...Harvard College Align employees to the strategy: Four HR processes 1. Create Strategic Awareness Communicate Communicate Communicate 2. Align Personal Goals Personal Scorecard Make Strategy Everyone’s Job 3. Provide Necessary Skills Strategic Job Families Strategic Readiness 4. Align Personal Incentives Variable pay Team based You need a formal process to improve workforce readiness. Strategy should be linked to existing HR programs for performance management. How do we align employees to the strategy? 1. Create Strategic Awareness Communicate Communicate Communicate 2. Align Personal Goals Personal Scorecard Make Strategy Everyone’s Job 3. Provide Necessary Skills Strategic Job Families Strategic Readiness 4. Align Personal Incentives Variable pay Team based Communicate “seven times seven different ways” to make strategy everyone’s job Personal relevance brings the strategy to life Sustained communication uses different channels to get the message across • Leadership meetings • CEO random visits to employees • Dear Colleague Quarterly Letter in Mellon News • Learning lunches & informal discussions • Intranet • Working groups facilitated by HR • Staff briefings Source: Presented by Jack Klinck, Vice Chairman, Mellon Europe at BSCol European Summit, June 2005 4 VW do Brasil CEO demonstrates commitment to using the strategy map and scorecard as his strategy management system Mr. Thomas Schmall...
Words: 3979 - Pages: 16
...Strategy.. Strategy is a worth that get mention a lot in business, but what the strategy is actually? . There isn’t really a definitive answer to what strategy is because everyone has his or her own opinion. However, the best way to look at it is to, what do we need to do to win the market. Strategy is not a set goal or a tactic to win the victory. They are mere strategic threats. A good strategy helps to demonstrate the clear road mapping for the business. Strategy is broader topic it self but if we able the answer these four question it not only helps to plan the good strategy but also make aware by setting boundaries, what shouldn’t do. QUESTIONS WHEERE DO WE COMPETE: we all want to be success in business for which we set a kind of goal. But we should also plan how we going to achieve that goal. There fore it is essential to understand the business market closely. What type market we are going to involve. Industries, product or a geographic market. Understanding of market gives clear answer that allows you to understand the market area and to understand the competitors. WHAT UNIQUE VALUE DO WE BRING: after understanding proper market, every business should involve in creating the unique value in their products so the customer preferred their product rather than competitors. Business exists in competition we can found many substitute of the product in market therefore it is essential to create value in product which is unique than the competitors which may be -cost...
Words: 556 - Pages: 3
...it be a small or a large company, is that it needs capital. The more capital is attracted the more chances you have to build a really great business. Any company needs substantial amount of cash to develop its operations. Commercial banks, investment banks, investment funds, stock issues, debentures and so on are the investor sources that can lend you money. But the most complex question is - how to attract the investment at a low cost? Experience has shown that investors are driven by a few major motives: 1. Financial reward Investors expect to quintuple their money that’s why they prefer to commit to market niches with greater growth potential. In reality they rely on the feeling that a particular entrepreneur is worth investing in. But still, there is a minority, that takes a more professional approach, and they will often have explicit annual return goals in mind. 2. Taking part in the entrepreneurial process Usually investors are those who have already achieved success in their business career. So they like to use time and money available to them to experience the challenges once again. 3. Altruism In some cases investors are keen to pass on their skills to the next generation of entrepreneurs. They hope to promote the spirit of entrepreneurship that can create jobs and promote economic prosperity. There is a range of marketing concepts and theories which involve an approach to identifying the best sources of capital and convincing them in lending their funds. Companies...
Words: 1651 - Pages: 7
...are always wondering about how to invest their surplus cash and make it grow. It is most definitely a wise idea to invest the extra money in the right places rather than letting it go stagnant. Growth fund seems to have proved their credibility as two of the best forms of investments in today's market. Obviously this type of funds provides a lot of benefits to their customers. The primary benefits are that a person can save on the taxes by investing in these instruments, and at the same time, they also stand to get good returns on their investments. Many economic surveys clearly suggest that the mutual funds yield better benefits, and are seen to perform a lot better when compared to the stocks or the bonds. The Keller Fund’s All-Star Growth Fund was a medium closed end investment company with approximately $300 million invested primarily in publicly traded common stocks. Shares in the fund were owned by large number of individual investors and were themselves are traded in a public stock exchange. Due to the large number of investors, like any other companies, Keller Fund aimed to provide the satisfaction of each investor they had. Its objective is to provide long-term capital appreciation but unlike other companies, Keller Fund sought to achieve this objective by investing in a diversified portfolio of common stocks, preferably dominated by high technology stock with above potential growth for revenue and earnings. High technology stocks were innovation driven that...
