Essays on Hitt

Introduction

Genting Singapore is an international hospitality company that deals with integrated resort development and gaming (Genting 2017). Specifically, the company builds integrated resorts and runs casinos as its core business. It also consults for the hospitality industry businesses and investments in the area of sales and marketing support. Besides, it offers information technology services such as software development, systems integration and maintenance among others. Its markets of operation include Singapore, Malaysia, Philippines, the Bahamas, Australia and the UK. The company that began as Genting International was first listed on the Singapore Securities exchange in 2005. It acquired the Stanley ...

Introduction

Under Armour is the brainchild of Kevin Plank who initiated the company in 1996, which has grown to a multi-billion business venture operating in the American market and producing accessories and sports clothing. It is among the largest suppliers of casual and sportswear apparel in the Americas. The company is headquartered in Baltimore, Maryland with franchises across Houston, Austin, Denver, Texas, New York and other major states in North and South America. Further, Forbes notes that Under Armour’s core business is the manufacture, marketing, and distribution of branded sports apparel including footwear, accessories for men and women and ...

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POSTGRADUATE DIPLOMA IN BUSINESS ENTERPRISE

Southern Institute of Technology 2016

List of Tables 3

Section 1. Introduction 4 1.1 Purpose of the proposal 4 1.2 Research Aim 4 1.3 Research Questions and Objectives 4 1.4 Research hypothesis 5 1.5 Background and overview of business 5

Section 2. Literature Review 6

2.1 Introduction 6 2.2 Micro and Macro-Economic Indicators and Business Confidence 6 2.3 Recent Trends, Strategies and the Market Potential 7 2.4 Consumer Preferences 8 2.5 Conclusion 9

Section 3: Methodology 9

3.1 Introduction 9 3.2 Secondary Research Method – Literature Review 9 3.3 Case Study 10 3.3.1. Research Design 10 3.2.2. The Sample 11 3.2.3. The Process 11 3.5 ...

Introduction

The vision 2030 for Saudi was designed to improve the local and the international position of the country along economic, social, political, and the peoples` dimensions. The plan was designed along three critical aspects that encompass the social, economic, people, and the political position. The three pillars that founded the plan were the vibrant society, ambitious nation, and the thriving economy. Along the vibrant society, the model focused on tapping the nation`s strong roots through the blending and optimizing on the natural resources and the community`s cultural heritages. The plan focused on developing and promoting fulfilling lives ...

Executive Summary

Nestlé is a large international company, leader in food and drinks retail sector. The organization is adopting aggressive growth strategy, which involves product line expansion in the Middle East and larger brand presence. The goals of the strategy will be achieved through organic growth as well as M&A. That said HRM strategy is central to the company. Nestlé employs Total Reward Management (TRM) system, Balance Scorecard and incentive-based approach to employee compensation. Importantly, Nestlé believes that retention and motivation of employees are grounded on the personal bonds between the company´s culture and employee. With that, Leadership and Management ...

The business world is ever-changing. Every day, new trends come up, and it is up to a manager to understand the impact of these trends on the firm and how they can ensure profitability. Two of the greatest changes that have taken place in the 21st century is the adoption of technology by most business operations and globalization. Most companies have continued to adopt technology in an effort geared towards improving their overall efficiency. Corporations have also globalized their operations to increase their customer base and profitability. It is, therefore, prudent for any manager to strategically position his/her company ...

Identify the key external and internal strategic issues and forces impacting upon WGF.

William Garden Furniture is a small business that is owned and established by Martin William twenty years back. Since its origin, Mr. William is the managing director and sole owner of the business. William Garden Furniture principally serves the high-end customers and manufacturers up-market wooden chairs, tables, and benches for gardens. William Garden Furniture had fought very hard to develop a sound market reputation, and the underpinning factor for its success is its highly skilled craftsmanship. Unfortunately, after 8 years of its start-up, William Garden Furniture started encountering a number of internal and external strategic issues that are still ...

