BUSM 3125 STRATEGIC MANAGEMENT ASSIGNMENT 1 Strategic management is the analysis‚ decisions and actions undertaken by an organisation in order to create and maintain its competitive advantages (Dess‚G‚ lumpkin‚ G.T & Eisner‚ A). So while undertaking these steps‚ a firm has to consider both its internal and external environment to achieve the necessary goal. In the present day scenario‚ every firm and organisation aims at expanding their businesses in the global markets. Globalization is mandatory
Premium Management Strategic management Organization
Dell Computer Corporation Embry Riddle Aeronautical University October 6‚ 2012 Dell Computer Corporation The Dell Computer Corporation was founded in 1984 by Michael Dell from his dorm room at the University of Texas at the age of 19 with $1000. The original name of the company was PC’s Unlimited. The corporation was started with a simple premise as its basic foundation: so that personal computers could be built and sold directly to customers and by doing this‚ Dell could address their specific
Premium Dell Strategic management Personal computer
Dell Computers1 Introduction Dell Computers was founded by Michael Dell in 1984 and has its corporate headquarters in Round Rock‚ Texas. Michael Dell’s winning idea was to sell computer systems directly to customers‚ allowing him and his company to understand customer needs well and therefore to provide the customer with the most appropriate computing solutions. Dell still practices the direct business model‚ saving time and cost by bypassing retailers and passing on the cost savings to the
Premium Personal computer Dell Marketing
Dell Brand Audit Brand Inventory History Dell Computer was founded as PC’s Limited in 1984 by Michael Dell. It is one of the largest hardware manufacturers and computer corporations. Dell Computer mainly develops‚ sells and supports computers and related products and services. Dell grew during the 1980s and 1990s to become (for a time) the largest seller of PCs and servers. As of 2008 it held the second spot in computer-sales within the industry behind the Hewlett-Packard Company. The company
Premium Personal computer Hewlett-Packard Dell
Strategic Audit Name Institution PART A: Advantages of a Strategic Audit A strategic audit measures the quantitative and qualitative aspects of the performance of a firm based on its past performance. This information will be important to the management in regard to the making of strategic business decisions (Victoria‚ 2010). Strategic auditing has many advantages. First‚ strategic auditing fosters quality decisions resulting from a conceptual understanding of
Premium Audit Auditing External auditor
The Strategic Audit Many companies begin their operation in different ways. Some companies start with a lot of capital and become successful‚ while others start with very little capital and still find success. However‚ once profitability has been achieved‚ it can be very difficult to maintain in the long run. One tool many managers use in order to keep operations running smoothly is the strategic audit. A strategic audit is used to compare current operations with ideal operating conditions.
Premium Management
all of this happens accordingly. Michael Dell the founder and Manager of Dell computers perfectly shows all of these skills. Dell computers are a multinational computer trading company that was first established back in 1984. Dell develops‚ sells‚ repairs and supports computers and their related products and services (Dell‚ 2013). Michael S. Dell the creator of this business used his impressive entrepreneurial skills along with his fascination with computers to establish and uphold this internationally
Premium Dell Strategic management Management
Very simply put‚ strategic planning identifies where the organization wants to be at some point in the future and how it is going to get there. The "strategic" part of this planning process is the continual attention to current changes in the organization and its external environment‚ and how this effects the future of the organization. Skills in strategic planning are critical to the long-term success of your organization. This form of planning includes: a) Taking a wide look around at what
Premium Strategic management Management
a process that is often known as a Strategic Audit. The external environment in which a business operates can create opportunities which a business can exploit‚ as well as threats which could damage a business; however‚ to be in a position to exploit opportunities‚ or respond to threats‚ a business needs to have the right resources and capabilities in place. The process of conducting a strategic audit can be summarized into the following stages: Resource Audit‚ Value Chain Analysis‚ Core Competence
Premium Strategic management Management
mission is to be the most successful Computer Company in the world at delivering the best customer experience in markets we serve. Financial position: As of 2010‚ Forbes estimates Dell’s net worth at $13.5 billion. Net Income $1‚433 million in 2009 Major competitors: Major competitors of dell are 1Apple 2Hewlett-Packard(HP) 3IBM 4Samsung 5Sun Microsystems 6Gateway 7Lenovo 8Sony 9Acer 10Toshiba 11.Asus 12.Hcl 13.Lg SWOT Analysis of Dell Computer Strengths Dell’s Direct Model approaches
Premium Personal computer Customer service Computer