...Distribution Plan and Promotions Strategy In determining my distribution strategy, I have decided that I would leverage by using stores in different regions, however, the stores would have to accomplish the same strategy but for the demographics within it. Although selling online is a good option, I highly believe that my product would not leverage well. I’d hire a sales team that is exceptional at selling directly to suppliers as well as door-to-door. Having face-to-face contact with an “expert” of the product or service is great, because not everyone has access to the web. I recommend low cost provider strategy. This strategy helps strive to achieve lover overall costs and then using that low cost advantage to attract a wide range of buyers with a lower priced product offering than that of my competitor(s). I’d also seek focused strategy based on low costs, because this will allow me to concentrate on a narrow buyer segment and beating my rivals by having lower costs, this being in position to win buyer favor by means of a lower priced product offering. Lastly, best cost provider strategy. I am reaching to strive to achieve a competitive advantage over my competition by developing the capability to incorporate upscale product attributes at a lower cost than that of my rivals. It allows my company the ability to give customers more value for their money by underpricing rivals whose products have similar attributes. Best cost provider strategy is a hybrid strategy that blends elements...
Words: 723 - Pages: 3
...Learning Strategies Outline I. Introduction A. “ He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy and to walk humbly with your God” Micha 6:8, (NIV) B. When studying I have used flash cards, and would memorize what I had learned by cramming the night before tests. I used highlighters to help me also, but my books ended up looking like coloring books and I couldn’t remember the most important answers for my test because I couldn’t remember which text color was the most important. C. Through reading I have gained knowledge of better learning strategies. II. Body A. Pre-Reading, During-Reading and Post-Reading Strategies 1. I have used all three strategies while studying. Before I sit down to study, I browse through the chapter and get a feel for what I might expect. While reading, I take notice and look for answers to questions I may have, and to pay closer attention to words that are in bold lettering and underlined words. Once finished reading, I reflect back on what I have learned and fill in any part that I may not understand or have extra questions about. 2. These strategies have helped me tremendously because, I am able to answer questions allot easier and I don’t have to keep flipping my pages back and forth to remember what I have read from the beginning. I will already have grasped the concept of what is in my textbook, by browsing through and taking notice to what is outlined...
Words: 504 - Pages: 3
...Sept.14 : Chapter 1 Introduction to Strategic Management Monday, September 14, 2015 11:32 AM Why is strategy important? • Because it leads the organization in the right direction to achieve its goals and objectives.( performance) • It outlines the means by which a company intends to create unique value for customers a other important stakeholders • If forces managers to think holistically ad dynamically about what the company does and those activities consistently attract customers over competitors • Compared to a rudder and a ship. • It is the ability to see 5-‐ 10 years down the road • Its all the competitive moves that the company engages in order to win over customers • Senior management is responsible for strategy ○ Business policy : is a concern about strategy that preoccupy their minds Health care is the number 1 growth engine Conglomerates : are companies having portfolio of business in unrelated industries Three critical questions...
Words: 2012 - Pages: 9
... Title of Assignment: HIM Strategic Planning Document STATEMENT OF AUTHORSHIP: I certify that I am the author of this paper and that I have written this paper specifically for this class. Where I have used data, ideas, or words that are not my own, either quoted directly or paraphrased, I have used the proper citation. I have added quotes whenever I used more than three consecutive words from another writer. I understand that this paper may be submitted to the plagiarism identification service Turnitin.com for verification. Student's Signature (electronic initials): ___J.K._____________________________________________ Points Awarded for Assignment: Instructor's Comments: PLANNING MODULE I - PREPARING FOR HIMS STRATEGY DESIGN AND PLANNING STEP 1 - REVIEW HIMS ASSESSMENT RESULTS........................................ STEP 2 - REVIEW HEALTH SYSTEM DEVELOPMENT PRIORITIES AND DEFINE HIS PROBLEMS.................................................................................. STEP 3 - INVENTORY OF ON-GOING HIMS STRENGTHENING EFFORTS......... MODULE I APPENDICES....................................................................... PLANNING MODULE II - HIMS STRATEGIC PLANNING...
