Essays on Strategic Direction

The President,

United States of America. Introduction The concept of corporate ethics is widely accepted today. In order to stabilize the growth and development of the overall U.S economy, industries regardless of their nature or size must be instructed to follow certain ethical guidelines. In the current corporate environment, it is advisable for the U.S government to introduce three key changes to its corporate governance framework. First, there should be a single body or statutory regime to deal with corporate governance affairs in the country. Second, corporate ethics is essential to distinguish the roles of chairman and chief executive officer in ...

Introduction

The organizations have to incorporate the decision of layoffs in order to ensure its profitability in the long terms. These decisions support the strategic direction of the company which requires the organization to remain consistent towards minimizing the cost by means of dismissing the employees. The current paper enlightens the ways that managers need to incorporate in order to hinder the negative emotions caused by the dismissal of the employees and enlightens the formal procedure to conduct the dismissal meeting. Moreover, the compensation mechanism for the dismissed employees is also discussed in this paper.

Ways to Cope with Negative Emotions

The manager is required to ...

Abstract

The job task analysis helps in determining the job contents by means of the responsibilities and duties that are required to be carried out in order to perform the work related activities. It helps in determining the significance and criticality of the tasks in accordance with the identified job tasks. It also helps in determining the extent of efforts and skills that are required to carry out the work related activities in an effective manner. The current paper enlightens the task analysis of a Customer Experience Specialist from Airbnb Incorporation. The identified tasks are discussed in accordance with their ...

Issue identification and root cause analysis:

Poor internal culture in the organization Poor brand identification in the market Understanding the CEO’s new vision for the organization Strategic effect of the communication plan: Support the strategic goals of BrightStar by improving brand perception and increasing market share Establish effective communication practices in the organization Strategic goals of the communication plan: Inform persuade obtain buy-in Improve communication between the company and the buyers Explain the impact of the merger on the buyers Establish a clear vision and mission Gain consensus from buyers on the new vision and strategy Reposition the company’s brand to increase market ...

Program:

Specialization: Human Resources

Part 1: Professional Goals

Professional Introduction My professional goal incorporates the attainment of a strategic position on the basis of my knowledge, skills and abilities. I intend to become a strategic expert by encompassing the senior human resources leadership rank. I also want to utilize my technical and conceptual skills in order to direct, inspire and lead others by means of my representation as a human resources scholar. I possess adequate academic knowledge about Human Resource Management because I have completed my graduate and post-graduate education with the specialization in Human Resources Management. My bachelors degree account for the technical ...

Introduction

Time warner Cable Company is a telecommunication company located at the Time Warner center in the United States in the city of New York. Time Warner company deals with the televisions networks, films and entertainment. It is the third largest telecommunications company in the world. The company was established in the year 1990. It was started by forming a merger between two companies in the United States of America. This companies comprised of Time Inc. and the Warner communications. The company mainly operates in film production and television. The company has a limited publishing operations in the United States ...

Abstract

This paper is the thorough external analysis of McDonald Corporation. In this analysis, first the short history of the foundation of McDonald has been described. The paper also focuses on some of the major factors that have made the company the largest food chain in the world. The paper also interprets the vision and mission of the company and how the company’s overall strategies are involved in their mission and vision statements. The PESTEL analysis of the company is done in the paper. The paper also discusses about the competitions in food chain industry and their threat to ...

Part A: Introduction

The report provides an overview of the career highlights and major events of the CEO, Mark Zuckerberg. He was born in 1984 and after quitting the university, developed his website Facebook, Inc. and became its CEO in 2013. In 2010, he won the award of Person of the Year by Times Magazine. The report also identified that CEO’s personality is open to experience as he handled his company by himself by getting experience over the years. In addition, he is a transformational leadership. It is due to the fact that he not only inspires his employees, but openly ...

QI: Comparing Opinions of CEOs and the CIO

Technology contributes to improvement in hierarchical, a functional structure. It also can significantly improve internal and external processes of a company. In many situations, the goals and objectives of a commercial organization are different from the ones that Chief Information Officer (CIO) sets for the technical side of the business. The reality shows, however, that the only effective way to build on the sustainable growth of a company is to ensure that collaboration and transparent communication process define the way CIO and Chief Executive Officer (CEO) work together. With that in mind, setting the budget and defining strategic goals ...

