Strategic Management is comprised of the decisions and actions that yield the formulation and implementation of a plan designed to achieve an organizations goals (Pearce & Robinson, 2011, p. 3). When leaders utilizing and implement the topics involved in this subject matter, organizational and managerial success will come to fruition. The following information will be more detailed than module 1, since the course has been complete. Moreover, a presentation of how module 1 's discussion would change after completing the coursework, in addition to, how the theories connect to Haier’s situation.
As a reminder to the initial assignment, the Hair article which is titled, China’s Jack Welch Rethinks Management Strategies will be reviewed. The article …show more content…
279). As mentioned above the organization was a money pit at one point, thus implementing 2 grad strategies, turnaround and, divesture would right size this problem. A turnaround strategy constitutes reducing cost and assets in order to survive from poor profits or performance (Pearce & Robinson, 2011, p. 199). For instance, the firm could lay off employees, mostly mid-level managers, in order to reduce cost. In fact, the organization laid off 16,000 employees in total. Additionally, the company could also execute a joint venture with Liebherr, a refrigerator and technology company, in order to reduce the amount of assets and capital needed to run the organization. The purpose of the joint venture allows the two organizations to work together for a mutual benefit, as well as, enables growth and profitability without having to borrow much capital. Moreover, the joint ventures helps to reduce risk, thus Hair can utilize the JV short term or until its operations turnaround. The company divesture strategy could include considering operations in Indonesia, Malaysia, and the Philippines as they are losing market share to the local organizations and profitability is not realized. …show more content…
This class will afford me the opportunity to evaluate an organizations internal and external environment, match the resources in the appropriate fashion, and set short and long term objectives that will drive success and sustainability for an organization. Additionally, this class will prepare me to be a more effective, proficient, and competent leader, who can change the culture and direction of the organization by working with and through people. After completing this class, I will attempt to implement some of the key learning skills within my SBU, as well as, interject my opinions in regional meetings. By completing these tasks, further skill development and understanding of the coarse topics will be realized and
As a reminder to the initial assignment, the Hair article which is titled, China’s Jack Welch Rethinks Management Strategies will be reviewed. The article …show more content…
279). As mentioned above the organization was a money pit at one point, thus implementing 2 grad strategies, turnaround and, divesture would right size this problem. A turnaround strategy constitutes reducing cost and assets in order to survive from poor profits or performance (Pearce & Robinson, 2011, p. 199). For instance, the firm could lay off employees, mostly mid-level managers, in order to reduce cost. In fact, the organization laid off 16,000 employees in total. Additionally, the company could also execute a joint venture with Liebherr, a refrigerator and technology company, in order to reduce the amount of assets and capital needed to run the organization. The purpose of the joint venture allows the two organizations to work together for a mutual benefit, as well as, enables growth and profitability without having to borrow much capital. Moreover, the joint ventures helps to reduce risk, thus Hair can utilize the JV short term or until its operations turnaround. The company divesture strategy could include considering operations in Indonesia, Malaysia, and the Philippines as they are losing market share to the local organizations and profitability is not realized. …show more content…
This class will afford me the opportunity to evaluate an organizations internal and external environment, match the resources in the appropriate fashion, and set short and long term objectives that will drive success and sustainability for an organization. Additionally, this class will prepare me to be a more effective, proficient, and competent leader, who can change the culture and direction of the organization by working with and through people. After completing this class, I will attempt to implement some of the key learning skills within my SBU, as well as, interject my opinions in regional meetings. By completing these tasks, further skill development and understanding of the coarse topics will be realized and