Final ProjectTo understand strategies in the framework of miss.docxAKHIL969626
Final Project
To understand strategies in the framework of missions, organizational structures, strategic plans, and other related stakeholders.
To see the actual dynamism of strategies in a real case.
Research question: “What do you want to know/discover?”
Anything will be fine.
Utilize the following items!
Vision and mission (optional)
External and Internal Assessment (SWOT)
Use “transformation” and “Neutralization” approach!
Strategic goals and Strategic directions (Porter and Ansof: Efficiency vs Effectiveness, Market vs Products, Cost vs Value added)
Strategic framework learned in Ch 5.
Descriptions (Explanations, opinions, and interpretation) and Analyses (Strategic sense, reality, and insightfulness)
Presentation: Interest, acceptance, and active thinking of audiences.
Cover page
Title
Full names of your members
Course name Instructor’s name --Visuals! (Graphs, tables, pictures to support readers’ acceptance)
Page requirement: Not really
Example here will have 10 pages (1-2 pages for the Overviews, 0.5-1 page for Research Objectives, 1 page for missions, 3 pages for three major areas of business, 3 pages for discussions and analysis, and 0.5 page for conclusion and reference.)
Overview of the players and the industry
Choose a player (players)
Industry overview
Product areas of the player(s)
Current movements and uniqueness (T and O)
Strategic characteristics (Conventional strategies, competitors movements)
Profiles of the player(s):
Market position
Products and services (and market segments and share)
Important history or facts to find a general tendency of strategies.
The general strategies and major reasons
Competitors
Profits (Finance) and trend
Research Objective(s)
What do you want to know about strategies?
Focused and interesting topic(s).
Information availability to make discussions and analysis.
Example:
I want to know why CASIO has been able to occupy certain but constant market share and profit in a wrist watch segment.
Cost leadership without price competition and premium pricing in a wrist watch segment. Not #1 but “Only one” company.
Mission by Mr. Kashio: “To achieve growth for the company and increase corporate value by introducing totally innovative ideas and advanced technologies that make the world a better place.”
Literature review
Literature review (Selected information for research questions).
https://www.marketing91.com/marketing-strategy-casio/
http://arch.casio.com/file/ir/pdf/annual_2013_06.pdf
Analysis
Analysis (Make sure your analysis has depth to maintain power of persuasion).
Digest and interpret the information to attain the research objectives.
Relationship between missions and strategies
Basic strategic moves (Typology) --- Clear market positioning and branding for clear separation of cost leadership and differentiation. Market segmentation to market penetration (Digital watch F91 for price sensitive mass markets, G-shock for used-to-be TIMEX segment, G-shock ...
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Final ProjectTo understand strategies in the framework of miss.docxAKHIL969626
Final Project
To understand strategies in the framework of missions, organizational structures, strategic plans, and other related stakeholders.
To see the actual dynamism of strategies in a real case.
Research question: “What do you want to know/discover?”
Anything will be fine.
Utilize the following items!
Vision and mission (optional)
External and Internal Assessment (SWOT)
Use “transformation” and “Neutralization” approach!
Strategic goals and Strategic directions (Porter and Ansof: Efficiency vs Effectiveness, Market vs Products, Cost vs Value added)
Strategic framework learned in Ch 5.
Descriptions (Explanations, opinions, and interpretation) and Analyses (Strategic sense, reality, and insightfulness)
Presentation: Interest, acceptance, and active thinking of audiences.
Cover page
Title
Full names of your members
Course name Instructor’s name --Visuals! (Graphs, tables, pictures to support readers’ acceptance)
Page requirement: Not really
Example here will have 10 pages (1-2 pages for the Overviews, 0.5-1 page for Research Objectives, 1 page for missions, 3 pages for three major areas of business, 3 pages for discussions and analysis, and 0.5 page for conclusion and reference.)
Overview of the players and the industry
Choose a player (players)
Industry overview
Product areas of the player(s)
Current movements and uniqueness (T and O)
Strategic characteristics (Conventional strategies, competitors movements)
Profiles of the player(s):
Market position
Products and services (and market segments and share)
Important history or facts to find a general tendency of strategies.
The general strategies and major reasons
Competitors
Profits (Finance) and trend
Research Objective(s)
What do you want to know about strategies?
Focused and interesting topic(s).
Information availability to make discussions and analysis.
Example:
I want to know why CASIO has been able to occupy certain but constant market share and profit in a wrist watch segment.
Cost leadership without price competition and premium pricing in a wrist watch segment. Not #1 but “Only one” company.
Mission by Mr. Kashio: “To achieve growth for the company and increase corporate value by introducing totally innovative ideas and advanced technologies that make the world a better place.”
Literature review
Literature review (Selected information for research questions).
https://www.marketing91.com/marketing-strategy-casio/
http://arch.casio.com/file/ir/pdf/annual_2013_06.pdf
Analysis
Analysis (Make sure your analysis has depth to maintain power of persuasion).
Digest and interpret the information to attain the research objectives.
Relationship between missions and strategies
Basic strategic moves (Typology) --- Clear market positioning and branding for clear separation of cost leadership and differentiation. Market segmentation to market penetration (Digital watch F91 for price sensitive mass markets, G-shock for used-to-be TIMEX segment, G-shock ...
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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.
After studying this chapter, you should be able to do the following:
5-1. Identify and discuss eight characteristics of objectives and ten benefits of having
clear objectives.
5-2. Define and give an example of eleven types of strategies.
5-3. Identify and discuss the three types of “Integration Strategies.”
5-4. Give specific guidelines when market penetration, market development, and product
development are especially effective strategies.
5-5. Explain when diversification is an effective business strategy.
