4 FORMULATION OF STRATEGY FOR THE SELECTED COMPANY (NALCO) 4.1 Formulations of the strategic options According to Wheelen and Hunger (2012, pp. 182), the TOWS matrix illustrates how the external opportunities and threats facing a particular corporation can be matched with that company’s internal strengths and weaknesses to result in four sets of possible strategic alternatives. Weihrich (1982) developed TOWS as the next step of SWOT in developing alternative strategies. The authors Ravanavar and Charanthimath (2012), further reinforced that, TOWS matrix provides the means to develop strategies based on logical combinations of factors relate to internal strengths (or weaknesses) with factors related to external opportunities (or threats). TOWS matrix identifies four conceptually distinct strategic groups: (1) Strength-Opportunity (SO), (2) Strength-Threats (ST), (3) Weaknesses-Opportunities (WO), and (4) Weaknesses-Threats (WT), for creating the alternative strategies.
Fourthly, the paper discusses the limitations of the community development theory. Finally, the paper concludes with an analysis of the aims of the practice and the extent to which processes employed and the outcomes achieved could be considered effective practice. Developmental community work is a systematic approach that may be used in a variety of contexts. Lathouras (2010) informs the reader the approach to development practice is grounded in working with
It is the procedure of initialising the customized experience for the user of a website.The visitors are associated with the tailored need and desires by the website to give them unique experience . Examples of web personalization are as follows: 1. Greet user by name 2. Remember their last shopping 3. Remember preferred shipping address and credit card’ 4.
A review of existing IT Audit Committee Charters shows the following typical qualities: 1. Evaluation, examine and make suggestions on technology-based problems of importance to business. o Appraise and seriously evaluate the financial, strategic and tactical advantages of proposed major innovation related jobs and innovation architecture
2. JOB SATISFACTION DEFINITION Job satisfaction can be defined as a response which cannot be seen but inferred to a situation. Job satisfaction shows our attitude towards the job and is associated with the outcomes and expectations. According to Locke, it is “a pleasurable or positive emotional state resulting from the appraisal of one’s job or job experience”. Job satisfaction is an outcome of employee’s perception of how well their job provides those things that are viewed as important.
TRA has been applied to explain the behavior beyond the acceptance of technology and includes four general concepts: behavioral attitudes, subjective norms, intention to use and actual use. It argues that individuals evaluate the consequences of a particular behavior and create intentions to act that are consistent with their evaluations. A particularly helpful aspect of TRA from a technology perspective is its assertion that any other factor that influences behavior does so only indirectly by influencing attitude and subjective norms. Such variables would include, amongst others things, the system design characteristics, user characteristics (including cognitive styles and other personality variables) and task characteristics. TRA is a very
What role do the Stakeholder Management processes play in determining stakeholder communication needs and developing an effective communication strategy? Stakeholder management is a crucial part of the strategic management of organization. Stakeholder management is the systematic, planning, analysis and implementation of actions to reduce the risk or negative impact and increase positive impact. Different objectives, interests and expectations of stakeholders directly contributes to the success of the project. (Aaltonen, 2011; Cleland, 1986; Jepsen & Eskerod, 2009.