(Seow, 2009, p. 202). Being forced to comply with regulations is a useful motivating factor for senior managers when it comes to maintaining a continuity plan. The benefits of partaking in a continuity plan also appeal to management when examples of good management practice are established. A huge core motivator for business continuity is its ability to trigger an advantage over competitors by having the ability to become more reliable than other organizations in the event of an outage. “When disaster strikes, the organization that is better prepared to meet delivery deadlines and customer expectations through more resilient operations and that is better able to recover quickly clearly has the advantage.” (Seow, 2009, p. 204).
LinkedIn is currently a successful company; however, changes in the internal and external environment might the efficiency and effectiveness of its strategy. In order to improve its business strategy and keep up with those changes, LinkedIn must continuously monitor and evaluate its strategy by completing an industry analysis, five forces model analysis, SWOT analysis and value chain analysis as they ensure other aspects of the strategy fit the condition of the market. Summary of Recommendations The following recommendations will assist LinkedIn to grow and expand its business and improve internal and external relationship with shareholders. If the company applies the correct methods and integrates the following strategy moves, in the three
Constant flexibility and adaptation are one of the most important elements of success for the company on a client-specific level. What are some other values that describe not only the culture of the business organization but also the way One Smooth Stone delivers quality to its clients? Ledogar describes the three main values the One Smooth Stone holds the entire company’s motto is “Smart, Fast and with Kindness.” The other values that are important to the company include mutual trust, hard work, and the freedom to think outside of the box, so they can get the job done the right way and have fun doing it. But if you are looking for examples of smart, fast and with kindness. Smart is being able to get the best resources, applying the best techniques to your project and choosing the strategy in what you’re presenting to the performance of your client.
I believe that people are a major asset for any business organization because this model describes the importance of stakeholders, leadership and employees for the organization. That is the main reason why this model would suit me. To conclude I will work hard to change and organization successfully. From this module topic I have learned that you need to plan carefully and build the proper foundation so that implementing change can be much easier and chances of success will be improved. If you are too impatient or if you expect too many results too quickly, your plans for change are more likely to
Regular CSR reports which are relevant, honest, and correctly targeted will improve credibility with the internal and external stakeholders, and in turn helps the company to gain competitive advantage over the competitors. These reports also increase employee morale and motivation, as they gain confidence in the company and their roles which they play within the company. CSR is no longer done just for philanthropic reasons but now it is integrated with company’s main goal. The companies are undergoing through a change from simply informing the public about the activities to a more detailed and comprehensive way of engaging the stakeholders. Benefit of CSR reporting: a.
INTEGRATION: STRATEGIC PROCUREMENT AND COMPETITVE ADVANTAGE Integration of strategic procurement and competitive advantages in an organization leads to basic competencies such as having access to raw materials, suppliers with an effective system for measuring quality of products supplied; develop advantage over competitors in relationship with suppliers, working close together with suppliers on product development efforts and close working relationship with suppliers to improve each other’s processes. This will foster benefits for both company and the supplier organization, while providing the maximum transaction value in the long run. Sourcing or procurement is the main aspect of a business organization when considering inputs. Sourcing is the methodology of finding the right supplier, right product, in the right time, at the right price, in correct quantities and right qualities. Sourcing strategy can be illustrated in the following process.
Final Project Milestone One The success of any company lies in its ability to withstand economic change while balancing attrition. This makes the role of human resources a critical element to the longevity of any business and an important factor in its organization’s strategic plan. Before understanding how human resources affects strategic planning there must be an understanding of how human resources works. In general, there are four major functions of human resources: company direction, strategic hiring, workforce alignment, and performance management (). The first step in aligning the human resource function with a company's strategic plan is to identify the direction of the company or the company vision.
Supply chain management is critical to the company and very important part of it to keep the company healthy is free flow of finances in the company i.e. Financial Supply Chain Management. The ongoing practices in the companies clearly depicts a brighter future in the field of completely automated system, starting from order to replenishment to payments. Also the organizations should look out for the high potential opportunities for: 1) Reducing the processing costs 2) Reconciliation of invoice and accelerating payment process 3) Reducing the Days of Sales Outstanding (DSO) 4) Centralizing procurement process in order to have greater
They are also available at Mah Sing internship. Lastly, he called on the company to concern ‘the number of times doing good’ but also pay attention to ‘do good in quality way’ to fulfill corporate social responsibility. By this method, those activities can run smoothly in order to achieve the desired
A consistent organizational culture can develop a conducive environment, which in turn can develop a successful organization and critical in developing the confidence and trust of people in the group (Kotler & Keller, 2006). Define of competitive advantage as a company’s competencies to make strategic plann that cannot match with competitor. A organizational culture as driver to supports and development of people with the precondition ability and competencies needed to get the job done. Venture to encaurage competitive advantage is to continuously encaurage individuals to improve new advantages Successes and failures of an organization depends on the level and purposes of the value created by the organizational culture. If organizational culture in the firm is totally consistent in their system of paying attention to operating efficiency and encouraging subordinates to be creative, the organizations can gain an edge against its competitors (Thompson, Strickland & Gamble, 2005).