The document discusses the planning process used by managers. It describes the three main stages of planning as determining the organization's mission and goals, strategy formulation, and strategy implementation. It also discusses different levels of planning including corporate, business unit, and functional levels. The planning process involves determining the organization's mission, analyzing the current situation through tools like SWOT analysis, and developing strategies and plans at different levels to achieve the organization's goals.
We, TM=GR* (*teaming is growing), are a team of executives formerly working for Sun Microsystems (customer services division). There, we worked for 10 years together and have a track of success. Our stregths are: developing new markets and developing teams to manage those markets. We are now looking for companies that want ...
We, TM=GR* (*teaming is growing), are a team of executives formerly working for Sun Microsystems (customer services division). There, we worked for 10 years together and have a track of success. Our stregths are: developing new markets and developing teams to manage those markets. We are now looking for companies that want ...
Organizations win by developing and working around 'Big Picture'. Japanese firms called it 'Strategic Intent' and supplement it by 'Competitive Innovation'.... Obsession to win and following it up with Changing the rules of the game.
Would you fly on a plane with a pilot who had never flown before? Would you trust critical business systems and processes to teams managing them for the first time? Just as pilots spend months training on flight simulators before taking control of the real thing, simulating critical business systems and processes can greatly reduce risk before “go-live.” ScottMadden has leveraged decades of experience conducting business simulations for our clients to create a business simulation service offering to effectively train new teams and managers. With our know-how, tools, best practices, and thousands of example scenarios, we can reduce the risk, overall cost, and increase stakeholder satisfaction of your new business system or process rollout. To learn more, please visit www.scottmadden.com.
What is strategy?
Identify and examine different meanings of strategy?
What are the theoretical & practical implications of these diverse meanings?
Discuss the nature of strategy in various organisation types.
Identify different levels of strategy in organisations.
Distinguish between corporate strategy, business unit strategy, functional strategy and tactical strategy.
Organizations win by developing and working around 'Big Picture'. Japanese firms called it 'Strategic Intent' and supplement it by 'Competitive Innovation'.... Obsession to win and following it up with Changing the rules of the game.
Would you fly on a plane with a pilot who had never flown before? Would you trust critical business systems and processes to teams managing them for the first time? Just as pilots spend months training on flight simulators before taking control of the real thing, simulating critical business systems and processes can greatly reduce risk before “go-live.” ScottMadden has leveraged decades of experience conducting business simulations for our clients to create a business simulation service offering to effectively train new teams and managers. With our know-how, tools, best practices, and thousands of example scenarios, we can reduce the risk, overall cost, and increase stakeholder satisfaction of your new business system or process rollout. To learn more, please visit www.scottmadden.com.
What is strategy?
Identify and examine different meanings of strategy?
What are the theoretical & practical implications of these diverse meanings?
Discuss the nature of strategy in various organisation types.
Identify different levels of strategy in organisations.
Distinguish between corporate strategy, business unit strategy, functional strategy and tactical strategy.
Organizing: the process by which managers establish working relationships among employees to achieve goals.
Organizational Structure: formal system of task & reporting relationships showing how workers use resources.
Organizational design: managers make specific choices resulting in a given organizational structure.
Successful organizational design depends on the organization’s unique situation.
International Competitive Strategy
Chapter 9
1
9-2
Learning Objectives
LO 9-1 Explain international strategy, competencies, and international competitive advantage.
LO 9-2 Describe the steps in the global strategic planning process.
LO 9-3 Explain the purpose of mission statements, vision statements, values statements, objectives, quantified goals, and strategies.
LO 9-4 Explain home replication, multidomestic, global, regional, and transnational strategies and when to use them.
LO 9-5 Describe the methods of and new directions in strategic planning.
What is International Strategy?
