...` Content Pg I. Introduction 1. Introduction 2 2. Objective 2 II. Executive Summary 3. Executive summary 2 III. Assignment 4. Task 1 Understanding the process of strategic planning 3 5. Task 2 Formulating a new strategy 11 6. Task 3 Approaching to strategy evaluation and selection 17 7. Task 4 Implementation a chosen strategy 20 IV. Conclusion and Reference 8. Conclusion 23 9. Reference 23 1. Introduction As Myanmar is at the time of third wave changing policy, the economy of Myanmar has increased massively very fast. So all the company, business and firms need to catch up with this and have to compete with the new comer foreign companies and business firms. " Star Engineering Group Company, Ltd " is also one of them and is being engaged with some problems within it. They are encountering with staff confusions, wastages, delays works, lack of motivation and conflicts. And expected sales and profit are often less than what corporate management wants to be. However, they take no interest in any audit and pay no attention to strategic planning of the organization. So I have to discuss with the corporate management how important is the business strategy, how to formulae a strategy, how to adopt approaches to strategy evaluation and how to implement it. 2. Objective * To understand...
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...: Course: Intro to Supply Chain & Operations Management (OPER1160) A Firm located in Bangalore, India, has approached High Bar Communication with a proposal to outsource the online help desk function. Based on five Performance dimensions/criteria, research and other factoring reasons, I will submit my proposal on whether or not I believe High Bar should continue to in source this function, or outsource to the firm in Bangalore. There are many factors to consider, for both options can have positive effects on this organization and its mission. Both options demonstrate advantages and disadvantages associated with them. : High Bar communications is an internet service provider who caters to individual consumers and small businesses who require a high level of service. A firm in Bangalore, India has proposed High Bar Communication with outsourcing its online help desk. All their personnel are fluent in English and have a college degree or an appropriate technical background. The online help desk exists on the internet; therefore customers should not be aware of the switch. An article written by Bradley Hecht states that increasing user demands and a lack of clear leadership within the industry are forcing IS organizations to reevaluate the role of tomorrows help desk today (3). Technology has altered the world in the last decades. Advancements made in computers and in telecommunications allowed for an increased integration between...
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...Management, Inc., the first company to introduce the concept of professionalizing property management in the Philippines. In 2000, the company merged with Savills, a UK-based property services group, and became FPDSavills. In 2005, the company became a wholly-owned Filipino company and became what it is known today – FPD Asia Property Services, Inc. In accordance with our ISO 9001:2008 and 14001:2004 certifications, FPD Asia adheres to its Quality, Environmental, Health & Safety Policy — In fulfilment of the vision to be the premier property services company in the Philippines, FPD Asia Property Services, Inc. is committed to provide client satisfaction while promoting a green environment in a healthy and injury-free workplace. Thus, we shall be: * Focused in fulfilling the needs of our present and future clients by providing high quality and cost-effective property and facilities management services in accordance with international standards; * Persistent in promoting, establishing and maintaining the QEHS management system by continually reviewing the set objectives, targets, and programs while complying with applicable legal and other requirements; and * Diligent in communicating this policy, applicable QEHS systems and practices to our employees and other interested parties to ensure that it is well understood and implemented. FPD Asia is headed by Ms. Elizabeth Rabuy (Director and General Manager) and her daughter Atty. Eleanor Rabuy (HR and Administration...
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...Introduction- The 7S model is a strategic model that can be used for any of the following purposes: * Organizational alignment or performance improvement * Understanding the core and most influential factors in an organization’s strategy * Determining how best to realign an organization to a new strategy or other organization design * Examining the current workings and relations an organization exhibits The model, made famous by the McKinsey consulting company, is good for a thorough discussion around an organizations activities, infrastructure, and interactions. -The model and its usage- Here is the 7S model that portrays seven elements of an organization. I define the elements as follows: Strategy – This is the organization’s alignment of resources and capabilities to “win” in its market. Structure – This describes how the organization is organized. This includes roles, responsibilities and accountability relationships. Systems – This is the business and technical infrastructure that employees use on a day to day basis to accomplish their aims and goals. Shared Values – This is a set of traits, behaviors, and characteristics that the organization believes in. This would include the organization’s mission and vision. Style – This is the behavioral elements the organizational leadership uses and culture of interaction. Staff – This is the employee base, staffing plans and talent management. Skills – This is the ability to do the organization’s...