Organizations face many challenges that require readers to come up with strategic implementations that help the business overcome market challenges and achieve its goals (Redmond 1). No one could images McDonald could record reduced sales after a year of high sale volume and high profitability. The rapidd dramatic changes in the business world propagated by technology, globalization, rise of many emerging markets, and competition demand leaders to apply for strategic leadership roles. Thompson, the new McDonalds Chief Executive Officer (CEO), faces complex challenges in leading the company through achieving its three strategic goals. McDonald aims at optimizing and evolving ...

Importance of Innovation to AutoZone

Innovation is very important for the division and the entire organization. It is for this reason that innovation will be embedded in the core values as well as the mission and vision of the division. The main objective of making innovation part of the AutoZone statements is to help in reinforcing it. This will change the way innovation is viewed. Instead of being seen as just an aspirational concept, the idea is to make it as part of the everyday experience. It has to be embedded in everyone’s job responsibility. It will be used to further positive employee ...

ABSTRACT

The multinational enterprises have incorporated in their mission statement and business model the ethics and the social responsibility. McDonalds is not the exception to this trend, the company with more than 37,000 restaurants in the world have a presence in the most important cities of the world exposed to critics of citizens and non-government organizations related to the quality food and the marketing techniques. McDonalds changed its business model toward ethical behavior and to improve their economic performance.

INTRODUCTION

McDonalds Corporation is the owner and franchise operator of the McDonalds restaurant in the Americas, Europe, Middle East, Africa and ...

Question one

Capital budgeting is a process that may be defined by proper understanding of the terms; capital which means the initial investment needed to kick start a business activity and budgeting which is the process of aligning resources to meet a given business goal. Capital-budgeting may be defined on the bases of the goals of a project, which are supposed to define the value of a project to the firm. Proper understanding of capital budgeting decisions is helpful in definition of the strategic decision of a firm.

Various processes should be taken into consideration while defining the use of capital-budgeting process useful in defining projects ...

The presentation has thoroughly explored various aspects of great significance to be considered when analyzing a business strategy. For example, the case study has initially provided the background review of the InterContinental Hotels. This is essential in understanding history and development of the business—the details that are important for planning. Furthermore, detailed accounts of the business’s environment and industry analysis are provided. The case study also has conducted the organization’s resources and situation analysis. Notably, the presentation has utilized important business analysis tools such as SWOT, thus ensuring that all vital elements are reviewed thoroughly. Moreover, the ...

EVALUATION OF WOOD GROUP EXISTING STRATEGIES - AN OIL AND GAS SUPPORT/SERVICES COMPANY BASED IN SCOTLAND THAT OPERATES IN SOME 50 COUNTRIES

Executive summary

Wood Group Engineering Wood group is an autonomous supplier of pivoting tool services and clients who are in demand of the energy of oil and gas markets. The services the GTS provides include industrial designing, architecture, obtainment and construction. They also provide office operations and support, updates, optimization and overhauls of gas and steam turbines, pumps, compressors and other many services. Their strategy and goals work on ensuring that they are a global leader in their callings, hence ...

MANAGEMENT REPORT – EVALUATION OF THE COMPANY’S STRATEGY

Abstract

Wood Group is a leading organisation that provides engineering, repairing or maintenance services for companies activating in gas and oil throughout the world. The current report evaluates the company’s strategic position, its strategic direction and it aims to identify if the strategies that the company utilizes to attain its strategic direction are suitable, acceptable, feasible or sustainable. The report will intertwine the organisation’s internal environment with its external environment, making references to PESTLE and Porter’s Five Forces frameworks for allowing a more transparent understanding of its strategic position and its strategic direction. The report will provide recommendations ...

- Define and clarify the role of each of the components using your own words.

