...Strategic Management And Leadership Name: Course: Lecturer: Date: Strategic Management And Leadership Question 1 It has been said that being the best in any field is not a daunting fete, the real measure of success lies in remaining at the top. The BMW group has confirmed its position as a great company by being the leading premium manufacturer the world over in the automobile industry. This fete is attested by having record sales and marginal profits that surpass €4 billion. This success has been attributed to the implementation of strong strategic capabilities that have led to competitive advantage combined with an effective innovation strategy (Lauterborn, 1990). An innovation strategy that proved to be of value dates back to the year 2000 when the company came up with future segments to be included in the future designs of the company’s product lines. In the accordance with this redesign, the motor vehicles were to the forecasted changed in terms consumer tastes fashion, behavior and preferences. These were realized after a commissioned consumer research. This product initiative enabled the company to focus on the market segments where the company needed to concentrate in the future (Proctor, 2000). With the presence of market dynamism in terms of tastes, there arises a differentiated market with more focused segments. This means that any company keen on developing its market share has to take a strategic risk with as much market information as possible...
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...TABLE OF CONTENT 1.0 Introduction 2 2.0 Measurement of Success 2 3.0 Reasons Behind FedEx Corporation’s Success 4 3.1 Excellent and Leading Service Quality 4 3.2 Effective Employee Management 4 3.3 Intended Acquisition Strategy 5 3.4 Sustained Innovation 5 3.5 Global Reach and Further Expansion 5 3.6 Pursuance of International Market Dominance 5 4.0 Justification of FedEx Corp. Success 6 4.1 Value Chain Framework 6 4.1.1 Support Activities 6 4.1.2 Primary Activities 7 4.2 VRIN Framework 7 4.2.1 Value 7 4.2.2 Rarity 8 4.2.3 Inimitability 8 4.2.4 Non – Substitutability 9 4.3 International Strategy 9 5.0 Contribution of Leadership 11 5.1 Traits Theory of Leadership 11 5.2 4E’s of Leadership 11 5.1.1 Envision 11 5.1.2 Enable 12 5.1.3 Empower 12 5.1.4 Energise 12 6.0 Challenge for Future Success 13 6.1 Intense Competition 13 Reference List 14 LIST OF FIGURES Figure 2.1: Annual Financials of FedEx Corp…….……………………………………………………………………2 Figure 2.2: FedEx Market Share…………………………………………………………………………………………….3 Figure 2.3: Air Freight & Logistics Market Growth…………………………………………………………………3 Figure 2.4: Customer Satisfaction Benchmark……………………………………………………………………….4 Figure 4.1: Porter's Value Chain Framework………………………………………………………………………….6 Figure 4.1.2: FedEx Primary Activities……………………………………………………………………………………7 1.0 Introduction According to Amsler et al (2010), the market of shipping and transport logistics has become a leading...
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...Questions: 1. How did Chery Motor Co. device a strategic quality change process to improve the organizational performance to compete with the leading global competitors? Evaluate the implication of the change process and design systems to monitor the implementation. (AC 3.1, 3.3 & 3.4). Answer: Chery Motor Co. started off quite small and had licensing issues to sell automobiles outside of their province. In order to compete with global competitors they had to build: i. A strong domestic market for which they required retail license. They achieved this by allowing purchase of 20% ownership by Shanghai Automotive Industry Association in 2001, which allowed the small firm to utilize the SAIC retail license. Their first car export was to Syria in 2001. ii. Once they went international they invested in founding a research institute to improve the production quality, technology, and performance. It has two domestic R&D centers and invests around 7% of its total revenues in product development. They also hired a number of Japanese automotive consultants to assist the auto company in achieving the six sigma/ lean process standard to their Japanese/Western competitors. Not only did this improve their production processes but Chery was also granted ISO/TS 16949:2002 production qualities by 2005, the strictest international production quality certification available. This brought the company in conformance with the international standards of safety, reliability, and serviceability...
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...relationship between strategic management and leadership Q: Explain how has leadership been used to support such strategy and develop an organizational culture that could accept and how the link worked between strategic management and the leadership? 1.1 (Criteria 1.1 Explain the link between strategic management and leadership) To discuss the relation between the strategic management and leadership we must have understanding what is the meaning of these two terms. Strategic Management and Leadership are interconnected with each other; if we understand the concept of said terms it is easy to explain the whole process in a good manner. Strategic Management: This phrase can be defined as “Strategic management is the process of managing the pursuit of organizational mission while managing the relationship of the organization to its environment” (James M. Higgins). “Strategic management is defined as the set of decisions and actions resulting in the formulation and implementation of strategies designed to achieve the objectives of the organization.” (John A. Pearce II and Richard B. Robinson, Jr.). “Strategic management is the process of examining both present and future environments, formulating the organization's objectives, and making, implementing, and controlling decisions focused on achieving these objectives in the present and future environments” (Garry D. Smith, Danny R. Arnold, Bobby G. Bizzell). “Strategic management is a continuous...
