Strategy is about making choices. It’s about understanding your environment, resources, capabilities, and goals and making decisions that will help you achieve your objectives.
You must think critically about your business and understand the forces at play. You also need to be imaginative and develop new ways to compete.
Fortunately, there are tools and resources that can help you develop an excellent strategy. Plenty of great books and articles can provide insights and frameworks. And there’s also our database of free samples that provides papers on strategy.
The creation and implementation of efficient management strategies are challenging issues for multi-business corporations. The effective corporate strategy takes into consideration multiple evaluations of the environment, the situation on the market, costs, and budgets, as well as the organization’s strengths, weaknesses, and knowledge. The value-based management successfully helps in addressing...
The strategy implementation is usually determined as a “sequence of carefully planned consecutive steps.” It is observed that strategies may fail because of unexpected environmental changes in the market or the “inefficient implementation.” The success of the strategy depends on the company’s internal factors to a large extent. The right...
The use of software to forecast demand has become common, but Nordstrom’s strategy to plan discounts for diverse items is winning. Facilitating software decision-making can improve the organization’s performance in diverse ways. The focus on the most effective discounts can become a considerable competitive advantage as companies often have to...
In spite of having a well-developed corporate culture and recognition of the employees’ rights, conflicts still tend to arise. I’m sure a clash of interests concerning personal beliefs and opinions is one of the causes. To resolve this interpersonal conflict, I can have a direct conversation with the opposing parties...
The HR strategy of Michael Page has some significant gaps that should be addressed. First of all, the company does not have an HR department, and the functions of human resource management are performed on the local level by Country Directors and various departments, including legal and training. This is...
Retail internationalization is one of the complex issues in retail strategy primarily due to the previously localized nature of retailing. The accelerating rate of internalization in the retail sector has attracted increased attention by scholars and business practitioners who have sought to understand what retail internationalization entails. The process of...
Kodak has been the leading company in photography had gained consumers’ confidence as a quality production company. Its success in making the company more advanced in technology had given it a competitive advantage over others, giving it a better place in the market economy. However, Kodak as an organization is...
Coca-Cola Company has been for long time dominating the global market in the production and sales of beverages, soft drinks and energy drinks. With new companies dealing in soft drinks entering into the global market, Coca-Cola’s current strategy has significantly helped in ensuring that the company maintains its competitive advantage....
There are three components essential to creating a winning strategy. These components are analysed and the results are compared with the case of Enron to see where the company went wrong. Strategy Fit: A winning strategy has to fit the needs of the industry as well as the resources and...
Causes of Integration Failure Cultural Fit The occurrence of non-cultural fit is one of the major causes of failures in the merger and acquisition process. Regardless of which culture will eventually be dominant, all workgroups will be subjected to the same tests, such as cooperation with former customers or suppliers,...
Abstract This report analyzes the business plan of the Alphabet corporation, having Google as its biggest company. In the performed analysis, such methods as a case study and literature analysis involving primary and secondary sources were used. This paper focuses on vision and strategy, competitive capacity, business simulation process, performance,...
Global standardization is a strategy that entails uniformity of production standards, processes, quality, materials, documentation, and other variables in order to deliver a standardized product. This strategy helps simplify and standardize not only the production, but also the logistical and supply chains in order to save costs, streamline and speed...
A marketing strategy refers to a process in which an organization concentrates on the limited resources and ends up increasing sales and therefore achieves a sustainable competitive advantage. A consumer requires a target-market selection so that they can be able to top know how to protect themselves from the prices...
There are several lessons that the NHS rowing team and management can learn from the winning Japanese team. First, the Japanese kept their winning strategy very simple: have one person steering and eight paddlings. The rest was left to the team. This resulted in specialization within the team, which resulted...
Business firms use the concept of strategy to achieve one or all of the outlined long-term or overall goals when they face any form of uncertainty. Strategy is an important plan when the available resources needed to deliver goals are limited in nature. This approach entails outlining priorities and goals,...
Introduction The socio-economic context within which business mergers take place has changed dramatically over the past half-century. The main change was institutional in nature and was caused by the transformation of the management system during the transition to market relations (Bansal, 2020). Organizations began to be perceived and then act...