External environment entails the factors outside any organization that complement a successful human resource strategy towards the mission and goals. It involves the factors that influence human resource activities that are necessary for maximizing recruitment and retention. These factors include: competition, government regulation, technology, market trends and economics. The internal factors are those components that should be considered in order to minimize employee issues and facilitate the achievement of organizational goals. The internal factors include: culture, structure, politics, employee skills past strategies just to mention but a few. These factors are considered by the human resource management in order to ensure ...

Introduction

A strategy is essentially a high level plan that is used by an organization to achieve one or more goals under uncertainty conditions. The concept of strategy therefore becomes ever crucial when it is suspected or is known that insufficient resources are present to achieve the desired goals. It is thus about both attaining and maintaining an advantageous position over adversaries through successive exploitation of emergent or known possibilities rather that an institution committing to particular fixed plan that is actually defined at the onset. Strategy formulation is the task of a manager in every institution hence it is a requirement ...

Executive Summary

The strategic plan of Pepsi aims at establishing a clear vision and defined goals of how to maintain market leadership of Pepsi and how it has been able to be the best employer in the recent past. Pepsi Co majority of the times had a dominant position in the market, however, at the same time, it has also faced intense competition from its rival, Coca- Cola. The one type of change that it has experience in the last five years is its Diversity Inclusion Project which is now being led by CEO, Indra Nooyi, who has also been a major transformation in ...

BMAL 504-B07

Organizational Description Teen Challenge New England and New Jersey, Inc. is a registered 501(c)(3) charitable non-profit organization. They provide youth, adults, and families with an effective and comprehensive Christian faith-based solution to drug, alcohol, and other life-controlling problems in order to become productive members of society. Their program is long-term and residential. They are privately supported and depend on the faithfulness of individuals, churches, businesses, and foundations. Their corporate headquarters are located in Brockton, Massachusetts and they have eight campuses located throughout New England and New Jersey. According to a recent audit, over 80% of all revenue is ...

Vision and structure

The vision of the company is to be the leading global manufacturer and distributor of medical equipment. The organizational structure of the company is such that the topmost person is the President responsible for the whole company. The second in the rank is Vice President responsible for operations. Under Vice President, there are managers heading the units of purchasing, warehouse, engineering, IT, Human Resources, Finance, and Marketing. Each manager oversee a number of departments with departmental heads.

Role of management in effective deployment of human resources

The management understand that the performance of the company is partly contributed by how best the human resources activities (such as employee deployment) ...

Overview

Organizational change is challenging but if effectively managed it is highly beneficial. The case study comprehensively articulates the strategic direction that Black and Decker Company would take in development of different local businesses into international entities. The company is in the business of power tools and home improvements equipment. A description of the dynamics of the business is presented within the case study. It is pertinent to note that a recent acquisition of the Emhart Corporation is considered as one of the key catalysts of profitability of the company. Emhart is a company that deals in architectural hardware such as locks ...

Evaluation Toolkit for Vision and Mission Statements

Research Background Well-formulated and effectively supported by shared values strategy is critical for any organization. There are several crucial factors that determine the success of strategic planning. First of all, strategy turns from a plan to the reality only with the buy-in from the internal stakeholders. Secondly, strategy only worth if there are external stakeholders that are interested in what the company has to offer. Finally, strategy should be aligned with the industry´s potential and should address external influences. Mission and vision statements help the organization to communicate these strategic elements and its relevance to internal and external ...

2021111111

www.thestation.com

Executive Summary 3

Business Description and Vision 5 Vision and Mission of the Company 5 Definition of the Business 5 How The Idea Was Born? 6 Definition of the Market 7 Target market 8 Market share Projections 9 Description of the Products and Services 10 The Station Product 10 The Station Service 10 Organization and Management 11 Corporate Structure and Management 11 Legal Structure 12 Marketing and Sales Strategy 13 Target Customer Groups 13 Distribution Channels 13 4P´s Strategy 13 Financial Management 15 ...

LITERATURE REVIEW: VIRGIN ATLANTIC AND EMPLOYEE MOTIVATIONS WITHIN THE AVIATION INDUSTRY

Virgin Atlantic is one of the largest names in the aviation industry in Europe. Although the company began as a rather small, localised group, it quickly grew into a group that has become one of the powerhouses of British airlines. This discussion will center around the details of the company; it will also investigate the literature surrounding the question of how employer and management attitudes affect staff and employee motivation in the aviation industry and beyond into other industries. Virgin Atlantic is a British airline which was established in June 22, 1984. Leadership is a significant skill that can increase the survival ...

