...Setting and Achieving Goals The process of strategic planning in an organization is imperative to ensure the survival and growth of an organization. Strategic planning helps to analyze the environment and other factors that might affect the smooth running of an organization. It also tries to rectify any issues in the organization that may cause it to fail and can give the organization a competitive advantage. According to an article in Public Relation’s Tactics “A plan’s design should be dictated by the organization.” (Newsome, 2008, p. 16) In undergoing the process of strategic planning two sub-processes come into play which are namely BSTEP analyses and SWOT analyses, and these two make up strategic planning. PEST (Political, Economic, Social, Technological)("PEST," 1999-2010) analyses management will analyzing the companies industry paying particular attention to company goals and whether achieving goals set is viable for that industry. Management will also monitor competitor’s behaviors and compare standards of outputs as to competitors, to ensure that standards being used are better than those of competitor companies. This will ensure the organization grows because the organization will constantly keep their rivals under check .It also promotes alertness and competition thus driving them to produce better products and or services. PEST also pays attention to the socio-cultural side of their market which is a key step in the growth and survival of an organization...
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...Strategic Plan III Sa’eed Abdul-Karim BUS/475 July 28, 2013 Professor Robert Stokes The goal of Saeed Home Improvement is to give homeowners a one stop home service experience with minimal effort and a stress-free environment. Our vision is to grow our home care concept with an innovative approach and strategic measures that will provide a service that is currently only available to the elite homeowner of the world but at a price for the average working class. The organization can capitalize on the intangibles aspects of the business, customer service and appreciation, friendly attitude, and customer satisfaction. Saeed Home Improvement will deliver quality products in a timely manner with the best customer service in the industry. This is extremely important since our business brings us into direct contact with the homeowner on a daily basis. There are several opportunities to take advantage of in exceeding the homeowner’s expectation. This objective will derive from the company mission statement which clearly outlines the importance of the customer, employees, and vendors. The strategic tool of chose for collecting and reporting information to managers on four specific areas of the business is the balanced scorecard. The internal and external communication of the organization will improve with the assistance of this tool. The balance scorecard helps a business or organization to achieve long-term prosperity by...
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...2 Strategic Management Strategic Management 2012 2012 1- Competitive Advantage When a firm sustains profits that exceed the average for its industry, the firm is said to possess a competitive advantage over its rivals. The goal of much of business strategy is to achieve a sustainable competitive advantage. Michael Porter identified two basic types of competitive advantage: * cost advantage * differentiation advantage A competitive advantage exists when the firm is able to deliver the same benefits as competitors but at a lower cost (cost advantage), or deliver benefits that exceed those of competing products (differentiation advantage). Thus, a competitive advantage enables the firm to create superior value for its customers and superior profits for itself. Cost and differentiation advantages are known as positional advantages since they describe the firm's position in the industry as a leader in either cost or differentiation. A resource-based view emphasizes that a firm utilizes its resources and capabilities to create a competitive advantage that ultimately results in superior value creation. The following diagram combines the resource-based and positioning views to illustrate the concept of competitive advantage: A Model of Competitive Advantage Resources | | | | | | Distinctive Competencies | | | Cost Advantage or Differentiation Advantage | | | Value Creation | | Capabilities | | | | | | ...
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...Bow Wow’s Animal Shelter BUS/475 Debra Cox November 26, 2013 Lenny Washington Bow Wow’s Animal Shelter Bow Wow’s Animal Shelter is located in Lake Wales, Florida. In the state of Florida there have been reports of over 1,500 cases of animal abuse as of April 2013(Pet-Abuse.com, 2013). This paper will give an overview of Bow Wow’s Animal Shelter mission, vision and value statement. There will also be an explanation of how the mission, vision, and value statement will guide the shelter’s organizational strategic direction and how the customer’s needs and critiques are to be addressed. Company’s Overview Bow Wow’s Animal Shelter is a non-profit no-kill shelter. The shelter provides grooming, medication, spay and neutering, medical treatment, training, and food for pets. The animals brought to the shelter are accepted by the staff will have a home forever if not adopted by any patron. The adoption fees are a donation of $50 per animal adopted or a patron can donate his or her services or materials from the wish list of equal amount to the adoption fee. Mission Our mission is to provide animals with the care and love they deserve. At the shelter we want to provide protection to the animals that are being neglected; medical treatment to those animals whose owners that cannot afford medical treatment. We want to create a safe haven for the animals, but also for the customers who are in need and do not know where to get help. Vision Our vision is to create ways for...
