Preview

Eskom

Powerful Essays
Open Document
Open Document
5525 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Eskom
TABLE OF CONTENTS

1. EXECUTIVE SUMMARY
2. INTRODUCTION
3. STRATEGIC MANAGEMENT PROCESS IN ESKOM
3.1 Methodology of Review
3.2 Management Process
3.2.1 Environmental Analysis
3.2.1.1 Comments
3.2.2 Vision Statement
3.2.2.1 Communication
3.2.2.2 Values
3.2.2.3 Comments
3.2.3 Objectives
3.2.3.1 Short Term Priorities
3.2.3.2 Medium and Long Term Priorities
3.2.3.3 Comments
3.2.4 Crafting of the Strategy
3.2.4.1 Comments
3.2.5 Implementation
3.2.5.1 Comments
3.2.6 Monitoring
3.2.6.1 Comments
4 RECENT CHANGES IN THE STRATEGY
4.1 Factors Which Led to Changes in the Strategy
4.2 Results and Expected Results
5. ESKOM INVESTMENT STRATEGY INTO THE FUTURE
6. RECOMMENDATIONS ON STRATEGIC ACTIONS AND CONTROLS NEEDED
8.1. Revenue Management
8.2. Benchmarking
8.3. Outsourcing
8.4. African Collaboration

7. REFERENCES
8. ANNEXURES

1. EXECUTIVE SUMMARY

The aim of the assignment is to:

• consider the strategic management of an organization of choice and comment on the process and evaluate its effectiveness;
• discuss the changes made over the last five years and how they took place, and the factors that led to the changes in strategy; and also the results of changes in the strategy;
• extrapolate into the next five years in order to identify the organization's abilities for attaining a competitive advantage through their strategy.
• recommend strategic actions required to be implemented, referring to necessary controls.

This product is a review of the strategic management process in Eskom Holdings, which is the organization that the group preferred. Eskom is an established company in South Africa with an illustrious history in the role it has played in growing the SA economy since its founding in 1923.

This paper has been confined to the changes introduced in the period after the year 2001 until today. The major objective of government with these changes government was targeting at cutting costs and bringing standardization in the tariff structure.

Eskom is

You May Also Find These Documents Helpful

  • Powerful Essays

    The process evaluation should include a strategy, which involves active participation from the workers, in the organization, in order to meet the objectives of the process evaluations. We will be utilizing and analysis, which is set in place by the expert consultants the director, has contracted. Strategic management is the art, science and craft of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve long-term objectives. Strategic management is the process of specifying the organization 's mission, vision and objectives. Strategic management develops policies and plans, often in terms of projects and programs, which are designed to achieve these objectives. Resources are allocated to implement the policies, and plans, projects and programs. Strategic management seeks to coordinate and integrate the activities of the various functional areas of a business in order to…

    • 1552 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    BUS 599 Week 1 Quiz

    • 428 Words
    • 2 Pages

    Suggest a modification that company should make to its strategy and how it may impact the success of the company…

    • 428 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Mgt 498

    • 950 Words
    • 4 Pages

    During this week’s assignments, the authors discussed the primary components of the strategic management process. In order for a company to be successful, the company will need to follow the following components:…

    • 950 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    o Research at least one company and describe the strategic management process that the company uses.…

    • 606 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    MHA 612 FINAL PAPER

    • 3334 Words
    • 10 Pages

    Strategic planning is describes the strategic management as the art of making complex, long-term, future-oriented decisions and taking actions that result in the formulation and implementation of plans designed to achieve a company’s objectives. The process focuses on the belief that a firm’s mission can be best achieved through a systematic and comprehensive assessment of both its internal capabilities and its external environment. Strategic management process is the implementation of the company’s strategy by executive management considering its resources, circumstances, and environment to position the organization to complete is mission in a cost-effective, efficient manner. The corporate goals, policies, and tactics are incorporated into this process.…

    • 3334 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    o Research at least one company and describe the strategic management process that the company uses.…

    • 622 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Home Depot

    • 4370 Words
    • 18 Pages

    Analysis of Strategic Factors, Strategic Issues, Strategic Alternatives and Recommendations, Evaluation and Control and Summary)…

    • 4370 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives. It involves the systematic identification of the firm 's objectives, nurturing policies and strategies to achieve these objectives, and acquiring and making available these resources to implement the policies and strategies to achieve the firm 's objectives. Strategic management, therefore, integrates the activities of the various functional sectors of a business, such as marketing, sales and production to achieve organisational goals. It is the highest level of managerial activity, usually initiated by the board of directors and executed by the firm 's Chief Executive Officer (CEO) and executives.…

    • 3573 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    CPA - GSL 2014

    • 880 Words
    • 4 Pages

    What is the current business strategy of the organisation? Are you able to assess how the organisation has performed to date in meeting its objectives based on the given facts?…

    • 880 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Chipotle

    • 784 Words
    • 4 Pages

    Three key problems and/or issues that management had to address in developing a new strategy + what their solutions were to these problems.…

    • 784 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    In 2007, GDP ended at 3.1% in America and 2.1% in Eurozone; and is expected to drop further during 2008. According to Jim Ziemer, Chief Executive Officer of Harley-Davidson, Inc., “these are challenging times in the…

    • 10696 Words
    • 43 Pages
    Powerful Essays
  • Powerful Essays

    Merck Case Study

    • 6941 Words
    • 28 Pages

    Rothaermel, F. (2013). Strategic management: Concepts and cases. (1 ed., pp. 105-C233). New York, NY: McGraw-Hill/Irwin.…

    • 6941 Words
    • 28 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategic Management as a concept in business management has evolved over the years. It involves formulation and implementation of initiatives by management of companies operating under very many constraints to maximize returns on investments by the shareholders (Jones & Hill, 2012). The four phases of the strategic management process are:…

    • 650 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Q5. Discuss the various levels and types of strategies the firm may use to maximize its competitiveness and profitability.…

    • 2033 Words
    • 9 Pages
    Good Essays
  • Better Essays

    The first step of the analysis is to introduce the concept of strategic management as well as to evaluate it in terms of our company’s managerial actions. According to Ansoff strategic management requires “entrepreneurial creation of new strategies for the firm, design of new organizational capabilities and guidance of the firm’s transformation to its new strategic posture”. 1 Following this definition the most important factors that are apparent in that process are: innovation, strategic focus and planning. Johnson and Scholes argues that “strategic management is concerned with deciding on strategy and planning how that strategy is to be put into effect.”2 In their work three crucial stages are described: strategic analysis, strategic choice and strategic implementation. Therefore the process of successful strategic management should start with formulation of firm’s mission statement in order to have a clear long-term purpose of the company and be able to take actions that will help to achieve it. As a next step, external and internal business environment should be carefully scrutinized and strategic choices be made.…

    • 1832 Words
    • 8 Pages
    Better Essays