Words: 1190 - Pages: 5
...OF STUDY PURPOSE * The main agenda of this study is to test the basic oscillators like RSI and OBV is to identify the behavior of these early indicators in various types of market. The agenda of using moving average lag indicators like Bollinger band is to check how well these bands work in giving out trade signals. * The study aims to find out using Bloomberg terminal that whether combination of studies and Risk management help to enhance the performance of the indicators and do they really help to make a more profitable decision. * This study also intends to use some basic fundamental indicators to identify whether they can be used as tool to invest in securities and how well they are able to perform as compared to a benchmark index. The aim is to use a matrix of indicators, so that it can be also assessed whether combination of basic indicators are good enough to make portfolio creation judgment that can lead to market beating portfolio or not. * All the testing has been done using the Bloomberg terminal. LIMITATIONS * There are many lead, hybrid and lag indicators available in the market however not every single one can be tested. * The testing only targets the NSE that is typically Indian market, hence the results may be non-inferential for international markets. * The matrix used in fundamental factor back testing only tests out few combinations and only takes into consideration a few fundamental indicators. Hence it is limited by...
Words: 15371 - Pages: 62
...(a) Why did CSX make a two-tiered offer? What effect does this structure have on the transaction? A two tiered deal was made by CSX because of the heavy regulation Pennsylvania has for mergers and to provide financial considerations for Conrail’s shareholders. Pennsylvania’s Business Corporation Law makes it difficult to perform a first tier tender offer this is why CSX choose to split the offer into two stages. The first stage cash offer of $92.50 per share enables CSX to gain control of Conrail’s stock as shareholders should be willing to trade their ownership for such a significant payout. The remaining shareholders who decide not to give up their shares will only be paid $86.78, calculated from taking the initial stock price of $46.75 multiplied by the exchange ratio of 1.85619. This creates an incentive for shareholders to initially take CSX’s offer to speed up the deal process. This type of two-tier structure has an effect on the transaction. To start, the first tier offer receives only 19.3% which avoids the Pennsylvania one-price-deal and instead allows the process to become a vote. Eventually 35.6% will be owned including the shares owned by management and therefore only 14% more is required to have an opt out approval for the second tier. Finally, by utilizing the second tier offer shareholders are enticed to vote for the opt out provision which ultimately gives the remaining 60% of shareholders a lower value for their share price. (b) What are the economic...
Words: 1036 - Pages: 5
...STRATEGY IMPLEMENTATION Strategy Control Wal-Mart is a company that in essence appears to operate within the realm of the traditional approach to strategic controls. By this I mean the management formulates strategies, sets goals, implements those strategies, and measures them against their predetermined goals. The feedback received comes in many forms, but the most utilized resource is the numbers generated by each store and the forwarded to corporate headquarters through its vast digital network. Wal-Mart operates with a contemporary approach because each of the four characteristics are realized and acted upon almost on a daily basis. It wasn’t always that simple, back before the implementation of computers Wal-Mart used ledgers to track this data. The principle of tracking previous year’s data or forecasting as it is called now was something that Sam Walton instilled in his store managers. Sam Walton would instil responsibility within his department managers and hold them accountable. This approach was not without reward. By allowing his associates and managers to be creative, those same principles or best practices were emulated into other stores. It was this kind of thinking that lead to new strategies and innovations for Wal-Mart. This creative process which was started by Sam Walton was a driving force in the creation of Wal-Mart’s culture. In light of what Sam Walton’s original strategy and where Wal-Mart is today there is a gap that exists between the company and its...
Words: 1582 - Pages: 7
...McDonald's vision McDonald's vision is to become its customers’ favourite place and way to eat and drink McDonald's Missions to grow market share by achieving its three global priorities. 1. Optimising menu: Maintain popular core products and continually introducing new innovative localised products Differentiating its brand, for example, as a beverage destination by growing McCafe Develop healthy and balanced meal options to enhance its food image and to satisfy customers’ needs 2. Modernising our customer experience: Achieving operational excellence through technological innovation Reimaging shop look by remodelling restaurants with new designs 3. Broadening accessibility: Making it more available in the term of price, location and operation hours. To strengthening brand recognition by going over economic performance and pursuing commitment to sustainable business practices of all aspects of business and community Be the best employer for our people in each community around the world * Deliver operational excellence to our customers...
