...Global integration, technological advances, and rapid population growth and consumption are the changing the mindset of organizations to improve the balance of their social, environmental, and economic performance across the value chain. While traditional financial reporting accounts for a company’s assets, it does not adequately describe the economic phenomena of how a company creates value for societies and the environment. The contextualization of material commercial, social, and environmental factors to an organization’s strategy, governance, performance, and potential, and future earnings best demonstrates its value creation process and commitment to sustainability. The consideration of how a broad set of interdependent and relevant financial and nonfinancial factors affect an organization’s accountability, stewardship, and performance is the basis for integrated thinking and is the key element in integrated reporting. Integrated reporting (IR) principles are global in nature applicable to all organizations across multitude of industries and sectors and are becoming a fundamental practice towards a more cohesive and efficient approach in demonstrating to internal and external stakeholders how the business creates value in the short, medium, and long-term (Tilley, 2014). An integrated report should identify and communicate how relevant and interdependent, financial and non-financial factors affect an organization’s value creation process across organizational and geographical...
Words: 695 - Pages: 3
...following ) 1.1 Discuss the role of strategic marketing in an organization. For AC1.1, learners need to show that they understand the difference between strategic and tactical marketing. They need to use established models and definitions to develop theirdiscussion. 1.2 Explain the processes involved in strategic marketing. For AC1.2, learners will be expected to understand and explain the processes involved in strategic marketing. This will involve looking at a range of processes and learners may wish to draw on their own experiences in the workplace to amplify their points. 1.3 Evaluate the links between strategic marketing and corporate strategy For AC1.3, learners are expected to understand that the process of strategic marketing does not take place in a vacuum. They will need to show that they can evaluate the links between strategic marketing and corporate strategy and provide examples of those links. 2.1 Assess the value of models used in strategic marketing planning. For AC2.1, learners need to research the models used in strategic planning. They will need to make judgments and assess the value of the models for strategic marketing planning. 2.2 Discuss the links between strategic positioning and marketing tactics. For AC2.2, learners need to understand that when strategic plans are put into operation, dayto-day tactical decisions have to be made. In their discussion, they need to provide examples of how tactics are related to strategic positioning decisions. 2.3 Analyse...
Words: 7427 - Pages: 30
...Case Study: Joie de Vivre Hospitality Human Resource Management Professor Dr. Ed Sherbert What is Joie de Vivre’s Philosophy on advertising for its hotels? How does this support the firm’s strategic aims? Many hotels fundamentally discovery themselves struggling to just fulfil the basic expectations of the guest they serve. Receiving feedback through predictable surveys based on quality performance metrics, such services, room comfort, maintenance, property conservation, friendliness and efficiency of the staff is important. Chip Conley believed without underestimating the importance of these variables, what matters most and differentiates hotels from competition is fulfilling unrecognized needs. Chip called this exercise: "identity refreshment". In his words, "you do not only get inside the customer's head, you get inside his heart” Joie de Vivre business model is based on strategic marketing. Resulting in a more powerful marketing approach and is grasped after a deep understanding of the needs and desires of the current and prospective customers. One that understanding of the customer needs and desires are achieved you then develop the business model around products, services, outreach, customer experience and branding, outreach with a goal to meet and exceed customer´s needs and desires. Utilizing this form of out-side in management versus tactical marketing strategies by creating a hotel product, basically copying others hotels and then concentrate efforts in advertisement...
Words: 656 - Pages: 3
...negotiation is in the planning that takes place prior to the dialogue” (Lewicki, Saunders, & Barry, 2011, p. 97). The main issues in the upcoming negotiations are: * Number of vessel used per year * Logistics support during the ocean and ground transportation * Freight cost and terms of payment * Geographic distribution over the Americas and other continents With accordance to the presented issues, the objectives in each negotiation session will be as following. Stage 1: A general agreement on the concept of operations, including reaching of consensus regarding further negotiations. Stage 2: Strategic Objectives. 1. Creation of harmonious relationships, based on the integrity and reliability; 2. Determination of the volume of transportation over the five-year period, including general understanding regarding an obligation per each year; 3. Principal agreement on the financial relations; 4. General agreement regarding potential geographic areas /states /ports of transportation; 5. General agreement related to liability for the cargo / freight insurance; 6. Other mutual obligations between the parties, related to the material and financial part of the business. Stage 3: Tactical Objectives. 1. Deepening of the relationships, based on the mutual trust and respect; 2. Agreement on the number of RoRo ships used per...