Several reasons can explain the strategies of IRD. First of all, medium-sized restaurants often resort to such practices as paying wages and salaries to the registered personnel part-time workers because the profitability of these enterprises is lower, especially in comparison with larger eateries. If they force employees to pay PAYE,...
The core of Porter’s international strategy is the value chain. Following M. Porter, the value chain is the sequence of activities, from start to finish, by which the product or service is transformed from an idea to a consumable form. For instance, if the product is multimedia equipment, the chain...
According to Hammond, there is a recent trend when it comes to the obsession with operational effectiveness over strategy. The difficulty in analyzing this problem stems from the fact that there can be different interpretations when it comes to operational effectiveness and strategy. Thus, the best way to start is...
JetBlue’s business-level strategy can be summarized in the words of its founder: To bring humanity back to air travel. In simple words, it means to increase the number of people that choose air flight as a mode of transportation. JetBlue had a clear vision since its formation that the increase...
If I needed to fix the company’s revenue, I would take measures aimed at different areas of the business. First of all, it is necessary to use media and the temporary popularity of Pizzability in a beneficial way. I would create a post urging people not only to take selfies...
Low-cost leadership strategy A company pursuing this strategy hopes to become the lowest producer in the market. The firm hopes to earn higher profits through this strategy. The goal is to allow the firm to drive down costs, thereby gaining a competitive advantage. In order for a cost leadership strategy...
Marketing is defined as a process focused on a product or service delivered to the end consumers. It is the matching process between the needs and wants of customers and the market proposition. While stressing coordination, it also recognizes conflict and competition among units, the necessity for subsystem concessions, and...
Since the hearing aid price emerges as the most important challenge to potential buyers, companies can partner with the firms of affected people and help them secure credit payments for the gadget. In this case, they help individuals who would find it extremely difficult to purchase hearing aid all at...
Put simply, outsourcing is simply getting another company that is specialized in doing some kind of activity or service for you. This company offers to do so for a certain amount. It should be advantageous for my company due to the level of quality that they will offer to me....
Cost leadership is a strategy that is aimed at ensuring that costs remain as low as possible. It is a competitive strategy used by many organizations by giving them a competitive advantage in the market. Cost leadership strategy is an indication of how a firm’s theory in successful competition is...
In his works, Mintzberg indicates that “strategies grow initially like weeds in a garden, they are not cultivated like tomatoes in a house.” From this quote, the reader realises that the process of identifying or formulating new action plans might overwhelm managers or become complicated. The knowledge here is that...
The information presented will discuss some form of strategic planning models available in organizations today. To set off the discussion, it is relevant to understand what strategic planning is and its importance within an organization. To begin with, an illustration of a scene may help clarify the process; consider a...
PESTLE analysis has been used by DPWN to analyze its external business environment. It involves the considering of political, economic, social, technological and legal factors before investing in the target market. Political Factors These are factors that relate to the political system and political instability of countries where DPWN markets...
Before implementation of the new business strategy, the paradigm of organizational culture at ZISCo could be explained as being production-associated, managed by technology leadership, and visualizing an enhancement in financial performance via a reduction in cost. Since ZISCo is a state-owned enterprise (SOE), before the introduction of strategic management, regarded...
Prior to 2003, ZISCo introduced a differentiation strategy as elucidated by Michael Porter with a strong focus on domestic niche markets by specializing in products that its competitors did not have the interest to manufacture since either they were difficult to manufacture or were small orders. By perusing a niche...
A business strategy is concerned with many aspects of the growth of an organisation. It is primarily concerned with the direction the business should take to achieve growth. It is also concerned with scope, competitiveness, profitability, social and environmental issues, resources, environment and values. This makes it clear that a...
When the firm is not a market leader, defensive strategies are not relevant. Instead, the company must take an active position and approach the leader via different means. There are five methods that enterprises may use to challenge their superior rivals. These are the frontal attack, flank attack, encirclement attack,...
Mavis Bank Coffee Factory (MBCF) Ltd. uses a home replication international business strategy to market its coffee in the US. This means the coffee products are made for domestic consumers but, consumers in the US found the products luxurious and enjoyable, and therefore MBCF international business strategy responded to this...
