...Terri Samuels Current Events and US Diplomacy Strayer University December 8, 2012 Abstract In the history of diplomacy and political thought in general, nothing can influence objectives of the states more dynamically than changes in the international relations and progress of the process of globalisation. In this context, American diplomacy is not an exception. In the previous paper, Eisenhower’s Doctrine was analyzed by its essence and objectives in the framework of the requirements of the international relations and possible threat for the national security. The main aim of the present paper is to view American diplomacy in its evolution from Eisenhower’s approach to the modern diplomatic doctrine. Key words: global responsibility, supremacy, US diplomacy, the Cold War, Poland. Current Events and US Diplomacy In the history of diplomacy and political thought in general, nothing can influence objectives of the states more dynamically than changes in the international relations and progress of the process of globalisation. In this context, American diplomacy is not an exception. In the previous paper, Eisenhower’s Doctrine was analyzed by its essence and objectives in the framework of the requirements of the international relations and possible threat for the national security. The main aim of the present paper is to view American diplomacy in its...
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...27/05/2015 International Business Strategies TBS 984 Dr Alan Pomering T2, 2015 Week 1 Global Strategy: Preface Not a particular multinational enterprise (MNE) strategy, but “strategy around the globe” Most fundamentally about “strategy” before being “global” About entering foreign markets, but also how domestic firms strategise by competing against each other and dealing with foreign entrants 1 27/05/2015 Outline • A global global-strategy book • Why study global strategy? • What is strategy? • Fundamental questions in strategy • What is global strategy? • What is globalization? • Global strategy and globalization at a crossroads 3 Why Study Global Strategy? • Job and career aspiration opportunities • Awareness of what is going on in the world • Avoid downside risks of globalization 2 27/05/2015 Porters Critique Too Many Firms Pursue Best Practice and Seek Operational Effectiveness Through Benchmarking, TQM, JIT Etc. But This Is Not Strategy. Strategy Is About Being Different, Not Being ‘As Good As’. What is Strategy? • Origin-Greek word (strategos)-art of the general Sun Tzu, Chinese military strategist in 500 B.C. Modern-day application to business and competition dates to the 1960s • Plan versus Action - strategy is “explicit, rigorous formal planning” versus “a set of flexible, goal-oriented actions” • Strategy as Theory-how to compete successfully Firms have both intended...
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...MINICASE 1 Michael Phelps: Strategizing for Gold DISCUSSION QUESTIONS Review Chapter 1: What Is Strategy and Why Is It Important? 1. How did Michael Phelps turn into a “global brand”? Michael Phelps and his manager began with a goal of winning a gold medal in each of his events in the Beijing Summer Olympics. Starting with this goal in mind, Michael and Peter Carlisle mapped out their strategy, and each had a mission: Michael would prepare for the Olympics while Peter prepared Michael’s stardom. Phelps had been gradually building up his exposure on the global market for years in both the real and virtual world. Michael Phelps’s unprecedented eight Olympic gold medal wins and seven new world records, further exposed him as “one of the greatest athletes of all time.” 2. What does the story of Michael Phelps have to do with strategic management? In order to market Michael Phelps as a “global brand,” Michael Phelps and Peter Carlisle followed the AFI framework, allowing them to reach their goals. They analysed Michael’s situation, formulated a strategy on how Michael would win at the Olympics and Peter would increase Michael’s worldwide recognition, and implemented the workout routine and marketing of Michael Phelps. 3. Following the Beijing Olympics, a photo published by a British tabloid showed Michael Phelps using a “bong,” a device for smoking marijuana, at a party in South Carolina. Kellogg’s withdrew Phelps’s endorsement contract. What does this incident...
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...Review questions Chapter 3. Analyzing an Industry 1. What step in the prescribed strategic management process includes analyzing an industry/ 2. What is economic context of strategic industry analyses? 3. What are four business planning situations when a formal strategic industry analysis is especially useful? 4. What is the definition of an industry? 5. How does a global industry differ from a multidomestic industry? 6. What are three approaches for defining the target industry for a strategic industry analysis? 7. What industry definition approach is especially useful for analyzing an industry in a regional markets or for analyzing new or emerging industries? 8. What is the objective of reviewing an industry's history? 9. What is the problem with only looking at the past five years of industry events and history? 10. What is a common framework for examining macro-environmental factors? 11. What is the first step in analyzing resource availability? 12. In a strategic industry analysis, why do managers need to be especially sensitive to customer needs and actions? 13. What is the final step in analyzing industry forces? 14. What competitors should managers be very aware of and knowledgeable about? 15. How does...
