...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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...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 long-run 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 regions. Management experts therefore have argued time and again that firms or companies should respond to environmental changes, such as increased competition, by engaging in more systematic planning to anticipate and respond to changing and unforeseen events. The reason for this argument is because formal strategic planning has been seen to enhance a firm’s performance. Thompson et al (2006) explain that a firm’s strategy is its management game plan for growing the business, staking...
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...THANE MUNICIPAL CORPORATION THANE DEVELOPMENT PLAN IMPLEMENTATION STATUS REPORT March, 2009 THANE MUNICIPAL CORPORATION THANE DEVELOPMENT PLAN IMPLEMENTATION STATUS REPORT March, 2009 THANE MUNICIPAL CORPORATION, THANE All rights reserved Compiled & Prepared by D.P. Implementation Cell Thane Municipal Corporation, Dr. Almeida Road, Panchpakhadi, Thane – 400 602 CONTENTS 1.0 THANE DEVELOPMENT PLAN AT A GLANCE..................................1 1.1 1.2 1.3 1.4 1.5 Development plan of Thane City ................................................1 The salient features of the sanctioned development plan ..........1 Broad zoning ..............................................................................2 Status of Reserved Sites ...........................................................2 Issues and Concerns in D.P. Implementation.............................4 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 LAND ACQUISITION...........................................................................5 MAJOR POLICY DECISION .............................................................13 MODIFICATIONS TO DCR & DP .....................................................17 RESERVATION DEVELOPMENT PROGRAMME ............................19 AMENTITY / R.G. DEVELOPMENT PROGRAMME.........................23 AREA IMPROVEMENT SCHEMES & MISSING LINKS ...................27 RECOVERY OF DEVELOPMENT CHARGES .................................29 OTHER ACHIVEMENTS .................
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...by: Nasir Mehmood Roll No: P-500791 Registration No: 04-PRN-0159 “Jamal House” No.1244 Block 4 Milltat Road Colony Amanat Ali Rahim Yar Khan Tel: 0685884661 Cell: 03216705100 E mail: nasirmetme@gmail.com [pic] Best Chemicals Corporation (AGRO DIVISION) 23-D Block “W” Gulshan-e-Iqbal Rahimyar Khan Tel. 068-5883800 ,5883900 Fax: 5883901 Acknowledgement I am gratified with the core of our heart to “Almighty God” who made it possible to complete this project lucratively. I am take this opportunity to full great pleasure to our teacher Mr. Umair Sajjad and our friend Mr. Aamir Farooq (MBA Marketing from Islamia University Bahawalpur), for their continuous encouragement support and lead toward the project. I would also like to highly acknowledge and appreciate Mr. Hashim Abbasi Sales Manager of Best Chemicals Corporation for his continuous assistance, personal attention, encouragement and support which made us more eligible to be confident about this project I am highly thankful to Mr. Sultan Malik (Franchiser of the Best Chemicals Corporation in Rahim Yar khan) for providing useful information about the product and its market impact. [pic] Page No. 1. Introduction……………………………………………………….. 07 2. Objective of Studying the organization ………………………. 09 3. Overview of the organization……………………………………...
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...Levels of Strategies-Vehicles to Success BUSI600 Liberty University Abstract A corporation’s success is as intrinsically linked to the products or services it takes to market as to the strategies utilized in the normal course of its business. It is not enough to have a great product or to have the ability of providing an unparalleled service in order to achieve success. A strategy or group of interrelated strategies to develop, sustain and deliver these products and services must be constantly developed and implemented. But: * How many levels of strategy are needed? * Who implements them? * When should they be implemented? * Where would they be most impactful or relevant? * How are they evaluated and revised? * When should they be abandoned for another? It could be argued that the simpler the product, the simpler the business strategies needed in order to achieve success. This assumption and its corollary, that advanced products need complex business strategies, can be proven flawed today as it has been observed in the past. Whether a corporation is providing a simple product or complex service, the strategies they implement should constantly evolve, in response or in anticipation to ever shifting market demand conditions, not just the product’s intrinsic complexity. The right strategy or group of strategies is a corporation’s best vehicle to success. Vehicles to Success Since most technology [corporations’] revenues come primarily from...