Words: 2650 - Pages: 11
...Financial Statement Ratios Activity ratios: Indicate efficiency and effectiveness of operations and asset management Asset Turnover: Sales Average Total assets Inventory Turnover: COGS Average Inventory Days in inventory: 365 Inventory turnover Accounts Receivable turnover: Credit sales Average accounts receivable Days in Receivables: 365 A/R Turnover Accounts payable turnover: Credit purchases Average Accounts payable Days in payables: 365 A/P turnover Operating cycle: Days in inventory + Days in A/R – Days in A/P Liquidity ratios: Indicate ability of the firm to meet short-term obligations Working Capital: Current Assets – Current Liabilities Current Ratio: Current Assets Current Liabilities Quick Ratio: Cash + Receivables + S/T Investments Current Liabilities Defensive Interval Ratio: Cash + S/T investments + A/R (COGS + SG&A + R&D)/365 This ratio provides a measure of a firm’s ability to operate using its available cash and near cash assets. This will give you the number of days the firm can operate with available quick assets. Solvency ratios: Indicate the ability of the firm to meet long-term obligations Debt to assets ratio: Total Liabilities Total Assets L/T Debt to assets ratio: L/T Debt Total assets Debt to equity: Total Liabilities Total equity You also can use S/T debt + L/T debt in the numerator ...
Words: 770 - Pages: 4
...in the case of stock markets are they moving away from their purpose of being efficient allocators of capital towards being simply another form of casino? Technology has made stock markets seem like gambling in a casino. However, there are differences between gambling and speculation. Risk and returns - Casino: high degree of risk involved, returns are basically based on guessing and lucky. - Stock market: Speculation involve the process of measuring risks involved to gain returns based on investor’ various analysis techniques and valuation methods. They are relatively in more advantaged position rather than inexperienced counterparts (gamblers) since they have more information and therefore able to gain more return from taking reasonable risk. - Also, investment is different from gambling regarding the possible results. Gambling is considered as ‘zero-sum-game’ since the gain of one party is balanced by loss of the other parties. In contrast, stock market is ‘positive-sum-game’ since every parties could possibly win. Strategies used: - Stock market: investors have different strategies, investment horizon (short-term vs long-term); different goals (dividends, capital position). - Casino: those are not in the case of casino. Monitoring: - Stock market is highly regulated and have to comply with various regulatory requirements (Corporate Acts, ASIC) # not in gambling. Technology has brought various benefits to the financial markets without abandoning its...
Words: 290 - Pages: 2
...strategy+business ISSUE 61 WINTER 2010 The Right to Win Business strategy is at an evolutionary crossroads. It’s time to resolve the long-standing tension between the inherent identity of your organization and the fleeting nature of your competitive advantage. REPRINT 10407 BY CESARE MAINARDI WITH ART KLEINER features strategy & competition 1 toWIN It’s 8 A.M. in the executive conference room of a TheRIGHT by Cesare Mainardi with Art Kleiner Business strategy is at an evolutionary crossroads. It’s time to resolve the longstanding tension between the inherent identity of your organization and the fleeting nature of your competitive advantage. 2 features strategy & competition large global packaged-foods manufacturer (a real company, its name withheld to preserve confidentiality). For the past two months, a team made up of 15 senior people has been exploring options for growth, winnowing them down to three basic strategies. Each is now summed up in a crisp 20-minute presentation. The first option focuses on innovation. The company would rapidly develop and launch many new types of snacks and foods, packaged in new and interesting ways, offering leading-edge nutrition and convenience. Under the second option, the company would get closer to its customers, producing the food people ask for. It could incorporate ideas gathered online into its offerings and provide busy working families with customizable, convenient, and well-balanced meals. The...
