Proposed Solutions, Recommendations and Action Plans International Business Problems Problem 1: Pressure to comply with international regulations rather than the internal mechanism that create value and enhance safety. Adopt strategic management practices that focus on enhancing the internal business environment, Constitute a special management taskforce to deal with the external...
Evaluating one’s work in the context of studying a certain discipline is expected to reveal the contribution of a student to the body of knowledge. The assessment of competencies developed during a course implies the synthesis of conceptual theories and principles that relate to a given specialization. Not only such...
Introduction Strategic Human resource management (SHRM) is a concept that had been advanced more recently by human resource specialist that recognize employee as key factor to the success of the organization (Pinnington and Edwards, 2000). SHRM is different from traditional personnel management in that it recognizes the need to incorporate...
Introduction This paper examines the usefulness of the balanced scorecard in measuring the success of an organization. Performance measurement is a critical success factor for any organization, particularly in the competition-driven market. The concept of performance assessment refers to the process of gathering, analyzing, and reporting information on the extent...
Introduction Strategic management is an important concept that can help companies to succeed in the current business environment. Chapter 1 of the present paper will define and explain strategic management theories. Chapter 2 will discuss Porter’s Five Forces, which are among the key tools in strategic management. Chapter 3 will...
Introduction Change in strategic management results in changes in the organization which need to be implemented carefully. This implementation is believed to be a prerogative of leaders in the organization. Moreover, these leaders are required to form coalition teams that should oversee the implementation process. However, in the implementation process,...
Department Of Training and Workforce Development The Department Of Training and Workforce Development is a West Australian policy development organization that serves to support the State’s sustained economic expansion by leading and coordinating workforce development strategies and driving a responsive, flexible training system within a State and national framework. It...
Introduction According to Adkins (2005), “a human resource strategic plan must align an organization’s human resources with its direction and priorities”. An organization’s human resources are considered the pillars supporting a business’ strategy. To fulfill its objectives, a business must ensure every member of the organization is well informed on...
Abstract The economy usually operates on cycles and so do the environmental features of businesses thereby demanding managers to be always alert and on the lookout for any changes (Balogun& Hope-Hailey, 2008). Both the external and internal environments are dynamic and hence it is not right to assume that business...
Project procurement managers can point out the importance of their projects and defend them against budget cuts (Stover 2009). Proper records of performance benchmarks and projections would play an important role. They validate future return on investment, which would be an innovative preparation by a company for the period after...
Introduction The content by the researcher is articulate and clearly explains that strategy and planning serve as a backbone for which many organizations can be able to carry out their operations efficiently so as to achieve their corporate goals (Towers 2008, 44). This document clearly demonstrates a clear understanding of...
Introduction During the past twenty years, several lesser economically developed countries have become much aware of the importance of technological progress, acknowledging that economic development is unattainable without consideration of technological progress. Thus, across various sectors, several attempts are being made to modernize industrial processing technologies with innovations. Furthermore, those...
Abstract Recently there has been enhanced interest in the belief that in complying with the demand of technological changes, firms will perform much better if they vertically integrate new technologies. Theorists also claim that firms that continue to vertically integrate into the old technologies will not perform well and lag...
Introduction Management being such a wide concept is not devoid of controversies. They range from management controversies, strategy, to the application of the same. This essay focuses on controversies surrounding the application of management strategy in both the private and public sectors. Defining controversy has not been an easy task...
Strategic Management The success of any business organization depends on the ability of management to identify a viable strategic business management plan. Strategic management in business entails drafting, evaluating, and implementing specific steps that would help the business attain its long- term objectives (Afuah, 1998, p. 120). In addition, the...
Introduction Open innovation can be defined as the “use of purposive inflows and outflows of knowledge do accelerate internal innovation, and expand the markets for external use of innovation, respectively” (Chesbrough, 2006b). The provided definition suggests that open innovation is simpler than it actually is after digging a bit deeper...
Abstract The following dissertation focuses on the development of a viable and suitable positioning strategy that is supported through the branding and the marketing initiatives taken by the UTC Plc Nigeria. The research undertaken in the dissertation conducts a qualitative analysis of the literature review as well as the primary...
There are different managerial decisions made by market structures that depend on firms in the industry, costs and customers’ demand, available information, and how other firms behave. Different firms use different means of advertisement and research and managerial decisions should be optimal and effective. Managers in their decision-making should know...
Abstract Disaster recovery planning – DRP and business continuity plan – BCP have become very crucial in the current scenario with increased threats from natural and man-made disasters. These disasters effectively wipe out the intellectual and soft assets of a company; taking it a few years back, if the entire...
Introduction The Research and Development sectors of a corporate are crucial to its success, or failure. Especially this is true if the company, or corporate, is competing, or willing to compete, in international markets. Having a highly organized and structured company helps in achieving long term goals of development and...
