...Management of Strategy: Concepts and Cases 9e Part I: Strategic Management Inputs Chapter 1: Strategic Management and Strategic Competitiveness ©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Chapter 1: Strategic Management and Strategic Competitiveness • Overview: Eight content areas – – – – – – – – Nature of Competition The Competitive Landscape I/O Model of Above-Average Returns (AAR) Resource-Based Model of AAR Vision and Mission Stakeholders Strategic Leaders The Strategic Management Process ©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Nature of Competition: McDonald’s • McDonald’s creates value for customers through: – Business-level strategies • Product Innovation • Upgrading existing restaurants • Listened to customers – value menu, healthier items, more convenience • Purchasing European property for future expansion – Corporate-level strategies • Disposed of its interests in other restaurants ©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Nature of Competition: Basic concepts • Strategic Competitiveness – Achieved when a firm formulate & implements a valuecreating strategy • Strategy – Integrated and coordinated set of commitments...
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...Study a Multi-National Organisation (MNC) that operates successfully in Zambia and contrast it with a local organization that is in a similar industry. Answer all 4 questions in 700 – 800 words:1. Selectively contrast and describe the effects of strategic leadership on each organization. Analyze the levels of strategic thinking applied by senior leadership members. 2. Analyze types of strategy that the local organization used and their degree of success or failure (examples might include how local values of stakeholders can be capitalized, or if growth strategies were from acquisitions or mergers etc) Contrast with the MNC 3. Analyze the effects or otherwise of Vision and Mission statements and how they are aligned to strategy implementation. 4. Contrast product or service differentiation and their effects on competitiveness and growth. Give examples. 1 Sylvia Bwalya Mutale-Mwansa Assignment Two TABLE OF CONTENTS ASSIGNMENT TWO ................................................................................................................................. 1 Answer all 4 questions in 700 – 800 words:- ............................................................................................... 1 EXECUTIVE SUMMARY .......................................................................................................................... 3 INTRODUCTION ..................................................................................................................................
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...undeniable and irrevocable as it came from multiple parties. Therefor there had been calls for a referendum to be held about participating in the EU or not, which led to the necessity of the speech, given to attain focus on UK’s future and what they would have to do to achieve the visions of the 21st century. It was also necessary to mention to the people that he has visions for the UK as well as Europe and also address the important choice the people has in front of them as it would be put in their hands to decide whether they should continue the cooperation with the EU or not. When a country is in despair it has been proven at several occasions how powerful a motivating and collected speech can be and with the uncertainty of UK’s position in the EU as it is now as well in the future, David Cameron’s was much needed to assert that they will take action and the outcome will be profitable for UK as a whole. The speech consists of 5 main parts where the first one revolves around the past to identify the previous goals of the EU, such as securing peace, which have been reached. To claim that these goals have been reached naturally leads to the purpose of the speech which is to determine new goals and a new role for the UK to play to have the future that they wish for. The second part is about the changes that the EU must make to deliver prosperity and retain the support of its peoples which is most requisite in order for UK to keep playing a committed and active part of the EU. ...
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...Company. We would like to thank Mr. Khalid Aziz the General Manager of the company who take out some time and briefed us on our queries, without whom this report would not be possible. Executive summary This report contains information about one of the jewelry manufacturing company of Pakistan named Pakistan Gems and Jewelry Development Company. The report consists on the following: company’s history, vision and mission statement, core values, its strategies. Through our survey while preparing our report and gathering information on PGJDC we came to know about certain things which gave us an upper hand to make our report more interesting and they are the compulsion and benefits being offered by PGJDC to its employees. In the last we compiled the training program of PGJDC which is definitely the core ingredient of this report. At the very end we have provided the URL links from which we take some information while preparing our report. S.NO | TOPIC | PAGE No. | 1. | Acknowledgements | 3 | 2. | Executive Summary | 4 | 3. | History | 4 | 4. | Vision and Mission | 4 | 5. | Core values | 5 | 6. | Target Market | 5 | 7. | Future Plans | 5 | 8. | Strategies | 6 | 9. | Training center | 7 | 10. | Code of ethics | 8 | |...
