ipl-logo

Strategic Fit Essay

1985 Words8 Pages

1.1 Introduction

It is imperative for organisations to strategize in order to manage themselves and their projects proactively with emphasis on long-term strategy. Strategic decisions must be planned and executed carefully in order to help businesses be more competitive, be more profitable and ultimately to ensure its continued existence. Bearing in mind our topic, Strategies employed by organisations in the contemporary business environment and their strategic fit, this report will attempt to shed more light on the strategic activities of some of the largest organisations in South Africa. The contemporary business environment, not only in South Africa, but also in the rest of the world, has changed significantly because of developments …show more content…

1.3 Problem Statement

Businesses in the contemporary business environment employ different strategies in their efforts to achieve strategic fit. This is true for businesses all over the world, including in Southern Africa. Do businesses in South Africa, particularly in the very competitive apparel retail and heavy construction industries, gather and utilize their different resources, whether human capital, technology, information or money, to address their obstacles strategically and ultimately achieve strategic fit?

1.4 Objectives of this Study

1.4.1 The Primary Objective of this Study

To investigate the strategies which organisations in the apparel retail and heavy construction sectors in South African incorporate to achieve strategic …show more content…

Mintzberg (1987: 11) establishes a very prominent standard in his research regarding strategy using his Five Ps for Strategy that explains strategy as “a plan, ploy, pattern, position, and perspective”, with some of these theories being interrelated. According to Hitt, Hoskinson, and Ireland (2004: 4) the strategic management process is “the full set of commitments, decisions, and actions required for a firm to create value and earn above-average returns”. Dess, Lumpkin, and Eisner (2014: 4) several years later, concur with this theory and elaborate by saying that “strategic management is consisting of the analysis, decisions, and actions, an organization undertakes in order to create and sustain a competitive

Show More
Related

  • Advantages And Disadvantages Of Clinical Integration In The Strategic Planning Process

    1249 Words  | 5 Pages

    Physicians and Hospitals go hand in hand when it comes to the medical care of patients, and it is this relationship that allows the patients to receive the care they need and deserve. It is also this relationship that we as health care administrators need to understand. In order to fully understand this relationship we need to define the concept of the integrated physician model. We also need to explain the importance of clinical integration in the strategic planning process, and the dynamics of and controversies surrounding accountable care organizations and alternative approaches to the current health system. I will also explain the advantages and disadvantages for hospitals and physician’s models.

    Read More

  • Fit Quest Project: Case Study

    866 Words  | 4 Pages

    Completing the “Fit Quest Project” has taught me many things about fitness and how to stay fit and healthy for the rest of my life. My role for the project was to be the Recreation Director and share the role of. A Recreation Director is responsible for researching, planning, and implementing programmed physical activities for individuals or groups. I came up with 2 lifelong activities: Skiing and Surfing. The physical benefits of these 2 exercising techniques all fit exactly what Angela needs to do to stay in shape.

    Read More

  • Case Study Of Target's Stakeholders

    1172 Words  | 5 Pages

    Know Your Business Environment Unit No. 1: The Business Environment Pervez Ghazi Shaikh Date Submitted: 31/10/2016 Carl Loraine Cruz 20154176   Target is the organization that I have chosen for this assignment. Target is a famous discount retailer in United States that was founded by George Dayton. It was formerly called Dayton’s Company in 1910.

    Read More

  • The Strategic Change Cycle

    1852 Words  | 8 Pages

    Abstract The strategic change cycle is one of the processes within strategic planning. This cycle is a ten-step process created to assist organizations in meeting their mandates, satisfying their missions, and constructing public value. “Strategic planning is intended to enhance an organization’s ability to think, act, and learn strategically” (Bryson & Alston, 2011). Introduction Strategic planning is “a deliberate, disciplined effort to produce fundamental decisions and actions that shape and guide what an organization (or other Entity) is, what it does, and why it does it” (Bryson & Alston, 2011).

    Read More

  • Case Study: Target Corporation

    882 Words  | 4 Pages

    Process and tools Target Corporation uses tolls and process for product safety and quality assurance. The company assesses a program for risk –based product safety and quality at every stage in the product life cycle, from development through the life of brand product. Target global team implement a program across 36 countries and 2228 factories producing target product, during the process will require independent third-party testing to validate safety and quality before the guests purchase product. the vendor in the company are expected to employ best practices, including clearly defined and well-documented manufacturing and quality processes including staff training , and record keeping. What does the TC required to do the job?

