...Disciplines and Secrets to Successful Strategy Execution | Book Review | | Introduction: Gary Harpst was one of the founder and CEO of The Lord’s Business Inc.(TLB), aka Solomon Software, very popular software back in the 80's and early 90's when the PC industry was very young. He grew his business from startup to achieve great success, finally selling the company to Great Plains Software (since purchased by Microsoft) for a hefty sum (Bergin Tim, An Interview with GARY HARPST). Gary’s book, “Six Disciplines Execution Revolution: Solving the One Business Problem That Makes Solving All Other Problems Easier” was published in July 2008. In Six Disciplines Execution Revolution, Harpst details the elements of a complete strategy execution program, explains why it could only have happened now, and clarifies why such a program will become a mainstream requirement for successful small and midsized businesses in the future. Summary: According to Harpst, excellence is the enduring pursuit of balanced strategy and execution. Strategy requires choosing what promises to make to all stakeholders and a roadmap for delivering on those promises. Execution requires getting there, while overcoming unending surprises. Excellence is a journey – not a destination. A business excellence model tells organizations as to how they should operate relative to the two dimensions of strategy and execution. (See figure 1, Exhibit 1) Quadrant I: Strong Strategy/Weak Execution: In this quadrant, a...
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...Literature Review Analysis and Report of “Shaping Strategy in a world of Constant Disruption” Havard Business Review Article by: John Hagel III, Seely Brown, Land Davison Presented by: Edwin Martin, Shawn Ransome, Jason Roach November 2011 Table of Contents 1. Executive Summary 1 2. What is this reading about? 2 3. Critical Issues 3 4. Relation to topics discussed 4 5. Alignment of concepts with topics discussed 6 Executive Summary A shaping strategy is one which will normally command the majority into changing their paradigms about a certain product, causing disruptive innovation to take place. In order to garner such massive support for such a new product, the product must be marketed well enough to convincingly express the new opportunities afforded to the audience. The new product must also define new standards and practices which make participation easy and affordable. Also, demonstrating that there is the conviction and resources for success which would not compete against participants. Essentially there are 3 key ingredients to making a successful shaping strategy; 1. Create a shaping view, 2. Develop a shaping platform and 3. Demonstrate shaping acts. This report will attempt to review and analyze the HBR article “Shaping strategy in a world of constant disruption” and would show how the shaping strategy can be used to propel business growth while gaining massive support for new innovative and technological products. The report...
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...1 Ghullam Yousaf Hist 1301 Prof. Juan Garner December 6, 2012 Book Review The book, “Abraham Lincoln and the second American Revolution” is mainly focused at the Civil War and how Lincoln was involved in most of the changes that happen during the War, For example the political and social issues, and the slaves that were liberated in the south. In this book McPherson tells us that president Lincoln was a conservative and a revolutionary. The War made Lincoln very popular because of his leadership ability and strategy. He is the most important president who fought to keep young stay whole. James McPherson best known for his prize winning book “Battle cry of Freedom,” which was the New York Times Book Review called one of top history writing. It is an account of the Civil War, which McPherson gathered in a sweep of events, which accounts the political, social, and culture aspects during the Civil War. In Abraham Lincoln and the Second Revolution, McPherson takes a different style of writing by offering a series of engaging essays on Lincoln and the Civil War that have rarely been discussed in such depth. McPherson displays his insight prose as he thoroughly examines the critical- themes of American history. He examines the President’s role as commander- in -chief of the Union forces explaining how Lincoln forged a national military strategy for victory. He exposes how Lincoln used parables and figurative language to...
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...of business history and has added greatly to our understanding of corporate organization's critical role in economic development and died on May 9 in Cambridge, Mass and he was 88. Even though he was busy with administrative duties since he began at the Massachusetts Institute of Technology in 1950 as a research associate until he become chairman of the Historical Advisory Committee of the U.S. Atomic Energy Commission in 1969, a post he held until 1977, he still find time to write and one of his famous achievement was his book The Visible Hand: The Managerial Revolution in American Business which is the conclusion of his point of view on the operation of American business and earned the Pulitzer and Bancroft prizes in 1978. Moreover, he wrote The Essential Alfred Chandler: Essays toward a Historical Theory of Big Business (1988), and his Scale and Scope: The Dynamics of Industrial Capitalism was written with the assistance of Takashi Hikino (1990). Scale and Scope was hailed as an imperative historical reference covering three-quarters of the twentieth century. Alfred Chandler contribute on management and as business historian he studied the management from a historical perspective and see the business firms in the environmental context including social, cultural, legal, political, and economic in which they operate. In result of Alfred Chandler’s recent passing, it causes to review and celebrate his many contributions to business history. It also presents an opportunity to...