Words: 371 - Pages: 2
...help guide us in the direction we want to go, and enhances our abilities to achieve our life goals. I had never given much thought about strategy and strategic thinking in my personal and work life, but I now see the many benefits of practicing strategic thinking in my daily life. Effective execution of a new strategy is widely believed to be more important than even the strategy itself, and therefore, it is extremely important for management to skillfully lead a strategy’s implementation. There are many components involved in successfully enacting a strategy, most crucially active communication. Many complications arise in the process of implementing strategies due to the lack of complete understanding from everybody involved. Implementations often fail when there are unclear roles and responsibilities, and as a result of conflicts and misunderstandings. Successful managers are great communicators and ensure that the vision of the company and the strategic goals in the project are clear and well-defined in order to increase understanding and create alignment within the organization. They must also regularly share ideas, information, outcomes, and reasons so that everybody stays informed and on the same page. Organizational coordination is developed through quality communication and greatly reduces confusion and ambiguity. Managers should strive to align strategy implementation with their company’s culture in order to create value. This can be accomplished by...
Words: 2769 - Pages: 12
...align with the team’s mission and strategy. Goals must be specific and challenging and not general or unrealistic to accomplish. Our team realized the importance of goals in the beginning and that is why we were able to achieve every goal that was set in the initial meeting. The following were our goals that we set for the group: 1. Be prompt for all calls-each team member usually arrived 10-15 minutes early for every call that was scheduled. 2. Respect for each other’s time by communicating to the team leader if unable to participate in the calls-each member of the team made every call that was scheduled. 3. Everyone was expected to participate in the calls-every member of the team actively participated in the calls providing feedback when needed. E2. Motivation Strategies Motivating a team can be more challenging than motivating one person because each person within the team has different personalities, values, beliefs and goals. If a team can capitalize on each team member’s positive traits that they bring to the group, it will enable the team to be motivated and achieve more. Every team needs some form of motivation to accomplish its goals. Our team effectively established motivation strategies right from the start in the first meeting and we utilized them throughout the duration of the class. Our group realized the importance of motivation and made it a top priority. We established in the beginning that one strategy for our group would be non-aggressive...
Words: 1374 - Pages: 6
...Rationale For my final lesson plan, I choose to focus on Comprehension. The National Reading Panel’s report has identified Comprehension as one of the five essential components of effective reading instruction. Comprehension is an active process that enables the learner to understand the words being read, and is the actual reason for reading! Comprehension requires purposeful and thoughtful interaction with text, and improves through explicit teaching of specific cognitive strategies. More specifically, the rationale for explicitly teaching comprehension skills is that comprehension can be improved by teaching students to reason strategically when they encounter barriers to understanding what they are reading (National Reading Panel, 2000). The NRP reviewed over four hundred studies on text comprehension and found that there are seven instructional strategies that appear to have a solid scientific basis for students to increase comprehension. The first strategy is Comprehension Monitoring which involves students reading text with an aggressive awareness of when they do and don’t understand something. The second strategy is Cooperative Learning, which involves students working on clearly defined reading tasks in small groups or as partners. The third strategy is the Use of Graphic Organizers or Story Maps. This helps display concepts and interrelationships among concepts in text through the use of diagrams. The fourth strategy is Question Answering, which involves...
Words: 1395 - Pages: 6
...Management and Leadership: Strategy and Organizational Design Slide # | Scene/Interaction | Narration | Slide 1 | | | Slide 2 | | Sara: Hello.Today is the last day of your management training and I am very excited for you and the rest of the team.Before you complete your training, I would like for us to discuss the importance of implementing social projects into your company’s strategy and organizational design.Please gather Madison, Ethan, and Ben into the conference room so we can begin our final discussion. | Slide 3 | | Sara: Good Morning, team!Today is the last day of your training. You have all done very well. We will end our training with a discussion on strategy and organizational design and how important these elements are to leaders and managers of all corporations.Before we begin, Madison, can you provide us with a definition of strategy? | Slide 4 | | Madison: Sure. I believe that strategy is the process of positioning the organization in the competitive environment and implementing actions to compete successfully. This can include who the company plans on serving, what it will provide to others, and the types of contributions the firm intends to make to the larger society. Without a strategy, it is basically impossible for a corporation to have a long term plan or method to achieve their objectives and goals. A strategy also helps managers and employees focus on achieving the significant elements contained in the strategy. For example, here at...
