...Proactive Stance •They focus on executing shaping strategy and using technology changes to create new business ecosystems Example : Google’s Ad Sense WHAT IS A SHAPING STRATEGY? • A shaping strategy is no less than an effort to broadly redefine the terms of competition for a market sector through a positive, galvanizing message that promises benefits to all who adopt the new terms • Example: Bill Gates in early 1980s. (mainframes to desktop machines). • Strategies can be of two forms: – – Disruptive innovation Mergers & Acquisition driven DISRUPTIVE INNOVATION • In simple terms disruptive innovation helps – create a new market – goes on to disrupt an existing market – displaces an earlier technology • Innovations that improve a product or service in ways that the market does not expect, by designing for a different set of consumers in the new market and later by lowering prices in the existing market. – Example: Dell and Southwest Airlines DIGITAL INFRASTRUCTURE • Unlike the other technical (disruptive) innovations like steam engine, electricity which stabilized after businesses harnessed their potential, digital infrastructure is constantly improving • New powerful enabling infrastructure. • Provides potential for small actions and investments to make an impact disproportionate to their size. • Favors new entrants over incumbents RETHINKING THE SUBSTANCE OF STRATEGY • Convention wisdom holds adaptation as the best strategy in case of absence of equilibrium • Success...
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...Your Strategy Needs a Strategy The internet software industry would be a nightmare for an oil industry strategist. Innovations and new companies pop up frequently, seemingly out of nowhere, and the pace at which companies can build—or lose—volume and market share is head spinning. Still, the survey found, in practice many rely instead on approaches that are better suited to predictable, stable environments, even when their own environments are known to be highly volatile or mutable. Here we present a simple framework that divides strategy planning into four styles according to how predictable your environment is and how much power you have to change it. Using this framework, corporate leaders can match their strategic style to the particular conditions of their industry, business function, or geographic market. How you set your strategy constrains the kind of strategy you develop. With a clear understanding of the strategic styles available and the conditions under which each is appropriate, more companies can do what we have found that the most successful are already doing—deploying their unique capabilities and resources to better capture the opportunities available to them Finding the Right Strategic Style Your choice of strategic style should begin there as well. Although many industry factors will play into the strategy you actually formulate, you can narrow down your options by considering just two critical factors: predictability (How far into the future and how accurately...
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...“Strategy articulates the firm’s preferred environment and the type of organisations it is striving to become.” – Hiroyuki Itami. Discuss why an understanding of strategy and strategic management is fundamental to an organisations success. There is no one specific and definitive meaning to the word strategy. You would generally consider strategy to be the process involved in setting goals and objectives and then, ultimately the way's of achieving these goals through the designated and limited resources. Strategy describes how a firm will achieve their goals using the necessary resources. The firms Strategy will generally be established by the leaders in an organisation. Strategy can be intentional or emergent. Mc Keown argued that strategy is about shaping the future. Mintzberg thinks its a pattern in a stream of decisions. They both think strategy is a very important part of any firm and what the firm is striving to be. The key steps in planning a strategy is usually coordinated by the top management. This involve Mintzberg's 5 P's for strategy: The consist of…. A plan, A pattern, A position, A prospective, A ploy. Plan, Strategy is a plan, usually an intended course of action, a way to deal with a situation. By this definition, strategies have two essential characteristics, they are made in advance of the actions to which they apply, and they are developed consciously and purposefully. Ploy Like plan, a strategy can be a ploy too, its really just a specific manoeuvre...
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...MondeoSun poisoning. A B Irony is when you are saying something, really od which you would never mean, and which you clearly don’t mean. Exaggerating so much, and using another tone, so everybody understands that you don’t mean what you are saying. C modern society is ideal – with perfect. D – it fits fine – she is sun poisoned in the ending. Language style. Informal language. -Direct speech. - Spoken Language. - The use of the Pronounce “you”’ involves the reader in a unique way. Figurative language. -Creating pictures. To make specific points or exaggerate a point. An ironic tone. - Distance the narrator from a situation. - A way to exaggerate a point. - A way to criticize a development – an attitude – a part of society etc. PLOT * The perfect holiday. * Ruined! * All the way though the holiday, she is pessimistic because she knows that the holiday won’t be perfect. * The narrator cannot live up to expectations stated by society. * The perfect female body. * A female impersonator. (wannabe ideal woman.) * Bad food at the hotel. * Bad food on the plane. * No palms. * Irritating musicians. * No shadow. (Sun poisoning.) * Brochures don’t keep their promises – it won’t be paradise – it won’t be perfect. * No romantic dinners og talks with boyfriend. * Sun poisoned. All these points’ together results a ruined holiday! ...