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...Restaurant strategies to attract customers Impact of incentives to employees Effective Customer care Hotel guest satisfaction Factors to develop tourism in your place Problems that occur in hotel and restaurant Hospitality Generally, hospitality refers to jobs in the hospitality industry, such as hotels, restaurants, catering, resorts and casinos as well as other hospitality positions that deal with tourists. Hospitality involves the relationship process between the hotel and a guest. It also involves the act of being hospitable, such as guest reception and entertainment with friendliness, goodwill and liberality. Hospitality is also known as the act of munificently giving care and kind-heartedness to whoever is in need. Hospitality is important to modern day businesses, and one of the following topics could make for a good tourism dissertation. * How customers choose leisure hotels when they plan overseas holidays. * Perception and attitude of British customers toward the Hilton Hotel in London. * Does the brand of leisure hotel matter when British customers choose accommodation. * Factors affecting leisure hotel buying decision making of British customers. * Examining the implications of the Internet toward online travel agents: The case study of Lastminute.com * Investigating expectation from budget hotels: The case study of Holiday Inn Express. * Does brand extension in hotel chains affect buying decisions of customers? * Does brand...
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...Global Distribution System A Global Distribution System is basically a centralized database that is accessible to its subscribers through the use of computing terminals. The The objective of a GDS is to distribute a comapny's products to as many people as possible and in the most effective and cost efficient ways so that they can be purchased. The use of a global distribution sytem is very important, especially now days. A GDS is used for inventory control and rate management, as a data repository, for data dessimination, for revenue generation, and for stratigic positioning. One role a GDS plays in the hotel industry is to process transactions, controlling, and reporting room inventory and hotel rates. A second way a GDS is used in the hotel industry is a data repository. This keeps track of important guest information such as preferances, profiles, and buying patterns. The third funtion of the global distribution system is the dissemination of vital information like inventory availability, rates and hotel information and in real time for access by all service associates which allows them to perform their jobs more efficiently. A hotel GDS is also used as a source of revenue, and not just for room nights or meeting sales and revenue maximization but through fees charged for participation and processed transactions. Lastly a hotel GDS provides access to markets, lets a company implement unique functionality and selling strategies, builds strategic alliances trough inter-organizational...
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...Companies Responsbilities Introduction Company responsibility is a process which aims to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. It is defined as a form of corporate self-regulation which is integrated into a business model. Company responsibilities functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The term "corporate social responsibility" came into common use in the late 1960s and when many multinational corporations formed the term stakeholder, and organization's activities had a major impact on the stakeholders. There has been different views towards company responsiblities wherein Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses. Others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations. CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. There are different approaches towards social responsiblities, they are broadly clasified into two, the primary...
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...Employee Recruit, Select & Ret Hypothetical 1 Components of strategic staffing Workforce planning is the process of predicting an organization’s future employment needs and assessing its current employees and the labor market to meet those needs. Usually involves both the hiring manager and a staffing specialist. Can be short-term and focus on an immediate hiring need. Can be long-term and focus on the organization’s needs in the future. Workforce planning is better strategically the more it addresses both the firm’s short- and long-term needs. Sourcing and Recruiting Talent. Sourcing: locating qualified individuals and labor markets from which to recruit. Recruiting: all organizational practices and decisions that affect either the number or types of individuals willing to apply for jobs and accept job offers. Sourcing identifies people who would be good recruits. Recruiting activities entice them to apply to the organization and accept job offers, if extended. Selecting and Acquiring Talent. Selecting: assessing job candidates and deciding who to hire (Operates in a strong legal context). Acquiring: involves putting together job offers that appeal to chosen candidates, and persuading job offer recipients to accept those job offers and to join the organization (Negotiations usually result in employment contracts). Deploying Talent. Deploying: assigning talent to appropriate jobs and roles in the organization (Succession planning and career developments enhance deployment...