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...qualified for the tasks they entail hence making their workforce more efficient and supplying outstanding service. The purpose of this assessment is to investigate the weaknesses that are presented in the operations of Aircraft Solutions (AS). While conducting this assessment, we will expose vulnerabilities; give an analysis of any relative threats, risks that will be addressed and a comprehensive analysis of the relative threats and consequences pertaining to this mission. Assessment and Investigation After carefully examining the three sections pertaining to Aircraft Solutions, we found that policy and hardware related issues require special attention. We found that Aircraft Solutions does not utilize any firewall between the commercial division and the Internet Gateway. In fact, we exhibited that the Department Defense routes their traffic through their Headquarters, while the Commercial Department directly connects to the Internet. This is considered as a red flag that MUST be addressed. A vulnerability in the security policy, that we considered as a red flag is that the routers and firewall rule-sets are assessed and audited once every couple of years. We believe that the routers and firewalls should be in...
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...12FN-104 Operational Risk Management By Rishabh Jain 12FN-104 June, 2013 Operational Risk Management By Rishabh Jain 12FN-104 Under the guidance of Shri Rahul Gupta Dr. Seeta Gupta Senior Consultant Associate Professor, HR & OB Area Ernst & Young, India IMT, Ghaziabad June, 2013 Certificate of Approval The following Summer Project Report titled "Operational Risk Management" is hereby approved as a certified study in management carried out and presented in a manner satisfactory to warrant its acceptance as a prerequisite for the award of Post-Graduate Diploma in Management for which it has been submitted. It is understood that by this approval the undersigned do not necessarily endorse or approve any statement made, opinion expressed or conclusion drawn therein but approve the Summer Project Report only for the purpose it is submitted. Summer Project Report Examination Committee for evaluation of Summer Project Report Name Signature 1. Faculty Examiner Dr. Seeta Gupta 2. PG Summer Project Co-coordinator Mr. Rahul Gupta Certificate from Summer Project Guides This is to certify that Mr. Rishabh Jain, a student of the Post-Graduate Diploma in Management, has worked under our guidance and supervision. This Summer Project Report has the requisite standard and to the best of our knowledge no part of it has been reproduced from any other summer project...
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...Royal Caribbean Cruises Ltd. Step 1 Vision statement Our vision is to empower and enable our Employees to deliver the best vacation experience for our Guests, thereby generating superior returns for our shareholders and enhancing the well-being of our Communities. Mission statement We always provide services with a friendly greeting and smile. We anticipate the needs of our customers. We take ownership of any problem that is brought to our attention. We are loyal to Royal Caribbean and Celebrity and strive for continuous improvement in everything we do. Objectives Royal Caribbean Cruise (RCC) ultimate objective is to maximize long-term shareholders value. Strategies RCC strategy is to increase the awareness and market penetration of their brands globally. Step 2 Vision We intend protect the health, safety and security of our guests and employees and protect the environment in which our vessels and organization operate. Mission Focus on cost efficiency, manage our operating expenditures and ensure adequate cash and liquidity, with the overall goal of maximizing our returns on invested capital and long-term shareholder value. Step 3 Opportunities * Construction of new mega-ships creating publicity * European Market * Increase in online booking by customers * Increase in social media popularity * Six primary cruise line brands * Asia’s large population market * Moderate growth in the U.S. economy Threats * Cruise ships are...