Emerging issues in the current times have often presented numerous challenges and threats but also opportunities for the military as an organization. This has largely been driven by circumstances that transcend beyond the normal military thresholds; making it even more likely that the defense forces may be called on to function or operate under varying conditions. Additionally, technology and innovation are calling the shots every day, thereby reshaping the landscape of the military as an organization. Such innovations and technology are meant to multiply as well as intensify the military overall objectives that every actor will achieve. A recent ...

Management

Crowdsourcing of strategic plans is a new concept that serves to be an out of the box solution to aligning an organization to strategic goals and towards obtaining fresh inputs while deciding the strategic direction and organization has to take.

Crowdsourcing for All Organizations

Crowdsourcing of strategic plans is not a formula for all organizations to adopt. Organizations like Wikimedia, whose existence is based on “collaborative content creation” (Gast and Zanini, 2012) are natural choices for crowdsourcing of strategy. If an organization is lacking in internal democracy, it would be difficult to obtain views on strategic direction. Employees would desist from voicing their opinions on ...

Introduction

The business systems and processes have been revolutionized in view of the technology advancement that the world has witnessed, and the suppleness of organizations has increased with regards to the available resources at their disposal. The development of the team and their skills set is as important as the development and innovation in the products and services. The focus of an organization with regards to developing competitive advantage is through hiring employees who are self motivated and also have the necessary skill set to succeed. Strategic Competency Development is in essence defined as a process that comprehends ...

Business – Leadership

Critical writing: Creating Vision and Strategic Direction; Leading Change The two articles which we would discuss here are: (1) Leadership Vision and Strategic Direction; published by the Quality Management Forum, Vol-30 and (2) Mission, Vision, Values by Jane Logan. In the first phase or section of this assignment we would take the discussion towards understanding the thoughts of the writer and in the next section we would have critique’s view on it. We begin with ‘Leadership Vision and Strategic Direction’. In this article, Don Bracken has focused on Leadership. He begins with a very simply explanation of ...

Introduction

Many business organisations have problem in converting their excellent strategic plans into action. It is estimated that more than sixty percent of business strategies are not successfully implemented (Barrows, Ed. 2014). But it is possible to make a successful implementation of a strategic plan if the key people in the organization consciously contemplate the plan and work together. Working out the plan is the key in strategic execution. Though there is no single way to execute the strategy there are certain principles that are presented by consultants and researchers such as Ram Charan, Michael Porter, Gary Hamel, Jim Collins, Clayton Christensen, ...

Executive Summary

Global entertainment industry is presented by various sectors that, among others, include gambling industry. Increasingly complex global market environment outlines numerous challenges for the companies that operate in gambling segment. Evolution of regulatory profiles in European countries, strict governmental regulations and regional limitations in the United States; economic turbulence; volatile consumer confidence; and increasing public interest in CSR policies of the industry players shape the future of this economic segment. Hard Rock Hotel&Casino (HRH) is one of core businesses of the Hard Rock Corporation with yet, relatively small scale and scope of operations. This document provides an extensive analysis ...

Part 1 - Strategic Capabilities

The VRIN Analysis, presented in Appendix 2 demonstrates some of the findings in regards to the resource and capability structure of the TCG. Given the outcome of this research is possible to argue that Thomas Cook is a resource based company, operating on asset-light value chain proposition. The research have identified that core competencies of the organization are located in the Management, Human Factor and Marketing elements. Given the focus on elimination of material assets the organization it is believed that Management and HRM are the key for the company. At the moment TCG is heavily investing into two elements: a) ...

Introduction

Industrial engineering directs the efficient execution of construction, commercial enterprises of various undertakings, transportation, or manufacturing, indeed, in that human labor is directed in carrying out any type of duty. Industrial engineering has drawn upon various diverse fields of engagement including accountancy, sociology, psychology, mechanical engineering, economics and at times it distinct itself as a specific body of science in its own. The older branches of the profession never constituted the human elements and the economic parts and this differentiates it with the current understanding of industrial engineering. It is thus this complexity of operation that in industrial engineering working ...

