Chapter 1a: Strategy and the organisation 1.0 What is an organization? 1.1 An organization as a collection of components 1.1.1 Internal environment An organization can be seen as consisting of the following components: Strategies Structures Systems Skills Staff Style Shared beliefs: Social systems Note: McKinsey’s 7S framework 1.2 Organisations as collections of people and entities 1.2.1 Internal Stakeholders (i) Board of Directors (ii) Managers (iii) Staff (iv) Unions
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subsidiaries | | | turnkey operations | 1. Which of the following terms refers to an overseas business owned and controlled by two or more partners? Answer | | multinational enterprise | | | foreign direct investment | | | global management team | | | international joint venture | 1. Alliances in which two or more partners have different relative ownership shares in the new venture are called ________. Answer | | cultural strategic alliances | | | equity
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Turnaround strategy Times of corporate distress present special strategic management challenges. In such situations‚ a firm may be in bankruptcy or nearing bankruptcy. Often turnaround consultants are brought into the company to devise and execute a plan of corporate renewal‚ assuming that the firm has enough potential to make it worth saving. Before a viable turnaround strategy can be formulated‚ one must identify the root cause or causes of the crisis. Frequently encountered causes include:
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12 Strategy development processes 1. Intended strategy: strategies come about as the result of the deliberations of top management. - the rational/analytic view of strategic development. 2. Emergent strategy: strategies do not develop on the basis of a grand plan but tend to emerge in organisations over time. These two views are not mutually exclusive. 12.2 Intended strategy development Intended strategy is deliberately formulated or planned by managers. This may be the result of strategic
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their by two Stanford MBA students with the strategy to reach the young and technologically savvy and young consumers in Russian speaking countries. Twith the founders’ goal of dominating in Russia and other countries of the former Soviet Union is well on its way as WikiMart . that has evolved into a large competitor in the e-commerce industry for that part of the world. The startup company was founded in 2008 by two Stanford MBA students with the strategy to reach the technological and young consumers
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Power Distance (PDI) shows the level of equality amongst a nation. A country with a high power distance represents a high level of in-equality citizens don’t have much of a say in what happens to their economy. Governments are likely to own the businesses in the country‚ meaning there will be no high power in a corporation. Low power distance in a country means there is a high level of equality where people have much more freedom‚ and are likely to be more productive. Masculinity (MAS) vs. Femininity
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One of the first strategies Hyundai should consider is the development of luxury vehicles which could then be heavily marketed toward the upper and middle class cultural societies in United States‚ China‚ Japan‚ Europe‚ etc. While Hyundai has come a long way since it first began‚ the automobile manufacturer has a long path of growth and expansion to meet the consumer recognition of the competition. There are both pros and cons of this type of strategic plan. The greatest advantage presents Hyundai
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Y-M-C-A! A Business Overview of a Non-Profit Organization Crystal Hunter American Intercontinental University Abstract A semi-detailed business overview of the non-profit organization known as the YMCA or Young Men’s Christian Association is discussed. A brief history of the origins of the company is detailed along with the definition or explanation of the company’s mission statement. The organization’s basic legal‚ social‚ and economic environment is described. Likewise the YMCA’s management
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sx07CAGr8_VPhyLab_01.fm Page 1 Thursday‚ July 19‚ 2007 8:43 AM Name ___________________________ Date ___________________ Class ____________ Lab 1: Introduction to Scientific Inquiry Introduction to Scientific Inquiry Purpose To show how the processes of scientific inquiry can help you learn about the natural world Background Scientific inquiry is a way of learning about the natural world by gathering information and then trying to make sense of it. Scientific inquiry does not always occur
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To what extent is growing through integration with other businesses a good way for a firm to increase its competitiveness? Growing through integration is concerned with mergers and takeovers of businesses. There are a number of different ways of integrating: Horizontal (same industry‚ same stage of production)‚ backward vertical (same industry towards a supplier)‚ forward vertical (same industry towards the customer) and Conglomerate (different industries). Growing through integration can have
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