The main challenges faced by Merck are linkages between the strategy, budget and human resources. Also, it was important to identify weaknesses and drawbacks in current policy. Once the “organizational structure” was set, each component was staffed with persons qualified to perform specified tasks, each task aimed at achieving a...
Capital One has a very extensive corporate-level strategy. Since its start as a monocline enterprise specializing in consumer lending, it has expanded its operations by continually introducing other business lines to complement consumer lending. Presently, it has a variety of business lines chosen strategically to maximize the potential that the...
Harley Davidson is one of the top ten brands in the world. They have presence globally with a good number of dealers and retail network. They are the most important to the nation on the basis of financial earning. The logo of the company is the leading one compared to...
Nokia faces an uphill task in availing up to date phone gargets coming with facilities that compete with other mobile service and hardware providers. Dealing with competitors in the offering of diversified services incorporated in the phone facility Nokia faces an uphill task in availing up to date phone gargets...
Business strategy of any company has influence on every aspect of the company. A business strategy determines whether a company would be successful in a particular market or not. A poor business strategy would lead to failure or make a company to be less competitive in a particular market. Coca-Cola...
It is quite difficult to determine whether the strategies of this enterprise are planned or emergent. Such a concept as a planned strategy means that the policies, values, mission and performance standards of a company are settled beforehand, and throughout a certain period of time, this enterprise adheres to these...
A good business must be the leader in its field; this is only possible through the best competitive strategies so as increase its span of market share. This means the company must be a leader in its field by developing the best business models that will propel the company to...
The environment of an organization depicts how much it cares for it. This is achieved through procedures that reduce the environmental impact and develop mechanisms that will enhance the protection of the environment. It is achieved through partnering with other stakeholders while carrying out environmental investment through responsible utilization of...
When it comes to the way in which General Mills implements the strategic controls, the holistic margin management approach should be noted. The approach is linked to the company assessing the existing efficiencies and inefficiencies to understand which strategies should be implemented in order to boost performance and create the...
To remain relevant, a company must have a strong strategy. Although SONY’s approach is diverse and innovative, it could benefit from a better communication strategy. The present-day corporate strategy used by SONY is worth supporting for its emphasis on innovation and flexibility (Arshad and Yazdanifard, 2017). According to the company’s...
For a long time, strategic approaches adopted by organizations have remained pivotal in ensuring the success of the entity. Whether in banking where Bear and Stearns had to reckon with poor strategic decisions or in the construction industry where might buildings have come down in a moment, strategy is pivotal....
Despite the challenges and troubles faced by Kodak in those early days, all cannot be claimed as lost. Kodak still has viable alternatives through which it can redeem its lost glory and probably claim a share of the market. However, it all starts with its embracement of digital photography, which...
The success or failure of most organizations depends largely on the type and competency of leadership in place. Therefore, it is important that criminal justice organizations invest in these strategies for their success. For instance, competent leaders are needed to make critical decisions in criminal justice organizations, and such individuals...
All companies have their own strategy on how to achieve success, which, nevertheless, can be generally described as ‘inside-out’ and ‘outside-in’ approaches. The ‘inside-out’ framework implies finding the inner capacity and capabilities of an organization in order to attain the desired results. It is a resource-based view that highlights the...
Tecsys Incorporated is a B2C Canadian company that develops and sells supply chain management software in local and international markets. Valued at over $764 million, the company provides solutions in retail-order management, business analytics, warehouse, and financial management, among others. The company has realized that its sales have stagnated in...
Introduction Positioning is a marketing approach that involves building a brand or product identity in the eyes of target buyers. Coca-Cola decided years ago to introduce a new product: the first cola drink. Such innovation has contributed to the successful position of the organization as the pioneer in the market....
Zulily was founded with an interest in tapping the opportunity of the existing market gap in providing mothers and children merchandise. The target market was the mom demographic, and they offered to provide unique and non-branded products at a competitive price to bring value to moms. The company’s financial model...