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...American was founded in 1917 as the Anglo American Corporation of South America. In 2002, Anglo American made a landmark decision to provide free antiretroviral therapy (ART) to HIV-infected employees. In 2007, Anglo American PLC, at the time one of the world’s largest gold miners, found itself facing a threat that, although by no means new, defies most traditional categories of things that complicate business – an HIV/AIDS epidemic in South Africa, the world’s largest gold producer. Anglo American PLC is a diversified mining conglomerate operating in 45 countries and employing 107,000 permanent employees to produce precious metals, base metals, and bulk metals. Sub-Saharan Africa is home to just over 10 percent of the world’s population and 60 percent of all people infected with HIV, the virus that causes AIDS. South Africa has the highest number of people living with HIV/AIDS and suffers the world’s highest rates of HIV infection – approximately 5.5 million- in a population of 49 million. Every day, almost 1000 South Africans die from AIDS-related diseases. ISSUE: Can Anglo American PLC and other corporations continue the fight against HIV/AIDS epidemic so that it does not affect business operations? ANALYSIS: Yes: 1) According to (Daniels, Radebaugh, & Sullivan), Anglo American PLC recognized the threat of the HIV/AIDS epidemic. Anglo was one of the first corporations to develop a comprehensive, proactive strategy to combat the ravages of the disease on its workforce...
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...context in which strategic management occurs 5. comprehend the scope of strategic management 6. describe the benefit of strategic management 7. know the strategic management process 1.1 Introduction to the Strategic Management Concept Strategic management is a concept that originated from the military field. The concept of strategic management was first applied in ancient battles. The period around 500 B.C. saw numerous battles that took place Greece and China. The early written record on strategic management can be traced back during this warring period. The term strategy is derived from the Greek word ‘strategos’. According to Heracleous (2003) the word ‘strategos’ comprised two Greek words, ‘stratos’ and ‘agein’. The term ‘stratos’ refers to the army and ‘agein’ means to lead. Thus strategy in this sense means the art of leading the army. To some scholars the word ‘strategos’ also implies the art of the general. At this...
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...Many companies and organizations now considered quality management as one of the most important corporate strategies in today’s business; as well as the main factor of most companies in order to achieve customer satisfaction. Quality Management has adapted across the board and is no longer limited to one particular field of business. Quality Management is a business process that brings together the responsibilities of all employees to attain customer satisfaction and continuous improvement in the quality of all employee’s responsibilities and company’s product and services. The importance of quality and customer satisfaction should be established prior to the implementation of the total quality management process. Thus, there’s the framework, which includes six supply chain strategies along with ISO, Six-Sigma, and Baldridge to incorporate within a business. The company I chose to analyze is the Riordan Manufacture Corporation. I will examine and analyze the importance and measurement of Riordan Manufacture Corporation and its components. Riordan Manufacture is a global plastics manufacturer; which has incorporated quality management (QM) into its mission statement. The company’s major clients are aircraft, appliance, and automotive parts manufactures as well as bottles and beverages makers and the defense department. It’s headquarter is in San Jose, CA and has facilities worldwide. Riordan mission is to ensure that it maintain leader position in the plastic manufacturing...
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...Assumptions, Risk and Change Management Plan; Summary of Strategic Objectives; Balanced Score Card and its impact on stakeholders; the Communication Plan Pg.14 V. Business Model and Strategic Plan Part IV: Monitoring and Control Strategies Pg.20 VI. References Pg.24 Executive Summary Pall Corporation, the world’s leading developer in filtration systems would formally like to present today the most advanced continuous glucose monitoring device; Truecose. We are working at finding the ways to better improve people’s lives with the most effective equipment. Truecose’s business model is to continue building the company’s name and trust of its customers by leading technologies in the market it serves. The company through all divisions will continue to make the “world safer, greener, better”. The acquisition of Dexcom has proven to be the most beneficial option in helping to improve new continuous glucose monitor. Pall has developed a strategic plan that has minimized risks, such as FDA regulations and the high costs of research and development, by acquiring Dexcom. Truecose is expected to be highly profitable device, considering more and more of the population are being diagnosed with diabetes and are in need of better management methods. Pall Corporation will continue to work with Dexcom’s previous staff to improve the working relationships and blend the companies so that the...
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...Strategic Choice and Evaluation Paper Target Firm: Hamilton Sundstrand is a subsidiary of United Technologies Corporation and is among the largest global suppliers of technologically advanced aerospace and industrial products. With more than 50 major facilities worldwide, Hamilton Sundstrand designs and manufactures aerospace systems for commercial, 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...
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...MAPP Message- what you want your audience to know (information), make it clear, make the message simple; break it down. You want people to believe, sell people on an idea. Audience- think of your audience first then think about how you are going to portray your message. Purpose- what do you want your audience to do and you are doing it. Presentation- is almost always a physical thing. What is public relations? Public Relations- is the management function that identifies, established and maintains mutually beneficial relationships between an organization and the various publics on whom its success or failure depends. * Communication can be external and internal. Keywords: Deliberate Planned Performance Public Interest Two-way Management function Challenges * PR is multifaceted Global * An estimated 3 million people practice public relations world wide Definitions * A number of definitions; often defined as publicity in a newspaper, television interview, or red carpet events Learning the ROPES Research-identifying and learning the client, what their problem is, and what there is. Objectives- Setting objectives to solve your problem. Programming- Planning out how you’re going to do the project. Evaluation- how you adjust and making sure you are addressing the objectives. Stewardship- Making sure it all flows together. Areas of public relations: Counseling Research Media relations Publicity Employee/member relations Community...
