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Free research papers and essays on topics related to: strategic management

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  • Strategic Management - 1,987 words
    Strategic Management What is Strategic Management? Strategic planning is a process to provide direction and meaning to day-to-day activities. It examines an organization's values, current status, and environment, and relates those factors to the organization's desired future state, usually expressed in five- to ten-year time periods. The organization may be a program, school, school district, public or private agency, or any other institution that wishes to control its future. If the organization existed in a static environment in which no change was necessary or desired, there would be no need for strategic planning. But, our environment is changing -demographically, economically, and cultu ...
    Related: management, strategic, strategic business, strategic management, strategic plan, strategic planning
  • Block Buster - 1,028 words
    Block Buster BLOCKBUSTER ENTERTAINMENT David P. Cook created the first Blockbuster Video store in October 1985 in Dallas, Texas. Mr. Cook intended to establish video superstores that would respond to the on going trends in the video industry during the 1980's because the number or households buying VCRs was increasing very much and so was the number of film titles. He wanted to create a store that would respond to the customer's needs such as: nice facilities, wide selections of videos, fast service, and convenience. A computer system was developed so that the company was able to track specific demographic data, customer's renting patterns, and the number of times a cassette has been rented, ...
    Related: block, block buster, buster, business world, executive officer
  • Business Reengineering - 3,303 words
    Business Re-Engineering 1. FUNCTIONAL TACTICS Functional tactics are the key, routine activities that must be undertaken in each functional area that is human resource management, marketing, finance, production/operations and research and development to provide the business 's products and services. Hence functional tactics translate thought (grand strategy) into action designed to accomplish specific short- term objectives. Every value chain activity in a company executes functional tactics that support the business's strategy and help accomplish strategic objectives. 1.1 Differences Between Business Strategies and Functional Tactics Functional tactics are different from business or corpor ...
    Related: business managers, business strategies, business strategy, business unit, reengineering
  • Business Reengineering - 3,354 words
    ... categories: Functional Structure Geographic Structure Divisional Structure Strategic Business Units Matrix Organization We will address each one of them. 3.2.1 Functional Structure: Mainly occur in organizations with single or narrow product focus, require well-defined skills and areas of specialization to build competitive advantage in providing their products/services. Dividing work into functional specialties enables personnel to concentrate on only one aspect of the necessary work. This allows use of latest technical skills and develops a high level of efficiency. Functional areas can be divided into engineering, production, human resource, finance and accounting and marketing. ...
    Related: business activities, business knowledge, business planning, business process, business processes, central business, reengineering
  • Changing Job Roles - 3,044 words
    Changing Job Roles Introduction This paper is the result of research into and reflection on the roles carried out by those who are responsible for managing the 'people' function within organisations. Whether these incumbents are called personnel or HR managers is not necessarily important; it is however critical to give recognition to the complexity of the task that faces those who have to take responsibility for this function. This paper raises two inter-related issues. First, in what sorts of activities do personnel managers decide to invest time and energy? Are the old reliables of recruitment, training and employee relations the key tasks of the 1990s or are other issues more important? ...
    Related: management role, global information, private sector, career development, evaluation
  • Corporate Governance - 1,339 words
    ... corporate's to the heavy weights of our society , for developing a purposeful model of governance . Legislative weaknesses The limited liability system initiated by the Companies Acts and other legislation's , laws formulated by the government and other agencies to impose governance have not been as effective as they should have been, which is a matter of common knowledge and need not be gone into. The Companies Act place the ownership of the company solely in the hands of equity shareholders. Holders of preference shares have no rights of intervention unless their dividends are unpaid, investors of loan capital also have limited rights and the directors have unlimited liability and ar ...
    Related: corporate, corporate governance, effective governance, governance, board of directors
  • Critique Of The Limited Inc - 1,025 words
    ... nctional excellence, known collectively as The Center. The Center provides strategic direction and support to the individual businesses and to the enterprise as a whole. By designing key business processes and leveraging best practices throughout the enterprise, The Center adds value to each of its Brands. Some of these functions include: Distribution Services:The purpose of Limited Distribution is to design and implement operations that will provide the retail businesses with the most effective and efficient delivery operations available. Limited Distribution Services will have achieved its objective if each of its customers believes that it has been an asset in helping them achieve the ...
