Porter generic strategies

1. In the concept of visionary leadership elements, what is meant by establishing vision? Establishing a vision means to have a strong vision or picture as to where the organization or department is heading. A vision is used as a map that both leaders and employees can follow. Leaders who do not have a strong or clear picture as to where the organization or department is heading cannot share that vision with those with whom they interact and work. (p. 80) 2. In the concept of visionary…

Mission and Vision Statement. Another component of corporate identity is the organization’s mission statement, this statement asks the question why are we here? Likewise, the vision statement defines the organization’s future aspirations and will galvanize the workforce towards common shared goals. Therefore, these statements are the ideology and philosophy that’s espouses the worldview of the organization, and shapes the organizational behavior (Kopaneva, & Sias, 2015). This tangible form…

Key failure factors: 1) Inadequate planning for BPR project: Top management did not clearly initiate the problems of exsiting business processes and make investment decision based on vendor promises and market share of the software. In this case, top management did not clearly identify the relationship between the existing business processes and the implementation of HPT. 2) Lack of process rethinking and redesign: People were used to the old processes, but not willing to change the original…

1. What are the similarities and differences between Leadership, Management and Command? Leadership, Management and Command are three distinctive and at the same time, interrelated systems of action, which are necessary for success, especially in a complex military environment. Leadership is mostly concerned with motivation, inspiration and alignment of the people, while command, in…

Robina Corporation to its closest competitors. It aims to create strategies for the company to maintain the strong image and its strong financial condition. It will serve as a guide for the company about the factors that they need to take into consideration for the coming years. With the result of the comparison of the financial statements of Universal Robina Corporation and its two closest competitors, it resulted in long-term strategies that might be useful for the company. The research done…

Grunig’s Excellence theory, developed in the 1970s and 1980s, posits an umbrella concept which intends to explain the value of public relations as well as its mechanisms within the organization and with its external stakeholders (Grunig, 2008). The model revolves around the assurance that decisions made by companies consider the stakes and benefits between the organizations itself and its stakeholders. The most essential element of the Excellence theory is the degree to which a public relations…

3. Why is it so important for business? 3.1 Starting up the business. The importance of business planning is that it helps an organisation to summarise all aspects of the enterprise. The existence of business plan overviews and summarises the following points about the company: • Where it has come from. • Where it is now. • Where it is going in the future. • How it intends to get there. • How much money it needs to fulfil its plans. • What makes it likely to succeed. • What threats or…

Salient features of the 7th hat are alignment with strategy, doing the right thing, doing things the right way, when to begin and when to end, improving the likelihood of intended outcomes, etc. The seventh hat calls for execution – how will we get it done? It covers high-level who, what, when, and how. Too often, these are the questions that are left for later. Questions you might have while wearing the seventh hat: • Is this strategy practical? • Is my organization ready for a change of…

Introduction This essay will talk about the backbone of a project: the business case theme. The business case theme is firmly related to the continued business justification principle. As Turley states (2010), this principle recommends that before and during a project we should evaluate whether the project is desirable, viable and achievable. It signifies that the project needs to be profitable and the use of time and resources should be justified. This essay will analyze the similarities and…

Competitive advantage is (Warf, 2010. p. 559) “an improvement on the traditional theory of comparative advantage”. Sustainable competitive advantage is considered (Baaij, Greeven and Van Dalen, 2004) a cornerstone concept in strategy practice and research. In his influential book Michael Porter (1985a) identified the principles of competitive advantage which are namely a) cost advantage, b) differentiation and c) focus. Furthermore, technology, innovation, dynamic capabilities, business…