Strategic Management Journal Strat. Mgmt. J.‚ 24: 491–517 (2003) Published online in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/smj.314 STRATEGIC PLANNING IN A TURBULENT ENVIRONMENT: EVIDENCE FROM THE OIL MAJORS ROBERT M. GRANT* McDonough School of Business‚ Georgetown University‚ Washington‚ DC‚ U.S.A. The long-running debate between the ‘rational design’ and ‘emergent process’ schools of strategy formation has involved caricatures of firms’ strategic planning processes
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merger of Life Style resorts and Home Away Hotels which is a very large chain of hotels in North America. There were problems with the reservation system at all the hotels. Each hotel had its own software and hardware. Each hotel had its own reservation system which was difficult for the company to produce any reports to the management. It was also difficult for the marketing and branding of the company. They have decided to get ERP system for the total hotels and resorts. Finally they have to decide
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The Advantages and Disadvantages of 7 Days Inn As a typical budget hotel‚ Seven Days Group Holdings Limited established in 2005 and now‚ more than 1000 Seven Days Inn have scattered all around the China (Zhang‚ 2012). I registered to be a member of 7 Days Inn two years age‚ and have already lodged in three branch stores in different cities during my travels. Budget hotels are considered as 1 star hotel because they provide lodging at cheaper price varies from 30$-40$ per room per night. The main
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USA: Thomson South-Western: 2006: 199 4. Hitt‚ M. A.‚ Ireland‚ R. D.‚ Hoskisson‚ R. E.‚ Strategic Management: Competitiveness and Globalisation: concept and cases 8th edn Canada: South-Western Cengage Learning: 2009: 329 5. Ireland‚ R. D.‚ Hoskisson‚ R. E.‚ Hitt‚ M. A.‚ (2006) Understanding Business Strategy 1st edn USA: Thomson South-Western: 2006: 122 6. Hitt‚ M. A.‚ Ireland‚ R. D.‚ Hoskisson‚ R. E.‚ Strategic Management: Competitiveness and Globalisation: concept and cases 8th edn Canada: South-Western
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------------------------------------------------- Brief Description of the Organisation – The International Hotel Group The International Hotel Group The International Hotel Group started business with two small boutique style hotels in Melbourne‚ Australia. Over a period of 15 years it has grown to now comprise a chain of 20 hotels across 5 different countries in the Australasian region. This growth was a result of an acquisition of a small hotel chain and establishment of some new properties‚ mainly in Australia. The group
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them? 3 . Trusting your organization to grow and develop in a haphazard fashion is taking a large chance on the future. This is the fundamental reason for doing strategic planning. Discuss the role of SWOT analysis in strategic planning. 4 . How has Internet helped in the evolution of World as a Global Village? 5 . Discuss the Strategic Initiative by Mr.Ratan Tata of Launching ‘Nano’‚ which suggests the cost leadership approach adopted by Tata. Do you think this step may snatch the leadership position
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Strategic Alternatives in Health Care Organizations- Article Reviews Tina Sampers Colorado State University- Global Campus Strategic Health Care Management HCM560 Dr. David Milen December 07‚ 2014 Strategic Alternatives in Health Care Organizations- Article Reviews Strategic alternatives in health care evolve as a company determines the need to expand‚ reduce‚ or maintain the current scope (Ginter‚ Duncan‚ & Swayne‚ 2013‚ p. 215). The multitudes of companies within the health care industry share
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Hotel/Motel Market Analysis Developing a business plan for an existing business or conducting a feasibility study for a new venture requires a thorough analysis of market conditions. Market conditions in your area have a significant impact on the profitability of your hotel or motel. The strength of the local lodging market affects how many rooms you can sell and the rates that you can charge. This guidebook will help you analyze your market so that you can gauge the potential of your operation
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Essentials of Planning and Managing by Objectives OBJECTIVES After studying this chapter‚ you should be able to: 1. Understand what managerial planning is and why it is important. 2. Identify and analyze the various types of plans and show how they relate to one another. 3. Outline and discuss the logical steps in planning and see how these steps are essentially a rational approach to setting objectives and selecting the means of reaching them. 4. Explain the nature of objectives. 5. Describe
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Executive Summary The center of our industry and competitor analysis research is MGM Mirage‚ the second largest casino hotel operator in the world with $7.2 billion in revenues in 2008. The only company that surpasses MGM Mirage by revenue and scale is Harrah’s Entertainment Inc. with $10.8 billion in revenues in 2008. Other competitors that should be considered are Las Vegas Sands Corp. and Wynn Resorts Ltd with respectively $1.7 and almost $1 billion in revenues in 2008. Our
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