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...advanced economies. The Kenya ICT Master Plan is therefore not designed in isolation, given that there is evidence from developed countries that investment in ICT facilitates economic growth by increasing productivity. As the Kenya Government ensures an enabling ICT environment and regulatory framework, this plan aims at stimulating the setup of ICT-related businesses to enhance employment creation. At the heart of this document is a strategic intent to develop a robust ICT sector that will enhance economic growth through creation of businesses and hence employment. In the execution of this plan, Kenya will become a leading ICT hub for the region, improve the lives of her citizens and see significant ICT-led economic growth in line with Vision 2030. This ICT Master Plan aims at building and promoting an environment where more service sector businesses are created and are able to thrive through leveraging on ICT. ICT offers key benefits that make life simpler and more convenient for citizens and businesses and...
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...competitive advantage and achieve organizational objectives. This paper provides an approach for organization to manage KM through strategic management process. KM currently is a discipline which is growing very fast. Therefore to support business viability and competitiveness, organization needs to integrate fragmented landscape of KM with strategic management process. Keywords: Knowledge Management, Strategic Management. 1.0 INTRODUCTION According to Webb (1998), KM is the process of identification, optimization and active management of intellectual assets to create value, increase productivity and gain and sustain competitive advantage. Meanwhile, Murray (1998) said KM is a strategy that turns an organization’s intellectual assets and the talents of its members to produce new productivity, value and increase competitiveness. Therefore, we can conclude that KM is a discipline, designed to provide strategy, process, and technology to increase organizational learning. A part from that, strategy is the major plan to be undertaken and allocating resources to organization (Cannon, 1968). Aaker (1984) also suggested that, organization needs to assign people or a group of people to seize the responsibility for analysing new issues, such as KM and developing responsive strategies. This is due to the fact that KM is gradually turning into a major resource center for the organizations. The basic factors provide the changes for competition...
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...Assignment 4.2/International Business 10/20/13 National American University Heather Morris The impact of globalization on labor markets has re-emerged as an important policy issue, reflecting the broader public debate about the interrelated concerns of downward pressure on wages, increased job insecurity, and jobs moving from OECD countries to developing countries with lower wages. Two relatively recent phenomena are at play here. One is the accelerating participation in world trade of many developing and transition countries, particularly the large, vastly populated economies of China and India. These countries’ increased trade and foreign direct investment have, according to some estimates, contributed to a fourfold rise in the effective global labor force over the past two decades. The second phenomenon is that the nature of globalization is changing. Technological advances, and particularly sharp reductions in communication and coordination costs, have allowed the emergence of global supply chains that are increasingly fragmented geographically. To feed these supply chains, international trade is Increasingly in intermediate inputs rather than in final goods and services or commodities. Moreover, often these intermediate inputs are business services that were previously nontradable but are now, with technological advances, tradable. This type of international trade, whether in services or other intermediate inputs, is referred to as offshoring. Here...
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...Management and Strategic Competitiveness 1 Assignment 1: Strategic Management and Strategic Competitiveness Cherise Bacon Dr. Williams BUS 499 - Business Administration Capstone April 16, 2014 Assignment 1: Strategic Management and Strategic Competitiveness 2 Coca Cola declares that their company serves as the standard against which we weigh our actions and decisions. * To refresh the world * To inspire moments of optimism and happiness * To increase value and make a difference Coca Cola vision serves as the framework for our roadmap and guides every aspect of their business by describing what the need to accomplish in order to continue achieving sustainable, quality growth. People: Be a great place to work where people are inspired to be the best they can be. Portfolio: Bring to the world a portfolio of quality beverage brands the antipate and satisfy people’s desires and needs. Partners: Nurture a winning network of customers and suppliers together to create mutual, enduring value. Planet: Be a responsible citizen that makes a difference by helping build and support sustainable communities. Profit: Maximize long-term return to share owners while being mindful of their overall responsibilities. Productivity: Be highly effective, lean and fast organization. (By Coca-Cola company). Assignment 1: Strategic Management and Strategic Competitiveness 3 Organizing resources...