Introduction The DESERTEC project is a huge and long term project that will impact the environment and population of the countries of Europe and around the MENA region (Middle East and North Africa). It is an ambitious one for the so-called sun-belt countries that will involve construction of Concentrating Solar...
Introduction For any firm to succeed in its operations the compliance to industry norms is very important that is it must adhere to the rules of competition for market share within a particular industry. This always avoids unfair competition between firms in the same industry. However, sometimes a firm may...
Introduction Change is an organisation is a fundamental reality. In most firms, change is described as the process of shifting to a better position. Since change is a common event in organisations, companies are expected to provide concrete plans to anticipate such occurrences. The vitally of change is evident in...
Abstract There is no more dramatic or controversial activity in corporate finance than the acquisition of one firm by another or the merger of two firms. The acquisition of one firm by another occurs as a matter of investment made under uncertainty. The normal and basic ideology behind any scheme...
Definition of Criterion Variables We define the independent variable (IV) “volunteerism” operationally, first of all, as any manifestation of corporate support for community and other external activities that require giving of volunteer time and other resources. The first dependent variable (DV), job satisfaction, shall be measured with a job satisfaction...
Abstract The purpose of this strategic plan is to identify potential entry opportunities and strategies of an educational institute. The study includes a complete overview of the University of Sydney, range of specialisation in research, strengths, weaknesses, threats, and opportunities. Introduction This paper will establish a strategic plan of University...
Introduction Machco was started more than 100 years ago with invention of a steam-driven drill for mining and it is a multi-billion dollar machinery and equipment company. The company grew to great extends since it developed 45 plants all over the world. The company sold almost everything in the market...
Abstract Multi product strategy is the private disclosure of the companies with differentiated product line’s attributes. The discriminated multi-product implies multiple attributes to gaining consumer’s satisfaction and achieving the market share. The consumers’ response for each discriminated product should lead the firm to initiate different strategies. Extra diverse strategy would...
Modern business environment is marked by increased competition and ethical rules, new business models and corporate relations. If it can be agreed on that ethical behavior is legal behavior plus some other element, then it is important that this additional element be identified, if possible (O’Neill & Hern 1991). The...
Introduction Strategising is the one key component of management and organisational leadership. This aspect of management is critical for the growth, survival, competitiveness of business entities. The component is even more critical for Multinational corporations that face stern challenges that come with plying volatile and characteristically different global business markets...
Abstract Billions of dollars are spent each year, by firms of varying size and across different industrial verticals, on a software system class popularly labeled Enterprise Resource Planning (ERP). All the evidence points to the software class being solidly in the expansion phase of the product life cycle; that the...
Abstract There are many methods of business valuations available for various institutions in the world today and business analysis has become key element for any successive business. Business analysis methodologies have become of paramount importance to many business analysts. Business analysis methods have been also embraced in all manner of...
Abstract Most organization has gone international while others have chosen to develop within their countries. This involves setting of strategies and always setting or choosing a strategy is a complex process. Strategies like investments are set under conditions of uncertain i.e. strategy development is about the future and this future...
Introduction Before an analysis of the existing facilities to decide on the proposed product mix for the future, it becomes necessary to have an overview of the ‘Strategic Leadership’ which has contributed much to the growth of the division in terms of new product development as well as the improvement...
Abstract Corporate Venture Capital (CVC) is equity or equity-linked investments in young privately held companies where the investor is a financial intermediary of a non-financial corporation. While many entities offer finance for entrepreneurs, such as banks, venture capital, IPO, and others, CVC differs from them in the sense that its...
Executive Summary The marketing plan belongs to a firm that deals with the production of software. The firm has identified a new market niche in relation to the consumer buying process. In order to exploit this niche, the research and development department has designed new software that will produce an...
Dell Incorporation is one of the world’s most well known and reputed computer hardware manufacturers and computer distributors in the world operating successfully since the year 1984, when it was founded by Michael Dell. It is the world’s #1 giant computer vendor organization which deals in the direct sale of...
The Logic and Extent of Diversification for Wesfarmers’s Corporate Portfolio For every corporate to conduct its core business and forge forward strategically in future, there is need to have a more vibrant corporate portfolio that is designated to propel it in the operating environment. Usually, the environment is characterized with...
Apple Incorporated is a multinational business that specializes in the production and sale of software and electronic goods. This firm is renowned for manufacturing superior iPhones, iPods, and iPads. It is also popular for producing quality personal computers and laptops, including Macintosh. The iLife Suite, Mac OS X operating system,...
Introduction The strategy is an appropriate plan which was designed to accomplish the desired outcome, such as attaining a solution to the problem or goal. Very often, the resources are never enough. Limitation in resources forces the organization to develop a strategy. Therefore, a strategy is important when planning ways...