Words: 1559 - Pages: 7
...CognitiCognition Strategy Consultants Inc. Motto: “I will see it when I believe it” Message: Imagine Strategy: Mental perspective Basic Process: Mental, distorted ------------------------------------------------- Central Actor: Brain Client: Robin Hood Perhaps starting with: Who are you? What is important to you? What don’t you do? I am Jorge Lopez an independent consultant that is trying to help Robin Hood`s organization to achieve success being this success based in getting the resources to become stronger in order to help poor people. For me it is important that the organization knows exactly what is their real situation in order to identify what are their constraints and capacities to formulate a good strategy. As a consultant I never will advice to Robin Hood `s organization with the generation of strategies that don`t involve a cognitive perspective. Cognition strategy consultants seek to identify potential judgmental biases of key client decision-makers. Which of the following biases might Robin Hood fall prey to? * Search for supportive evidence. * Optimism, wishful thinking. * Conservatism. Robin Hood`s band is acting conservative when they opposed to the Robin`s Hood transit tax. They want to continue with the confiscation knowing that this technique is not functioning anymore. * Selective perception. * Robin Hood may forget his passed problems with the Sherriff in order to generate an alliance with him to have the entire control...
Words: 425 - Pages: 2
...hitting the targeted markets. 2. Why is it important that individual franchise owners can build, manage, and distribute on the NBA platform their own content? This allows the individual team owner to promote their own business in their own ways in which they see fit. This is especially useful if a team owner wants to promote local advertising within certain cities and promote other products worldwide. Because the owner should know his fans the best. The people from NBA headquarters do not know as much about the people in the stands as the owner should. 3. Using the competitive forces model illustrated in Figure 2.3 of the text, analyze the NBA’s market situation. How does the use of Akamai help the NBA compete in this market? I think that NBA uses Akamai to allow fans and partners from many countries access NBA as quick as possible. NBA uses Akamai to provide fast downloading and make dynamic and personalized content faster. It allows NBA to focus on specialized niche. The Entry...
Words: 543 - Pages: 3
...August 20, 2010 Abstract My research topic on how implementing a differentiation and cost leadership strategy in parallel will facilitate mortgage companies to design a competitive advantage making industry conditions irrelevant within San Bernardino County is a quantitative analysis requiring a comprehensible methodology approach. In this paper I will discuss my research topic and provide sample research questions and hypotheses. Within the body of the analysis I will include a literature review and a draft methodology outlining the participants involved in my research, describe the purpose of sampling and the techniques I will use. Finally, I will illustrate the significance of my study and the anticipated findings as result of my research endeavor. Assignment 7.1 This detailed analysis will provide both depth and breadth vis-à-vis my research topic utilizing various research techniques and approaches. My research problem focuses on how implementing a differentiation and cost leadership strategy in parallel will facilitate mortgage companies to design a competitive advantage making industry conditions irrelevant within San Bernardino County. My research topic is designed to uncover the current strategies real estate companies are using to remain profitable and increase market share within San Bernardino County. This research problem will indentify generic strategies and uncover how focusing on both differentiation and cost leadership can create new market space or...