MARKETING MANAGEMENT

The NIVEA label is among the most acknowledged beauty and skin care lines in the sphere. Nivea jelly was first initiated in 1991, and its brand now expands to 14 international commodities, which range from facial moisturizers to sun care, shower products, and deodorants. In 1980, Beiersdorf, an international firm that possesses Nivea initiated its NIVEA FOR MEN variety globally, which broke the current base with its after crop balm product. It was the initial cream in the market without alcohol and could irritate the derma. It turned out to be extremely popular with customers (Hitt, Ireland & Hoskissson, 2007, ...

Abstract

This paper explores the different elements of business, specifically in the case of Apple, Inc. This company has been selected in view of the numerous material that is available on the Internet with regard to past and present empirical data on Apple, Inc. The elements of business – legal environment, social environment, economic environment, management structure, operational issues, financial issues, and potential change factors – are crucial issues that are discussed in this paper. Each of these elements must be appropriately addressed since weakness in any one of the elements would create problems for the entire business organization. Compliance with policies ...

BUSINESS STRATEGY ASSIGNMENT

Business Strategy Assignment: Razer from Singapore

Razer is a private company that has been designed in the basement of one of the owners in order to cater for the changing need of the modern gamers (Razer, 2016). According to Hitt, Ireland & Hoskisson (2007, p. 79), a successful company is able to create a strategy that is built on the competencies and available resources. Therefore, this paper will provide a discussion of Razer’s current performance, then delve into the Industrial Organization (I/O) and the Resource-Based (RBV) models in order to evaluate the business strategy of Razer, and, finally, conclude ...

Internal and External Company Examination

Singapore Telecommunications Limited is a Singapore based communications company that provides integrated infocomms technology solutions to global customers (Yahoo, 2016). The company has three operating segments, which includes the Group Enterprise, Group Consumer, and Group Digital Life (Yahoo, 2016). The Group Enterprise segment offers services that cater to business consumers such as cyber security, cloud computing, fixed voice and data, mobile, managed services, and IT and professional consulting (Yahoo, 2016). On the other hand the Group Consumer segment offers end-consumer services such as pay TV, voice, fixed broadband, mobile and equipment sales (Yahoo, 2016). The Group Digital Life offers ...

Business

Financial Analysis The financial condition of the company, which is evident from balance sheet, income statement, and cash flow statement, is indicative of the fact that the financial strength of the company is satisfactory. The horizontal analysis of balance sheet of Lowes Company is also showing improvement in performance of the company. Such as it can be seen from the Horizontal and vertical analysis that account payable of the company has increased, which means that there is improvement in payment of debts, and total shareholder’s equity of the company has also increased. Similarly, the horizontal analysis of income ...

The success of an organization is anchored on how such an organization manages its supply chain. The oversight of finances, materials and information on supply chain management is becoming costly to organizations by day. For effective supply chain management, organizations have turned to cost leadership and differentiation to a long-term operational relevance (Ireland, Hoskisson, & Hitt, 2012). Central to the cost management avenues explored today by organizations is cost differentiation and cost leadership management. This paper, based on a range of reputable sources, explores the application of cost leadership and cost differentiation theories in supply chain management.

Cost Differentiation in SCM

Jacoby (2010) asserts ...

Overview of the case

The case addresses the challenges that made Barclays lose its competitive superiority. The company was previously enjoying dominance in the European market and was ranked ninth among other banks with key resource capabilities (Buechel 49). However, internal organizational issues as well as failure to take advantage of the opportunities in the market limited the growth of Barclays to the extent that it was facing major challenges including loss of investor confidence, plummeting staff morale, and poor decision-making by the executives (Buechel 50).

The key challenge for Barclays

The key challenge for Barclays is restoring effective governance structures since the majority of its problems are ...

Abstract

This paper is about the strategic management and strategic competitiveness of an organization. Apple Incorporation is an American-based multinational corporation, which is mainly involved in designing, development, and selling computer software, consumer electronics, online technological and user-based services. Apple Inc. is currently the largest information technology company across the globe and second largest phone manufacturer in the world. It relishes a superior brand loyalty and as per 2014, it was the most valuable brand with an approximate valuation of US $ 118.9 billion. The paper discusses how globalization drastically influences the business style, capabilities, proficiencies, expertise, and overall business performance ...