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...Intro • Seemed to not inspect quality that well • Preston plant was located Preston, Vancouver • The headquarters was in Massachusetts • The company coated papers for ink jet printers, majority of output • After coating the conversion department cut the coated rolls to the final size and packed the sheets in small cartons The curl problem • Hewlett – Packard, main customer, had problems with paper curling under low humidity o Reasonable Demanding, don’t trust you if they are testing your product, can be an incentive • Next 7-8 months they tried to fix the problem • They actually solved the problem in January 2000 • Then made revisions for a new improved coating formula • They were also making a loss of $2 million for the year Slipping out of control • Spring 2000, productivity, scrap and re-work levels = poor • Because of this the company increased the speed of the line and made a lot of changes to raise productivity o No discipline, concept of control o Only worried that product was shipped within specification • Hewlett – Packard (their main customer) analyzed the report, saw that they can make the product but they were wondering for future two ore three generation products • 2000 had 2 significant events o Hewlwtt = Packard asked plant to bid to supply a new ink – jet platform, known as vector, would secure healthy order for several yeasrs o The plant was acquired by Rendall • Hewlett – Packard attitude bewildered the management team o They saw...
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...Business Model and Strategic Plan Part 1: Conceptualizing a New Product or Service Division of Existing Business Mary Locket Bus/475 July 22, 2015 Franky Johnson Strategic Plan, Part 1: Conceptualizing a Business Introduction The sought after products Ingram offers such computers, software, storage devices and so on will give in such a way that the consumer will report nothing but positive feedback. This is a company that strives to provide the most outstanding services and leads the completion by far. They offer services such as financial planning initiatives for corporation seeking to improve their corporation. These services not only provide a way to improve your business but it provides the technology that by far exceeds the leading corporations that offer these services. The idea of offering warranties for the devices they sell opens a whole new dimension that involves reshaping the company to allow for the growth and become the industry’s leading sought after company for the services they provide. The new offer for technical support which provides online chat and remote assistance with problems people experience will allow for the company to improve on company’s morale and dedication. This will allow for customers to seek advice for their purchased products and allow the new desire for other products that are available. If the customer is satisfied they will be a good referring agent and continue to add to the growth of the company. These steps will allow for...
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...Faculty of Business Marketing Strategic Management Marketing Strategic Management Assignment – SWOT Analysis for Islamic International Arab Bank (IIAB) Marketing Strategic Management Assignment – SWOT Analysis for Islamic International Arab Bank (IIAB) Done by: * Dania Done by: * Dania Table of Contents Introduction 3 IIAB Strategic Statement: 3 Vision Statement: 4 Mission Statement: 4 Our Policy Statement: 4 Objective Statement: 5 Strategic Statement: 4 External Environmental Scanning: 5 Macro-Environment & PESTEL Analysis 5 Five forces framework: 7 Market segmentation & Competitor Grouping 9 External Factors Analysis Summary (EFAS) 10 Internal Factors Analysis Summary (IFAS) 11 Stratigic Factors Analysis Summary (SFAS) 13 Introduction The Jordanian banking sector go back to the year 1925, when the Ottoman Bank commenced its operations in the country as the first commercial bank, followed by Arab Bank in 1934 and the British Bank of the Middle East in 1949. The banking sector remained limited to these three banks until 1955, when three new commercial banks were incorporated during the period 1955 - 1960, namely, Jordan National Bank, Jordan Bank, Cairo - Amman Bank in addition to Rafidein Bank, which opened its first branch in Jordan in 1957. The banking sector did not experience any major developments during the period of the 1960s since no other banks, either local or foreign, emerged. However, with the beginning...
