Preview

Strategy Formulation in a Business Environment

Satisfactory Essays
Open Document
Open Document
5287 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Strategy Formulation in a Business Environment
Business Strategy (BS)

Capital University of Economics and Business
BTEC Center

Strategy formulation in business environment
Who win the Strategy
How to win the strategy

Unit code:7
Edexcel level 5
Unit Tutor: PHOA Khee Liang
Student: Li Yuxuan (Sunny)
Date of issue: 20 March 2013
Due Date: 22 April 2013

Contents

1.1 Our BTEC Center compared with Beijing Benz Company. 5
1.4 The business strategy for Beijing Benz Company. 6
Management Culture of Mission Statement in Benz Company: 18
Star Choice 23 Star Plan 24
Hire Purchase 24
Structured Payment 24

Introduction
In this paper, I compare two companies, namely Benz and Our BTEC centre’s with regard to the Roles and Responsibilities for Business Strategy Implementation.

In the part one, I introduce our own BTEC Centre and its strategy then compare it with the profile and strategy of the Beijing Benz Company.

In Chapter two, I identify of both organizations which persons are in charge for respectively the general Strategy, Includes: Marketing Strategy, Sales Strategy, Operational Strategy, Human Resource Strategy and Financial Strategy.

In Chapter three, I introduce the both companies multi-year key figures of three years in the past and add the target figures for 2014, 2015, 2016

Lastly, I explain where possible, and how the strategies have been implemented. Main is appropriate the stakeholders.

Part one: Introduce our own BTEC Centre and its strategy and compare it with the profile and strategy of Beijing Benz Company

1.1 Our BTEC Center compared with Beijing Benz Company.
In this chapter I will introduce the BTEC-HND Centre of the Capital University of Economics and Business and its strategy and compare it with the profile and strategy of Beijing Benz Company.

1.2 Introduction of BTEC Centre and Beijing Benz Company.
BTEC is short for Business & Technology Education Council. It is an education institution

You May Also Find These Documents Helpful

  • Better Essays

    1. Create or describe a strategy for your firm, as operationalized by Collis and Rukstad. Be sure to be comprehensive and specific when separately describing your objective/scope/advantage and the subcomponents of each one. As a final portion of your answer, append and describe the activity-system map of your firm. [Figure 1]…

    • 3509 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    Mgt 521 Final Analysis Paper

    • 2903 Words
    • 12 Pages

    The final part of the business analysis will cover the strategic initiatives of Ford Motor Company (Ford), their reaction to the economic trends, company strategies for adapting to changing markets, and tactics to achieve strategic goals. It will also review the operations of their human resources department in helping to achieve business goals as well as give rationale whether or not to invest in Ford. Some of the best practices of Ford are centered on their manufacturing techniques, technology, and environmental awareness. Ford manufactures cost effective, fuel efficient, and environmental…

    • 2903 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    for public and private organizations. According to Robert (1998, p. 22) “The word strategy has a…

    • 8181 Words
    • 33 Pages
    Powerful Essays
  • Good Essays

    Strategies are put in place to prevent and manage crisis and disaster, build a corporate brand, develop reputation and to manage stakeholder attitudes as well as engaging employees and keeping stakeholders informed. This comes under corporate communications.…

    • 763 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Bennett’s Machine Shop, Inc. has the vision of achieving diversification in the field of engine business and makes the company a profitable organization. The main intension is to keep on finding new ways of repairing and renewing mechanical equipments and operating systems of all kinds especially auto engines with regard to quality of products and services and trying to achieve top position in international competition.…

    • 1504 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Bmw Case:

    • 1793 Words
    • 8 Pages

    To study the BMW case, the background information and role of new plant at Spartanburg will be described at the beginning. Secondly, the 3 alternatives options will be analyzed and compared accordingly to determine a proper conclusion. Finally, the recommendation will be presented with various considerations.…