Apple Communicating Persuasive Messages Most companies use the strategy of persuasive messages utilizing tools to influence the audience in order to change their beliefs. In addition, the purpose of compelling messages, such as marketing or advertising messages, can be applicable to change the actions of buyers. Therefore, persuasive messages have...
Importance of a Strategic Vision For an organization, its vision works like a glue that keeps the operations together. Any company functions within the limitations and directions of its strategy, maintaining a particular approach to business. The existence of a strategic vision aids organizations in establishing their own market identity,...
More often, people come up with innovative ideas which are then translated into projects which if implemented by companies can lead to the growth of the company but fails to garner enough support from both formal and informal leaders for them to get implemented. The issue of forwarding an idea...
Introduction Srategic planning process is very crucial in driving organizational productivity and performance. However, the effectiveness of a strategic planning process is dependent upon several factors that are deemed crucial. They are inclusive of the involved stakeholders since they are the main players in organizational operations. This is in addition...
Zara is a Spanish fast-fashion company that designs, makes, and distributes apparel across the globe. The business has continued to ensure a trajectory of rapid yet profitable growth by hitting an enormous net income. Zara’s supply chain integration enables the company to reduce production, logistics, and inventory costs while improving...
Executive Summary Riot Blockchain has deployed around 8,000 application-specific integrated circuits (ASIC) miners at its Oklahoma facility. Using its subsidiary TESS Inc., the organization aims to develop a blockchain-based escrow service for telecom carriers working on a wholesale basis. It currently holds 13% interest in Coinsquare Ltd., which is a...
The present report focuses on the operational strategy of Benihana restaurant that combines higher levels of customer satisfaction with better profits for the establishment. Benihana is a Japanese restaurant serving customers in the U.S. with the use of unusual techniques. As can be inferred from the chain’s website, Benihaha (2021)...
Business strategy refers to an outline of decisions and actions that a firm plans to achieve its business objectives. In the process, a company clearly defines what has to be done and who is responsible for doing the specific action. Any company needs to consider setting a business strategy that...
The main issues that Tesla Motors is currently facing are associated with the acceptance of the new electric cars technology by the customers, reduction of manufacturing costs, and improving the company’s distribution channels. To gain a competitive advantage in the face of increasing demand and technological advances, companies need to...
Introduction Tesla, Inc. is the United States electric car and renewable energy company named after Serbian Inventor named Nikola Tesla and created by American engineers Martin Eberhard and Marc Tarpenning. Tesla has swiftly grown to become one of the world’s fastest-growing companies. The achievement of Tesla can be attributed to...
Businesses employ a variety of strategies to maximize earnings and acquire a competitive advantage over their industry’s competitors. ALDI has developed unique strategic management approaches that have helped it acquire and sustain competitiveness in the face of a variety of business challenges. The company’s operational concepts can be summarized in...
Introduction The business spheres with saturated entrepreneurs inspired a new blue ocean strategy implanted by firms such as Yellow Tail. Companies that have a group of loyal customers and a considerable capital limit not only the entrants into an industry but also themselves in the domain of innovations. As Parnell...
There is a need for the furniture manufacturing company to have a compensation policy. For the company to attain consistency, seven strategies will be necessary. Firstly, it will be proper to have working job structures for the company in all the departments. Evaluating the departments to determine job structures will...
Coca-Cola is a globally recognized manufacturer and distributor of non-alcoholic beverages, including primarily carbonated soft drinks as well as noncarbonated beverages. The company’s competitive advantage strategy revolves around several key factors, such as marketing, product quality, innovation, and research. The company is ranked 53rd on the list of the world’s...
Information on administrative activities in rural schools reveals the current problems of education reforms. An interview with the Human Resource Manager (HRM) revealed that organizational work in this area is complicated by career unattractiveness. The specialist provided data both verbally and nonverbally through gestures, facial expressions, and engagement in conversation....
Zara’s Strategy Zara’s focus on technology is one of the main reasons why the company continues to not only be profitable but scalable and growing in profits as well. IT allows Zara to combine quick local manufacturing with limited exclusivity of the clothes the stores offer. The company can predict...
Introduction The swings in the market often expose investors to risk of loss. Some of these exposures necessitate investors to protect their portfolios with an aim of minimizing losses. This can be achieved by using several strategies. The paper will focus on describing two option strategies that can be used...