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...1. Discuss the potential audiences for a marketing plan and the needs of those potential audiences. The potential audiences for a marketing plan include the top management/owners of the organization, the organizational employees including the marketing, finance, operations and HR team and potential equity investors. The owners and top management need to take strategic decisions pertaining to implementation of marketing plan, allocation of resources, delegation of tasks and duties, implementation of control mechanisms, etc. Such decisions can be made with the help of the detailed marketing plan. Further, a marketing plan provides a strong platform for marketing and other departments to execute their action plans. Similarly, potential equity investors such as venture capitalists or private equity investors could be interested in evaluating the marketing plan of the organization for making investment decisions. 2. Identify the marketing segment for the product and provide a rationale for this segment. Discuss the target market and provide a rationale for this target market. The target segment or market segment to exploit for our products include both men and women from upper segments of the society or high net-worth individuals that can afford our premium technology products. The target customers, apart from being financially sound, will also depict characteristics such as interest in owning latest technology products, flair for artistic or premium, sophisticated or one of...
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...LVMH: Diversification Strategy into Luxury Goods Strategic Issues By 2002, Moet Hennessy Louis Vuitton was the world's largest luxury products company, enjoying annual sales of 12.2 billion euros. LVMH carries the most prestigious brand names in wine, champagne, fashion, jewelry, and perfume. Upon entrance of this luxury product industry, LVMH was aware that they produced products that nobody needed, but that were desired by millions across the world. This desire in some way fulfills a fantasy, making consumers feel as though they must buy it, or else they will not be in the moment, and thus will be left behind. The LVMH business portfolio began to take shape in 1987 with the merger between Louis Vuitton and Moet Hennessy which was a four billion dollar merger. Over the course of time, LVMH has acquired over 50 luxury brands, such as Donna Karen, Fendi, and Sephora. They called it, "a collection of star brands and rising stars." LVMH found this industry to be timeless and modern, highly profitable, and very rapid growing. Despite all of the above mentioned, LVMH did experience some bumpy times. Some of these times were induced through internal problems, while others were caused by externalities, like Sept. 11. With such a wide range of product offerings, LVMH was on top of the industry in certain aspects, but has room for growth in other areas. One instance in particular nearly caused a division in the company. Hennessy believed the company should focus on wine, spirits...
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...manufacturing shares competitive advantages in several avenues of manufacturing and business. Riordan’s focus on direct selling gives them a competitive advantage, as does their commitment to their employees, customers, and shareholders. Riordan’s commitment to the community is to provide low cost products, while at the same time sustain revenue and profitability growth. Riordan’s strong brand recognition in their industry gives them an advantage just as Apple, DuPont, GMC, and Nike have in their markets. Riordan’s strong engineering and R&D departments are known for their quality. Strategic Plan Over the years Riordan has expanded business operations from development, to large-scale manufacturing and finally to producing state of the art plastic injectors. Riordan expanded their operation when they acquired a manufacturing plant in Pontiac, Michigan, and followed up with an additional production plant in Albany, Georgia. In 2000 Riordan took their operation global and opened a manufacturing plant in China. Riordan has been able to manage three locations successfully to date. However, Riordan recognizes the need to develop a strategic plan to increase...
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...Opening Profile. Haier Group total income: $965 million Outstanding shares: $2.4 B Total cash estimate: $ 2,705,400 M Management Goal: Haier’s global branding strategy aims at positioning the company as a local brand in different world markets in conjunction with enhanced product competitiveness and strong corporate operations. Three management human resources techniques: Haier’s service system runs throughout the production process from product design, production, manufacturing, to pre-sale, under sales and after sales service. Three Management actions to further globalization: As they are facing the fierce global market competition, Haier launches the Global Brand Building Strategy and updates spirit “Create resources, worldwide prestige” and work style “Individual-goal combination, swift action and success” with an aim to gain global recognition and sustainable development.” Define. Global alliance: two or more countries joining globally. In February 2 1996, Sprint Corporation, Deutsche Telekom and France Telecom have created a global alliance in telecommunications that offers advance voice and data services to businesses, telephone carriers and consumers around the world. Cross Border Alliance international merger and acquisition with partners. Global Sourcing: describe practice of sourcing from the global market for goods and services across international boundaries. Global sourcing is designed to reduce costs and increase efficiency by buying products...
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