The case study is based on observation through strategic visioning and consulting for Women for Women International. Last year the Board of Directors for WfWI ousted their founding CEO and Leader Zainab Salbi. The ripple effect of this decision lead to many people quitting and the subsequent replacement of their entire Global Leadership Team. Issues that arose were: Lack of Strategic Direction, Lack of Visionary Leadership, and Lack of Trust throughout the organization vertically and horizontally.

Introduction

Women International at present is facing one of the biggest challenge of managing human capital. It has to make sure that they manage ...

EVOLUTION ENGINES: MANUFACTURER OF ENGINES, EQUIPMENTS AND ACCESSORIES

INTRODUCTION Conceptualizing a business requires that a particular idea is set for achieving future objectives. Businesses require setting their perspectives and this can only be accomplished if appropriate technology is available and the emphasis is on problem solving. Acquiring this sense of dimension is essential for aligning the workforce to the business dimensions. This competitive era requires that the businesses align themselves to cater the needs of the individuals and adapt a path which leads to innovation (David, 1995). In this report a discussion will be placed which will show the importance of directing mission, vision and values of the business. ...

INTRODUCTION

The objective of this paper is to evaluate and explain the importance of mission and statement, and values in determining the direction for the business in forthcoming years. In order to do so, this paper proposes a mission statement for the business by taking into consideration a variety of factors that are essential for growth of the business. The vision statement, on the other hand, helps in the deciding the future of the business. By taking into account the importance of vision statement, this paper focuses highly on developing a vision statement to define the strategic path and direction of the business ...

Importance of the Topic

Everyone in the world has a right to enjoy quality standards of physical and mental health. Physical and mental health are directly related to the quality of life a person lives and compromises on either could lead to that person becoming alienated by their society. Social isolation of persons with mental health challenges could be particularly depressing to people who have settled in a foreign country. New Zealand has a high population of people from different cultures and the Chinese form the largest population of immigrants in the country. The Chinese make up about 45% of Asian communities in New Zealand. This high ...

Article Review

Article Review

Thinking, Development and Deployment” the author expounded on the theoretical frameworks and applications of strategic planning as a crucial tool to provide direction in the decision-making processes of leaders in an organization. As emphasized, strategic planning incorporates relevant components that include mission, core values, vision and strategic goals . I was convinced that the author provided the significant aspects which emphasize that “employees at all levels can articulate and share the company’s vision and its overall strategic direction” . The assertion was highly commendable in acknowledging that there apparently should not be any barrier to the solicitation of inputs, ...

Question 1

Housing Association is planning to build affordable homes as one of the milestones to reduce overcrowding. Financial distress is hindering the success of theprojectbecause there is no adequate funding to sustain the proposed developments. Housing Association is also characterised by poor planning and lack of proper project management strategies. The evidence of this is the fact that financial managers have prepared a development proposal, but the proposal does not have a business plan. The proposal itself is not comprehensive enough to include all the required details of the proposed housing projects because it has less than ten pages of ideas. Further ...

Customer Inserts His/Her Name

Customer Inserts Tutot’s Name - Introduction - Background The Chinese market is growingly rapidly. By the end of 2009, its population was at 1,334.74 million. This was an increase of 6.72 million people from the previous year. The income of urban households rose from RMB 10,493 to RMB 17,175 between 2008 and 2009.the expenditure on clothing among the urban households increased from RMB 801 to RMB 1,284 between 2005 and 2009. Therefore China is ranked as the world’s largest fibre consumer. Figure 1 below shows statistics of the country’s ...

Discuss why making changes such as Mitsubishi did is important both legally and improving Human resource management with the employees and managers. It is very discouraging how women get discrimination in work places silently but legally important. Women do not get equal rights and privileges in work places and in participation of current events. Current events include participation in rally games that concentrate in marketing certain products. In Mitsubishi, a motor company that has been in existence for many years, women hardly drive the cars during test drives, something that denies women many chances in proving their efficiency. In ...