    Related: critique, baby boomers, most effective, business processes, advertising
  • Marketing Strategy And Ecommerce - 2,231 words
    ... s resources, and any apparent opportunities it may be possible to conclude an effective match, and hence, a favourable outcome. (Brown, L. 1997) These four major environmental factors are important for the organisation, and are vital in assessing its strategy in an E-commerce situation. For example a farming supplier whom currently possesses an e-mail ordering system may be thinking about developing a web-site. As they currently already operate basic E-commerce facilities, they may identify this as a strength in their business. Hence, in doing so, their strategic formulation has been based around the fundamental practice of SWOT analysis. These ideals keep with common literature and prac ...
    Related: business strategy, competitive strategy, corporate strategy, ecommerce, marketing, marketing objectives, marketing strategies
  • Portrait Of A Companies Success - 2,857 words
    ... Kellys emphasize team planning. By involving those affected by the plan, they build an organization-wide understanding and commitment to the strategic plan (participants acquire an ownership of it). Strategic planning requires a significant investment of time and energy. As Helmut Jordan who is in the position of the production director said: Kelly's will have to overcome barriers raised by comments such as: a lack of time, things are changing too fast, we're doing OK now, etc. A visible commitment from top leadership is required for effective strategic planning. Strategic Planning Model The strategic planning process is shown by the model below. Note that the arrows indicate a continuo ...
    Related: portrait, customer satisfaction, current status, customer loyalty, entertainment
  • Starbucks Coffee Co - 420 words
    Starbucks Coffee Co Starbucks Coffee Co. changed the concept consumers had about drinking coffee. With more than 1000 outlets across the USA (1997 numbers) and the intention of doubling that over the next 3 years and considering international expansion, the company has transformed a simple beverage into a lifestyle accessory with as much elegance as the latest fashion. The Seattle based chains success over the past 25 years has a lot to do with the quality of the product, which has attracted a loyal and growing following among consumers. The retail strategy has been to put a coffee shop on every corner and to make fresh-brewed coffee by selling only the highest-quality products and charging ...
    Related: coffee, coffee shop, drinking coffee, starbucks, south western
  • Strategic Challenges Of The 21st Century - 3,146 words
    ... tury, every company has to face the global competition. Therefore the knowledge of competition will be biggest challenge for the next century. Now every company has to make global strategy. According to the arguments of Michael Porter about the competitive strategy, he argues, is achieved in one of three ways; through cost leadership, through differentiation or through focus based strategies. He argues that it is important that the organisation is not 'stuck in middle' -that it is following the one of the strategies. Mcnamee and Mchugh's attempt to test out porter's concepts in the clothing industry refers to 'low price' strategies rather than cost leadership. Karnani infers that, for co ...
    Related: biggest challenge, strategic, strategic alliance, strategic management, strategic planning
  • Strategic Planning - 934 words
    Strategic Planning MANAGEMENT ACCOUNTING ESSAY 1998/99 The development of a strategic plan is essential to the achievement of organisational goals. Discuss. The development of a strategic plan is an essential part of strategic management accounting. If carried out to its full credibility the organisation will achieve its goals. It is important to note that the strategic plan is set for long term planning, as much as 3-5 years. It has been established that a strategic plan requires the specification of objectives distinguished between three key elements, forming a hierarchy: the mission of an organisation, corporate objectives and unit objectives. These objectives are the first stage of the s ...
    Related: strategic, strategic management, strategic plan, strategic planning, mission statement
  • The Toad - 716 words
    The Toad Military Organizational Structure Organization involves a intentional formalized structure of roles. People working together towards a common goal, but in specialized areas. The overall effectiveness of any particular association is directly proportional to the functioning of its members. As a firm increases in size the participants lose sight of the concept of teamwork. To maintain the competitive edge a corporation must remain flexible. To this end, varying styles of organizational structure have been implemented. Much of this framework is determined by the business type, goals to be achieved, and even the sociological level of advancement. Our armed forces today reflect this phil ...