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...Abstract This paper discusses what arrangementsa firm should take to be more competitive in the federal acquisition market. Market research is the continuous process of scientifically gathering, recording, and examining data about customers, competitors, and market conditions, to support organizations make superior business decisions about the improvement and marketing of new or prevailing products and services.Market research data can be used to figure the acquisition strategy, to decide the type and content of the product explanation or statement of work, to improve the support strategy, the terms and conditions encompassed in the contract, and the assessment factors used for source selection. Market research is important to boost the possible use of commercial items and services, and non-developmental items to meet organization needs.Market research, done initial in the acquisition process, also provides information about commercial observes that you can use to form the acquisition strategy, support and check plans, product description, evaluation factors, and much more.Market research has two stages: market surveillance and market investigation. Market surveillance is acontinuing process and includes all the activities that acquisition staffs perform continuously to keep themselves up-to-date of technology and product developments in their areas of proficiency and capability. Market investigation, which involves more broad research, is directed in response to a definite...
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...Strategic Business Plan ukessays.com /essays/business/developing-a-strategic-business-plan.php Developing a Strategic Business Plan Either in the start up process or when re-inventing one's business development, the design of a strategic business plan is an indispensable step towards a successful and viable business. Strategic planning involves setting up a sound and multifaceted plan or strategy to follow over a defined time period.It can involve all aspects of the business, or just a small part of it i.e. a selected department such as the marketing department.However, this does not mean that strategic business planning is only for large scale businesses since it can also benefit the small business, especially at start up, when the business sets its first goals and establishes itself in the business landscape. Writing up a business plan is an important step of a starting business, since most lending bodies will not authorize loans in absense of a detailed business plan.Why is it important? Imagine sailing off for a voyage in the sea and not planning for resources or supplies that you might need. Developing a business plan is the only way to determine the allocation needs, personnel, utilities, marketing goals, outreach and all valuable aspects that make your business useful and unique in the sea of business. However, strategic planning is a process employed in any time period in a formal business administration, since it usually comprises of a long range planning process of...
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...Functional strategies mainly focused on the events associated in practical areas of a business that support the anticipated competitive business level strategy and balance each other. These strategies describe the methods selected to be used within the practical areas of a business that’s utilized in the corporate level or business strategy. Functional strategies recognize and organize temporary actions, usually under a year. Structure of functional strategy is normally delegated by the business manager to lower management teams that oversee the operations of the business. Businesses vary in structure as well as the roles and responsibilities of their practice areas, these areas are research and development, marketing, finance, purchasing...
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...Mind map and 2. Smart which stands for specific, measurable, attainable, realistic and time bound . Second, developing the planning premises. The assumptions and conditions must be clearly defined: tools and decision table. Third, reviewing limitations which are: Constraints or limitations Finance Human resources Materials Power Machinery Tools: SWOT Analysis. The most renowned tool for audit and analysis of overall strategic position of the business and its environment. It key purpose is to identify the strategies that will create a firm specific business model that will best align an organization’s resources and capacities. Strategy . The plan of action designed to achieved a specific goal. Then gaining or being prepared to gain a position of advantage over adversaries or best exploiting emerging possibilities. The strategic planning process they include: Mission and objectives, environmental scanning, strategy implementation and evaluation. Environmental scan that includes internal analysis of the firm and analysis of the firm’s industry (task environment). Task environment is the segment of external environment made up of specific outside elements the manager and its organization interfaces in the course of conducting the business. They include: customer & clients, competitors, suppliers, labor supply and government agencies External macro environment (PEST or...