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...To: Guy Mills From: Adam Rice Date: Februrary 22,2014 Subject: Reports for Aqua Fish Canada Inc. Executive Summary Aqua Fish Canada Inc.(AFC) is facing with several challenges that the board ofdirector decided to adopt new business strategies to meet its corporate strategic goals. Currently, Site 3 employees' neglect of duties and increasing competitive aquaculture industry has made AFC's position at a disadvantage. Therefore, they determined to implement proper strategies (diversifyinto shellfish farming or Project Blue Wave) to enhance its profitability in a better way. The detail of analysis will be shown in the following report. Based on the analysis, the proper recommendation for AFC is to diversifyits shellfish farming by leasing theblue mussel farm site in PEI, which could provide an upward progitability in the future. To achieve its strategic goals, AFC should provide anappropriate inplementation plan: • Training new employees for mussel farm site • Improving oversea shipment system • Maintaining high quality to create reputation in oversea market Introduction Currently, all the internal and external factors (such as the growing intense competition of aquaculture industry, AFC's Site 4 quality issue, Site 3 employees issue, and seasonal gap of this industry) put AFC in negative position. This report will explain the curent situation for AFC, analyze alternatives quantitatively and qualitatively...
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...United States Economics The Mortgage Industry Introduction In the United States, the mortgage market has successfully and efficiently extended home buyer credit for generations. This business has enabled millions of families to achieve the American dream of owning their own home. The use of subprime mortgages contributed to record numbers of individuals or families with different levels of income, who were previously less than credit worthy now gained greater opportunities to buy a home. Unfortunately, the use of subprime mortgages, however well intentioned, went horribly wrong by practices of poor risk management, lax government oversight, and many assets that are funded by too low equity contributed by owners. The recent financial crisis and the role of mortgage backed securities including allegations of fraudulent activities continue to threaten the company’s financial health through sub-prime related losses. “We believe that these lawsuits further increase the company’s litigation risk and also represent a threat to scathe the company’s financial health to some extent. However, if proved or settled, the investors can breathe some relief” Market Analysis The markets have been in decline for 3 years and there is a very significant challenge that the housing market is presenting to us. We may be on the verge of a double dip recession, the economy is weakening both here and abroad...
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...Business Analysis Part III Glennyce J Nelson MGT-521 June 29, 2012 Dr. Olivia Herriford Business Analysis Part III For part III of the Business Analysis project, a review of the strategic initiatives taken by The Walt Disney Company relative to organizational and operational adaptations to the changing markets. An explanation of how recent economic trends are influencing the company, strategies Disney has used or could use for adapting to the changing markets. In addition, tactics Disney has implemented or could implement to achieve their strategic goals, the role human resources management plays in helping them achieve the goals, and would I be willing to invest in this company as a mutual fund manager. How Recent Economic Trends Are Influencing Disney. Even though the economy has been in a recession for the past couple years The Walt Disney Company has been doing well and shown continued growth. The company continues to show signs of being a healthy company as indicated by their continued increase in their net income Nelson (2012) “Disney’s income for 2011 and 2010 was $4,807 and $3,963 respectively, which represents a 21.30% increase.” (p. 4). In addition, the company had a net income of $3,307 in 2009, which represents a 19.84% increase for 2010. As shown in Figure A, Disney has shown growth in all areas of its financial statements during the past three years. Over all the company has not been significantly effected by the current economic downtrun and has...
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...To: Guy Mills From: Adam Rice Date: Februrary 22,2014 Subject: Reports for Aqua Fish Canada Inc. Executive Summary Aqua Fish Canada Inc.(AFC) is facing with several challenges that the board ofdirector decided to adopt new business strategies to meet its corporate strategic goals. Currently, Site 3 employees' neglect of duties and increasing competitive aquaculture industry has made AFC's position at a disadvantage. Therefore, they determined to implement proper strategies (diversifyinto shellfish farming or Project Blue Wave) to enhance its profitability in a better way. The detail of analysis will be shown in the following report. Based on the analysis, the proper recommendation for AFC is to diversifyits shellfish farming by leasing theblue mussel farm site in PEI, which could provide an upward progitability in the future. To achieve its strategic goals, AFC should provide anappropriate inplementation plan: • Training new employees for mussel farm site • Improving oversea shipment system • Maintaining high quality to create reputation in oversea market Introduction Currently, all the internal and external factors (such as the growing intense competition of aquaculture industry, AFC's Site 4 quality issue, Site 3 employees issue, and seasonal gap of this industry) put AFC in negative position. This report will explain the curent situation for AFC, analyze alternatives quantitatively and qualitatively...
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