    Read More

  • ASOS Business Model

    1495 Words  | 6 Pages

    It can be said that by means of organisation’s competitive strategy, it can achieve an upper hand in the business market over its rivals. Competitive Advantage offers a beneficial position to business organisations over rivals in regards of some measure like expense, quality, or velocity. An efficient strategy can help an organisation to achieve an upper hand through commitment to its strategic objectives and the capacity to significantly expand execution and profitability (Bartlett & Ghoshal,

    Read More

  • Stakeholder Analysis: Lockheed Martin Corporation

    1461 Words  | 6 Pages

    In a competitive world market, businesses must have a thorough understanding of the processes and systems used within the company in order to determine whose interests need to be taken into account when implementing policies and/or programs. This stakeholder analysis is integral to growth and development. For large corporations which have multiple divisions and companies within their corporate structure it is essential to look at all aspects of the business model to identify stakeholders. Establishing the given responsibilities of the various divisions and the direct role they play in the economic success of the firm must also be considered. Many of the largest and most lucrative corporations in the world are those related to supporting military

    Read More

  • Case Study Of Under Armour

    3092 Words  | 13 Pages

    Under Armour: Working to Stay on Top of Its Game Lulu M. Mero Webster University Abstract This paper explores the case study found in the Strategic Management: Competitiveness & Globalization (10th ed) under the authors of the book, Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson. The title of the case is “Under Armour: Working to stay on Top of Its Game” which analyzes fully the portfolio of the company. Under Armour is an apparel firm that faces some competition and it constantly has to revise its business strategy to stay on top of the market. This case study discloses the company’s history, growth, product and sales profile, major competitors, management, marketing, business strategy, and strategic challenges.

    Read More

  • Mattel Case Study Strategic Management

    1701 Words  | 7 Pages

    1. Introduction Launched out of a garage workshop in southern California, the first Mattel products were picture frames. Moving on from doll house furniture made from picture frame scraps, the company invested its interest in toys. Barbie and Hot Wheels are among the largest commercial successes Mattel has to its name. Mattel went public in 1960 and joined the Fortune 500 in 1965 with sales of more than $100 million. Mattel went on to acquire brands like Fischer-Price, Tyco toys and American Girl and emerged as a parent company with seven subsidiaries.

    Read More

  • Business Strategy Case Study: Lululemon Athletica

    1008 Words  | 5 Pages

    In the startup phase of Lululemon Athletica they had a high bargaining power. This was due to a desire to work with leading fabric suppliers and increased investments. A majority of their apparel production was in Asia however they are willing to use Canada as well as the United States for production facilities as they are required. There are many suppliers competing for retailer’s business. Common materials used in apparel making such as rubber and cotton are readily available.

    Read More

  • Bark & Co.: Company Analysis

    879 Words  | 4 Pages

    Bark & Co. is a company founded by Matt Meeker, Henrik Werdelin and Carly Strife. The company owns several products – the initial and probably best known is ‘BarkBox’. Due to BarkBox’s success, the company Bark & Co. was created, which dedicates to build products that promote health and happiness of dogs everywhere (BarkShop, 2014). It was launched in December 2011 and had reached $25M in revenue by June 2013 with 100,000 subscribers (Fueled, 2013). Like illustrated in Figure 2, Bark & Co. has different businesses: ‘BarkPost’ is a dog content website that has the capability of receiving over 400,000 visitors monthly, ‘BarkCare’ is a dog health mobile application that can be reached 24 hours 7 days a week for vet consultation service (D’Onfro,

    Read More

  • Lenovo Essay

    937 Words  | 4 Pages

    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.

    Read More

  • Nandos Micro Environment

    1587 Words  | 7 Pages

    Executive Summary This report complies of an extensive study of Nando’s South Africa. A brief background of Nando’s is provided. A SWOT analysis is used to scan the micro environment of Nando’s to identify the businesses strengths, which should be exploited to gain a competitive advantage, weaknesses, where strategies need to be implemented so not to lose customers , opportunities, where strategies to exploit these ideas to gain a competitive advantage need to be identified and implemented and threats, where strategies need to be implemented so the business is not negatively affected. The Porters Six Forces model is used to scan the challenges Nando’s faces in the market environment by looking at level of rivalry in the market, the threat

    Read More

  • Samsung: A Case Study: Cost Structure Of Samsung

    850 Words  | 4 Pages

     COST STRUCTURE OF SAMSUNG Low cost structure of Samsung and high responsiveness to economic events has made Samsung more competitive. For example, initially Samsung focused more on volume and domination on market rather than increasing profitability. However, in 1990s, during the Asian financial crisis, Samsung cut costs and reemphasized product quality and manufacturing flexibility, which allowed its consumer electronics move from project phase to store shelves within next six months. Under the resources-based view of strategic management, effective resources available to a firm, as well as the competency of a firm is responsible in affecting competitive advantage received by a firm.

    Read More

  • Kfc Differentiation Strategy

    900 Words  | 4 Pages

    He emphasized that businesses should strive to achieve one of the generic strategies in order to achieve a competitive advantage but Henry Mintzberg disagreed with this idea and in 1994, came up with the concept of Emergent Strategy. He argued that the organisations with constantly changing business environments need to be flexible in order to benefit from various opportunities. In his article “The fall and rise of strategic planning” Mintzberg argues that strategic planning often spoils strategic thinking, causing managers to confuse real vision with the manipulation of numbers (Mintzberg, 1994). He adds “Strategic planning, as it has been practiced, has really been strategic programming, the articulation and elaboration of strategies, or visions, that already exists”.

    Read More

More about Strategic Fit Essay

Open Document