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...Environmental Scan Paper Environmental Scan Paper According to BusinessDictionary.com, “an environmental scan is the vigilant monitoring and evaluation of a firm’s external and internal environments for detecting early signs of opportunities and threats that may influence current and future plans” (BusinessDictionary.com, 2011). In strategic planning, an environmental scan can help an organization increase understanding of the internal and external environmental factors that are required to reach the long-term goals of the company. This paper’s purpose is recognizing and exploring the external and internal situations of two successful organizations, Apple and Coca Cola. Also, to examine the competitive advantages and strategies used by these organizations, as well as sustaining value in an increasingly competitive market through creative strategic business plans. Another area being explored is the measurement guidelines used to substantiate the strategic effectiveness for these organizations and the effectiveness of these measurement guidelines. Internal and External Environments The whole process can be seen as beneficial knowledge for managers wishing to increase the long-term efficiency and develop strategic plans for the business. An organization’s environment can be broken into two separate divisions. First, the internal environment which is generally compiled of the factors or elements directly involved within the company. This would basically include the managers...
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...The Strategy Concept 1: Five Ps For Strategy * Human nature insists on a definition for every concept * Strategic management cannot rely on a single definition of strategy * The word strategy has long been used indirectly in different ways * Clearly recognizing multiple definition of strategy can help practitioners and researches operate through this difficult field * Strategy is defined as 5 things in this article: * Plan * Ploy * Pattern * Position * Perspective Plan * Views strategy as some sort of consciously intended course of action and a guideline to deal with a situation * Under this definition, strategy is made in advance of the actions to which they apply, and they are developed consciously and purposefully * Ducker: Strategy is purposeful action * Moore: Design for action/conception preceding action * In the military: Strategy is concerned with “drafting the plan of war… shaping the individual campaigns and within these, deciding on the individual engagements”. * In management: Strategy is unified, comprehensive, and integrated plan… designed to ensure that the basic objectives of the enterprise are achieved. * In the dictionary: “A plan, method or series of maneuvers or stratagems for obtaining a specific goal or result”. Ploy * As plan, a strategy can be a ploy too, a maneuver intended to outwit an opponent or competitor * For example, a corporation may threaten to expand plant...
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...Journal of Business Strategy THE NESTLE BOYCOTT: IMPLICATIONS FOR STRATEGIC BUSINESS PLANNING Rafael D. Pagan, Jr. Article information: To cite this document: Rafael D. Pagan, Jr., (1986),"THE NESTLE BOYCOTT: IMPLICATIONS FOR STRATEGIC BUSINESS PLANNING", Journal of Business Strategy, Vol. 6 Iss 4 pp. 12 - 18 Permanent link to this document: http://dx.doi.org/10.1108/eb039126 Downloaded on: 10 January 2015, At: 02:12 (PT) References: this document contains references to 0 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 1761 times since 2006* Users who downloaded this article also downloaded: Downloaded by UNIVERSITY OF HUDDERSFIELD At 02:12 10 January 2015 (PT) N. Craig Smith, (1987),"Consumer Boycotts and Consumer Sovereignty", European Journal of Marketing, Vol. 21 Iss 5 pp. 7-19 http://dx.doi.org/10.1108/EUM0000000004694 N. Craig Smith, (1989),"Consumer Boycotts", Management Decision, Vol. 27 Iss 6 pp. - http://dx.doi.org/10.1108/ EUM0000000000050 Edmund S. Muskie, Daniel J. Greenwald, (1986),"THE NESTLE INFANT FORMULA AUDIT COMMISSION AS A MODEL", Journal of Business Strategy, Vol. 6 Iss 4 pp. 19-23 http://dx.doi.org/10.1108/eb039127 Access to this document was granted through an Emerald subscription provided by 422267 [] For Authors If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose...