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...Course Chapters Review Ch. 1,2,3,5,6,7,8, 13 & 16 (Chapter 11 on Leading and Leadership Development presented on 07/03 ) • Chapter 1 Overview • Work in the new economy is increasingly knowledge based, and people, with their capacity to bring valuable intellectual capital to the workplace, are the ultimate foundation of organizational performance. Challenges of working in the new economy • Today, individual and organizational success must be forged within workplaces that are constantly reinventing themselves. • Themes such as empowerment, involvement, participation, self-management, and teamwork are common, as people manage careers described as flexible and entrepreneurial. • Definition and Role of an Organization • An organization is a collection of people working together to achieve a common purpose. • Organizations are open systems. They interact with their environments in the continual process of transforming resource inputs into product outputs in the form of finished goods and/or services • The External Environment of Organizations • The following factors impact the general or macro environment in which the organization operates. They are: o Political, Economic, o Social, Technological, o Legal and Environmental. (PESTLE) • Management must constantly monitor general environmental trends, and must be ready to make required adjustments in the ways their organization operate so as to gain COMPETITIVE ADVANTAGE • The Specific (task) Environment ...
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...University of Phoenix STR GM/581 July 19, 2010 Approaches to Global Strategy Introduction Arc welding machine manufacturing will be producing welding machines, and selling them to Canada. Their most popular machine is to consider the XM-350, because of the flexibilities of the machine. The machine can be set to perform gas tungsten arc welding (GTAW) or shield metal arc welding (SMAW). Foreign Country and Domestic Country United Kingdom (foreign) population was approximate 62.2 million in 2010 with an annual growth rate of 0.56 percent. The United Kingdom has the sixth largest economy in the world, which is the second largest economy in the European Union (Department of State, n.d.). The country primary religions consist of Church of England (Anglican), Church of Scotland (Presbyterian), Muslim, and Roman Catholic. The literacy rate is estimated to be around 99%, the workforce consist of 31.25 million with a breakdown of 80.4% services, 18.2% industry, 1.4% agriculture (Department of State, n.d.). Canada (Domestic) is the second largest country in the world. The population was estimated to be around 33.7 million in 2009. The religious make of Canada consist of the following: Roman Catholic 43.6%, Protestant 29.2%, Christian 4.3%, Muslim 2.0%, Jewish 1.1, Buddhist 1.0, other 1.3 % and others 16.5% ( Department of State, n.d.). The predominant language spoken in Canada is English. The country Gross Domestic Product (GDP) in 2008 was $1.2 trillion, Canada export...
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...RESUME – SENIOR EXECUTIVE SEMINAR AT NEAR EAST SOUTH ASIA(NESA)CENTER FOR STRATEGIC STUDIES,WASHINGTON,USA 1. General. The NESA Center fosters open communication and educational opportunities for military and civilian representatives from the NESA region and other participating countries. Its academic environment uniquely facilitates a cross-cultural examination of the events, ideas, and challenges that shape this critical region. This year the seminar was conducted from 05 – 15 February at the NESA center Washington, DC and attended by thirty one representatives from nineteen countries within the region including the host country USA. 2. Aim. The aim of this paper is to provide a short appraisal of the seminar. 3. Background of NESA. NESA is a unique organization funded and oversees by the Department of Defence to serve and support the challenging region that extends from North Africa across the Arabian Peninsula and into South Asia. In meeting its challenge to enhance security in the region, it fosters regional cooperation by building sustained and mutually beneficial relationship through effective communication and candid interaction in an academic environment. It provided a focal point where professionals can gather to exchange ideas and explore tools for cooperative problem solving. The vision of this organization is to build sustained, engaged communities of influence and partnership among security professionals and leaders in the NESA region. 4. Broad Modality...