Words: 2149 - Pages: 9
...Mountain Bank Strategic Human Resource Management – HRM530005VA016-1118-001 Professor 23 October 2011 1. Discuss the strategies that Mountain Bank should implement to achieve a competitive advantage in the marketplace. Mountain Bank already has the necessary tools to implement a variety of strategic plans. The key will be making the necessary changes and implementing them in order to gain a substantial and competitive advantage in the marketplace. The banks recent internal studies concluded that their best resources are their tellers. Based on this information I would recommend focusing on this echelon of the workforce strategically. As a part of the human resource management (HRM) team I would recommend a duel fold strategy that melded the competitive business strategy and the human resource strategy. a. Competitive business strategy: This strategy would focus on the needs of the customers and how to meet them efficiently and consistently. Every banking business that truly wants to succeed must ask “why will customers bank with us?” This question is the basis for the strategy they must adopt. For Mountain Bank I would recommend a #1 focus on customer service and satisfaction. I am not talking about simple courtesy but the type of incredible service that stands out far from our competitors. Numerous studies have shown that superior service will always beat cost of fees or price. BIGresearch.com, an Ohio-based market intelligence firm, conducted...
Words: 1304 - Pages: 6
...Joanna Nowicka-Jakubczyk EMBA XVII edition Whirlpool Corporation’s Global Strategy - Case Report As many American based companies, Whirlpool Corporation after building strong position and success in North America, decided to “go international” and start its global expansion. The main Whirlpool’s objective was becoming the world market leader in home appliances, in what CEO of Whirlpool – David Whitwam strongly believed. Whitwam’s “go global” strategy plan was based on: * entering different markets, European, Asian, South American in parallel; * acquisitions of competitive appliance companies, i.e Philips, Indian companies; * creating joint ventures in targeted markets, like China; * new investments, mainly in South America. Despite great initial enthusiasm and proofs, that their strategy was successful, in the mid-1990s, serious problems had occurred in Whirlpool’s international operations, for instance significantly decreased profitability, also on home market, reported losses in Europe and Asia, failures in joint ventures, and last but not least in general lack of truly integrated strategy and company. To respond to a question, what happened, why Whirlpool faced so many problems on its way to be an international leader, we need at first give answer to a question, was their strategy assumptions correct? In formulating and development of global strategy, in my opinion Whirlpool made some general assumptions for industry development, which might...
Words: 853 - Pages: 4
...innovation based on how the infrastructure responds to those new, troubling, and sometimes off‐the‐wall ideas. Overview While innovators generally become passionate about pursuing a particular activity, some minimum level of infrastructure support is absolutely essential for them to move forward. forward The infrastructure must find a way to accommodate the innovation process, or innovation will not take place. The organizational infrastructure issues are : Mission The mission of an organization is a general expression of the overall purpose of the organization. It broadly defines the scope and boundaries of the I b dl d fi h d b d i f h organisation, which should be in line with the expectations and values of major stakeholders. Mission Written declaration of a firm's core purpose and focus which normally remain unchanged, whereas business strategies and practices may frequently be altered to adapt to the changing circumstances. Some organizations find it helpful to provide a concise and clear written statement of their broad objectives. Whilst such statements are called different names, most find the term mission statement to be the most suitable . Why have a mission statement? It clearly communicates the objectives and values of the organization to the various stakeholders groups. This theoretically prevents people from misunderstanding the purposes of the business. In the normal operation of...
Words: 1306 - Pages: 6
...As is often found in life, a combination between two extremes is the best solution when trying to answer a problem. Hypothetically situation can sometimes be dealt with by using one type of strategy, however using pure strategies to absorb demand fluctuations, leaves little room to adapt for unpredictability and error. When we use two or more strategies used in a combination, or a mixed strategy, which is more widely used across the industry, we have a better chance at success. With this in mind, I opted for a mixed strategy when seeking the optimal solution for my aggregate planning for the Bradford Manufacturing. I used a combination of the Stable Workforce and Level Strategy introduced in the textbook. Stable workforce is a strategy that allows for variable work hours. As a company you are able to vary the output by varying the number of hours worked through flexible work schedules or overtime. This ability to varying the number of work hours, will transfer to varying the quantity the company is able to produce. The advantages of implementing this strategy provides workforce continuity and avoids many of the emotional and tangible costs of hiring and firing associated with the chase strategy. I opted to keep my workforce number constant and to utilize overtime towards the end of the year in preparation for the rush that would be experienced toward the Holiday season. In order to implement a new line of production, 6 employees would have to be added to the workforce. These...
Words: 629 - Pages: 3
