Strategy dynamics

Officer (CEO) responsible in controlling the function of these three departments. CEO has the duties of driving the company’s vision, mission and objectives. Besides, CEO must be able to lead the business well and able to develop and implement overall strategy in the business performance. Qualifications of Chief Executive Officer (CEO): - He or she must graduate in Master’s degree in Business Administration or related field. - He or she must require at least 5 years of working experience in…

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…

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…

Reading Synthesis Both articles What is Strategy and Firm Resources and Sustained Competitive Advantage focus on the importance of strategic decisions in business from two different perspectives. What is Strategy carefully assess and breaks down the meaning of strategy, while Firm Resources and Sustained Competitive Advantage discusses sources of competitive advantage as it relates to strategy. As we move further, we will examine both articles and how they relate to each other from different…

Porter’s Five Forces Model The main purpose of using Porter’s 5 Forces is to determine the attractiveness of an industry and provide a starting point where a strategy can be formulated in understanding the competitiveness of other companies in operation (Porter, 1985). Competition/ Industry Rivalry As already noted, the consultancy industry is widely flooded and only the best firms offering business solutions are likely to service. As already indicated earlier, the big players of the industry…