Words: 931 - Pages: 4
...controversial role of middle managers Middle management is the intermediate management in organisational hierarchies, are responsible for implementing the executive management’s policies and plans and above the lower levels of junior staff (Uyterhoeven, 1972). Although there is a coincident definition of middle management, the controversial performance of middle management has been discussed in many literatures. Following the definition of middle management, middle managers should have skills that receive strategic plan from top manager and deploy it successfully by control over junior staff (Harding et al., 2014). However, they have not been considered part of the strategy process (Floyd & Wooldridge, 1992). They just like ‘a passive linking pin’, doubtfully carry out the instructions of the top managers and fully implement throughout the organisation (Rouleau & Balogun, 2007). The prescriptive responsibilities of middle mangers are considered a kind of top-down strategic management. Traditional management style can reduce productivity and cause bottlenecks, since the power was centralised. Instead, bottom-up approach is increasingly popular because it empowers employees to think more creatively. Therefore, middle-level...
Words: 1279 - Pages: 6
...Mission, Vision, Values, & Managment In today's post-recession workforce, gaining employment is so difficult that once hired, life has new meaning. The mission, vision, and values may mean different things to managers. With a closer look into an organization, from the newest employees up to the experienced senior management, it is found that many of the staff members do not have knowledge enough to recall the mission and vision statement. The military is used as an example, setting the standard for other public and private entities. In this case, let's examine a human resources unit in the United States Air Force. The Air Force Civilian Services mission and vision statement aim to "provide elite administrative, operation and technical support for the Air Force vision; Global vigilance, reach, and power" ('Our Mission & Vision', 2016). The mission and vision statement must work together to meet the organizational goals. In examining the core competencies, one must consider the true definition and rationale. Also, the Air Force has a set of strategic goals that determine the long-range direction of the organization. The attitudes, behaviors and goals of each Air Force civilian in the group are meant to demonstrate alignment with the vision, mission, values, and competencies. For a company to manifest values and a culture that leads to success, these vital mantras must be reiterated, exercised, memorized, and done by all employees. Mission Statment There is a constant...
Words: 1493 - Pages: 6
...strive for the Chief Executive Forum to be rigorous and relevant to business context in future. Month July Programme A Marketer's View of Competitive Strategy Director PROF. JOHN A. CZEPIEL New York University, Leonard N. Stern School of Business Place Delhi Hyderabad Chennai Bangalore Delhi Pune Mumbai Bangalore Delhi Hyderabad Bangalore Chennai Date 12th July ’10 14th July ’10 16th July ’10 19th July ’10 20th August ’10 16th August’10 19th August ’10 17th August ’10 9th September’10 10th September’10 13th September’10 14th September’10 August Retail Competition: Strategies PROF. VISHAL SINGH in the Changing Retail New York University, Leonard Landscape N. Stern School of Business September Financial Risk Managment and the 2008 financial Crisis PROF. PIETRO VERONESI University...
Words: 1870 - Pages: 8
...Assignment Questions Question #1: (250 each part) a) Provide a brief description of the models of HRM discussed in the first chapter of the textbook, and explain how each one related to strategic human resource management. First there is the Fombrun, Tichy and Devanna model which “emphasizes the fundamental interrelatedness and coherence of HRM activities” (Bratton & Gold, 2012, pg. 18, para. 3). There are four main components consisting of selection, appraisal, development and rewards that attribute to the HRM cycle. This model ignores different stakeholder interests, situational factors and management’s choice, but gives strength to the “coherence of internal HR policies and the importance of ‘matching’ internal HR policies and practices to the organization’s external business strategy” (Bratton & Gold, 2012, pg. 18, para. 3) Second, is the Harvard model, which addresses the issue of management’s goals and the specific HR outcomes. The Harvard model has six components: situational factors, stakeholder interests, HRM policy choices, HR outcomes, Long-term consequences and a Feedback loop. Each of the components are a result of the previous which effects the HR outcomes and the long term consequences; and the feedback loop carries the outputs directly into the organization and to the stakeholders. The Guest model looks at labour management in the context of goals, employee behaviour, performance and long-term financial outcomes. “Managers are advised to consider...