    Related: toad, business policy, works cited, organizational design, structures
  • Toshiba - 1,563 words
    Toshiba Paula Dean April 27, 2000 Strategic Management Case Study Toshiba: The Future is Theirs In 1875 Hisashige Tanaka established Tanaka Seizo-sho, Japan's first manufacturer of telegraphic equipment. The company thrived for over 60 years as an independent entity. In 1890, Hakunetsu-sha & Co., Ltd, was founded. It was Japan's first manufacturing facility of electric incandescent lamps. Then in 1939, the two companies merged to become Tokyo Shibaura Denki. They were now an electric equipment manufacturer. The company's reputation was established rapidly and they soon became known simply as Toshiba. They made this official with the name change to Toshiba in 1978. Throughout the company's lo ...
    Related: toshiba, global market, world today, product line, transforming
  • Walmart - 1,612 words
    ... we'd thought they'd never get to. The result is that everyday low prices are getting lower (Saporito, 1994, p. 66). In addition, the baby-boomers are reaching their peak earnings years, when financial and personal priorities change. Thus, savings, not spending, will likely take precedence because most baby-boomers are approaching retirement. Debt Position -- Based on Wal-Mart's position in 1994, which was considered a year of expansion for the company, (Wal-Mart added 103 new discount stores, 38 Supercenters, 163 warehouse clubs, and 94,000 new associates) interest debt increased 52.3%. The cost paid by Wal-Mart to finance property plants and equipment forced the company to increase long ...
    Related: walmart, on the road, global economy, york macmillan, basket
  • Walmart - 1,613 words
    ... g levels we'd thought they'd never get to. The result is that everyday low prices are getting lower" (Saporito, 1994, p. 66). In addition, the baby-boomers are reaching their peak earnings years, when financial and personal priorities change. Thus, savings, not spending, will likely take precedence because most baby-boomers are approaching retirement. Debt Position -- Based on Wal-Mart's position in 1994, which was considered a year of expansion for the company, (Wal-Mart added 103 new discount stores, 38 "Supercenters", 163 warehouse clubs, and 94,000 new associates) interest debt increased 52.3%. The cost paid by Wal-Mart to finance property plants and equipment forced the company to i ...
    Related: walmart, discount store news, wall street, market share, kong
  • Walmart Economics - 1,636 words
    Wal-mart Economics Wal-mart Economics Sam Walton, a leader with an innovative vision, started his own company and made it into the leader in discount retailing that it is today. Through his savvy, and sometimes unusual, business practices, he and his associates led the company forward for thirty years. Today, four years after his death, the company is still growing steadily. Wal-Mart executives continue to rely on many of the traditional goals and philosophies that Sam's legacy left behind, while simultaneously keeping one step ahead of the ever-changing technology and methods of today's fast-paced business environment. The organization has faced, and is still facing, a significant amount of ...
    Related: economics, walmart, guiding principles, growth rate, applying
  • Walmart Economics - 1,606 words
    ... imited reaching levels we'd thought they'd never get to. The result is that everyday low prices are getting lower" (Saporito, 1994, p. 66). In addition, the baby-boomers are reaching their peak earnings years, when financial and personal priorities change. Thus, savings, not spending, will likely take precedence because most baby-boomers are approaching retirement. Based on Wal-Mart's position in 1994, which was considered a year of expansion for the company, (Wal-Mart added 103 new discount stores, 38 "Super-centers", 163 warehouse clubs, and 94,000 new associates) interest debt increased 52.3%. The cost paid by Wal-Mart to finance property plants and equipment forced the company to inc ...
    Related: economic downturn, economics, walmart, consumer attitudes, wall street
  • Web Advertising - 2,827 words
    ... y South African Web resources. This introduced a new aspect to Web advertising in South Africa as it means that local Web users no longer have to sift through a colossal amount of topical hypertext links from around the globe. Advertising on the South African Web has surely benefited from this development which makes South African relevant material far more accessible a nd therefore implies increases Web site hit rates. The search engine that was developed is called Ananzi and is currently the second most hit Web site in the country. Advertisers now have the opportunity of placing an icon on this page which immediately g ives them a formidable brand prescience (Williams, 1997). A host of ...
    Related: advertising, advertising agency, advertising campaign, business proposition, prentice hall
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