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...between strategic management and leadership In this assignment it's going to be discussed about the strategic management and leadership. It will be analyzed the relationship between the strategic management and leadership. The organization which will use to describe the link between strategic management and leadership is TESCO and it will discuss about the impact of strategic management and leadership on the organization and how they work. LINK BETWEEN STRATEGIC MANAGEMENT AND LEADERSHIP: Strategic management: According to Neil Ritson "Strategic management is the organised development of the resources of the functional areas which are financial , manufacturing , marketing , technological , manpower etc, in the pursuit of its objective it is the use of all the entity resources, It is a set of policies adopted by senior management, which guides the scope and direction of the entity. It takes into account the environment in which the company operates". (Neil Riston, 2008) Desired objective Strategy Development of resources rereresources So simply strategic management works in the organization according to their mission statement and find methods to achieve certain goals through the proper utilization of their resources. LEADERSHIP: In Audrina words a leadership is when you guide the organization into a result that your group has agreed upon. You and the rest of the team have a defined understanding to determine the ability and to articulate visions and goals. Leadership is...
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...how and why management and leadership approaches lead organizations to develop and implement successful strategies in different economic conditions while other organizations are unable or unwilling to adapt their strategies. Section 1: | Discuss and explain the link between strategic management and leadership in Nissan/ | | | In order to discuss and explain the link between strategic management and leadership we need first to explain the definition of strategic management and Leadership, then show how there is a link between them. What is management? Management is the science of getting things done through other people generally by organizing and directing the activities on the job and to use available resources in an effective and efficient way to achieve the organization objectives. This is a general definition of management but there are different functions and levels of management, each function defined differently according to the level of management (operational manager, tactical managers, strategic managers, etc.). For examples: Operational management refers to the administration of business practices to create the high level of efficiency in achieving the organization goals. Tactical management refers to the process of selecting the appropriate ways to achieve the strategic plan in other meaning it allows manager to choose the best method depends of the situation rather than following a particular or a standard procedure Strategic management is the set...
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... 13 Introduction Leadership and strategic Management have been the most debatable topic in the recent time. Many people have defined argued about Leadership styles and Management. They researched and wrote many books about them and no one reached the common style. the styles depend on the situation present at the time. To be a good leader or a Manager a person has to act wisely in different situations. Strategic Management also an important thing in decision making process. A Leader or a Manager should be able to cope with the future needs of an organization and should keep in mind in the impact of certain strategies on his company in long term. Strategic Management Strategy is described as the way of achieving our objectives. Defining strategy means that you are actually defining a road map for achieving your Goals. Strategic management is the process of establishment and maintaining good strategies. A leader is defined as someone who has the capacity to create a compelling vision, and to translate it into action and sustain it.(Bennis, 1989) There are significant differences between ordinary management and leadership, although functionally they can be combined in the same individual.(John Kotter, 1990) “In business, we see an evolution of the concept of leadership. For decades, the term leadership referred to the people who hold top management positions and the functions they serve. In our common usage, it...
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...established financial institution. Seylan soon became a well known brand in the industry with rapid growth and paying the highest interest returns to depositors. As per the company’s ‘The Case Study’ (2009) report, in its first partial year of operations, Seylan reported an after tax profit of Rs. 11.3 Million ending at 31st December 1988. Over the next 17 years, the Bank grew at an unprecedented pace, with assets totaling Rs. 113.6 Billion by the end of 2005. Profits in the same period fluctuated to some degree but followed the same overall rapid trajectory, reaching Rs. 687 Million (after taxes) in the 2005 financial year. Signs of mismanagement: Sri Lanka’s banking industry was already competitive when Seylan bank came to being. The then management was over-ambitious and had a...
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...Assignment Brief BTEC Level 7 Extended Diploma in Strategic Management and Leadership |Learner Name: |Learner Registration Number: | |Unit Number: Unit 12 – Strategic Planning |Unit Number/Code: H/602/2330 | |Credit Value: 15 credits |Guided Learning Hours: 45 | |Assessor/Tutor: Altaf Khoso |Internal Verifier: | |Assignment QA Approval Date: 13th September 2011 |Date Issued to Learner: | | | |Draft Submission Date: 16/08/2013 | |Final Submission Date: 16/08/2013 | | ...
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...The Board of Directors for ABC Complete Kitchens, Inc. has one more requirement for you before they are ready to turn operations over to the executive team. The board members would like your input regarding leadership of the new plant and the strategic environment in which the plant will operate. They have requested that you prepare a detailed description and discussion of the strategic environment, internally and externally, that will help formulate an overall strategic plan for the new manufacturing plant. For this assignment, your requirement is to research and create a presentation that describes and discusses the strategic environment of the new manufacturing plant using a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis process. Your analysis should consider not just the new start-up plant, but also the manufacturing industry as a whole. Be sure to include citations for quotations and paraphrases with references in APA format and style. Make sure your presentation follows good PowerPoint design principles (e.g., readable font, uses one template, one-inch borders around the slides) and contains transitions, builds, and animation when appropriate. The last slide(s) in the presentation should be the list of references you used for the assignment in APA format. For this assignment, you do not need to use outside resources and references for the PowerPoint presentation. All the information you need for this assignment is included within the custom-published...
