PEP STORES: AN EVALUATION OF THE STRATEGIC DEVELOPMENT OF THE ORGANISATION INTRODUCTION AND OVERVIEW Like most organisations‚ Pep stores was concerned with the long-term sustainability of the organisation‚ profits/financial performance‚ market performance and the satisfying its stakeholders‚ including the shareholders. With these factors often contradicting each other it is clear Pep stores struggled through the 1990’s balance these competing forces in other to achieve their organisational objectives
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Introduction: Defining the mission statement for a company is often one of the most slighted tasks in strategic management. It is much easier for many executives to emphasize operational aspects of long-term management activities rather than making sure short-term activities are in sync with the long-term goals. The principal value of the mission statement is its specification of the firm’s ultimate aims. A firm gains a heightened sense of purpose when its board of directors and its top executives
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“Rational decision-making is an impossible ideal in strategy formulation and implementation due to incomplete information and organisational politics.” Strategy is formulated and implemented by organisations as a means of gaining competitive advantage and achieving organisational success. Frequent fast‚ widely supported‚ and high quality strategic decisions are the cornerstone of effective strategy (Eisenhardt‚ 1999 in Clegg et. Al‚ 2012). In today’s world of borderless business‚ ever-evolving
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The management culture provides the developing direction of a company. It decides the characteristic and company culture in an enterprise. However‚ the style can be influenced by certain factors‚ such as‚ policy‚ history background‚ social system‚ international competition. In this essay‚ three management styles and two company types will be indentified and discussed. Management style belongs to management strategy; it can be composed of operation strategy‚ company culture and managers. To
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In a dynamic and uncertain environment‚ strategic decision making is important because it can provide managers with a systematic and comprehensive means for taking into account the external environment‚ focusing on an organisation’s strength‚ minimising weaknesses‚ and identifying opportunities in which an organisation can have a competitive advantage. However‚ the decision may still fail if it is not implemented properly. Implementation causes the chosen course of action to be carried out within
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Quotes” "Like a product or service‚ the planning process it self must be managed and shaped‚ if it is to serve executives as a vehicle for strategic decision-making." —Robert Lenz "The difference between now and five years ago is that information systems had limited function. You weren’t betting your company on it. Now you are." —William Gruber "Weak leadership can wreck the soundest strategy." —Sun Tzu "A firm that continues to employ a previously successful strategy eventually and inevitably
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Leadership Style Paper Michael Tafoya David Campbell University of Phoenix Two leadership
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Propose and justify a style of leadership that would be most effective in this 3 day/night expedition at the Blue Mountains for a group of year 11 students. The appropriate style of leadership is the democratic style. A group of year 11 students are too young and inexperienced for a laissez-faire style of leadership‚ too inexperienced for a strategic non-intervention‚ yet too old for an autocratic style leadership. A democratic style of leadership relies on participation of the whole group
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Running head: LEADERSHIP STYLES Leadership Styles Nursing leadership styles have changed over time as leadership theories have developed (Marquis & Hutson‚ 2009). The 1900’s brought about many theories and theorists on leadership and management styles. The new century has also brought new theories and leadership styles to nursing care (Marquis & Hutson‚ 2009). Two different leadership styles‚ which were first identified in 2004 by a noted scholar named Burns‚ are transactional and
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Bachelor of Arts (CMM) SOC October 2012 The communication used by managers in guiding the employees’ efficiency at work Low Yik Woon ABSTRACT Communication is the basis for direction‚ motivation as well as establishment of an effective leadership. Leaders develop interpersonal relationships with the members in organisations are attempt to convince the followers to attain the goals which define the success of the outcome. Effective leaders are responsible to form valued relationships of
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