...Audrey Mounts 00855650 MGMT 485W September 22, 2013 Strategic Mapping The automobile industry is a very large and diversified industry with many pros and cons to joining. By using Porter’s Five Forces we can better analyze whether or not becoming a part of the automobile industry is a good idea. The threat of new entrants to the automobile industry is very low due to their sources of entry barriers. Already in the industry are many well established names that carry brand loyalty to many of their consumers. With economies of scale, automobile purchases are not usually affected. People will always need vehicles no matter what the economy is doing. There are many large manufacturers already and each contains many of their own product differentiation. Toyota has cars, SUV’s, vans, and even a luxury line through Lexis, and that is just one of the many already well-established names in the industry. The capital requirements are really high. It takes a lot of capital to start and build a new name to the automobile industry. Even manufacturers that have been in the industry for a long time, such as Chrysler and GM, are realizing the struggles with maintaining the high costs of staying in the automobile industry. Switching costs are low. Because automobiles are priced competitively, if a consumer no longer likes Toyota than it is not difficult or costly to switch to a Ford automobile. Accesses to distribution channels are very easy to use. Because most automobile industries use...
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...CONSUM CASE STUDY 1. Identify and list Consum’s stakeholders, classifying them into internal and external and draw Consum’s power mapping. Consum`s Stakeholders: A stakeholder is an individual, group or organization with an interest financial or otherwise in the success or failure of a business. In this case, Consum has many stakeholders and should be considered as an unusual case as it as a cooperative and this affects the way Stakeholders behave within or outside the business. A cooperative is an autonomous association of people who voluntarily cooperate for their mutual, social, economic and cultural benefits. List of stakeholders: * Consumers * Employees * Government, which can be divided into European Government, state government and regional government * Ecologists * Financial institutions * Suppliers * Consumer`s association * Competitors * Fresh food suppliers * Electricity companies * Ecologists Stakeholders can be separated into Internal and External depending on whether they are groups within or outside the business. Internal Stakeholders: External Stakeholders: - Consumers who are members - Consumers not members - Employees - All types of government - Ecologists ...
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...Written Analysis of Dynacorp Case Dynacorp Revisited; the front/back organization Prepared by Bradford Bleidt The political lens looks at an organization from the perspective of “how power and influence are distributed and wielded, how multiple stakeholders express their different preferences and getting involved in (or excluded from) decisions, and how conflict can be resolved” (Ancona, Kochan, Scully, Van Maanen, and Westney, 1999: M-2, 10). The political lens sees a organizational situation “as an arena for competition and conflict among individuals, groups, and other organizations whose interests and goals differ and even clash dramatically”. “In the political perspective the roots of conflict lie in different and competing interest, and disagreements require political action, including negotiations, coalition building, and the exercise of power and influence, all of which recognize that rationality is local” (Ancona, Kochan, Scully, Van Maanen, and Westney, 1999: M-2, 33). The fundamental steps in “using the political lens to take more effective action in organizations include: mapping interest in power, getting buy in, finding allies and building a coalition, building a network, and building your negotiation skills” (Ancona, Kochan, Scully, Van Maanen, and Westney, 1999: M-2, 41). I will define and use all these concepts to analyze the political perspective/situation of Dynacorp; the front/back organization, a “major global information systems and communication company”...