Words: 2180 - Pages: 9
...Can Go Video Analysis Report Jessica Peace Dustin Peterson Julissa Rivera Mitchell Rodriguez Jesse Sanchez Busn 460 Senior Project DeVry University Professor Mozinski 09/11/2015 Revamped Vision Video Analysis Report 1. CanGo lacks a strategic business plan. A strategic business plan is a clear guide that a business puts together to achieve it business goals and objectives both short-term and long-term (Lorette, n.d.). 2. Corrective action I. 3. To achieve this they must first implement a distinctive mission, vision and value statement. The mission and vision statements are central to the strategic planning process because they provide a company’s reason for existence and what it wishes to achieve. The value statement serves as a moral compass for the company and its staff helping with decision making and forming a standard (SHRM, 2012). Once the mission, vision and value statements are determined we can focus on the next phase of strategic issues that need to be addressed in the planning process. 4. 5. CanGo lacks a defined company culture. While some take their work very seriously, others look at their work as just a job. It is time for CanGo to define their Company Culture. 6. Corrective action II. 7. Having a strong and healthy company culture can create a powerful and long lasting competitive advantage. This kind of advantage is difficult to detect by your competitors, and will become one of the most important motivators...
Words: 1632 - Pages: 7
...Financial Analysis & Management Assignments 1. Discuss the extent to which the legal and professional regulatory framework of accounting ensures that corporate reports provide reliable, relevant, objective, and comparable information to users. 2. Critically evaluate the importance of discounted cash flow techniques in investment decisions. Illustrate your answer with your examples. 3. Discuss the relative importance profitability and liquidity for the survival of a business and explain how the working capital can be managed to minimise the risk of liquidity problems. Shahrzad Parhizgar Student Number: B0229JTJT1112 February 2013 Lecturer:PalanAmbikai Word Count: 2980 Financial Analysis & Management Assignments February 1, 2013 Table of Content LEGAL & PROFESSIONAL REGULATORY FRAMEWORKS ENSURING RELIABLE, RELEVANT, OBJECTIVE, AND COMPARABLE DATA ........................................................................................................................................ 3 INTRODUCTION ....................................................................................................................................................... 3 FINANCIAL INFORMATION USERS ................................................................................................................................ 3 LEGAL AND PROFESSIONAL REGULATORY FRAMEWORKS ................................................................................................. 4 FINANCIAL REPORTS...
Words: 4115 - Pages: 17
...Table of Contents 1. Introduction 2 2. “Manager should do everything they can to enhance the job satisfaction of their employees”. Discuss your view on and support your position whether you agree or disagree to the above emphasis. 2 2.1 What is Job satisfaction? 2 2.2 What are the outcome of job satisfaction? 3 2.3 Understanding employee attitudes and motivation 4 2.4 Methods for Increasing Job Satisfaction 5 2.5 Responsibility of manager on job satisfaction 5 3. “Thirty-five year ago, the young employees we hired were ambitious, conscientious, hardworking and honest. Today`s young workers don’t have the same values towards work.” Do you agree or disagree with this manager`s comments? Support your position with research evidence. 6 3.1 Values 6 3.2 Values Across Cultures 7 3.2.1 Power distance 8 3.2.2 Individualism versus collectivism 8 3.2.3 Masculinity versus Femininity 8 3.2.4 Uncertainty Avoidance Index 8 3.2.5 Long term orientation versus short term normative orientation 8 3.2.6 Indulgence versus Restraint 8 3.3 Deficiency, Need and Desire differ the values of individual 8 3.3.1 Physiological needs 9 3.3.2 Safety needs 9 3.3.3 Love and belonging 10 3.3.4 Esteem 10 3.3.5 Self-actualization 10 4. “Recognition may be motivational for the moment but it does not have any staying power. It`s an empty reinforce, because when you go to the grocery store, they don’t take the recognition as a form of payment.” Discuss...