5-6. List guidelines for when retrenchment, divestiture, and liquidation are especially effective
strategies.
5-7. Identify and discuss Porter’s five generic strategies.
5-8. Compare (a) cooperation among competitors, (b) joint venture and partnering, and
(c) merger/acquisition as key means for achieving strategies.
5-9. Discuss tactics to facilitate strategies, such as (a) being a first mover, (b) outsourcing,
and (c) reshoring.
5-10. Explain how strategic planning differs in for-profit, not-for-profit, and small firms.
Without long-term objectives, an organization would drift aimlessly toward some unknown end.
Long-term objectives are needed at the corporate, divisional, and functional levels of an organization.
Objectives are commonly stated in terms such as growth in assets, growth in sales, profitability, market share, degree and nature of diversification, degree and nature of vertical integration, earnings per share, and social responsibility.
Objectives provide a basis for consistent decision making by managers whose values and attitudes differ. Objectives serve as standards by which individuals, groups, departments, divisions, and entire organizations can be evaluated.
Two types of objectives are especially common in organizations: financial and strategic objectives.
Mr. Derek Bok, former President of Harvard University, once said, “If you think education is expensive, try ignorance.” The idea behind this saying also applies to establishing objectives, because strategists should avoid the following ways of “not managing by objectives.”
Hansen and Smith explain that strategic planning involves “choices that risk resources and trade-offs that sacrifice opportunity.”
Defined and exemplified in Table 5-4, alternative strategies that an enterprise could pursue can be categorized into 11 actions.
Strategy making is not just a task for top executives. Middle- and lower-level managers also must be involved in the strategic-planning process to the extent possible. In large firms, there are actually four levels of strategies: corporate, divisional, functional, and operational.
Forward integration and backward integration are sometimes collectively referred to as vertical integration. Vertical integration strategies allow a firm to gain control over distributors and suppliers, whereas horizontal integration refers to gaining ownership and/or control over competitors.
Forward integration involves gaining ownership or increased control over distributors or retailers.
Backward integration is a strategy of seeking ownership or increased control of a firm’s suppliers.
Seeking ownership of or control over a firm’s competitors, horizontal integration is arguably the most common growth strategy.
Market penetration, market development, and product development are sometimes referred to as intensive strategies because they require intensive efforts if a firm’s competitive position with existing products is to improve.
Market penetration strategy seeks to increase market share for present products or services in present markets through greater marketing efforts when current markets are not saturated with a particular product or service.
Market development involves introducing present products or services into new geographic areas.
Product development strategy seeks increased sales by improving or modifying present products or services.
The two general types of diversification strategies are related diversification and unrelated diversification.
Related diversification value chains possess competitively valuable cross-business strategic fits.
Related diversification should be considered when these circumstances exist.
Unrelated diversification is when value chains are so dissimilar that no competitively valuable cross-business relationships exist.
Note that a key difference between related and unrelated diversification is that the former should be based on some commonality in markets, products, or technology, whereas the latter is based more on profit considerations.
In addition to integrative, intensive, and diversification strategies, organizations also could pursue defensive strategies such as retrenchment, divestiture, or liquidation.
Retrenchment occurs when an organization regroups through cost and asset reduction to reverse declining sales and profits.
Sometimes called a turnaround or reorganizational strategy, retrenchment is designed to fortify an organization’s basic distinctive competence.
Divestiture is selling a division or part of an organization and is often used to raise capital for further strategic acquisitions or investments.
Selling all of a company’s assets, in parts, for their tangible worth is called liquidation; it is associated with Chapter 7 bankruptcy. Liquidation is a recognition of defeat and consequently can be an emotionally difficult strategy.
Liquidation is pursued when bankruptcy is the only option available.
Probably the three most widely read books on competitive analysis in the 1980s were Michael Porter’s Competitive Strategy (1980), Competitive Advantage (1985), and Competitive Advantage of Nations (1989). According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and focus. Porter calls these bases generic strategies.
Cost leadership generally must be pursued in conjunction with differentiation. A number of cost elements affect the relative attractiveness of generic strategies, including economies or diseconomies of scale achieved, learning and experience curve effects, the percentage of capacity utilization achieved, and linkages with suppliers and distributors.
Companies employing a low-cost (Type 1) or best-value (Type 2) cost leadership strategy must achieve their competitive advantage in ways that are difficult for competitors to copy or match.
Different strategies offer different degrees of differentiation. Differentiation does not guarantee competitive advantage, especially if standard products sufficiently meet customer needs or if rapid imitation by competitors is possible.
A successful focus strategy depends on an industry segment that is of sufficient size, has good growth potential, and is not crucial to the success of other major competitors.
For collaboration between competitors to succeed, both firms must contribute something distinctive, such as technology, distribution, basic research, or manufacturing capacity.
Joint venture is a popular strategy that occurs when two or more companies form a temporary partnership or consortium for the purpose of capitalizing on some opportunity.
A merger occurs when two organizations of about equal size unite to form one enterprise. An acquisition occurs when a large organization purchases (acquires) a smaller firm or vice versa.
Private equity (PE) firms are acquiring and taking private a wide variety of companies almost daily in the business world.
First mover advantages refer to the benefits a firm may achieve by entering a new market or developing a new product or service prior to rival firms.
Outsourcing involves companies hiring other companies to take over various parts of their functional operations, such as human resources, information systems, payroll, accounting, customer service, and even marketing.
Some key reasons why many mergers and acquisitions fail are provided in Table 5-5.
Table 5-6 presents the potential benefits of merging with or acquiring another firm.
First mover advantages are analogous to taking the high ground first, which puts one in an excellent strategic position to launch aggressive campaigns and to defend territory.