Pearce and Robinson, Strategic Management: Formulation, Implementation, and Control, there are seven common categories of long term objectives: profitability, productivity, competitive position, employee development, employee relations, technological leadership, and public responsibility (2007, pg. 180). Establishing long term objectives in these areas could potentially assist in achieving long term prosperity for Hamilton Sundstrand. This paper will evaluate and identify the best strategic alternatives in relation to the seven common categories that Hamilton Sundstrand must consider to realize growth....
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...3H Strategy & International Business 2001-2002 Sessions 1 & 2 The Elements of Strategy – Churchill Tableware A. INTRODUCTION The terms business policy, strategy, strategic management and corporate strategy tend to be used interchangeably by many management writers, although some attempt to derive distinctions between them. In many ways this reflects the nature of the subject as a relatively new academic discipline - where definitions and interpretations are still evolving. Never the less, there is an increasing recognition that, whatever name is used, its practice is a critical part of the management of most organizations. By introducing a number of definitions and frameworks for strategy, the aim is to establish a broad appreciation of the strategic management process, recognizing in passing some of the debates that continue within the subject. Such an appreciation can then provide a solid foundation for understanding how the tools and techniques of strategic analysis, covered in the rest of this module, can contribute to the strategic management process. Your Objectives After this session and once you have read the relevant articles & extracts, YOU WILL BE ABLE TO: • Outline a number of definitions and frameworks which describe the main elements of strategy. • Recognize some of the key debates and issues within strategic management. • Understand the context in which the tools and techniques of strategic analysis can contribute to the strategic...
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... Student Number: 15622057 2010. Impact of Operations Strategy in the success of Firms: A Case study of Bunge Limited i. Impact of Operations Strategy in the success of Firms: A Case study of Bunge Limited By Adawari Josiah Jumbo Student Number: 15622057 Submitted To Laureate Online Education & University of Liverpool – Online Masters Degree In Partial fulfillment for the award of Master of Science (M.Sc.) Degree in Operations and Supply Chain Management Instructor: Dr. Armin Zehtabchi 2010 ii. DEDICATION This project is dedicated to my beloved wife and children for their understanding and support. My Instructor, Dr. Armin Zehtabchi is also to share from this for his supportive challenges and encouragement. . iii. DECLARATION I hereby declare that the work done in this project is entirely mine and has not been presented to any University for the award of any degree; that it was supervised by Instructor, Dr. Armin Zehtabchi. Adawari Josiah Jumbo iv. ACCEPTANCE Accepted by, Laureate Online Education & University of Liverpool – Online Masters Degree, in partial fulfillment of the Master of Science (M.Sc.) Degree in Operations and Supply Chain Management. Instructor: _________________________________________ Dr. Armin Zehtabchi v. ACKNOWLEDGEMENT I have the pleasure to thank my Instructor, Dr. Armin Zehtabchi for his professional guidance...
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