The way firms make choices about acquiring and using scarce resources in order to achieve their international objectives
Involves decisions that deal with all the various functions, products and regional unit activities of a company.
decisions about which markets to enter with which products, when and how
all the various functions and activities of the company and how they interact
ensuring that strategy is consistent across functions, products, and regional units
a variety of unique demands associated with operating internationally
3
International Strategy
The goal is to achieve and maintain a unique and valuable position both within a nation and globally:
IOW: Have a competitive advantage
Competitive advantage is the ability of a company to have higher rates of profits than its competitors
4
Competitive Advantage
To create a sustainable competitive advantage, a company tries to develop skills and control resources that:
Create value for customers
Are rare
Are difficult to imitate or substitute for
Are organized in a way that the company can fully exploit
5
Competitive Advantage and International Companies
The challenge for international companies is that:
Resources are always scarce.
There are many alternatives for using these scarce resources
(for example, which foreign markets to enter).
These alternatives are not equally attractive.
Could be more costs or other risks involved
Competitive Advantage and International Companies
Managers must make choices regarding what to do, and what not to do, now and over time.
Companies make different choices, which have implications for each company’s ability to meet the needs of customers and create a defensible competitive position internationally.
Without adequate planning, managers are more likely to make decisions that do not make good sense competitively.
9-8
The Competitive Challenge Facing Managers of International Businesses
Managers must
quickly identify and exploit opportunities wherever they occur, domestically and internationally
fully understand why, how, where, and when to do business in specific world markets
know the company’s strategic mission, its strengths and its weaknesses
Global Strategic Planning:
Why Plan Globally?
Provides a means for top management to
Identify opportunities and threats
Formulate strategie.
HR Strategies
HR Strategies
Maurice Hill
HR Strategies
12/01/2019
The company’s goal increasing market share in the mobile market. The mobile industry is growing each day with new innovations that offer new business opportunities for the company. An increase in market share in the mobile market will create additional revenue and growth at Intel Corporation. The mobile industry is the fastest growing sector in the communications industry. In order to achieve these goals a staffing plan will be required.
Employees will be needed to be confident, ambitious and reliable in order to achieve these goals. A confident employee is able to take risks and this is a new project for a new goal in the company that requires one to deal directly with clients and solve any arising issues. An ambitious employee will go an extra mile in order to achieve the company’s goal. New goals are usually full of surprises in the market and such an employee will give their best. The company requires an employee that follows instructions. A reliable employee will follow instructions and listen to the needs of the client.
In attracting qualified employees, the company will use clarity in communicating our new goal. This will offer career opportunities to potential employees and new experiences to grow with the company. Another strategy the company will use is being flexible and unique. This is by offering potential employees what they cannot get from competitors like flexible working hours and even working from home. These strategies will fit with my chosen goal as the mobile industry keeps changing and it requires innovative staff that can go an extra mile in increasing the market share of the company in that industry. The staff has to be dedicated in order to achieve the desired goal.
A diverse work force will be catered for as the company strategy of being unique and flexible will offer opportunities to all potential employees. the strategy is to make sure that all candidates know the value of diversity in the company. These methods will attract diverse staff. The goal of increasing market share in the mobile market will make sure that the growing mobile industry attracts staff from everywhere. A diverse staff will be able to build the company’s brand and have a global impact on the company.
Employees will be trained online due to the global impact of the company. This will enable the company the cut training costs associated with travel and accommodation. The mobile industry touches all comers of the globe and employees need to be trained on sales and about the product. Sales training will improve the sales skills of the employees and help them gain new knowledge about available markets. Product training offers employees a look at the product they are selling its benefits and features. Existing employees need to be trained on both the product and leadership skills. They need to learn about the products and leadership skills to encourage growth within the company. Tr ...
The right management approach will always differ between
companies. lean has recently been breaking down barriers
in its application to a range of industries stemming from its
strong manufacturing background. But how does it compete
against similar, yet slightly different management practices
such as agile? and more so, can the two happily co-exist?
agile coach karl scotland, explains how cloud-based
solutions provider, Rally Software, used both lean and agile practices
together to best meet its customer’s needs.
=> Strategic planning first entry
- The easiest introduction to the Strategic Planning
- The basic knowledge of the strategic planning, that everybody should know.
ABDULLAH ALKHADRAWY
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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