Words: 6513 - Pages: 27
...2012 STRATEGIC MANAGEMENT TERM PAPER ALOK KEJARIWAL 1PI11MBA13 INTRODUCTION Industry Biotechnology Founded 1978 Founder(s) Kiran Mazumdar-Shaw Headquarters Bangalore, India Biocon Limited (BSE: 532523) is a global biopharmaceutical company with products and research services ranging from pre-clinical to clinical development through to commercialization.[ref 1] Within biopharmaceuticals, the Company manufactures generic active pharmaceutical ingredients (APIs) like Statins and Immunosuppressants that are sold in the developed markets of the United States and Europe. It also manufactures biosimilar Insulins, which are sold in India as branded formulations and in both bulk and formulation forms. Located with R & D in Bangalore and API unit in Hyderabad, India, Biocon has two subsidiaries— Syngene, a custom research organization, and Clinigene, a clinical research organization. Biocon’s presence straddles four main therapeutic areas—Diabetology, Cardiology, Nephrology and Oncology. History Biocon is a fully integrated healthcare company that delivers innovative biopharmaceutical solutions. November 29, 1978 Biocon India is incorporated as a joint venture between Biocon Biochemicals Ltd. of Ireland and an Indian entrepreneur, Kiran Mazumdar-Shaw. 1979—Becomes the first Indian company to manufacture and export enzymes to USA and Europe. 1989—Unilever plc. acquires Biocon Biochemicals Ltd. in Ireland and merges it with...
Words: 4668 - Pages: 19
...as with subordinated debt (Government), Disney had significant requirements for the financing portion of the remaining needed amount. Disney was looking to receive bank financing for this new entity of HKD 2.3bn as a Delay Draw Term Loan (“DDTL”) plus HKD 1.0bn working capital line (“Revolving Credit Facility” or “RCL”). While they had learned from their most recent experience with Disneyland in Paris not to have a too aggressive capital structure in place, they nevertheless demanded significant flexibility with regard to the following terms and conditions: - 15 year tenor - delayed amortization structure which would start as late as 3 years after the opening of the park, i.e. 8 years after closing of the loan and 6 years after funding of the loan - allowed CAPEX for further expansion (instead of using FCF for amortization) - full underwriting of the deal by up to 3 Lead Arrangers - no subordination of management and royalties - main collateral for the deal (land) would only become gradually available as the government first needed to reclaim the land Not only did Disney remain conservative with regard to the overall capital structure (see Exhibit 5 in case) but they also chose to access the markets in 2000 in order to ensure access to funds at attractive pricing despite having to pay commitment fees during the first two years when the DDTL...
Words: 1708 - Pages: 7
...backward and forward linkages between automotive industry and other industries because of technical and structural properties of that. Thus development of Iranian economy is closely related to the competitive advantage of Iranian automotive industry. This paper tried to develop a primary forecast of industry future equilibrium and trends under the condition of nongovernment protection based on chaotic learning in game strategies. Forecasting possible equilibrium lead us to improve strategic behavior and establishing the win-win situation. Despite the adoption of some network strategies in Iranian automotive industry, there is still a single nature and because of activity in low – risk with middle income, this industry does not have the ability to compete in highly competitive markets. More investment on the national car with quite unique coordinates and quality and prepare the low risk financial resources are the needs of the industry in the global economy. Introduction It is essential to do futurology studies in order to evade passivity and choosing appropriate strategies for having the proper position. Iran's automotive industry is one of the countries industrial development strategic choices. Hence an analysis of automotive industry and its presence in the world economy was offered from the viewpoint of play theory. It is supposed that changing methods of production and stockpiling as chaotic...
Words: 3101 - Pages: 13
...MMPBL/530 Human Capital Concepts Worksheet Assignment Week 1 The first week’s assignment focuses on creating a worksheet you can use in planning to gain knowledge about key course concepts and to recognize application of those concepts in the real world. The assignment has three purposes: (A) identify at least five key theoretical concepts from this week’s readings, (B) relate each key concept to its application in an organizational setting, and (C) communicate well-researched information clearly, concisely, and in an organized manner. Read the InterClean, Inc. scenario to identify examples of five or more key course concepts. Remember that the mind map is a source of these concepts. Then, read the assigned text materials to develop knowledge about the concepts. You may also wish to research these concepts through database searches in the University Library. This additional research will help expand your understanding of the text materials. By completing the worksheet following the title page, you can begin to develop your research and written communication skills. The example below is from the MBA/500 course using the USAuto scenario. This example can be useful to understanding the assignment’s requirements. Please note that in describing the application of the concept, the worksheet should not contain simple one-word or even one-sentence answers; it should adequately demonstrate, in short paragraphs, careful study of the situations presented in the scenario...
Words: 1312 - Pages: 6
