Business Policy Final Exam Review 1: Strategic Management: set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal)‚ strategy formulation (strategic or long-range planning)‚ strategy implementation and evaluation and control. Emphasize the monitoring and evaluating of external opportunities and threats in light of a corporations strengths and weaknesses. 2: 4 phases of strategic management:
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in Industrial relations. 1) HRM in personnel management : This is typically direct manpower management that involves man power planning‚ hiring‚ Training & Development‚ Induction and Orientation‚ transfer‚ promotion‚ compensation‚ layoff and retrenchment and employees productivity. 2) HRM in Employee Welfare : This deals with working conditions and amenities at the workplace. This includes a wide array of responsibilities and services such as safety services‚health services‚welfare funds‚social
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BOSTON CONSULTING GROUP MATRIX ( BCG ) This technique is particularly useful for multi-divisional or multiproduct companies. The divisions or products compromise the organisations “business portfolio”. The composition of the portfolio can be critical to the growth and success of the company. The BCG matrix considers two variables‚ namely.. N MARKET GROWTH RATE N RELATIVE MARKET SHARE The market growth rate is shown on the vertical (y) axis and is expressed as a %. The range is set somewhat
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The Impacts of Global Financial Crisis Financial systems can contribute to economic development by providing people with useful tools for risk management‚ such as credit for productive investments‚ instruments for saving and insurance‚ and payments services. At the same time‚ when financial institutions fail to manage the risks they retain‚ they can create severe financial crises with devastating social and economic effects‚ especially for the world’s most vulnerable people. Crises can hit hard
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Company currently only has one major source of funding‚ MUI‚ which owns 40% of Laura Ashley’s stocks‚ and its willingness to invest further is questionable since £43.5 million of investment only resulted in a deficit in 1999. • Expansion vs. retrenchment: one of Iverson’s turnaround strategies is to rid the small‚ unprofitable stores‚ and open new‚ larger stores that are supposedly more potentially profitable. Floor space has increased since the mid-90 but number of stores has decreased. According
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Within any given organization‚ a set of norms‚ values‚ and behaviors are established to create one of many factors that drives the company’s performance. These underlying assumptions are known to be what is defined as the organizations culture. An abundance of research has been conducted to truly define what the definition of culture really is. One can conclude that the organizations culture determines how things are executed within the company and sets a perception of its environment. Consequently
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2/22/2013 The Value Chain Strategic Management • Value Chain – Value chain is a convenient way of looking at the firm’s activities Introducing Strategy Management – The functional activities within the firm that create value in the goods and services produced (Basic Concepts of Strategic Management) Lecture 3 21.2.2013 – Value chain: all the activities that a firm uses to design‚ produce‚ market‚ deliver‚ and support its product Dr. Kayhan Tajeddini Associate Professor
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employee should be treated by the employer as physically fit to serve the employer ; Mohsen Jute Mills Ltd vs Labour Court ‚ Khulna (1999) 4 BLC (AD) 172 23. Punishment for conviction and misconduct: (1) Notwithstanding anything regarding lay-off‚ retrenchment‚ discharge and termination of service as provided elsewhere in this Act‚ a worker may be dismissed without prior notice or pay in lieu thereof if he is- (a) convicted for any criminal offence; or (b) he is found guilty of misconduct under section
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Adidas case study Mission Statement Evaluation Matrix Adidas has a non-traditional form of a mission. Adopting the “one” theme‚ the company wants to signify a sense of harmony and integration between its people‚ plan and goals. “ AG is ccommitted to being a global leader in the sporting goods industry by producing brands that are novel‚ fun‚ and have a passion for atheltics and active people worldwide. We are committed to delivering industry leading financial results‚ innovating and the most
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ISSUES As noted throughout this analysis‚ Jamba Juice has a number of organizational issues. Primarily‚ Jamba Juice mismanaged their rapid growth‚ which reduced their margins‚ increased their operating expenses‚ and stalled their cash inflows. Failure to instill any organizational culture of financial discipline allowed these problems to permeate throughout the company. The seasonal demand of smoothies was another issue‚ as it created downturns in revenue at certain times of the year. A lack of thoughtful
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