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...Universiti Kebangsaan Malaysia Graduate School of Business COURSE NAME: STRATEGY AND COMPETITIVENSS (SEMESTER 2014/2015) COURSE CODE: ZCZB6523 (SET 5) CREDIT: 3 HOURS TRIMESTER: 7th FEB 2015 The course starts on 7th February 2015. The first class will be a full lecture session. The subsequent classes will require groups (of two students) to make their respective presentations on their selected company. Most classes are on Saturdays from 8.30 -11.30 am 1.0 COURSE OBJECTIVES and LEARNING OUCOMES: This course focuses on some of the important elements of strategic management. It will concentrate on strategy development and competitive advantage. It is consciously designed to highlight the significant emerging trends in strategic management. The course provides students with a practical approach to the formulation and implementation of corporate, business, and functional strategies. The course is also meant to give graduate students the skill to derive strategies rationally for the organizations that they are currently working for or have chosen for their analysis. There are no strategic decisions that are perfect under the current turbulent business environment. Therefore, a rational approach to strategic decision-making is deemed most appropriate. However, the strategy developed may not survive in its original form upon execution. Accordingly, these strategies have to be adjusted to meet the current challenges. Emergent strategies that were unplanned...
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...Introduction We are said to live in a new economy. According to Tapscott (1996), the new economy is also a knowledge economy based on the application of human know-how to everything we produce and how we produce it. He also said that more and more of the economy’s added value will be created by brain rather than by brawn. So, what is value added anyway? In his book, Stewart (1997) mentioned that value added in statistician-speak is the difference between the cost of materials and supplies and the price received for finished goods. In a simple word, the value added is the extra value we add into product or services that increase the overall value of it. Then, we have come to the question of how we add the value to our product and services? According to Stewart (1997), again, knowledge has become the primary ingredient of what we make, do, buy and sell. As a result, he said, managing it has become the most important economic task of individuals, businesses and nations. So, it is clear that involvement of this subject matter in micro level up to the macro level is very crucial. The Summaries From article of Expert: Innovation propels changes in world economy by Suraj Raj, Kathleen Kingscott, director for worldwide innovation policy at International Business Machines Corp (IBM), believes innovation is propelling changes in world economy. Like she said, “Innovation is the intersection of invention and insight to create a new value by putting inventions to use”....
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...UNIT 1 i Overview of strategic management Unit 1 BMG 303/05 Strategic Management Overview of Strategic Management ii WAWASAN OPEN UNIVERSITY BMG 303/05 Strategic Management COURSE TEAM Course Team Coordinator: Dr. Chuah Poh Lean Content Writer: Dr. Hasliza Abdul Halim Instructional Designer: Mr. Khoo Chiew Keen Academic Member: Ms Lum Li Sean COURSE COORDINATOR Ms. Loo Saw Khuan EXTERNAL COURSE ASSESSOR Associate Professor Dr. Haji Hamzah Dato Abdul Rahman, Universiti Utara Malaysia. PRODUCTION Editor: Pelangi Sdn. Bhd. In-house Editor: Mr. Khoo Chiew Keen Graphic Designer: Deam Enterprise Wawasan Open University is Malaysia’s first private not-for-profit tertiary institution dedicated to adult learners. It is funded by the Wawasan Education Foundation, a tax-exempt entity established by the Malaysian People’s Movement Party (Gerakan) and supported by the Yeap Chor Ee Charitable and Endowment Trusts, other charities, corporations, members of the public and occasional grants from the Government of Malaysia. The course material development of the university is funded by Yeap Chor Ee Charitable and Endowment Trusts. © 2013 Wawasan Open University All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from WOU. Wawasan Open University (KPT/JPT/DFT/US/P01) ...
