Strategy pattern

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…

rivals or competitors. 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…

the overall degree of switching costs. Most importantly, the reports generated by the marketing information system will assist the organization to differentiate its products theirs by enhancing their appeal. (Lientz, 2011). The application of that strategy is likely to ensure that the organization manages to stay ahead of the…

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…

research ideas. Legal is a narrow look at possible legislation coming forward, along with already passed legislation that can affect the organization. Environmental issues are factors relating to the political or social climate. “Unlike SWOT this strategy is more directly aimed at the external macro environmental factors that might be affecting the position of your business, the reason behind growth or decline in the market and also identify new directions for the business as a whole” (SWOT…