Words: 3518 - Pages: 15
...------------------------------------------------- Task 1: Organization and Leadership Analysis Table of Contents Organization Overview 4 Organization Description 4 The Company Mission 4 The Organization – SEAD 4 The CEO – Jon Shreve 5 Leadership Practices 6 Relationship Between Leadership and Organizational Culture 7 SWOT Analysis 9 Organizational Strengths 9 Technical Skills 9 Strategic Thinking 10 Organizational Weaknesses 11 Under-developed Leadership 11 Failing to deliver quality results 11 Organizational Opportunities 12 Political Forces - Obamacare 12 Economic Forces - Cloud Computing 13 Organizational Threats 14 Leadership Evaluation 16 Leadership Strengths 17 Innovative Thinking 17 Future-Facing 17 Managing Relationships 18 Leadership Weaknesses 19 Lack of formal higher education in executive staff 19 Weakness of Human Skills 19 Lack of Systems Thinking 20 Recommendations for Leadership Development 21 Lead with Humility (Level 5 Leadership) 21 Engage in Interactive Leadership 22 Practice Authentic Leadership 22 References 23 Organization Overview The focus of this section is to provide a description of the Software Engineering and Development (SEAD) organization at MCG, the leadership practices of the company’s CEO, and the link between the CEO’s leadership practices and the SEAD organizational culture. This department and leader were chosen for two reasons. First, the SEAD organization underwent many...
Words: 5552 - Pages: 23
...LaTashaia Cole MGT/488 Strategic Business Management and Planning Professor Vermuth University of Phoenix October 4, 2011 Internal Risk Assessment Hewlett Packard Company was founded in January 1939 and was created by Dave Packard and Bill Hewlett. The company’s management uses good listening skills, engaging with customers and employees, and personal involvement for its management techniques. Hewlett and Packard managed the company using a principle called management by objective. According to Bill Packard, “management by objective refers to a system in which overall objectives clearly stated and agreed upon, and give people the flexibility to work toward those goals in ways they determine best for their own areas of responsibility. Hewlett- Packard Company strengths and weaknesses are in marketing, human resources, management, research and development, and finance have a huge impact on the profitability and welfare of it. The Hewlett Packard Company focused strongly on implementing telemarketing as way to reach its customers. Hewlett Packard Company provides its customers with software, solutions and services, and technology products. The change in the marketplace and customer’s expectations, Hewlett Packard focused on the customer insight. Hewlett Packard Company marketing leadership is received by the company creating and dispensing practical, new products, services, and resolutions. These new innovations for the company will allow the company to achieve profits...
Words: 1200 - Pages: 5
...Personal Leadership Personal Leadership Personal Leadership Style Dai Meeks 1 Personal Leadership 2 Personal Leadership Style Understanding yourself is essential to be a good manager and leader, a primary characteristic of effective leaders is they know who they are and what they stand for. Reflection (A1a) The seven habits profile reveals that I overall have several qualities of a highly effective person. My emotional and life balance are great indicator I have been able to manage life without burning myself out. I am married with four children. I work a full time job and now going back to school. I have been fortunate enough to have an awesome support system that allows me to balance family and work. I prefer to be proactive and plan for issues opposed to reacting to them. Prior to starting any project I think about the end result and the effects on the future. When prioritizing I tend to complete the most important tasks. Seeing others happy is more important to me so I often compromise to insure everyone gets a little of something they want. When there is a breakdown in communication, I try to understand other people’s point of view. I am creative and seek to find solutions that are outside of the box and value other people’s opinions. Making sure I take time for myself and family is extremely important to me. Based on the results of the seven habits profile my leadership style is very authentic, team oriented, and driven to help others succeed. Leadership Practices...
Words: 1374 - Pages: 6
...Management Principles xxxxxxxxxxx MAN103 xxxxxxxxxx 30 September 2013 According to Henri Fayol there are fourteen management principles (sherzad, 2011). I will not be expounding on all of them however, I will be discussing a few of them and applying them to real life. The five I feel are most important will be detailed below. They are also the first five on his list; Division of Labor, Authority and Responsibility, Unity of Command, Unity of Direction, and Equity. In conclusion I will present reinforcing performance. The first is Division of labor. Meaning work of the organization is subdivided into smaller tasks. This is part of the fundamentals of organizing a company and is in contrast to specialization. When organizing under the division of labor organization style, the smaller tasks are performed by various people throughout the company. It works well for small companies where employees know how to perform many different skills and are equally qualified to perform the work. In contrast in a larger company organizing under the concept of specialization can be more efficient. In smaller companies, often there is not enough resources to specialize employees as in the larger companies. Problem with both are evident, with Division of Labor often different people perform the task with differing standards, in turn, with Specialization the employees can allow their standard to drop as they get bored by the repeated task. In my experience it is best two use...
Words: 1690 - Pages: 7
