Master of Business Administration Strategic Management Assessment INTRODUCTION Yum! operates in more than 130 countries with over 40‚000 restaurants. The organisation is one of the operators of QSR (quick service restaurant). Its brands are KFC‚ Taco Bell and Pizza Hut which specialises in chicken‚ food categories in Mexican style and pizza respectively. Yum! restaurant business entered China in 1987 and has established itself within the Chinese market. The organisation has
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valuable position‚ involving a different set of activities”. It is also defined as “a set of related actions that managers take to increase their company’s performance” (Hill & Jones‚ 2007). Another deep definition would be “A company’s strategy is managements game plan for growing the business‚ staking out a market position‚ attracting and pleasing customers‚ competing successfully‚ conducting operations and achieving targeted objectives" (Thompson‚ Strickland & Gamble). Putting all together in one
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• Rarity 2. What is the strategic management process? What are its major components? Strategic management process is a planning process in which managers establish the organization’s general direction and objectives‚ formulate a specific strategy‚ plan and carry out the strategy’s implementation‚ and monitor results and make necessary adjustments. It major components are: • Strategic vision • Organizational mission • External and Internal environment • Strategic objectives • Formulating and
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dominates that market with its immense strategies and was able to reach a 63% massive profit in 1999. In that year Renault manufactured 2300 cars‚ mostly of them were sold in western Europe. Renault resources and capabilities plays a pivotal role in its strategic success according to porters view and in 1998 it was world’s ninth largest car manufacturer with 4.3% of the market portor’s view ‚ Renault’s main resources and capability is its unique product line that is supported by continuous innovation and
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1943100-371475004572000-35115500-457200-45720000 UNIVERSITI UTARA MALAYSIA COLLEGE OF BUSINESS 11430037338000SESSION 2013/2014 BPMN 3023 STRATEGIC MANAGEMENT GROUP H 1143002095500 PENSONIC HOLDINGS BERHAD PREPARED FOR: DZULHILMI BIN AHMAD FAWZI PREPARED BY: TAN GING YU 212793 LINA TEH JUN YONG213219 TAN TING TING 213346 CHANG QI QI 213358 CH’NG YEE CHENG 213399 DUE DATE: 20 April 2014 Contents TOC \o "1-3" \h \z \u 1.0 Introduction PAGEREF _Toc385541118 \h 12.0 Background
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1. INTRODUCTION TO STRATEGIC PLANNING Strategic Planning Process Defined Successful RBA efforts involve strategic planning‚ implementation‚ monitoring‚ and evaluation (which will ultimately provide data that will be used in future planning and implementation efforts). Strategic planning‚ an essential first step in the development of a results-based accountability system‚ is defined as the process of addressing the following questions: Where are we? What do we have to work with? Where do we want
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19/11/2010 Master II Management Financier (Financial Management) Mr Xavier LEPERS References Johnson G.‚ Scholes K.‚ Whittington R. (2006)‚ Exploring Corporate Strategy‚ Prentice Hall‚ 7th edition. Barney J. & Hansen W (2006) Strategic J W. (2006)‚ Management & Competitive Advantage‚ Pearson Education. Garrette B‚ Dussauge P & Durand R (Coord)‚ Strategor‚ 5ème édition‚ Dunod‚ 2009. 2 Chapter 1: Introducing Strategy 3 1 19/11/2010 Chapter 1: Introducing Strategy From competition
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Ques 1:- “Strategy” and “Strategic Planning” is something that is done once a year which results in a report. Others think it is market position‚ operational effectiveness or an idea or business model. Strategy is choosing to perform different activities that can be preserved and that will provide a sustainable competitive advantage. It is a mental exercise. It is a way of thinking about the world and approaching business. Strategic planning is a process to produce innovative and creative ideas
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Approaches to the strategic management of people There are a number of models of SHRM and in this unit we will look at three: • The best practice view. • The best fit view. • The resourcebased approach. The best practice view This view starts from the premise that a single set or ‘bundle’ of HR policies and practices will lead to better organisational performance‚ sustained over a lengthy period‚ whatever the prevailing business circumstances. What are these socalled best
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Strategic Management Table of Contents Introduction: 2 Overview of HSBC: 2 1. Internal and external analysis of HSBC and reasons for the success: 3 1.1. Internal analysis 3 1.1.1. Strengths of HSBC 3 1.1.2. Weaknesses of HSBC 4 1.2. External analysis: 4 1.2.1. Opportunities of HSBC 4 1.2.2. Threats of HSBC 5 1.2.3. PEST analysis 5 1.3. Reasons behind the success of HSBC: 7 2. Models and frameworks of strategic management and ways of sustaining performance: 7 2.1
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