3. Strategy implementation and top management leadership are the driving forces which turn strategy formulation into business reality. Elaborate the role Management Leadership contribution in India’s Amul and Starbucks assignments
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Q3. Strategy implementation and top management leadership are the driving forces which turn strategy formulation into business reality. Elaborate the role Management Leadership contribution in India’s Amul and Starbucks assignments
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- Michael Porter identified different strategies for competing in the marketplace.Conduct further research and then provide an example of an organisation usingeach strategy below, other than those provided in your prescribed material:a) Cost Leadership strategy;b) Differentiation strategy;c) Focus strategy.Overview of Strategic Management with Social Responsibility and Ethics ·What are some fundamental ethical approaches that managers should consider and why? In your view, is there one particular approach that is more essentially important to implement, and/or more universal? Explain · Discuss in scholarly detail the benefits and risks associated with strategic management. · Discuss in scholarly detail the purpose of a business strategy and expand on these concepts discussing a differentiation business strategy. Based on this strategies, how could an organization be a late mover and yet succeed with a strategy of differentiation and why? · Explain the newest trends in mission components and also differentiate between company philosophy and public image and why organizations should consider either or both in its overall mission. · Discuss in scholarly detail the defining principles and the implementing principles of the corporate…Select TWO DIFFERENT organizations i.e UNILEVER AND P&G brief SWOT analyses of both the organizations. In the SWOT Identify SEPARATELY at least TWO Strengths, Weaknesses, Opportunities, and Threats EACH for the selected organizations. Based on the SWOT analyses of both the organizations IDENTIFY THREE strategic choices (Such as Market Development, Diversification, Retrenchment Strategies etc.) for each of the organizations. Based on the Developed Strategic Choices, Compare and Contrast the strategic choices of both the organizations. Briefly discuss the PROS and CONS of the Choices for both the Organizations.
- Describe top-down strategic planning. How does it differ from bottom-up strategic planning? Which is usually more effective in implementing security in a large, diverse organization?Establish a relationship between ‘Strategic Directions’ and ‘Vision’ of a company. Develop a mission statement based on the Vision and relate it with strategic objective of the company? The vision is given below: VISION:L&T shall be a professionally-managed Indian multinational, committed to total customer satisfaction and enhancing shareholder value. L&T-ites shall be an innovative, entrepreneurial and empowered team constantly creating value and attaining global benchmarks. L&T shall foster a culture of caring, trust and continuous learning while meeting expectations of employees, stakeholders and society.DISCUSS COMPREHENSIVELY (IN DETAILS), USING RELEVANT BODY OF KNOWLEDGE (FROM LITERATURE) AND PRACTICAL EXAMPLES FROM ORGANIZATIONS WITHIN a country, YOUR UNDERSTANDING OF MGT 530 (STRATEGIC MANAGEMENT) WITH REGARD TO THE FOLLOWING: PLANNING IN STRATEGIC MANAGEMENT. STRATEGIC MANAGEMENT PROCESS. STRATEGIC MANAGEMENT ENVIRONMENT. CULTURE IN STRATEGIC MANAGEMENT. TYPES OF STRATEGIES.
- 48) Which of the following are external factors that affect the implementation of the strategy? a) Strategy b) Consumer markets c) People d) Top managementExplain the levels of involvement in strategic management and the role ofstaff at each level. How does the strategy hierarchy facilitate this?Clearly identify and discuss three (3) internal and three (3) external drivers, which Peter needs to consider as part of his strategic planning exercise relative to the case presented. Information from the scenario must be included to support the discussion. Internal drivers: Profits & Revenue, Mission, Vision, Political Environment, Ethics & Coporate Social Responsibility, Corporate Culture External drivers: Innovation/Change, Market Shifts & Creation, Taxes & Regulations, Customer Needs, Technology Advancements, Globalisation, Competitors
- Strategic managementIn order to prepare and formulate the strategy, a strategic analysis must be conducted for each of the external environment of the organization as well as the internal environment of the organization. Explain this with the application of this analysis to a Saudi company. In addition to clarifying the strategic methods used in analyzing the conditions and conditions of the industryWho is Michael Porter? What is his argument as it relates to business strategy?1.State the problems facing the manager/key person 2.Identify and link the symptoms and root causes of the problems 3.Differentiate short term from long term problems 4.Conclude with the decision facing the manager/key person