Corporate strategy is related to the other organizational strategies because growth and success is very essential in any organization. However, corporate strategy establishes the overall direction that an organization hopes to go. Whereas, the functional and competitive strategies provide the organization…
A customer life cycle normally used to manage and maintain the relationship of the customer with the company. This relationship is between two people, there are three stages in the customer lifecycle with different phases of activity. The first stage is customer acquisition. The process of customer acquisition refers to acquiring new customers to the company. In the words, this is a strategy using by the company to gaining new customers include persuade customers to buy the products and…
management control. Merchant and Van Der Stede (2007) agrees that management control is a significant function in an organisation. Absence of management control could result to large financial loses, reputational damage and even to decline in organizational life-cycle. Consequently, both strategic and management control is essential to keep strategy achievement in its right course. Furthermore, several practical tools are identified which are helpful while implementing strategy, for example…
First and foremost, as Mcshane and Von Glinow state that Hillton’s, “organizational culture could be described as one of entitlement and comfort” (McShane and Von Glinow,2013, p426). When an organization shows signs of this in the initial stages of growth, one may question the longevity of this occurring. Shared assumptions may be a more definable term to use when analyzing everything that is occurring within Hillton’s corporate culture. One must also keep in mind as McShane and Von Glinow…
Strategic analysis A major challenge for any organization in the twenty-first century is to strive to maintain and improve performance in global operating environment that is increasingly complex and competitive, where pressure changes appeared to offer the only certainty. While pursuing, over the past two decades, Total Quality Management (TQM), Business Process Reengineering (BPR) and the recent Enterprise Resource Planning (ERP), to name just three of the more popular management in the holy…
Various structural inhibitors diminish the effectiveness of organizational teamwork. In healthcare, effective team building can increase productivity and tackle ongoing problems. While dealing with issues, a team of collective backgrounds can achieve success for the organization. It may often take multiple interventions for a team to build trust and deliver productive ideas. One important component for leaders to consider are the various inhibitors to a successful team. These conflicts arise…
Introduction While companies endeavor to gain a competitive advantage over their industry and market rivals, the general business environment is becoming more challenging and uncertain. Unlike in the last few decades ago, today’s global business environment is very challenging than ever before. Technology is changing at an alarming speed, competition in the marketplace is steepening, and the general economic environment is becoming tighter. These and other trends make strategies that companies…
company failure, as it was happening from the top of the corporation to the bottom. The executive level managers created an organizational culture supporting unethical behavior which lead the lower level employees to obey the laws and act unethically in their process of reaching the company goals and objectives. The Enron example illuminates the importance of appropriate organizational behavior and points out to the ethical part of it. This essay argues that, Enron, the Smartest People in the…
The organizational culture established by Sam Walton had fundamental elements that were key to Walmart’s success. He understood the importance of treating associates with dignity and respect and how the organizational behavior could affect the overall outcome and success of the business. The organizational culture of low cost, high margin has allowed it to become one of the largest companies in the world. While one would consider Walmart successful as far as revenue is concerned, many would…
Managing Change at NASA For NASA, by the end of 1985, the need for change would begin to unfold as communication breakdown among its people began to take place (Palmer, Dunford & Akin, 2009). The need for change was not recognized until disaster struck and investigative results identified key information as to the need for change (Palmer, Dunford & Akin, 2009). The Space Shuttle Challenger explosion in early 1986 was the first costly event which resulted from communication breakdown. After…