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...Profile of the organization: The founder of this restaurant is Originally from New Delhi, India, Narender Kumar Behl started his career in 1979 as Leading Hotels Indian Tourism Development Corporation in New Delhi, Ashoka Hotel Oberoi Hotel Chains, Hotel Janpath, Hotel Siddharth are some examples where it has chosen to work. It was the best class cuisine in the entire Middle East, while in the Oberoi hotels. In 1988, Narender moved to Australia to become the head of Radisson Hotel Melbourne. Later he joined the staff of the Hotel Carlton Crest in Melbourne finish serving gourmet Indian flavors. Never thirst Narender Kumar Behl Bombay Club Restaurant was founded in 1994 and has more than a restaurant. He is supported by his wife Reeta Behl, son Abhishek Behl and a well trained team. Bombay Club Restaurant has become synonymous with the best Indian food has become. Since 1994 guests Bombay Club restaurant lit up the color and flavor of Indian culture. Tucked away but worth seeking, The Indian Restaurant Bombay Club is a haven for curry addict, offering the best of North Indian cuisine. Chef, skillful combination of spices and ingredients of your choice Narender Kumar Behl will make your mouth tingling leave. The flavors are well balanced and all the ingredients are fresh and of the highest quality. Managed innovation process: In the days of the Bombay Club restaurant was in a different place, a former restaurant he was like all the facilities in the former restaurant. Previously...
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...“Analysis of charcoal value chains general considerations” Steve Sepp – Eco Consulting Group - Germany On behalf of 1 Table of Content Introduction............................................................................................................................................. 2 Importance of promoting the charcoal value chain ................................................................................ 3 Common issues characterizing the charcoal value chain ........................................................................ 3 Analyzing the charcoal value chain ......................................................................................................... 4 Building a roadmap for charcoal value chain upgrading ......................................................................... 7 Conclusions............................................................................................................................................ 10 References ............................................................................................................................................. 11 Introduction Charcoal is a prime source of energy in most African country, as well as a driving force of their economies with estimated annual growth rates of around 3.7 percent [1]. Surprisingly enough, policy makers pay little attention to the ways in which charcoal is produced and sold – e.g. the question as to whether wood used for charcoal burning is harvested...
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...Global perspectives on governance: lessons from east and west While the core principles of governance are the same throughout the world, the Asian model places particular emphasis on trust and relationships. This paper discusses the key differences between the western and Asian approaches to help business leaders explore the best aspects of both. Conclusions 1. The corporate governance model that’s familiar in Asia, Africa and most developing nations places strong emphasis on trust and relationships. This can be beneficial for stakeholders: the typical pattern of ownership in businesses means that there can be a longer-term view of an organisation’s success compared with that in a western company. But the system is potentially vulnerable to corruption and cronyism. It can also be difficult to implement basic control procedures. 2. The prestige of what can be broadly termed the western governance model has diminished in the aftermath of the financial crisis. This model has driven globalisation and has emphasised a combination of legislation and standards as well as transparency, with a focus on developing appropriate structures, processes and frameworks. This is widely understood and helps to create a level playing field. But major financial failures over the past two years, such as that of Lehman Brothers, have shown that there are limits to what can be done to tighten checks and balances. A new emphasis on the behavioural aspects of governance is overdue. ...
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...Chapter 01 What Is Strategy, and Why Is It Important? Multiple Choice Questions 1. | Keeping in mind Apple's competitive advantage, which of the following products was introduced by Apple in 2007? A. | iPad | B. | iPhone | C. | iPod | D. | iTunes | | 2. | _____ is best described as an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. A. | Supply chain management | B. | Integrated technology management | C. | Strategic management | D. | Inventory management | | 3. | _____ is best described as a set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. A. | Behavior modification | B. | Strategy | C. | Credo | D. | Competency management | | 4. | Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal environments? A. | Strategy analysis | B. | Strategy implementation | C. | Strategy formulation | D. | Strategy control | | 5. | In _____, a firm frames a guiding policy to address the competitive challenge. A. | strategy control | B. | strategy implementation | C. | strategy formulation | D. | strategy analysis | | 6. | Through _____, a firm puts its guiding policy into practice by employing a set of coherent actions. A. | strategy control | B. | strategy implementation...
