So what is Strategy? Strategy is how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.…
Our analysis of Merry Men Incorporated’s (MMI) campaign status led to the following recommendations. The principal strategic issue MMI faces is the senior managers’ need for management skills consistent with the responsibilities for their respective positions. The first recommendation is to hire an executive coach to train each of the senior managers and to assist them with making policies and operational decisions. The second strategic issue corresponds with MMI’s need for a strategic focus. The second recommendation is for the executive coach to assist the senior managers with developing and communicating mission and vision statements. The mission and vision statement content should concentrate on creating and sustaining equality, and social justice for MMI’s stakeholders. The third recommendation is to use the new mission and vision statement as starting points for developing goals, objectives and a strategic plan. The executive coach should guide the senior managers and employees in developing and implementing the goals, objectives and strategic plan.…
When we hear or see the name Robin Hood, we think of the heroic outlaw in the English folklore who, according to legend, was a highly skilled archer and swordsman. Traditionally depicted as being dressed in Lincoln green, he is often portrayed as “robbing from the rich and giving the poor” alongside his band of Merry Men. Robin Hood became a popular folk figure in the late-medieval period, and continues to be widely represented in literature, films and television. The nonprofit organization located in New York, the Robin Hood Foundation has a legal philosophy of “taking from the rich and giving to the poor”. The mission of this organization states that the Robin Hood Foundation is New York’s the largest poverty-fighting organization, and…
Being different was considered an atrocious act of behavior for quite a while. Those that are different than most in anyway were shunned and ran off usually by a mob. Robin Hood was very different than most in his village as a result he was chased away by a very violent mob. After running as far as his feet would take him that day his mission now was shelter for the night. He thought he was all alone in the woods since he was disowned no one followed. He thought this until he heard a vicious snarl. Being a skilled hunter, he grabbed his bow and his arrow, but after seeing it was Bigfoot and there was no threat he mounted his bow on his back. Enjoying each others company and being thankful they were not alone they sat and talked.…
The purpose of this paper is to help me to fully understand and expand my knowledge of the concepts four in our textbook. By performing research about recent business world activities, I will be able to link the terms learned in the lecture in order to get the full picture. Although I chose terms that are found in both chapter 6 and chapter 7, most of my terms come from chapter 7, which talks about corporate strategy. Our textbook Strategic Management and Business Policy textbook by Thomas L. Wheelen and J. David Hunger is a great source of information for anyone interested in learning more about business. According to our textbook, the three key issues that corporate strategy deals with are:…
The Merry Adventures of Robin Hood was written by Howard Pyle. In chapters five to eight we see how the sheriff is trying to catch Robin, and we see how smart and clever Robin’s comebacks are. We see that no matter how hard the sheriff tries to catch him, he is no match for Robin. We see how Robin makes friends with a butcher, tricks the sheriff into paying for a huge meal with the merry men and him, and Little John gets fat and homesick and wants to go back to Robin and the merry men.…
The aim of this academic report is to develop a critical view of strategy and organizational structures, understand how to conduct a situation analysis, understand how to develop a strategic direction, understand formulating a strategy, understand the implementation of a strategy and understand monitoring and evaluating strategic performance. The above mentioned learning objectives have been applied to the real-life case company Marriott International.…
what the definition of strategy is, and why it is important to have one. This part of the process…
Any business has challenges from different elements like globalisation, information and technology, socio and cultural factors, political factors and so on. To meet these challenges a clear strategy is very crucial for any organization. A strategy is a clear vision of what the organisation will be based on a sustainable competitive advantage. Actually, strategy is a road map for future directions and scope. It is a long range plan for five years and more. It develops mission, objective and goals for an organisation. To develop an effective strategy any organisation must set an account with different factors. Environmental analysis, present analysis, strength, weakness, opportunities and so on are the factor through which a strategy can be developed.…
In business, strategy relates to the game plan that is used to achieve all the goals that have been set for the organization. Strategy helps to not only achieve long term goals but also tends to give organizations the tools to achieve and maintain a competitive edge over their counterparts in the industry.…
Robin Hood is facing numerous problems and issues, but I think the most pressing problem is the fact that the band of Merrymen has far outgrown the available resources in Sherwood Forest. Robin Hood’s faith in succeeding by strength in numbers is quickly becoming a contributor to their downfall. Income is low at this point as well, so purchasing supplies, whether near or far, will soon become impossible. If the men aren’t fed, the men can’t function. Not only is the lack of available resources a problem, but the group itself is unorganized and is lacking sufficient leadership. The issue of the group’s decline in vigilance and discipline could lead to dire consequences, especially with the Sheriff actively searching for the band’s weaknesses, and this needs to be resolved immediately.…
Whether Robin Hood was a man or myth is unknown, but who really was Robin Hood? Was he a real historical figure who changed the lives of many? Or simply a fictional character made up by a group of bored village men. There are too many options to decide between either. But why has the so called Robin Hood evolved over time to be this legend of great heroics and courage? He was known for his incredible gallantry and his skillful archery. His stories tell him as a fearless outlaw whom 'stole from the rich to give to the poor' with his band of merry man (Little John, Friar Tuck, Alan A Dale, Much the Millers son, Will Scarlett). They were the outlaws of Sherwood forest, or so the ballads said. He was notoriously known from the ballads to have lived in Sherwood forest but Barnsdale was still a possibility. The only evidence we have of robin hood is from inauthentic ballads from hundreds of years ago. Luckily we have the luxury of having hindsight to really delve further into the evidence we have from ballads and the chronicles and make a genuine inquiry in the robin hood legend.…
In order for an organization to succeed and be competitive they must be strategic and have a strategic management plan. According to Webster’s New American Dictionary, strategy is defined “as the skillful employment and coordination of tactics and as artful planning and management” (Noe et al., 2002,…
In the Robin Hood case, we can easily apply the principles of a business organization. Robin was the CEO of the Merrymen. He made all important decisions and a few lieutenants serve in roles that have been delegated such as information gathering, discipline, finances and provisioning. These make up the top management in the organization. This is associated with the Fayolism theory developed by Henri Fayol who proposed that managers perform particular functions for the growth and success of the organization. The four tasks that have been delegated as well as Robin Hood’s personal vendetta against the Sheriff serve as the basis for many problems encountered by the Merrymen.…
There is no single, universally accepted definition for strategy. Some understand it as a deliberate plan, drawn up to achieve set goals, others see it more as a process, whereby a company’s decision and actions are made in alignment with opportunities or threats in the industry. Even others define it as a pattern of consistent actions in decision-making and lastly there are those with a military view of strategy, who consider it a manoeuvre to beat and outsmart the competition (Parthasarthy, 2006). By drawing from each of the definitions, one could say that strategy and by extension, strategic management, is constituted of short-term strategies involving managing and planning for the present and long-term decisions and actions, made, taken and implemented by managers to achieve superior competitive advantage, compared to their competitors.…