Blue Ocean Strategy

INTRODUCTION A business is important in developing a country’s economy. It creates jobs for unemployment and provide goods and services to meet the local needs. Business is an organization that entity engaged in commercial, industrial or professional activities (Investopedia, 2015). There have three types of business, which is a for-profit organizations such as a publicly-traded corporation, non-profit organizations are called ‘administrators’, and also mutual-benefit organizations are known…

Planning sets the foundation of an organization and is one of the most fundamental components of business operations. Resource planning provides business leaders with an opportunity to develop strong strategic decisions through clear direction, collecting and analyzing information, anticipating problems, and managing change. Additionally, resource planning involves the internal analysis within the organization and the external analysis of the industry and its competitive environment.…

Simulation has become a popular research tool in process management, particularly for process flow optimisation. According to Maria 1 ”A simulation of a system is the operation of a model of the system”. It presents a lucrative mechanism for problem-solving particularly for complex and unmanageable problems. It is a flexible methodology that can be used to examine the performance of proposed business activities and observe their interactions with other components. Simulation can offer insight to…

I chose The Operations Support Group for my developmental assignment they are responsible for project management of boundary and revenue metering contracts for the region. While performing my duties I learned the tenants of project management I identified the scope of projects, procured the resources, set timelines, studied contracts, negotiated equipment usage with customers, and worked with customers for solutions. My assignment spanned from October 14th till November 14th during this time I…

Dear Paula, I agree with you when you say that outsourcing is one of the features to consider in the company policy. But, if the enterprises are looking for hire people overseas, here is when the low cost could be a trap. As an instance of this is whether all the companies decide to make it outside of Australia. The result in the full employment assumption rate, in the Australia, will be terrible. Because many national workers will have to change their jobs or will lose it. It means a…

to gain further insight on the structure and characteristics of how a national strategy document is comprised. What are the desired characteristics of a national strategy document? First off, I think it’s important to recognize that these desired characteristics are not the end all, be all, rather it’s just a starting point that provides some direction for strategy. The desired characteristics of a national strategy document are Purpose, scope, and methodology, Problem definition and risk…

a major impact on developing a new product line for your business. Strategic planning is where you determine what sets your business apart from everyone else. For example, if Grant Enterprises created natural hair products, they must produce a strategy that is different for the natural hair vendor that is called As I Am. Quality is everything. People will always quality over quantity. Starbucks is one of the top coffee shops in the world. A lot of people would wait in a long Starbucks line…

Integration Strategies Strategic integration is the steady mix and change of independent segments of business associations into durable and synergistic elements. Strategic integration is an imperative component during the time spent enhancing hierarchical execution in light of the fact that it encourages the ceaseless arrangement of business procedures inside of the always showing signs of change business environment. At the point when an organization grows its business into regions that are at…

A successful marketing strategy provides structure, the appropriate resources, employees, and leadership for implementation. Applying these tools to an organization’s brand or service will ensure the organization will stay ahead and current of its competition. Marketing strategies operate on how an organization performs when marketing a product to consumer needs and wants. Although this will allow organizations to reach the top of its competitors, sometimes market strategies can fail an…

Strategic leadership is the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change when necessary. It is the process of providing the direction, co-ordination, and inspiration when needed to create or sustain a progressive organization. Simplified, it involves managing others, managing an entire enterprise, coping with and planning for change, managing capital, and being able to meaningfully influence all others in the workforce. A strategic…