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...Mainiero, L. and Tromley, C. Developing Managerial Skills in Organizational Behavior: Exercises, Cases, and Readings (Englewood Cliffs, NJ: Prentice Hall) (2d ed. 1994), pp. 322-329. Evolution and Revolution as Organizations Grow Larry E. Greiner A small research company chooses too complicated and formalized an organization structure for its young age and limited size. It flounders in rigidity and bureaucracy for several years and is finally acquired by a larger company. Key executives of a retail store chain hold on to an organization structure long after it has served its purpose, because their power is derived from this structure. The company eventually goes into bankruptcy. A large bank disciplines a "rebellious" manager who is blamed for current control problems, when the underlying cause is centralized procedures that are holding back expansion into new markets. Many younger managers subsequently leave the bank, competition moves in, and profits are still declining. The problems of these companies, like those of many others, are rooted more in past decisions than in present events or outside market dynamics. Historical forces do indeed shape the future growth of organizations. Yet management, in its haste to grow, often overlooks such critical developmental questions as: Where has our organization been? Where is it now? And what do the answers to these questions mean for where we are going? Instead, its gaze is fixed outward toward the environment and the future--as...
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...Requiements of business Management Systems: A Delineation of the Comprehensive Set of Criteria Bartłomiej NITA* 1 Introduction There are organizations which have serious problems with transforming their strategies in-to actions and achieving good performance, so the major purpose of modern management accounting is to support the strategy execution. However, for fulfilling this goal it is essential to design and implement effective performance measurement and management system in order to asses, control, and finally improve organizational performance. Unfortunately, still a lot of companies today use financial and accounting-based calculations as the ultimate measures of company performance although exclusively financial approach to performance is not sufficient any longer. The aim of the paper is to figure out the requirements that should be fulfilled by modern performance management systems. Thus, in the first part of the article the short review of contemporary approach to performance management was described, in the following part different opinions and discussions from the relevant academic literature were depicted and finally the comprehensive set of ten requirements was proposed. 2 Contemporary Approach to Performance Management In 1965 R. N. Anthony published his seminal work titled “Planning and Control Systems”, in which he introduced the concept of management control. His classic definition of management control...
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...Managing Change in a Contemporary Organisation At the beginning of the 21st century the forms of change within organisations have been innovatory and a widespread conviction has arisen as to the revolutionary nature to such changes as a sign of the times, (Pettigrew & Massini, 2003). While Tushman & O’Reilly III (1996) argue that the industry level of studies has not been helpful in illustrating the path of organisation’s change, Greiner (1972) outlines a corporate growth model in order to provide a useful framework in understanding organisational change. Psychologists believe that learning as a human behaviour can be defined as the relatively permanent change in actions as a result of experience or practice, (Baars, 1986). Reflecting and highlighting this concept in relation to an organisation it is subsequently essential to look at organisational change from a historical perspective as organisations learn from their own experiences. Thus innovations in terms of evolutionary and revolutionary change occur at each organisational growth level as determined by Greiner (1972). To answer these fundamental questions about the nature of organisational change it is vital to distinguish between two levels of change. Similarly the factors that directly influence organisational behaviour and organisational features that determine these factors should be examined in turn need to be considered. In line with Greiner’s (1972) theory each of the organisational elements and processes are shaped...