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...22716C Developing Strategic Management and Leadership Skills Unit code: F/602/2058 QCF Level 7: BTEC Professional Credit value: 10 Guided learning hours: 30 Unit aim This unit provides the learner with an understanding of the links between strategic management, leadership and organisational direction, and the skills to be able to apply this understanding. Unit introduction The main aim of this unit is to investigate how current thinking on leadership influences an organisation’s planning to meet current and future leadership requirements. Learners will gain an insight into the current thinking on leadership from an organisational perspective. They will examine the links between strategic management and leadership, particularly the skills a leader needs to support organisational direction. The unit will help learners understand the impact of management and leadership styles on strategic decisions in differing situations, through examining the competences and styles of successful leaders. Applying management and leadership theories and models to specific situations will enable learners to assess their impact on organisational strategy. The unit will draw on a selection of established principles, including the influence of emotional intelligence on leadership effectiveness. This will enable learners to assess how organisations can plan to meet current and future leadership requirements. This unit gives an organisational perspective...
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...Level 7 Diploma in Strategic Management and Leadership (QCF) | Unit 1 Developing Strategic Management and Leadership Skills | Student name | Assessor name | | | Date issued | Completion date | Submitted on | | | | | | Assignment title | Strategic Management and Leadership Report (1 of 1) | ------------------------------------------------- LO | Learning Outcome | AC | In this assessment you will have the opportunity to present evidence that shows you are able to: | Task no. | Evidence(Page no) | 1 | Understand the relationship between strategic management and leadership | 1.1 | Explain the link between strategic management and leadership | 1 | | | | 1.2 | Analyse the impact of management and leadership styles on strategic decisions | 1 | | | | 1.3 | Evaluate how leadership styles can be adapted to different situations | 1 | | 2 | Be able to apply management and leadership theory to support organisational direction | 2.1 | Review the impact that selected theories of management and leadership have on organisational strategy | 1 | | | | 2.2 | Create a leadership strategy that supports organisational direction | 2 | | 3 | Be able to assess leadership requirements | 3.1 | Use appropriate methods to review current leadership requirements | 3 | | | | 3.2 | Plan for the development of future situations requiring leadership | 3 | | 4 | Be able to plan the development of leadership skills | 4.1 | Plan the development of leadership skills for a specific...
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...Reference: 7021V1 Unit Title: Introduction to strategic management and leadership Assessment Type: Assignment Assessment Centre: Distance Learning College and Training Written by: Telephone: Date of issue: Week commencing: XX 2014 Unit Reference: 7021V1 Unit Title: Introduction to strategic management and leadership Assessment Type: Assignment Assessment Centre: Distance Learning College and Training Written by: Telephone: Date of issue: Week commencing: XX 2014 Unit Reference: 7021V1 Unit Title: Introduction to strategic management and leadership Assessment Type: Assignment Assessment Centre: Distance Learning College and Training Written by: Telephone: Date of issue: Week commencing: XX 2014 Unit Reference: 7021V1 Unit Title: Introduction to strategic management and leadership Assessment Type: Assignment Assessment Centre: Distance...
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...| | |3 D MORDEN COLLEGE LONDON | | | |Diploma in Strategic Management and Leadership Level 7 | | | |Unit 1: Developing Strategic Management and Leadership Skills | | | |Assignment : Apply theories of Leadership and Management to an organisation | | | |Tutor: Mr M.T.Islam Date Set: 08 January 2015 | | ...
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...Level 7 Diploma in Strategic Management and Leadership (QCF) Unit 1 Developing Strategic Management and Leadership Skills Student name Assessor name Date issued Completion date Submitted on Assignment title Strategic Management and Leadership Report (1 of 1) LO Learning Outcome AC In this assessment you will have the opportunity to present evidence that shows you are able to: Task no. Evidence (Page no) 1 Understand the relationship between strategic management and leadership 1.1 Explain the link between strategic management and leadership 1 1.2 Analyse the impact of management and leadership styles on strategic decisions 1 1.3 Evaluate how leadership styles can be adapted to different situations 1 2 Be able to apply management and leadership theory to support organisational direction 2.1 Review the impact that selected theories of management and leadership have on organisational strategy 1 2.2 Create a leadership strategy that supports organisational direction 2 3 Be able to assess leadership requirements 3.1 Use appropriate methods to review current leadership requirements 3 3.2 Plan for the development of future situations requiring leadership 3 4 Be able to plan the development of leadership skills 4.1 Plan the development of leadership skills for a specific requirement 3 4.2 Report on the usefulness of methods used to plan the development of leadership skills. 4 Learner...
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