    • 1793 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Business Strategy

    • 646 Words
    • 3 Pages

    Business strategy is the plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organisation attain its goals (Daft, 2000: 240). The aim of strategy is to identify ways in which an organisation can outperform others. Strategy therefore involves the creation, implementation and evaluation of purpose, goals, work activities and performance measures (Coulter, 1998: 361). Strategy is important as it gives organisations a sense of purpose and direction, helps coordinate the activities of people and functions and serves as a control device. Strategy is normally split into three levels- corporate, business and functional.Corporate-level strategy is concerned with the broad and more long-term questions of ‘what business(es) are we in or do we want to be in and what do we want to do with these business(es)’ (Coulter, 1998: 9). Whether to acquire new businesses, to add or divest business units, plants or product lines or to participate in…

    • 646 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Sustainable Growth

    • 2448 Words
    • 10 Pages

    12. Option #5: Devise key goals and objectives for the short-term and long-term with reference…

    • 2448 Words
    • 10 Pages
    Better Essays
  • Good Essays

    Business Level Strategy BMW BMW’S Primary Business Lines (http://www.marketlineinfo.com/library/iProduct_toc.aspx?R=6A41C0F5-51FC-4B71-AF83-0B9F412CB891) The company generates revenues through three business divisions: automobiles (78.0% of the total revenues during fiscal year 2006), financial services (20.2%), motorcycles (1.8%). BMW focuses on the premium segments of the global passenger car and motorcycle market. The company also provides financial and information technology services. BMW, through the Softlab Group, offers information technology services such as customer relationship management and supply chain management. The company markets its vehicles through company-owned showrooms, independent dealers, subsidiaries and importers. It manufactures its products at 23 production and assembly plants in 13 countries on four continents and sells it in more than 140 countries worldwide. BMW operates through three business divisions: automobiles, motorcycles and financial services. Automobiles The automobiles division develops, manufactures, assembles and sells passenger cars and off-road vehicles under the brands BMW, MINI and Rolls-Royce. It also sells automotive spare parts and accessories. In Germany BMW and MINI brand products are sold through company owned outlets and independent dealers. The company sells passenger cars outside Germany through subsidiaries and independent importers. In FY2007, the company sold 1,500,678 BMW, MINI and Rolls-Royce brand cars, an increase of 9.2% compared to 2006. Motorcycles The motorcycles division develops, manufactures, assembles and sells BMW brand motorcycles as well as spare parts and accessories. This division also offers motorcycle equipment such as luggage systems, heated grips, windscreens, chrome valve covers, satellite supported navigation systems, special seats and onboard computers. In addition, the company's motorcycle division also sells helmets, motorcycle suits, boots and gloves.…

    • 793 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Logistics Summary

    • 797 Words
    • 4 Pages

    - Automotive industry is one of the first industries to make good use of all new developments in the field of business studies…

    • 797 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Bmw vs Mercedes

    • 7214 Words
    • 29 Pages

    Automobile Industry History……........................................................3 History of Mercedes-Benz…………………………………………………………….….4-5 History of BMW………………………………………………..……………………….….…6-7 Mercedes-Benz…………………………………………………………………………….….7-8 - Vision - Mission - Goals - Strategy…

    • 7214 Words
    • 29 Pages
    Powerful Essays
  • Better Essays

    It is a framework for the industry analysis and business strategy development developed by Michael E. Porter of Harvard Business School in 1979. It draws upon Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching "pure competition", in which available profits for all firms are driven down to zero.…

    • 1481 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Analysis of Bmw

    • 8483 Words
    • 34 Pages

    The following report analyses the automobile operations of the BMW group in regard to its competitive position in the automobile market. BMW is a German premium car manufacturer comprising the three brands BMW, Mini and Rolls-Royce.…

    • 8483 Words
    • 34 Pages
    Powerful Essays
  • Satisfactory Essays

    Project Initiation Document

    • 5381 Words
    • 22 Pages

    * The first parts contain the introduction about the factory, the strategic analysis, proposed projects and recommendations.…

    • 5381 Words
    • 22 Pages
    Satisfactory Essays
  • Good Essays

    4.1 - Assess the roles and responsibilities of personnel who are charged with strategy implementation…

    • 1022 Words
    • 5 Pages
    Good Essays