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...The Art of Standards Wars Carl Shapiro Hal R. Varian S tandards wars—battles for market dominance hetween incompatible technologies—are a fixture of the information age. Based on our study of historical standards wars, we have identified several generic strategies, along with a number of winning tactics, to help companies fighting today's—and tomorrow's—battles. There is no doubt about the significance of standards battles in today's economy. Public attention is currently focused on the Browser War between Microsoft and Netscape (oops, America On-Line). Even as Judge Jackson evaluates the legality of Microsoft's tactics in the Browser War, the Audio and Video Streaming Battle is heating up between Microsoft and RealNetworks over software to deliver audio and video over the Internet. The 56k Modem War of 1997 pitted 3Com against Rockwell and Lucent. Microsoft's Word and Excel have vanquished WordPerfect and Lotus 1-2-3 respectively. Most everyone remembers the Video-Cassette Recorder Duel of the 1980s, in which Matsushita's VHS format triumphed over Sony's Betamax format. However, few recall how Philips's digital compact cassette and Sony's minidisk format both flopped in the early 1990s. This year, it's DVD versus Divx in the battle to replace both VCRs and CDs. Virtually every high-tech company has some role to play in these battles, perhaps as a primary combatant, more likely as a member of a coalition or Prepared for the Cnlifornia Management Review.Jh'is material...
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...Strategic Management, Frank Bros.&Co., 7th Ed.,2007 Other readings: |S. No |Journal articles as compulsory reading | |. |Camillus, J. C. Strategy as a wicked problem, Harvard Business Review, May 2008 | | |Hirotaka, The contradictions that Drive Toyota’s success, Harvard Business Review, June, 2008 | | |C.K. Prahalad’s Plan: India @75, Business Today, August 24, 2008 | | |McAfee, A. and Brynjolfsson, E., Investing in IT that makes a competitive Difference, Harvard Business Review, July-August, 2008, PP.98-107 | | |Collis, D.J. and Montgomery, C.A., Competing on Resource, Harvard Business Review, July-August, 1995 | | |Michael E. Porter, From competitive advantage to corporate strategy, Harvard Business Review, May-June, 1987, pp.43-59 | | |Markides, C.M., To diversify or not to diversify, Harvard Business Review, Nov-Dec., 1987, pp.93-99. | | |Goold, M. and Kathleen, L., Why diversify?...
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...DDBA 8160: Business Strategy and Innovation Student Support and Calendar Information: So that you have all key information available to you offline, it is highly recommended that you print out the following items for your reference: * This Syllabus * Term Calendar * Instructor and Student Support Info Course Number and Title DDBA 8160: Business Strategy and Innovation Credits 3 credits Catalog Description This course focuses on the development and implementation of business strategies that enable competitive advantage, with an emphasis on understanding the current environment and innovation in which the organization competes and forecasting how that environment may change. Course assignments focus on the practical application of writing and critical-thinking skills and the integration of professional practice at the doctoral level. Learning Objectives Stated in Terms of Learning Outcomes By the end of this course, you will be able to: * Demonstrate an understanding of the evolution of traditional concepts of strategic management and thinking, including models of business-level competitive advantage * Evaluate contemporary challenges to traditional strategic management and thinking models * Apply systems-thinking principles to the framing and analysis of business problems and opportunities * Develop innovative business strategies designed to achieve sustainable solutions * Synthesize principles of sustainable strategic management...
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...SOUMI BANERJEE UG:2 ; 4th Semester; ROLL NO. : 107 PAPER :Major 5----- INDIAN POLITICS SINCE INDEPENDENCE. THE CHANGING DYNAMICS OF PEASANT MOVEMENT IN INDIA The agrarian structure and land reforms in india have undergone a significant change since Independence both as a result of land reforms during the mid-fifties and more so as a consequence of rapid-technological changes, especially since the mid-sixties. During the late nineteenth and early twentieth century, increase inproduction of commercial crops and introduction of canal irrigation in some parts of india acted as a catalyst in enhancing agrarian development. However, irrigation investment was confined to only limited areas and also the archaic land relations provided a strong barrier to the full exploitation of the benefits of new technology. The land relations were more or less semi-feudal in the Permanently settled ares.Even in the Mahalwari and Ryotwariares, where land transfers had been legalized,large tracts of land had passed to absentee money-lenders and sahukars, due to large-scale peasants’ indebtedness. This resulted in peasant uprising in various parts of India. Moreover because of the non-differentiation in the peasantry and the all-embracing nature of the anti-imperialist struggle, the peasant movement was able to unite all section of the peasantry. The nature of the peasant movement in the colonial period can only be understood in the context of the then existing mode and relations...