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...Assignment 1: The Lego Group 1. Explain how the development of strategy at the LEGO Group reflect the key characteristics of strategic management outlined in section 1.2 and in the model in Figure 1.4 First of all, in order to explain the strategic management, the strategy model needs to be taken into account (Figure 1.4). It encompasses three key sections, namely the strategic position, the strategic choices and strategy into action. When talking about the strategic position, four questions have to be asked. Examining the opportunities and threats of the Lego Group's environment led to finding out that the company takes advantage of being a family-owned business which entails clear responsibilities. Furthermore, the Lego Group made use of the constantly growing brand name which gave them the opportunity to enter new markets globally. Additionally, the company undertook immense investments which paid off after a while, as the group tried to keep up the pace technologically and took the chance to offer the most innovative products. However, while experiencing massive competition, the company also had to cope with the rapidly changing environment which ultimately resulted in huge deficits and drawbacks. Threats, such as the oil crisis also contributed to worsening the financial situation of the company. The organisation's strengths can be summed up by mentioning an effective leadership style, acting as a risk taking entity, actively looking for new concepts, continuously...
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...University of Phoenix Material Team Strategy Plan 1. Complete the following table to address the creation of teams at Riordan Manufacturing. Strategy Strengths Weaknesses Abilities Of Members Learning their Skills, Knowledge and abilities help staff better teams These abilities can set limits on what members can do and their effectiveness Personalities of Members With the right meshing personalities a team will thrive. Significantly influences behavior, one bad apple can spoil the bunch. Allocation of Roles Placing the Right people in the correct position for work will ensure productivity. Placing a great employee in the wrong position will lower production and moral. Diversity of Members Diversity creates imagination and thought throughout the team. Too much diversity will drive wedges between employees and can promote turnover. Size of the Team Small teams promote group effectiveness. Cohesiveness and mutual accountability decline, social loafing increases, and more people communicate less. Member Preferences If it is an employee’s choice they will work harder. Individualization will play a role when an employee decides they do not belong in a group. 2. Identify the team formation strategy that is most suitable for Riordan Manufacturing, and provide the rationale for the decision. Your response should be at least 100 words. For Riordan Manufacturing all of the variables that relate to how teams should be staffed will be taken...
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...changes implemented by Knudstorp align with the changes in business strategy? Knudstorp implemented a business scheme in such a way that it has changed the company entire loss history and regained its fame over the time. When Lego was a startup company it was in profits, it Gradually failed to turnout its customers, by implementing his strategic plan, credibly he manufactured almost 90% of products with same components and built the products to attract the customers. It was Successful and it gradually gave a rise in using of the Lego toys all over again. Designers were made to reuse the components in the new products. In this way he cut-shorted the number of products from 13,000 to 7,000. This reduction saved a significant amount to the company. He followed an expression which says “managing at eye level,” meaning his ability to talk to people on the factory floors, to engineers, marketers at home. He emphasized the importance of performance. Knudstorp followed a principle that everyone need to build a mind-set where non-performance is not accepted because there is no place to hide if performance is poor. Lego has introduced computer games with building blocks characters with playing heroes and villains. He introduced theme based building of games. The core theme of Knustorp’s plan is “nourishing a child”. 2. Which of the generic strategies does Lego appear to be using based on this case? Provide support for your...
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...energy efficiency is built with more than two-thousand, three hundred solar panels. The school produces thirty to forty percent more energy than it utilizes. Hoke County is expected to save approximately sixteen million dollars on its energy bill over the next forty-years (NC State University). Discussion It is apparent that creating a strategic plan and implementing goals, allows for a successful organization. Accordingly, a long-range strategic plan is a roadmap to growing organizations, it is to help the company succeed. In addition, an organization’s vision leads to shaping what an organization should resemble as it successfully implements its strategies and accomplishes its full potential (Bryson & Alston, 2011). Included in strategic plan are several key elements, they are: the mission statement, the vision – a description of the organization’s long-term goals and objectives, and the strategies (Bryson & Alston, 2011). According to Bradford, Duncan and Tarcy, (2000), the strategic plan team size is important. It is recommended that there needs to be enough individuals on the team to obtain a variety of perspective but not so many that the process is too strenuous to manage. In addition, team members should include no more that fourteen members. However, there are times when circumstances indicate more or fewer individuals. For example, do not include the wrong individuals or keep the right individual off the team just to contain “the right number of people.” A strategic...
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