1. What is your understanding of a company’s strategic plan? 2. Outline a company’s process involved in strategic making and the execution of the plan. 3. What is the purpose of a company’s strategic vision? Is it important for the company to make stakeholders aware of the vision? Why? 4. What are the differences between a company’s vision and its mission? 5. What makes a company’s culture outstanding to its peers in the market? 6. Define a company’s objectives? What is the significance of setting strategic objectives for you company? 7. Define and state the purpose of short and long-term strategic company objectives? 8. What does a company’s strategic plan encompass? When does it succeed? What does managers need to do to manage the strategic …show more content…
What is your understanding of the objectives of a competitive strategy? 15. When does any company achieve its competitive strategy? 16. At what time is a competitive strategy that strives to achieve low cost provision become attractive? What are the primary risks that emanate from low-cost leadership strategy? 17. Is achieving a competitive advantage over rivals significant for a company? Why? What does it involve? 18. What factors acts as a barrier to a low-cost leadership strategy? 19. Which market situations allow broad differentiation strategy succeed in the market? When do you expect a broad differentiation strategy increase the company’s profitability? What market circumstances fails to favor broad differentiation strategies? 20. What is the distinction between a focused differentiation and a broad differentiation strategy? 21. What is the significance of assessing completive strength rating of a company vs. its competitors by use of the industry’s most basic measure of rivals strength or weakness in the marketplace? 22. What are the components of a company’s external environment? What tools would you use to evaluate the company’s external environment? 23. What is PESTLE? What forces lead to industry change? What tool is used to assess PESTLE …show more content…
Define corporate culture? Do leadership shape organizational culture? How? 43. What are the levels of organizational culture? 44. Did whole foods strategies showcase its vision? How? 45. Elaborate Whole Food’s business approach? 46. Did Apple, Inc. embrace a successful strategic strategy in 2010? Why? What was the role of the then CEO, Steve Jobs? 47. Which were the Apple’s core values, vision, mission and strategy that drove the company success? 48. How did Steve Jobs execute Apple’s strategy in 2010? 49. What were the attributes of Dell’s strategic plan in 2008? 50. Evaluate Dell’s, core values, vision and mission as well as its financial strategy that made the company outshine Hewlett-Packard in production of personal computers in 2008? 51. State the challenges eBay faced back in 2008 as an e-commerce business? 52. What challenges did eBay face when it comes to consumer decision making under different circumstances? 53. What were the trends in the Steel market Nucor had to deal with? How did Nucor place itself strategically to compete for its market share in the steel industry? What was the company’s strategy? 54. Illustrate Southwest Airlines culture, values and operating practices? Did the culture work in favor of the business success of not?
2. Analysis of the Industry, market size, competition, etc. 2.1. PESTLE A market is the place or medium where specific activities are transacted between businesses and consumers. To study the macro-environment (i.e., external environment), PESTLE analysis is considered to be the most appropriate as suggested by Kotler and Armstrong (2010).
1. Describe J.C; Penney 's culture before and during Johnson 's time in the organization. What were the attributes that Johnson changed, and how did this impact the culture and success of J.C. Penney? J.C. Penney’s culture was based on transparency and loyalty before the entry of Ron Johnson.
BLOCKBUSTER ACQUIRES MOVIELINK: A GROWTH STRATEGY? Blockbuster Inc. was founded in 1985 and headquartered in Dallas, Texas and is a leading global provider of in-home movie and game entertainment with over 8,000 stores throughout the Americas, Europe, Asia, and Australia. Blockbuster was one of the strongest and most recognizable entertainment brands in the world to offer movies, video games, and other forms media entertainment on a subscription basis.
Chouaib Elhajjaji Written assignment 3:“Corporate Culture at Herschend Family Entertainment” pages 318 – 320 (Questions 1-5) Due Date : Wednesday 25 November , 2015 GRADE_________________ 1-The characteristics of corporate culture elaborated in this chapter were the following. Corporate culture is shared, a provider of guidance, a provider of meaning in the organization, top heavy, a constellation of values, a dynamic constellation of values, organic, inclusive of life values. Choose three of these characteristics and show how the culture Manby promotes at Herschend Family Entertainment relates with each one.
Vision and Mission Statements In my company we have a mission statement which is in line with our strategic plan. I always try to provide them a basic structure or basis behind ourplan so staff should know everything and believe in it. Even everyone can read our vision, mission and values on our Optus website.