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...competitive advantage:resource heterogeneity,ex post limits to competition,imperfect resource mobility and ex ante limits to competition.This new model can help company adjust to different markets and is widely applied to single-business as well as multibusiness corporate strategy. 2.Gary R Fane, M. Reza Vaghefi, Cheryl Van Deusen and Louis A Woods, “Competitive Advantage the Toyota Way,” Business Strategy Review, Vol. 14, Issue 4, 2003, pp. 51 – 60. This paper mentioned the role of intellectual capital in Toyoda in forging corporate competitive advantage.Toyota’s TPS system is unique and the manufactures in US and Europe can hardly copy due to the different organizational structure. Toyota understood the significance of avoiding waist.They provide their workers with life-time employment in return for their loyalty and shift employees become company assets.They have a network of the suppliers which reduced the total time when filling a customer order.The efficiency of horizontal organizational system saved assemble time,improved the customer satisfaction and brought a critical competitive advantage to the company. M. Reza Vaghefi, Cheryl Van Deusen, Louis A. Woods, “Motor Drive,” Business Strategy Review, Vol. 18, No. 3, Autumn 2007, pp. 28‐32. This paper introduced the no accidental success of Toyota.Toyota has successfully using Asian supply management mode to conquer the system barriers and culture of western countries.It paid attention to the cooperation of supply...
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...HR Managers’ Roles & Contributions in Merger Processes Khalil Al Jerjawi Faculty of Business School of Management University of Western Sydney, Australia E.mail: mr.jerjawi@gmail.com Accepted: August 12, 2011 DOI :10.5296/ijhrs.v1i1.896 As companies have engaged in domestic and international mergers over the last few years in order to match the macroeconomic trends operating on a worldwide and more recently to cope with the current global financial crisis, human resource managers have been encouraged to play a more strategic role in their organizations, especially in the case of extensive and radical organizational change such as merging process. This study addresses and works on the existing research gap by investigating the roles of HR managers among the different roles which were defined at the fist by Dave Ulrich. This paper demonstrates that HR managers are an essential part of merger and that HR practices should be given an extensive emphasizing throughout such organizational change “the merger process”. Keywords: HR practices; HR manager roles; Merger process. 64 www.macrothink.org/ijhrs 1. Introduction In recent years human resource managers have been triggered to play a more strategic role in their organizations, especially in making strategic decisions and going through radical organizational changes such as merging process (Bjorkman & Soderberg, 2003). Nowadays this requirement is even more urgent and acute due to the fact that past decade has been characterized...
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... |88182467 |min du@nottingham.edu.cn | CREDITS AND LEVEL 10 credits, level 3 PRE-REQUISITES AND PRIOR LEARNING Pre-requisites are MAD I and MAD II. This module assumes that you have good understanding of core management accounting techniques and concepts as taught in MAD I and MAD II. In addition, you will be expected to recall the basic principles of how to do analysis as taught in Year 2 and 3 of your degree course, but to a higher level this year. Knowledge should include the ability to both critically describe techniques and also apply numerical analysis to scenario based problems. EDUCATION AIMS The principle aim of this module is to critically review current management accounting theory and practice by reference to up to date research monographs/reports and academic papers. The secondary, related aim is to enrich students' understanding of management accounting techniques by enabling them to evaluate how such techniques evolve over time and are sensitive to use in different contexts. LEARNING OUTCOMES Knowledge and understanding This module develops a knowledge and understanding of: • Customer expectations, service and orientation. • The sources, uses and management of finance. • The use of accounting and other information systems for managerial applications. • The...
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...Yen Nguyen ISM 6026 The New Digital Age – Reshape the Future of People, Nation and business book review “The New Digital Age” by Eric Schmidt and Jared Cohen gives us their vision of how technology will impact and reshape our lives in the future; a world of fully connectivity where every individual will be a part of the whole virtual world through the critical development of technology. Schmidt and Cohen’s argument is that the rapid improvement of computer technology with internet access will significantly connect and transfer every aspect of life from the physical world to the new virtual one, whether it is for the better, for the worse, or just different. The book also addresses the way humans interact with, apply, and explore technology in life and the guidance for humans to adapt the changes in the new technological revolution. The two authors start by introducing a variety of new technologies which are created and used to increase our efficiency such as smart devices, “additive manufacturing” _ 3-D printing, artificial intelligence, voice and gesture recognition, and robotics. These new technologies provide new opportunities for not only business but also many other fields including: education, healthcare, and entertainment. They indicate that the global trend will be supported strongly as connectivity spreads become power in the future, and an effective working environment will be created when the new technology’s invention removes language and geographical...
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