Introduction In selecting the best investment strategy number of factors will be taken into consideration. One of the critical factors that will be taken into consideration is the knowledge of the investor about the market performance. This is because without the knowledge about performance of the market then some strategies...
Introduction Investment strategy plays a critical role in the overall success of every business. Over the past years, both Warren Buffett and Mark Cuban have used different strategies to invest in their firm. Ideally, Buffett believes in the power of using long-term value investing (Otuteye and Mohammad 473). Subsequently, Cuban...
Introduction Businesses executives employ all possible strategies to produce high and outshine other companies that operate in the same industry. Usually, every new measure that has positive results is “strategic.” However, the strategic measures become infinite after several years of operation, and the managers find it difficult to identify the...
Private equity is an asset class which is not publically traded on a stock exchange (“Private Equity” par. 1). Private equity investments are generally aimed at increasing a company’s value and productivity in order to receive profits through interest or reselling of an acquired firm. The primary players in the...
Introduction In the book Great by Choice, Jim Collins discusses several strategies that great companies use to overcome chaotic and tough times. One of the most outstanding concepts the author discusses is the 20 Mile March. It is based on the 10x principle that covers the strategies that great companies...
Volume consolidation with limited suppliers is an imperative step towards the acquisition of an effective procurement strategy for an organization. It involves employing the services of a limited number of suppliers. That is, an organization halts the use of services from multiple suppliers and identifies fewer (or limited) suppliers it...
Starbucks is the largest coffeehouse chain that originates from Seattle. Nowadays, the company has over 30,000 stores in 80 markets across the globe that employ over 300,000 people (“Starbucks company profile,” n.d.). Starbucks prides itself on the quality of its product, the attitude towards its customers, and the welcoming atmosphere...
The development of foreign markets opens opportunities to increase revenues, profits, and long-term growth. This option is especially attractive in cases when the country’s domestic market is already saturated. In the context of international competition in different industries, each enterprise should form its global strategies for a more efficient production...
In the present day, the business environment may be regarded as complex, dynamic, and continually developing. In order to retain sustainable competitive advantages and regain business growth, the majority of companies require appropriate strategic planning. In fact, the systems of formal strategic planning are immeasurably important for all industries. Technology-based...
What is a strategy The world is a diverse system full of small details, crossovers, and variations. Every time humans strive to reach any peak, they find themselves in an abyss of obscurity: there is no guarantee that the chosen path will lead to success. One can rely on hope...
Introduction Change management in a dynamic marketplace is one of the most essential features of a viable company. The need to manage change, in general, is usually conditioned by environmental, competitive, and policy pressures on the company. In this case, the company has two outcomes: either to effectively implement new...
Introduction Quail farming is a form of animal husbandry where a farmer keeps quails for different purposes such as meat production, egg-laying, flying and games, and more. Quails are small animals that require a minimal area for survival and are very effective in cost savings. They survive in normal temperatures...
Introduction A leading goal of every business is to attract more customers and obtain more benefits. These outcomes are possible if an organization has a competitive advantage over its rivals. That is why companies do their best to develop practical business strategies that would help them occupy a more prosperous...
Introduction Employee unrest is on the rise in Saudi Arabia, putting pressure on the country’s economy and companies and their workers. Although past studies have concluded that labor relations affect the performance of an organization, they have not defined the nature of the relationship between labor relations and business variables...
Ten Questions of Strategy Detail on Granular Choices The question on granular choices implies the need to define the specific market a company is going to beat. The strategy of granular choices allows to consistently reallocate resources moving between the outlined segments. According to Teece (2018), microfoundations (granular foundations0 facilitate...
It is generally known that military veterans possess a large number of skills and competencies that might be effective in civilian occupations. According to research, the adoption of a military mindset might be highly beneficial in contemporary business due to the developed and multifaceted skillset of veterans (Nazri & Rudi,...
As per Porter’s model, the competitive forces in the field are primarily determined by low threats of new entrants due to the need for investments in creating content and the power of suppliers as the main advantage because of producers’ growing significance compared to cinemas (Fata, 2019). The rising power...