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...Section 6 Lecture Notes for Chapter 1 325 Chapter 1 Strategy and the Quest for Competitive Advantage Chapter Summary Chapter One explores the concepts surrounding organizational strategy. It begins with an explanation of the term strategy and offers a basis for how to identify a company’s particular strategy. Next, it explores the importance of striving for competitive advantage in the marketplace and examines the role strategy plays in achieving this advantage. The chapter then explores the idea that strategy is partly proactive and partly reactive. This is followed by a close look at the relationship between a company’s strategy and its business model. The chapter proceeds forward with a look at what makes strategy a winner and then presents reasons for why crafting and executing strategy are important. The chapter concludes with thoughts on the equation: good strategy + good strategy execution = good management. Lecture Outline I. The Importance of Managing Strategically 1. Three questions must be answered by managers of all types of organizations: a. Where are we now? b. Where do we want to go? c. How are we going to get there? 2. “Where we are now?” prompts managers to evaluate industry conditions and competitive pressures, the company’s current performance and market standing, its resource strength and capabilities and its competitive weaknesses. 3. “Where do we want to go?” this lies within managements vision of the company’s future direction. It pushes...
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...term through renewal, maintenance and sustenance of natural and man-made resources. - From an organizational perspective, it includes stewardship for sustainability not just for the organization but for the various stakeholders it impacts. - Sustainability has emerged as a result of significant concerns about the unintended social, environmental, and economic consequences of rapid population growth, economic growth and consumption of our natural resources. - There are three dimensions to sustainability namely; environmental, social and economic. Environmental aspects relate to water, land, atmospheric impact (global warming); including energy and chemical use. - Social sustainability can include human and workers' rights and community issues. Economic aspects include financial transparency, accountability and corporate governance, for example, Starbucks' global policy involves close monitoring of and governing of sustainable practices within the organization. - These practices promote sustainable practices at every touch point; farms (where the raw materials are produced); distribution of raw materials, packaging of products and delivering of goods. - b) Outline and explain Marshall & Toffel’s (2005) hierarchy of ecological motivations model, including the implication of the model for marketers when discussing sustainability. (40%) - c) Detail at least four benefits of pursuing a sustainability strategy, using examples to support your response. In addition, comment...
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...D efforts, and so on.’ (Amar V., 2000 pg 265). ‘Broadly, strategies encompass the set of approaches that the company will use to achieve its objectives’ (Jobber and Lancaster, 2006 pg 49) A well defined strategy should therefore integrate decisions about; scope of the business, objectives, resource allocation, developing sustainable differential advantage and synergy. The importance of strategy in the achievement of business goals cannot therefore be over emphasized judging from the above features. Split into corporate and competitive strategies, the former determines the scale and scope of the business while the later determines the sustainability of the company in the ever dynamic and competitive business environment. Whether inward out (resource based) or outward in (market based), competitive strategy is cardinal to the continued existence if the firm. Since successful strategies are those which adapt firms to the opportunities and threats in their markets/environments and which develop their internal capabilities, it means that in order to remain relevant, firms must adopt strategies suitable and consistent with the market changes, its development and the environment at large, either responsively or proactively. The business environment has by no means been stable, with each era presenting its own set of problems and need for adaptability. Strategic approaches and fits in the 1800s, 1900s,...
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...Virtual Organization Strategy for Kudler Fine Foods For many organizations, strategic decisions play an important role in how the organization plans to expand its business and its profits. There are many factors management must consider before making a final decision as to which approach will provide the most benefits as well as bringing in the most capital. Each approach considered will present strengths, weaknesses, opportunities, and risks that management must carefully consider. Each approach will also have an impact on the organization’s decision should they decide to pursue an international location. The decisions management faces are not easy ones and they must carefully determine the best strategic approach or run the risk of financial ruin. Kudler Fine Foods Kudler Fine Foods is one such organization looking to expand its operations. Currently, Kudler Fine Foods owns and operates three stores all based in the San Diego, California area. Kudler Fine Foods, an upscale specialty foods store offering domestic and foreign foods as well as spirits to its customers, began in mid-1998 and within nine months was already making a profit. Kudler Fine Foods opened two additional stores, one in 2000 and one in 2003 (Apollo Group, 2011). Because business has been so good, management is looking at another possible expansion and is seriously considering the options available. In order to make the most beneficial as well as profitable decision, management must take its time and...
