anning MODULE 8: THE CONCEPT OF STRATEGY Structure Plans: A Plan is a goal-directed system of action. It specifies the actions which must be taken and the sequence in which must taken and the sequence in which they must occur in order to achieve some future objective. Basic to all planning is the generic need which the company will seek to satisfy‚ i.e.‚ its mission. This is clearly a top-management decision and one which cannot easily be altered one firm management has decided to commit
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DOMESTIC POLICIES Economy President Fidel Ramos embarked on an ambitious development plan dubbed "Philippines 2000." Under the plan‚ several industries critical to economic development were privatized‚ such as electricity‚ telecommunications‚ banking‚ domestic shipping‚ and oil. The taxation system was reformed‚ and external debt was brought to more manageable levels by debt restructuring and sensible fiscal management. By 1996‚ GNP was growing at a rate of 7.2 percent and GDP at 5.2 percent
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Question 1 1. ------------------------------------------------- ------------------------------------------------- A non-traditional motivation for export is to exploit global presence‚ which means the corporation seeks to: ------------------------------------------------- Answer | | use global money flows | | | access lower cost structures | | | take best advantage of scale economies | | | avoid domestic competition | 5 points Question 2 1. -------------------------------------------------
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environment scenario. Inspiring Unique BUSINESS POLICY: a business policy is a well developed statement of directions and goals . goals involve definitions of precisely what the business is or should be. directions forms the framework clearly guiding the workforce on selecting the appropriate tactics or programs. Framed by the top-management‚ its meant for the managers to take decisions that will be in the favour of the co.s objective. With a clear cut policy‚ the management can effectively handle the
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Safegaurding Policy My first responsibility and priority is towards the children in my care. If I have any cause for concern I will report it‚ following the local Safeguarding Children Board procedures. The relevant local procedures that are held by me are available on request. I understand that child abuse can be physical‚ sexual‚ emotional‚ neglect or a mixture of these. I must notify Ofsted of any allegations of abuse‚ which are alleged to have taken place while the child is in my care. I
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PART B: There are many entering foreign market strategies. Such as export‚ foreign sales‚ licensing‚ franchising‚ joint venture‚ merger‚ Greenfield foreign direct investment. and so on. If a firm want to enter the foreign market‚ it also need to consider about the enter environment and risk levels. There are two parts of foreign market environment. They are macro environment and micro environment. The macro environment includes political‚ economic‚ social and technology. Macro environment
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Behaviour Policy All children and adults are treated with equal concern and are made to feel welcome in my home. I aim to offer a quality childcare service for parents and children. I recognise the need to set out reasonable and appropriate limits to help manage the behaviour of children in my care. By providing a happy‚ safe environment‚ the children in my care will be encouraged to develop social skills to help them be accepted and welcome in society as they grow up. I do not‚ and will not‚ administer
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STRATEGY IMPLEMENTATION I. What is strategy? * Defined from atleast 2 perspectives: 1. From the perspective of what an organization intends to do * The broad program for defining and achieving an organization’s objectives and implementing its missions 2. Pattern of the organization’s responses to the environment over time * Every organization has a relationship with its environment that can be examined and described * This view includes managers who are reactive—who respond
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sphere is big. To show and clarify the potential role of innovation policy in enhancing long-term productivity growth in Russia I would refer to the paper of Christian Gianella and William Tompson. The main problem – is to show‚ what is wrong in Russian Government’s strategy of developing innovation. Why the strategy does not work as it should? But for this I would introduce the past and absolutely new “The strategy of innovative development of the Russian Federation” and would try to
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Definition of Strategy: The term “strategy” is usually used in two perspectives. As an adjective assigning particular important to some actions‚ activity or process‚ it is possible to speak of strategic management‚ strategic planning or decision making. These are all dreams to be activities‚ which are essential to the organization existence. It can also be used as a noun‚ to describe a path way along which the organization moves towards its goals or objectives. The term “strategy” stems from the
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