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...factors : an industrial environment which is marred by stiff competition and an operating environment which is filled with key player of the various sectors. All organizations are dependant to the environment. Being that the environment is dynamic, it changes fast changing and very turbulent. For organization to survive they have to adapt to these changes, they need to breed excellent strategies to coexist and survive. Strategy has been defined by Thompson and Strickland (1995) as a game plan management has for positioning a company in its chosen market arena, competing successfully to achieve a good business performance. Among other definition strategy is a long term direction for any organization and to achieve a competitive advantage. We need a strategic management plan to implement any strategy. The strategic process is guided as below: Determining the vision and mission of the firm Vision and mission provide direction and scope for the firm’s activities. A good vision must be clear, concise, customer bound and ideal. A vision is the strategic intent of an organization. On the other hand a mission is a fundamental unique purpose that sets an organization, apart from other organizations of its type and identifies its scope of operation. Vision and mission offers a unifying theme for an organization and communicates what is to be achieved. It also...
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...INTRODUCTION This section explains why risks exist and highlights the purpose and importance of the risk management plan. It provides a general description of why risk management is essential to effectively managing a project and describes what is needed before risk management can begin. As organizations begin new projects they begin operating in an area of uncertainty that comes along with developing new and unique products or services. By doing so, these organizations take chances which results in risk playing a significant part in any project. The purpose of the risk management plan is to establish the framework in which the project team will identify risks and develop strategies to mitigate or avoid those risks. However, before risks can be identified and managed, there are preliminary project elements which must be completed. These elements are outlined in the risk management approach. This project is considered a medium risk project as it has an overall risk score of 24 on a scale from 0 to 100. The project risk score is the average of the risk scores of the most significant risks to this project. A risk score below 16 is low risk project, a score between 16 and 45 is a medium risk project and a score above 45 is a high risk project. Before risk management begins it is imperative that a foundation is established for providing structured project information, thus, the following project elements were completed and defined prior to developing this Risk Management...
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...Risk Management Student Name Institution Risk Management for a Satellite Development Project When a project manager talks about a project risk management plan, what comes in the participant mind? The list and document that have a number of foreseeable risk, estimated level of impacts as well as the established responses to issues. This establish the risk assessment matrix which help to assess the level of impact as it occur. The risk is an event that has a positive or negative impact to a project and is inherent to any project. The plan contains analysis of risk as a high or low impact as well as the mitigating strategies that aid in meeting the schedule of the project. The mitigating strategies may involve one or more of the following strategies; risk avoidance by change of plan, risk control or mitigation which is taking chance of the impact as well as likelihood of occurrence, risk acceptance or risk transfer to a third party through sub-contracting. However, after development, the plan should be reviewed from time to time to avoid the change of risk without knowledge. Issue that may arise due to lack of a risk management plan Lack of a contingent plan to avert risk in a project can have adverse effect. The project team may be faced with the challenge of analysis by paralysis. Due to lack of prier knowhow of any risk inherent to the project, the team may be lost in the process of analysis of data when risk avails. This put them in a compromising situation...
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...520 Quantitative Analysis September 16, 2012 Module 2 Answer to selecting two problems from my own experience, describing problems, the improving principle and the principle that I do not want to worsen. The scenario also wants me to make use of the Triz contradiction matrix to identify suggested principles to resolve the contradictions. As stated by economists, the desires of man are unlimited while the resources or means to satisfy these desires are limited in supply. This has been so since creation and it has never changed. Even though the world has advance nowadays through information technology and other new inventions, the desires of man keep advancing and complicating far above these inventions. The big companies are doing everything to satisfy the need of human beings but because of the complex nature of these needs they cannot be satisfied. The need to solve these ever ending problems of human beings have drive people to form organizations where people can come together with a common purpose to look at a specific problem and try to find solutions to them. For instance if we think about the common problems we face in our offices and our everyday life and how we strive to solve these problems, we will realize that life itself is about constantly finding solutions to ever ending problems. The important economic concepts of scarcity come into play here. By scarcity economics mean that the wants and desires of human beings are unlimited and the means to satisfy them...