Ian Davis has opened up to one vital aspect for the success of large companies. The social issue surrounding the business environment has proved to be a bridge between production and consumption. Ian claims that social issues like environmental concerns affect the purchasing power of consumers through a psychological mindset....
Introduction An integrated communications strategy is a way of aligning the messages that a company communicates across all channels with the strategy of development. Applying this plan will allow Haxon to achieve consistency in the messages that the customers and potential buyers receive through social media, advertisements, Haxon’s Kickstarter page,...
The selection of an appropriate business-level strategy is critical for the survival of a business, especially during the pandemic, and Starbucks is one of the companies which successfully manages to address this task. The overall focus of this corporation during this time is the creation of competitive advantage through differentiation...
Introduction The main objective of this dissertation is to discuss the impact of global financial crisis on the strategy and HRM of multinational companies. Background of the problem According to the report of Krolicki & Bailey (2008), largest automaker GM’s quarterly loss was $4.2 billion and shares tumbled 13% whereas...
Introduction The Virgin Group, one of the most successful venture capital companies in the United Kingdom and worldwide, was created by Richard Branson in 1970. It serves as an example of a brilliant implementation of company diversification. His innovative approach to doing business led the company to a period of...
Introduction With regard to Starbucks SWOT analysis, the company has been identified to have strong competitive advantages and opportunities for growth as well as eminent areas of threat and weakness with regard to its primary and secondary environments. These factors affect the overall managerial decision of the company as management...
Executive Summary The aim of this paper is to analyze the strategy of Tim Hortons Inc.; however, in order to evaluate and assess the strategic position of the company, it is vital to outline a company overview, discuss the history, evolution, and growth of the company over time, and assess...
Introduction Toyota Motor Corporation is a global institution that specializes in the manufacture and promotion of motor vehicles. The company was started in the year 1937 and has a workforce of over 317,734 people worldwide. The company is also the world’s largest automobile corporation through manufacture. This paper discusses the...
Business Overview This plan aims at laying the factual strategies that will be involved in implementing a business to provide communication services and devices in Australia. The proposed name of the company will be Safaricom Limited. The company will offer such communication services as voice calls, short message services, internet...
A recent announcement by the Australian prime minister Malcolm Turnbull about the cancellation of the visa 457 program has placed many overseas workers in a precarious position (Go Study Australia 2017). The implementation of this reform presupposes the introduction of a new Temporary Skill Shortage (TSS) program and will be...
There is no doubt that a range of decisions related to the choice of strategy and the particular practices needed in order to implement it remain extremely important with regard to such factor as company performance. In fact, development of the proper strategy can be regarded as a difficult task...
Executive Summary Innovation is an ongoing process that involves recognizing an opportunity, creating an idea out of the opportunity, designing or inventing relevant development towards an idea, prototyping the idea from an existing product, the actual production of the idea by coming up with innovated good or service and introducing...
Strategic audit tools can be of major assistance to a company due to their ability to provide comprehensive assessments of strategic decisions (Grant, Macdonald, & Sharifi, 2011; Wheelen, Hunger, Hoffman, & Bamford, 2017). As a result, their study is of interest to any person who is involved in the theory...
Abstract The future is not clear for Apple because the company deals with its challenges in a unique manner that leaves the competitors surprised. Over the past several years, the number of sales in the company has decreased and its stock prices have stagnated. The future of the company might...
Introduction The communication business has evolved from customary telecommunication systems. The older methods of communication suffer unpredictability and result in inconveniences for users. The business people then resolved to invest in research efforts to develop better communication technologies. Presently the marketplace is bursting with exceptional and extremely sophisticated communication gadget,...
Introduction Every business enterprise seeks a competitive advantage over its market competitors. Market changes and fluctuations creates a certain response that a business deems appropriate to handle or rather tame the changes in a market situation. Changes can involve overhauling of part or whole strategies currently in place. Traditionally, production...
Introduction Downsizing strategy is aimed at reducing the size of the organization’s workforce in the bid to cut down cost and increase profitability. This strategy is normally formulated by the top management of my organization and then implemented by the middle managers at the human resource department. In this paper,...