How my chosen organization compete within its business area

Toyota is a leading manufacturer of automobile in the global setting, a position that has been earned through overcoming various hurdles over the past decades. One of the primary attributes that have contributed to the company's success is its focus on effective quality management (Toussaint, 2016). Moreover, the company's success is associated with a strict management system, which is based on the different principles of operations management as will be explained in the study. By embracing the above techniques, the company has experienced tremendous growth over the recent past. Therefore, the above study seeks to account for the significance ...

According to Weele (2009, p4), effective strategic purchasing is growing rapidly throughout because the organizations have realized it a potent avenue to achieve the company performance in short and long term. These includes attaining their strategic goals, improving the consumer satisfaction, improve the efficiency of the services rendered and many others. Hartmann & Blome (2010, p45) argues that the reason for such is because the quality of goods or raw materials in the organization enhances the organization’s performance. The cost of goods and service procured is also important in determining performance. Various theories are explaining the importance of the ...

Information technology is an essential tool for the development of an organization. Technology assists companies in their operation. The use of technology is especially crucial in the management of global organizations. The technological advances assist these organizations to avoid crimes and errors committed through technology. Mars Inc. is one of the companies that have embraced technology in their operations. This paper is set to research on Mars Inc. and its operations in the global market. Additionally, it analyzes the technological advancements employed by the organization in its operations.

The History of Mars Inc

Mars Inc. denotes a private company owned by the family of ...

Developing a Marketing Plan

Executive Summary This report is an analysis of PepsiCo marketing strategy in Cambodian market. The report starts by giving an explanation of the significance of marketing plan for Pepsi. It goes further to state the goals that the company intends to achieve and the mechanism to make them. The current marketing situation analysis gives the facts on the ground about the enterprise. It goes further to illustrate how the company has positioned itself in the market. There is SWOT analysis for PepsiCo. This gives the strengths and weaknesses that the firm has. Working to improve these factors and exploiting ...

Management Theories and the Workplace

Business

Management Theories and the Workplace

Introduction

This paper is devoted to the issue of management theories and how they can impact on the workplace in the supply chain management. As we know, the management theory is a combination of knowledge about the laws and regularities, methodology and methods of implementation of the management activity. The science of management creates, organizes and disseminates knowledge of how to carry out management activities relying on the knowledge of the three basic sciences (psychology, economics and law). The subject of the management theory is the administrative relationships, in which both economic, social and ...

Introduction

McDonalds is one of the largest fast food chains in the world and in the world. The company was founded in 1940 in San Bernardino, California by Maurice and Richard McDonald. The company which served about 68 million people daily, was renamed McDonald Corporation when it changed ownership to Ray Croc in 1955. McDonalds runs approximately 32,000 restaurants in 117 countries and has 1.5 million employees many of whom work for the franchisees (Downie, 2015). 75% of the restaurants are run by franchisees and besides obtaining revenues from sales, the company obtains massive profits from royalties, rents and ...

DD Month YYYY Datasil, a Canadian distribution firm specializing in sale of computer and electronic equipments was apparently bought by the US firm with a carefully planned strategy to access the Canadian Market. According to experts firms that plan expansion in other countries must thoroughly evaluate the external and internal factors of the M&A before establishing an operation in a new country (East 1). The expansion plan must address all these issues before initiating the process in order to achieve a smooth transfer of operations. According to East, the first and foremost issue is the financial soundness of the ...

SITUATION ANALYSIS

In 2015, Kodak posted 1,798 million and $54 million in revenues and operating income, respectively, representing a gross profit margin of 21.2% and a net income margin of 3.0%. In spite of the acceptably high revenues, the company recorded a net loss of $80 million. Kodak’s 2015 financial performance was the worst since 2005, when the company had gross revenues of $14,268 million. The 2015, performance also marks a continuing and steady decline in Kodak’s revenues and profitability (Morningstar, 2016; Eastman Kodak Company, 2016). Figure 1: Kodak's financial performance is steadily declining Currently, the company ...

Internal Analysis of McDonald’s Corp.