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...Chapter 1 The Corporation and Its Stakeholders McGraw-Hill/Irwin Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Ch. 1: Key Learning Objectives Understanding the relationship between business and society, and the ways in which they are part of an interactive system Considering the purpose of the modern corporation Knowing what is a stakeholder and who a corporation’s market and nonmarket and internal and external stakeholders are Conducting a stakeholder analysis, and understanding the basis of stakeholder interests and power Recognizing the diverse ways in which modern corporations organize internally to interact with various stakeholders Analyzing the forces of change that continually reshape the business and society relationship 1-2 Introduction – The Business and Society Relationship Business: Any organization that is engaged in making a product or providing a service for a profit Society: Human beings and the social structures they collectively create Business and society are highly interdependent 1-3 Introduction – The Business and Society Relationship We borrow “General Systems Theory (GST)” from biology to explain this relationship; first introduced in 1940s Theory posits that organisms cannot be understood in isolation, even though they have clear boundaries; they can only be understood in relationship to their surroundings Adapted to management theory means that business ...
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...Virtual Class ~ PutraLMS http://lms.upm.edu.my/ • Notes • Announcement • Assignment 1-3 1-3 Chapter 1 The Corporation and Its Stakeholders McGraw-Hill/Irwin Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Ch. 1: Key Learning Objectives Understanding the relationship between business and society Considering the purpose of the modern corporation Knowing what is a stakeholder and who a corporation’s market and nonmarket and internal and external stakeholders are Conducting a stakeholder analysis, and understanding the basis of stakeholder interests and power Recognizing the diverse ways in which modern corporations organize internally to interact with various stakeholders Analyzing the forces of change that continually reshape the business and society relationship 1-5 Introduction – The Business and Society Relationship Business: Any organization that is engaged in making a product or providing a service for a profit Society: Human beings and the social structures they collectively create 1-6 Figure 1.1 Business and Society: An Interactive System 1-7 Introduction – The Business and Society Relationship We borrow “General Systems Theory (GST)” from biology to explain this relationship; first introduced in 1940s Theory posits that organisms cannot be understood in isolation, even though they have clear boundaries; they can only be understood in relationship to their...
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...mainly funded by legacies and wills, accounting 40% of their income, the rest is made up of other voluntary income coming in at 31%, profits from the retail division at 23% and investment income at a low 5%. But then again, it is a not profit but for research in order to pioneer research into the causes of heart disease and methods of prevention and treatment. And yes, they have shops too. The British Heart Foundation runs a large chain of charity shops throughout England, Wales and Scotland. As of 2013, they run over 700 shops and around 20,000 staffed volunteers. Nowhere close to Tesco, but it has become one of the biggest charity organisations in Europe considering it’s voluntary. Of course none of these would be possible without the stakeholders of the...
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...to present evidence that shows you are able to: | Task no. | Evidence(Page no) | LO1 | Understand theprocess of strategicplanning | 1.1 | Assess how business missions, visions, objectives, goals and core competencies inform strategic planning | 1 | | | | 1.2 | Analyse the factors that have to be considered when formulating strategic plans | 1 | | | | 1.3 | Evaluate the effectiveness of techniques used when developing strategic business plans | 1 | | LO2 | Be able to formulate anew strategy | 2.1 | Analyse the strategic positioning of a given organisation by carrying out an organisationalaudit | 2 | | | | 2.2 | Carry out an environmental audit for a given organisation | 2 | | | | 2.3 | Assess the significance of stakeholder analysis when formulating new strategy | 2 | | | | 2.4 | Present a new strategy for a given organisation | 2 | | Date issued | Hand in deadline | Submitted on | | | | | | Assignment title | BS1: Strategic Planning and Formulation of New Strategy (1 of 2) | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Student declaration | I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice.Student signature: Nguyen Le Hien Date: | ...