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...MGT411 Abu Dhabi Vision 2030 Table of Content: Table of Content: 2 Executive Summary 2 The history of the company over time 4 A general overview of the whole company and selected project 5 Apply the Project Management characteristics 8 Project Definition 16 Project Time and Costs Estimation 20 Project Plan Development 21 Risk Management 22 Resources Scheduling 23 Project Audit and Closure 24 Conclusion 27 References 28 Executive Summary Abu Dhabi Council established the vision of 2030 for the development of the capital. They have formulated complete strategies to ensure the establishment of a whole new structure that will meet the UAE nationals and the expatriate’s expectations. Their vision is to optimize the whole government strategies and utilize advanced technologies to smooth the operation, and by developing a stronger government, they’ll continue with the infrastructure, economic, social growth, and the environmental sustainability. To build a strong economic growth, Abu Dhabi should build based on the strong legacy of past in order to grow a stronger economy in the future. Therefore, the government observers the social development of Abu Dhabi to make sure that most of the individuals from both gender are entering schools and universities to participate in the economy and to be part of the social progress, it is one of the ways to have a competitive advantage by using economical opportunities’ part and adding new features and...
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...Strategic Management and Strategic Competitiveness Name Professor BUS 499 Business Administration- Capstone Strayer University- Maitland Campus April 13, 2014 Abstract The purpose of the paper is to research and understand how the changes of globalization and technology have impacted the Airline industry. This paper will also apply the industrial organization model and the resource-based model to determine how the Airline industry earn above-average returns. This paper will explain how the Airline industry’s success is through its mission and vision statements with Southwest Airlines as an example. Finally, this paper will evaluate how the importance each category of the stakeholder impacts are to the overall success of the Airline industry. Globalization and Technology In today’s business industry, the globalization process has become an important aspect and fundamental force. The elements that contribute to globalization is the environment, culture, regulation and technology and production. While the advancements globalization has increased greatly, so has the advancements in airline industry with their aircraft (Shevell, 1999). Globalization also provides a great amount of potential profits to nations and their corporations (Button, 2008). Air transportation has evolved into a major industry (Kroo, 1999). The airline industry’s continuously grows and is facilitated through its international investment...
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...fact that the workers have been laid off for a few years created an environment that provided the workers with a sense of security, purpose and respect. The new plant also had a much flatter hierarchy and empowered all workers to do a good job. * Labor practices and management philosophy NUMMI preached and embodied team work and this was vastly different from the old GM plant which had an adversarial culture – workers against management. The new management believed in the vision of NUMMI and walked the talk. They trusted and respected the workers. They encouraged intrinsic motivations of the workers and tried to integrate thinking and acting at all levels and not just top managers. This created an egalitarian organization and also created camaraderie amongst the staff that had never existed in the previous plant. Management, workers, suppliers and customers are all interconnected and NUMMI recognized this. By working closely, the company was able to eliminate waste, improve quality and overall competitiveness. NUMMI meets Senge’s fundamental leadership challenges of building shared vision through encouraging personal vision. The workers of NUMMI believed in what the company stood for and was trying to achieve. Some of the workers even considered themselves as ‘religious zealots’ which is evidence of their shared vision. They embraced ‘kaizen’ – continuous improvement which is in sync with visioning as an ongoing process and system thinking. The workers were proud of what...
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...Introduction A functional financial sector is essential for economic development. Importantly, a strong financial sector, however, relies not only on the sound organized infrastructure, but also on the ability of its human resources. Human resources are critical in the development of the financial sector. Investments in human capital are influential in shaping the financial services industry where knowledge, skill, competencies and capabilities have become key strategic drivers of productivity, competitiveness and growth (BNM Financial Sector Development, 2015). With globalization, the need for capacity building in any country’s financial sectors becomes even more critical to ensure that experts within the industry will be able to keep up with the new changes brought about by the implementation of the international financial standards, such as IFRIS. In the next decade, there are likely to be many changes in the type of skills needed by the financial services industry. New roles will be created, and existing positions modified. As such, it is crucial that the financial services sector continuously improve the quality of its human resources and ensure an adequate supply of qualified human capital for future growth (Namibian Financial sector charter, 2009). 1.1 Background of the Study...
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