Introduction

The purpose of this article “accounting, organizations and society” is provision of guidelines to researchers, readers and editors on what they should expect when dealing with any article about accounting. It gives the definition of accounting theory as the assumptions, frameworks and methodologies used in the application and study of principles related to finances or financials. The term introduction means it is the beginning of everything included in journal used initially but since it is introduction, it will tend to explain the usage of tables, charts and figures. It also involves reviewing both the verification of the accounting practices ...

Business Strategy Report for Go-Ahead plc

Executive Summary The report gives brief information about the Go-Ahead company, its current market position and the market segments it operates in as well as describing the operations of the company. The analysis given in the report uses PESTEL analysis, Five Forces, SWOT and other micro economic concepts in brief terms. The report has different sections describing different concepts of the research on Go-Ahead Company. The organization’s strategic position will be analyzed and critically evaluated using findings from research conducted. The Go-Ahead’s strategic direction will be analyzed using two of the Ansoff, BCG, and McKinsey ...

Introduction

Conflict in an organizational setting is inevitable, not least because of the inherent power differences. These differences are emphasized by the variety in opinions, cultures, traditions, religions and individual motivations among others. With the frequent changes in the business environment, changes within and without the organization are necessary, if the firm is to succeed or even remain competitive. This paper asserts that poor preparation, execution or failure of change causes conflict or exacerbates the potential of conflict within an organization. The paper draws on the efforts of Ritz Advertising to change in line with the business environment, which brings ...

Essay Questions

1. Three Steps in the Individual Ethical Decision-Making Process and How Characteristics of Individuals and Organizations Influence our ethical Behavior The first step in the individual ethical decision-making process is ethical awareness. The second step is making ethical judgments. To be able to make ethical judgments one needs to define the ethical issues in the situation. The third step in the ethical decision making process identifying the ethical behavior. Individual characteristics that influence ethical behavior may include ethical decision-making style. Certain individuals believe that, in cases of ethical dilemmas, no one should be harmed. An individual’s locus ...

Since Catherine Horton is not happy about the way things are going in the Catherine’s Confectionaries, it is necessary to implement changes that could enhance company profitability and make the business more enjoyable for Catherine. It is also important to give the company a sense of direction and to make it easier for Catherine to control her business.

The first step in organizing business activity is defining its core strategy and focus. Catherine’s Confectionaries has been always developing spontaneously and engaged in activities without profound consideration of their compatibility with the firm’s strategy and focus. Although such ...

Supervisor:

Abstract In modern business world characterized with competition, acquisition and mergers are dominating main company’s games. In fact, major companies in such as food sectors and banks are acquiring smaller firms in order to ensure that control competition and assets are strengthened. Just like numerous other decisions, there is need for careful prognosis and study before taking this important step in analysis of assets in a company, business performance, and acquisition overall viability. Embry Investment Group is a company that is exploring for a company to qualify for acquisition. This report is aimed at gaining a deeper comprehension on the viability ...

Biography:

The quest for understanding is perhaps most apparent when it comes to the assessment of entrepreneurs and the effects of their workings in the world of business. Entrepreneurship is a practical activity that is acquired either through entrepreneurship genes or through learning/acquiring specific behavioral traits that can enable individuals to become active in entrepreneurship (Strategic Direction, 2011). One of the most influential persons in the world of entrepreneurship is Carlos Slim Helu, who owns varied properties ranging from telecommunications, retail, manufacturing, banking, and insurance. According to Forbes Business Magazine, Carlos Slim Helu is the richest man in the world with a ...

Conceptualizing a Business

Introduction

Conceptualizing a business requires gathering relevant data concerning the organization in order to have an insight of the importance of the vision and mission of the business enterprise, and the values that the business enterprise puts into consideration in order to evaluate their strategic direction. This paper represents a conceptualization of the Web Tech Solutions, with respect to the company’s vision, mission and its values. The paper will provide an overview of the company, the major products and services that the company provides and the types of customers that the company serves with respect to mission statement. In addition, ...