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...1.4 - stakeholders * Tata nano divides opinions 1. All the stakeholders. For example the labour of the factory and as the economy of the country that the car will be produced in will benefit a lot therefore the country will benefit as a whole. Also low or middle class people will benefit from it as they can have a car for the first time. 2. Bus companies will be affected as many people who were forced to use bus are going to buy cars also the traffics will be affected and government has to pay costs to make larger streets and highways in a country like India were most of the people are likely to buy these cheap cars. 3. Yes companies always have responsibilities towards their stakeholders therefore this company has to make sure that they are not making any major problem by producing this car. * People who are interested in the success of a business are called the stakeholders of that business. * Internal stakeholders are stakeholders that are within the business and the ones that the business have control over them. Such as employees, shareholders, managers and directors . * External stakeholders are those who are outside the business but still have to do something with the business and are interested in the success of the business. But business doesn’t have control over them such as suppliers, customers, consumers, social interest groups and pressure groups. * 1.4.2 1. They are interest group because they help to develop the producing...
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...Description of organization Jewel’s Rescue mission is a Non-profit, Non-denominational Christian organization meeting the needs of less fortunate in the county of Merced through emergency short and long-term rehabilitation services. The program will also serve as a rescue mission for some displaced pets. Jewel’s Rescue Mission was established because of the love and compassion of one woman. As long as I can remember, Jeweline (Jewel) P. Mays opened her home and heart to people and pets of all lifestyles. Her love for Christ kept her humble and prosperous. She rarely missed a day of cooking a hearty meal. Every meal cooked was large enough to feed a small army. There was seldom a day that a stranger was not at our table. Jewel would always save the scraps for animals. All who knew her knew Jewel throughout the community as,”Mom”. In 2006, Jewel was diagnosed with a rare illness. Physicians informed us the illness would end her life within three years. That news never discouraged her, and her faith in God never waivered. Although her wind capacity was getting shorter as they day went on, she continued going to church until she was no longer able to endure the air outdoors. With all of this going on her life, she kept feeding the hungry and helping those who needed help mentally, spiritually, sometimes physically and financially for the better part of those three years. Towards the end of her life, she was still concerned about a few she had not been able to help in the past...
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...Corporate managers and shareholders can sometimes find themselves in a conflict of interest. The goal of being a good manager is being able to spot these potential conflicts and to remedy the situation before a serious problem arises. The biggest conflict between managers and shareholders is going to be money. Here is the most common scenario. A corporation is profitable. In fact, the corporation is more profitable than expected. Therefore, the corporation has a cash surplus, if you will. Managers would want this money as a financial bonus and the shareholders would want this money as a stock dividend. What to do? What to do? Mangers will argue that without their leadership and managerial ability, the corporation would not have been as profitable. The shareholders will argue that without their money, the corporation would not have been able to invest in its growth, and therefore, would not have reached that level of prosperity. Who should get the money? Another situation arises when the managers are also shareholders. This may lead a particular manager to push the opposite way of his/her position. For example, if a shareholder manager would get more money from a stock dividend than from a bonus, this shareholder manager might vote in favor of a stock dividend, not because he/she believes that stockholders should be rewarded for their investment, but because it will mean more money for that particular manager. What if only that one manger is a stock holder? Before...
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...Principles of Health Care Instructor: Dr. Rhonda C. Hatfield 2/25/2013 Bay Medical Center Bay Medical Center is a 403-bed regional referral center, serving a seven- county area in the central panhandle of Florida. The hospital’s CFO and CEO recognized that the Those services include application services, data center services, 24X7X365 help desk services, desktop and network services, and telecommunications that are affected and need to be outsourced. This change will lead to a significant financial turnaround for the hospital (PR Newswire). Because they serve such a large part of the country and are counted as one of the leading hospitals, they must maintain the interest of all stakeholders involved. To do this it would require the CEO and CFO to make major changes that will affect everyone. The admitting staff that inputs patients coming in to the facility, the emergency room staff that depends on the computers to bring up and put in data regarding a patient, the nursing staff and doctors who depend on the information on each patient, the billing department that sends out information to the patients. Also affected would be the community that may be calling in to reach loved ones. This must all be down as quickly and efficiently as possible as the entire facility would depend on the information put out by this system. We recognized three years ago that moving to the 'next level' would require a significant upgrade in...
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