Introduction The acquisition is defined as the process where the assets or stocks of a company are bought entirely or partially by another company. Companies adopting growth strategies opt using acquisitions rather than expanding the existing structures (Pahl & Richter, 2009). When a company is acquired, the acquiring company may...
In this age of intense competition and globalization, firms should have an effective management information system to manage the vast information and data about consumers and their product preferences. With a well-programmed MIS, firms can easily reach out to customers and collect, understand, and assess external and internal information about...
The business Strategy of any company, like Able Corporation, determines how the goals of the company, be it be short term or long term, be achieved. Its formulation for any company brings upon four different important factors Product development, Market penetration, Market development, and diversification. All these four factors can...
Introduction In 1990 a great work to change the HRM system was started, which then resulted in a shift of role of the HR practinaires in the contemporary Australian business. The change was initiated through establishment of the united public sector. Australian HR practitioners had to focus not only on...
Executive Summary Riordan Company is well known for its plastic production which is distributed in major industries such as the aviation industry, automobile industry, and the bottlers of soft drinks. Over the past one and a half decade, there has been rapid globalization in businesses mostly led by the advanced...
Introduction Total Quality Management (TQM) is a strategic management concept that believes in building quality into the cultural fabric of an organization. A proper implementation of quality will ensure high product quality, increased productivity, lesser rejections and improve the bottom line of the company along with increasing the customer satisfaction....
Introduction Gap Inc is one of the most reputed brands in the world. The company is specialized in providing branded fashion accessories to customers. Gap Inc is specialized in the cloth business. The company was established in the year 1969. “The Company is a global specialty retailer operating retail and...
Introduction Wal-Mart is a public corporation of American origin that operates a chain of considerable, retail stores. It is rated as one of the largest corporations worldwide in terms of its revenue. Wal-Mart was founded in the year 1962 by Sam Walton and was later incorporated into the present Wal-Mart...
Introduction Organizational change is an essential procedure that allows companies to acquire or introduce new products, processes, or strategies. Leaders should consider emerging factors that have the potential to transform performance and maximize competitiveness. Companies that ignore these drivers of change will become either obsolete or less competitive. This paper...
Leadership and management are related in a way, but they are both different. While the manager, in French terms is a leader, an innovator, the inspirational type and an activist (Dex), a leader is the “broker” or “stabilizer” of the manager (Rex). For a manager to be effective, he must...
Strategic Information Systems Planning (SISP) can be defined as the process of choosing the appropriate computer-based applications for realizing business goals. SISP is regarded as an essential part of developing the business performance of an organization especially in times of the Internet. The introduction of the World Wide Web in...
Enormous successes and ground-breaking achievements in the technological field, the spread of technologies throughout all the spheres of human life are the most striking features of the world economy. Information technology becomes the fundamental element and the driving factor for the development of the modern postindustrial society. While offering vast...
Introduction In the corporate set up, businesses are encounter issues and crises that require the attention of the management team. In such cases, the management should be in a position to handle the emerging issues in a bid to improve an organisation’s public relations. The difference between issues and crises...
Introduction Strategy formulation is part of the strategic management process which is concerned with setting the direction of the firm. The formulation process of a strategy is concerned with defining the business, establishing strategic objectives and formulating a comprehensive strategy. The setting of organizational objectives should always begin with a...
Every business organization wants to achieve its goals. Every business organization should have an effective culture that uses evidence-based ideas and practices. Such ideas inform managers about the best strategies to address the issues affecting their organizations. An evaluative culture is what completes an organization’s managerial strategy. A Results Management...
Introduction Major companies around the world have realized that the only way through which they can remain competitive is to maintain a high level of innovation in the market. They are forced to come up with new products that offer superior value to their clients. However, there are cases where...
Introduction Information systems play a critical in business enhancement since they allow managers to plan, organize, and execute policies effectively. The relationships among various stakeholders are handled through application of information system meaning that it has a positive impact towards business development. Additionally, they help in strengthening business strategies, irrespective...
Introduction Across the contemporary business societies, operations strategy is an essential aspect of success. This aspect is the most significant before marketing and production. As a matter of fact, operations strategy is the backbone of a stable company since it determines productivity in terms of flow of operations. Besides, the...
Strategic management is a process that determines the fundamental aims and goals of the organization. Strategic management plays a critical role as far as making decisions are concerned. Moreover, it entails following up the accomplishment of the aims and goals. These decisions are both long-term and short-term. The top management...
The balanced score card is a strategic planning management tool that was created in 1987 by an independent management consultant by the name Art Schneiderman while he was working at a company called Analog devices. The balanced score card was later studied by Drs. Robert Kaplan and David Norton who...
Introduction Competition is one of the main challenges that any business entity in the current society has to deal with in order to achieve success. The presence of many players in the same industry forces firms to find ways in which they can gain competitive edge over their market rivals...