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...countries and servicing 286 million customers a year”(Moon, 2004). Despite the fact that IKEA has acted upon several smart actions in the past, there are certain factors that can account for their success today. These include their unique Scandinavian design, their low cost products or mentality, their broad segmented market, and their product strategy. As IKEA was founded in Scandinavia, the inspiration for design comes from their heritage comes through among IKEAs products. The designs are simple, yet unique, which allows IKEA to keep their promise to bring forth low priced, yet functional furniture. “Many competitors try to copy one or two of these things”(Moon, 2004), but “the difficulty is when you try to create the totality of what we have”(Moon, 2004). Not being able to imitate IKEA, makes its unique design and economies of scale a core competency that puts their company at a competitive advantage, stealing market share from their competitors. Another factor that has contributed to IKEAS success is their low pricing strategy by being cost efficient. The two major players that help maintain expenses down for IKEA is the self-service component and “flat packaging”. Customers pick up and assemble their own furniture, because IKEA “doesn’t charge you for things you can do on your own”(Moon, 2004). For self serve to work, the concept of “flat packaging” was introduced to assist with easier transportation. This saves 6 times more volume space on shipping. In addition, it leads...
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...| Risk & Control Assessment | | Control Matrix – Narratives - Summary | | Risk & Control Assessment | | Control Matrix – Narratives - Summary | Bob, Inc November 14, 2012 Authored by: Sara Colle, Aaron Hughes, Mohammed Kahn, Paul Koller Bob, Inc November 14, 2012 Authored by: Sara Colle, Aaron Hughes, Mohammed Kahn, Paul Koller interoffice memorandum to: Jim Reinhard, ceo from: group 1 subject: risk assessment report date: 11/14/2012 cc: Mr. Reinhard, We have completed our risk assessment as requested by management. The following report will take you through our completed risk matrix, narratives about the risks and controls, and provide a summary of our findings. The areas covered include: * BCP/Disaster Recovery * Backup and Recovery * Physical Security * Logical Security * Documentation and Policies & Procedures * Change and Patch Management * Computer Operations We hope that this assessment meets your requirements. Should you have any additional questions please feel free to contact anyone of the individuals below that assisted in the preparation of the report. Best Regards, Sara Colle, Aaron Hughes, Mohammed Kahn, Paul Koller Business Continuity Planning and Disaster Recovery 1. RISKS – Loss of customers, loss of profits, loss or reputation, loss of government approval to do business Hurricane Sandy recently paralyzed New York City, the financial capital of the world. This...
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...for brainstorming, document reviews, the Delphi technique, interviewing of key stakeholders, SWOT analysis, risks checklists, assumption analysis, diagramming techniques, cause and effect, and influence diagrams. Next, would be the process to meet to discuss the risks attributed with the management areas. The risks to scope, schedule, and cost. Considering the past project as a lessons learned, there were benefits that could be utilized that can limit the risks. The risks particularly associated with the second Oresund Bridge project is in its infrastructure. There are presently 4 lanes roadway and a two way railway with tunnels connected. With the current infrastructure, design, strategy, and logistics are all sure to be risks laden. We would need to have worked through all alternatives in this process to the strategy of adding to an already stellar structure. These risks would be associated with the scope of the project. When working through these risks,...
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...cornerstone of project planning • • • • 2.1.1 Background studies and the analysis of stakeholders 2.1.2 Problem analysis - key to the project’s framework 2.1.3 Objectives reflect an ideal future 2.1.4 Strategic choices begin by fixing the project purpose 2.2. Planning with logic • • • • • • • • 2.2.1 Logical framework is a practical tool 2.2.2 Intervention logic states the strategy 2.2.3 Assumptions must hold 2.2.4 Indicators make the plan concrete 2.2.5 Approach describes how 2.2.6 Organisation determines roles and responsibilities 2.2.7 Budget details financial framework 2.2.8 Various roles of the project document 3. MONITORING • 3.1. How stakeholders monitor • • • • • • 3.2. Integrated approach facilitates monitoring 3.3. What is monitored and how 3.3.1 Progress reports 3.3.2 Annual Monitoring Reports 3.3.3 Other performance monitoring 3.3.4 Financial reports 4. EVALUATION 4.1. What...
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