Introduction McDonald’s is the biggest chain of hamburger fasts food cafes around the world with over 50 million consumers. The corporation was started in 1940 by two brothers in San Bernardino, California (McDonald’s. com, 2016). Today, McDonald's is the leader in global food service retail with around 35,000 locations in more than 100 nations. However, most of its worldwide restaurants are owned and operated by independent local business people. Additionally, the alignment strength in McDonald’s is its franchisees and suppliers. This system has been the reason for the long-term success of the corporation. In the ...

Introduction

The video provides an overview of the Cola Wars between two giants concentrated soda producers, such as Coca Cola and Pepsi. The key parties involve in the soft drink business include concentrated producers, bottlers, retailers, and suppliers. Coca Cola and Pepsi held about 75% market share and focus on the advertising, product portfolios and operational efforts to compete with each other. Both companies pursued effective strategic management strategies for business, corporate and global level. For example, both companies focused on the differentiation and cost leadership at a business level by adding new products to portfolios like Mountain Dew by ...

Introduction

There are several sources of law available in the legal practice, while the role of the judicial precedents is the most important one in the common law systems as the United Kingdom. In fact, all legal systems attempt to follow previously accepted judicial opinions as judicial precedents for creation the similar pattern around the dispute or particular case. In terms of the legal framework existing in the United Kingdom, the notion and nature of the judicial precedent should be considered as this particular jurisdiction is familiar with the doctrine of the binding precedent as the source of law and ...

It is hard to imagine a company operating efficiently, with no external partners, still less employees around. Being an international giant that it is, Ford Motors has important stakeholders in external partners or suppliers, such as Bosh and TRW reported to provide the producer with critical components like brakes, seatbelts and airbags. There are elements vital to the safety of actual or would-be car owners, and the latter use this customer value as a benefit to compare it with the financial sacrifice the purchase implies. The reputation, employment conditions, and reasonable prices suppliers have to offer advantage the product ...

mmmmm dd, yyyy

The following discussion will examine aspects of learning and motivation.

Positive and Negative Reinforcement The reinforcing contingencies of positive and negative reinforcement provides the motivation for employees to repeat certain desireable behaviors. (Hitt, Colella and Miller, 2014) Positive reinforcement is the external stimulus from people or organizations which moves a person to do something willingly because he feels pleasure or is expecting to gain from his action. When we recognize that there is a cause and effect pattern that is consistently bringing us good feelings or benefits, then we normally respond positively to the action and even encourage its recurrence. Common examples abound in all stages ...

Introduction

The primary objective of this paper is to look at the strategic execution of IBM. The paper looks at the issues to do with strategies currently used by the firm, analysis of its external and internal environment using SWOT analysis. It also looks at the strategy that the firm has pursued in the recent months, regarding the reasons for the execution of the strategy in question.

Company Overview

Product and Services International Business Machines Corporation (IBM) is one of the biggest technology-related enterprises in the world. IBM is an American company that is involved in the international business of manufacturing as ...

Strategy and Technology

Unlike Microsoft, the small company does not suffer the plight of having to offer out-of-date technology, and therefore, cannibalization would not affect the company. The new disruptive technology of a more stable and faster Operating System is the core business of the new company and they worry less about the customer base and any supply chain relationships with distributors, suppliers or even partners. To grow the product’s S curve and create sustainable market share the small company has to cope with constrained capital and should instigate proper organizational management. The biggest problem for the small company would be ...

Business Decision and Policy Making

Business Decision and Policy Making

1- Business Concept

William Construction Company will be located in Florida U.S. It will be offering construction services to customers, such as a development of building plans, construction consultation services and building and construction management services. The firm will be targeting all individual and institutional clients who need buildings completed for them in the entire state of Florida. The headquarters of the company will be situated in Miami, Florida. Serving the constructions needs of the customer will be the priority of the company. In the recent years, the construction industry in the state of Florida has been ...

Introduction

Security management is a wide subject of management associated to assets control, human resources, as well as physical securities safety operations. It comprises the marking of a company’s data assets and the documentation, growth, and execution of regulations, steps, standards, and outlines. In network control, it refers to the set of operations, which protects systems and telecommunications links from illegal access by individuals, organizations, acts, or effects and they entail a number of sub functions like developing, controlling, and deleting security services and approaches. This also involves allocating security-significant data, presenting essential incidents, managing the allocation of main items and authorizing ...