What perspectives were used? • The company made the decision to take those three key strategies and work with those. However, the company noted the importance of financials prior to customer service which is common for commercial industry companies. Through these perspectives the company felt as though they were aligned with the comprehensive strategy map. 3.)
Question 2: To do a resource-based analysis of any organization, it needs to go through different steps, first identify the three categories of the resources , the tangible ,intangible, and the human resources , second identify the capacity of the organization to put its resources for a desired end and in good use, third to decide on suitable strategy for the organization we need to do SWOT analysis to determine the organization strength and weakness compared to the competitors, third what are the key successful factors of the organization that can be determine by identifying the customers of the organization and their needs, and what the organization will do to survive the competition ( Hall&Keynes,2015) also audit analysis to Ford resources , and value chain analysis to Ford activities . In the next section, there will a brief explanation about the steps mentioned above , followed by an application to each step to, Ford motor which was incorporated in Delawae in 1919, it is a global automotive industry leader in Dearborn and Michigan, distributed vehicles across six continents the core business of Ford , designing and manufacturing cars, marketing , financing and servicing a full line of Fords cars, trucks, SUVs, and electrified cars, and Lincoln luxury car (Ford annual report,2015). Resource-based view (RBV) is an essential theory for strategic managers , considering the organization resources the assets , capabilities organization
Bob Smith is looking for possible ways of outsourcing to keep with the organization need of data growth and also making sure that cost is within control and within acceptable limit. The CIO of the company has been evaluating three different options and is in the process of information gathering to understand the pros and cons of each alternative. There are many options from which to choose, including: a local data center, a well-known data center, and a data center that is located overseas. Each of these solutions has pros and cons, and one big issue is the security of the data. Some of the other issues include: - Service-level agreements - HR issues related with local and remote staff members - Other issues, such as informing or not
He discovered that the offer from company A is better than company B. He realized that company B’s software may require more modification where increase the total cost. To resolve this conflict of interest, I would like to use Thomas White’s Framework. Thomas White’s framework for ethical decision making should be more useful to deal with situations in dilemma. White’s framework states: • Analyze the consequences and collecting necessary information.
While Wells Fargo has its own strategy to overcome its crisis (Thorne, 2011, p. 65), here are three alternatives to address its issue. The first alternative for Wells Fargo is to have a change in the corporate culture. The first step is to make sure that the board of directors, the president, and senior management have the ability and willingness to make ethical decisions, which should benefit the stakeholders. To guarantee this, the high-ranking personnel should go through an ethical decision-making training. The second step is for Wells Fargo to revise its codes of conduct.
3.1.3. Opportunities of Harley Davidson: 1. Asian & Europe Markets: The demand of the Harley Davidson in the developing Asian & European nations is increasing. There are very less number of players competing the Harley in this segment. Thus, it is a very attractive opportunity for Harley to capture these Asian & Europe markets aggressively.
(Chandler, 2013) Customers have greater access to products so they can choose between, for example, a cheap more polluting car and a more expensive non-polluting car. Also, there is more competition so Tesla needs to distinguish itself from other companies by focusing on CSR. An emerging force that may reshape CSR in the future might be climate change. In order to diminish climate change as much as possible, corporate social responisibility is very important. Companies should think about less polluting products and production processes for
The tool is used as an analysis to illustrate how the company has set out to achieve its successes; as it relates to H&M the tool will focus on the company’s present and potential products as well as it customers. With taking into consideration of the ways that H&M can expand on its new and existing products in the existing and new markets. To provide an analysis on H&M, the analysis will focus on three aspects of the matrix; the market development, market penetration and product
Higher quality products allow for a higher sense of value provided to the customer. Then, companies can charge a higher price because of that. Whereas, from the quality as reliability perspective, customers want a product that performs as it was intended and can last. The product or service has to appeal to the customer and make them want your product over another. Companies will be more profitable because their products are more reliable, then they will have less defected products.
Decisions are what determines the success of people, businesses and nations, a good decision could mean extreme wealth and a bad decision could mean the end of a business or friendship. Dissecting how and why you make these decisions is important to finding the path to success. Rational self-interest is an assumption of how we make our decisions or how we should make them.