Recognizing an organization’s mission and values in the strategic planning process is always the first step. To a few organizations, this step would include revisiting and occasionally reworking the mission and values if necessary. To some organizations, it would be the first time they are sitting their mission and values. “Mission statements define the nature, purpose, and role of organizations; focus resources; and guide planning” (Keeling 213). They represent the route wherein the organization is proceeding.
In this segment we will discuss about the external forces of the company that are not controllable (Keegan and Keegan, 1989). PESTLE analysis will be an effective tool here to analyze the factors. 2.1.1 PESTLE Analysis PESTLE is a very effective macro environmental tool containing six important factor. Political Factors In India political factor is very vulnerable.
The Importance of a Company’s Culture The culture of a company is one of the most important and sometimes overlooked factors in an organization. The culture can increase employee engagement and increase productivity which will allow a company to reach its goals, “From productivity and engagement in the organization’s day-to-day, to an employer brand that naturally fuels recruiting efforts, to creating a lasting brand that customers immediately recognize, there’s no escaping it – culture radiates outward into the marketplace” (Straz 2015). The culture can have a great impact on the employees. Employees thrive in a positive working environment and the ability to engage with their managers without fear of retaliation.
How Sustainable is Apple’s Competitive position Introduction Apple started out simply as a computer company producing Macintosh computers and software, but has since evolved over the years to manufacture other products. It introduced iPods in 2001 for music players, in 2007, it started producing iPhones. Its products are consumer oriented and this has contributed to the success of the company. Apple also views innovation as basis of survival and business development (Yoffie, 2012).
Apple Company Apple Inc. is a private company, and it is one of the world 's most famous technology and computer companies, located in the United States of America. It is a multi-national company. Its main business depends on specialization in manufacturing, producing, developing, improving and selling software, smartphones, computers; It has a series of electronic devices, such as iPad, iPhone and Mac. The origin of Apple Company Founded by Steve Jobs and his co-pilot Steve Wozniak, Apple Computer was able to design a computer in the form of the beginning of Apple computers in the time period Between the years 1981 to 1985; since 2005 until now, Apple has seen many developments; successive successes.
Competitive strategy is a suit of methods and action sequence deliberately planned and put into place by companies in the face of market competition. This seems to be a clear way of keeping their market shares, expanding sales and managing the product lines to deliver desired results. The corporate world often needs some sorts of solid strategies considering the trends of the market competition. Beyond the issues of quality and distribution, companies often need to plan ahead and protect their market share in the sale.
Competitive advantage is when two or more firms compete within the same markets, one firm possess a competitive advantage over its rival when it earns (or has potential to earn) a persistently higher rate of profit. There are three types of competitive advantage. a) Cost leadership strategy occurs when a firm a delivers the same services as its rivals but at a lower price. b) The differentiation strategy occurs when a firm delivers greater services for the same price of its rivals. c) Focus strategy is a focused approach requires the firm to concentrate along one specific segment either a cost leadership or a specialization strategy.
When a company is competing through its differentiation advantage; it would try to carry out its activities in a much better manner than the
1.0 Introduction to Strategic Management Strategic management practices the formation; achievement and reaching the major objectives executed by the management of the company, by considering the capital and a task of the internal and external environments in which the company wishes to compete. 1.1 Introduction to Singapore Airlines Singapore Airlines (SIA) is established in year 1972 with remarkable performance among its competitors in the industry throughout its 35-year-long history till date (Heracleous & Wirtz, 2009). According to Singapore Airlines (2014), SIA is one of the youngest aircraft fleets worldwide to destinations crossing a network of more six continents, with its iconic Singapore Girl providing excellent standard of service to customers. Throughout the years of operations, SIA has an impressive ever-growing list of industry 's leading innovations such as offering free headsets along with a choice of meals and drinks in Economy Class in the 1970s, followed by introducing satellite based in-flight telephones in year 1991, involving an ample panel of renowned chefs, the International Culinary Panel, to provide lush in-flight meals in year 1998, developing audio and video on demand (AVOD) capabilities on KrisWorld in year 2001, and lastly flying the airbus of A380 from Singapore to Sydney on 25 October 2007 (Singapore Airlines, 2014).
PESTLE analysis is include of political, economic, social, technological, legal and environmental factors. PESTLE is a business tool that used by companies to track and analyse the macro environment in which the company operate. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. The first factor is political factor which include such as law of land, taxation policies, rules and regulation, trade restriction and so on.