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...the world with pioneering products and superlative services. How does a company endure the economic cycle for over a century and continue to make headway? In this paper I intend to discuss some of the aspects that have enabled GE to have fruitful success for over one hundred-thirty years. I will briefly discuss the overall strategy of the company and the approaches they employed to attain success implementing that strategy. I will examine the corporation’s value proposition and comment on current event(s) that influence the business. I will present a brief SWOT analysis and state my general impression of their management style. Finally, I will express my thoughts on their future, where they can be more effective, and what changes should be put into action. The topics covered depict how General Electric has and will maintain and upper hand in corporate world. | | Michelle Jones | 12/12/2012 | | Table of Contents I. Introduction, Meet GE pg. 2 II. The Company’s Overall Strategy and Their Approaches to Attain Success pg. 2 III. The Company’s Value Proposition pg. 3 IV. Event(s) that are Affecting the Company pg. 3 V. SWOT Analysis pg. 4 VI. Impression of the Management Style pg. 5 VII. The Company’s Future and Opinions on How They Can be More Effective pg. 5 VIII. Changes that Should be Implemented pg. 5 IX. References pg. 6 I. Introduction, Meet GE General Electric or GE is...
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...Submitted to: Atty. Arturo V. Umbac Submitted by: Danial Hosseinzadeh December 19, 2010 I. The HRD specialist as change agent Human Resource Development plays the most critical role in the company as they are the main people who know the circulation structure of each organization within, events and employees credibility from the start. These people have a very sharp knowledge on their profession, as specialist of an institution, they have extensive skills and training to perform different task to be applied in the company’s reputation and success. They are called the change agent for they are authorized to implement what are new policies and procedures, in which both can benefit. There are two types of changes in an organization that HRD involved in, the macro and micro. A macro change intends to ultimately improve the effectiveness of the organization while micro is directed to individuals, small groups and teams. So the HRD professional may also be directly involved in carrying out the intervention strategy, such as facilitating a meeting of the employees responsible for planning and implementing the actual change process. II. The HRD Executive as strategic Manager The HRD executive/manager has primary responsibility for all HRD activities. HRD must integrate programs with the goals and strategies of the organization, and normally assumes a leadership role in the executive development program, if one exists. If the organization has both an HRM and an HRD...
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...Strategic Planning for Tourism and Leisure By Ahmad Maez Al Zuned Student ID: 119148785 BSc (Hon’s) International Tourism and Hospitality Management Final Stage University of Sunderland London Campus August 2012 Contents Abbreviations List 4 Introduction 5 Theoretical Framework 5- 6 Tourism in a Destination 6-10 The Need for Tourism Planning 12-17 Approaches of Tourism Planning 18 Five Approaches of Tourism Planning 19-23 The Practice of Tourism Planning: A Case Study of Kenya 24- 29 Recommendations ...
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...Strategic Managemen Essay Subject :s Strategic Management Topic : Is Business Strategy A Mixture Of Luck And Judgement, Opportunities And Design, Or More Of An Art Than A Science? Abstract Firms or companies today face a broad array of risks, problems and issues internal to them and external factors relative to increased international competition due to globalisation. Thus, strategic management is an activity necessary to be undertaken by firms who want to sustain their existence in today’s highly competitive environment. Firms need to develop strategies as they are managements’ game plan for growing the business, staking out a market position, attracting and pleasing customers, competing successfully, conducting operations, and achieving targeted objectives. Strategic management is the set of managerial decisions and actions that determines the longrun performance of a firm. The question however arises as to whether strategic management is an art or a science or that it is simply a mixture of luck and good judgement. Introduction Firms or companies today face a broad array of risks, problems and issues, be they strategic, operational, financial, customer, vendor, competitor, to name a few. Moreover, concerns about increased international competition brought about by the rapid globalisation phenomenon abound not only in the US but also in Europe with the further expansion of the European Union and in Asia and Latin America due to increased economic integration in these...
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