Analysis of Codman & Shurtleff
Codman & Shurtleff is an autonomous subsidiary of Johnson and Johnson (J&J). J&J is a decentralized company which has 3 basic doctrines to achieve success decentralized management, sense of responsibility and long term management. J&J has 155 autonomous subsidiaries in 46 countries and it employs 75,000 people worldwide. These 155 units are divided into sectors based primarily on products. Codman & Shurtleff employs 800 people in 3 manufacturing locations and competes in 12 major medical product groups.
Codman & Shurtleff s mission is similar to the building strategy, the company is focus mainly on innovation and differentiation, and its strategy is based on investing in R&D and developing new
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Although there is not punishment it is clearly stated that "the profit plan and the second year forecast are used to run the business and evaluate managers on planning, forecast and achievements'.
4. Force busy managers to review their strategy: this planning and control system force managers to abstract themselves from the every day activities and revise the company strategy, its results, its potential threats, the projects scope, the market needs, etc. By doing this exercise, the company managers have to sit and think about the company's mission and strategy more than once a year. This also permits management realizes what is going good and what is going wrong early and take some action. In Codman case this allows management to reformulate their strategy if it is necessary.
5. Three revisions: this tend to be seen in many cases as a weakness but, since Codman & Shurtleff market environment is very uncertain and unpredictable this kind of practice actually results beneficial because managers develop planning and budgeting skill in a variable environment.
6. Multi step approval: this make more difficult at certain point to approve a plan with flaws or with weak back up strategy.
Weaknesses of the System:
1. No changes are suggested: the committee that reviews and approves every subsidiary of Johnson and Johnson
the difficulty of strategy execution and the tools managers can use to make strategy happen. As the title
There are 10 basic tasks for “The action agenda for executing a strategy”. These 10 tasks are: Build the organizational capabilities required for successful strategy execution, establish a strategy supportive of organizational structure, and allocate sufficient resources to the strategy execution effort, Institute policies and procedures that facilitate strategy execution, adopt best practices and business processes that drive continuous improvement, install information and operating systems that support strategy execution activities, tie rewards and incentives directly to the achievement of strategic and financial targets, instill a corporate culture that promotes good strategy execution, exercise strong leadership to propel strategy execution forward, and staff the organization with the right people for executing this strategy. If managers execute these 10 tasks well, the company has a higher success rate.
There are many important elements of the book, The Scarlet Letter, but the five most important scenes start with Hester being set free from prison with Pearl. Then the second scene is Roger Chillingworth, Hester’s husband, coming to town to seek revenge. The next is the scene where the governor threatens to take Pearl away from Hester. The fourth is Hester removes the letter off her chest in the woods. So, the last scene is Dimmesdale reveals his sin on the scaffold to the entire town. All of these significant scenes in the book helped show the moral of the story, which is to be who you are, be true to yourself, and show it to others.
This process results in deployment of action plans at all levels of the organization to enhance execution of organizational strategy (Hill). The Strategic Development and Deployment Process (SDDP) have undergone multiple cycles of refinement and these refinements ensure a laser focus on execution of strategy to deliver the mission and achieve the HCM vision (Hill). HCM deploys and implements any new action plans through the Always Culture alignment and the Leadership System Processes (Hill). This system is a 6 step process involving set and communication direction, integration, organize and align, perform to plan, and sustain (Hill). This means that the EC identifies and prioritizes strategic opportunities and defines key large-scale improvement/ Innovation strategies (Hill). Once approved by the board, the Strategy Map is communicated to the workforce and key stakeholders through Key Communication and Workforce Engagement Methods (Hill). The EC ensures that strategy is fully integrated across the organization through use of cross-functional Strategic Breakthrough Initiatives (SBI) or large-scale facilitated teams (Hill). Integration is further ensured as department directors define department-level action plans that support organizational SBIs and strategic objectives and goals
“The greatest achievement of the human race was not conquering death. It was ending government,” declares Neal Shusterman in his book, Sythe. Neal was familiar with advancements and issues such as corrupt authority own experiences. He uses this knowledge and these experiences for themes in his writing. Sythe takes place far in the future, where people have ended natural death and have gotten rid of government. They replaced it with a technology, known as the “thunderhead.” The people of this society have problems with overpopulation and have people called sythes to kill or "glean" people. Sythes, however are not monitored by the thunderhead which gives some new generation corrupt sythes too much power. The main characters, Citra and Rowan, are taken as apprentices by an older, more honorable sythe and get put into the center of problems in the sythedom. In Sythe, Neal Shusterman uses symbolism, illustrates the issue of corrupt authority, and discusses other issues of our modern society.
It is important that before submitting the new strategies, the worker consults with the team or the people directly involved or beneficiated by the new strategy. They have to be consulted because they are the responsible of the operations in that specific department and at the end they and their efficiency and productivity are going to be the affected or beneficiated by the new strategy.
The majority of the victims who were executed for murder crimes have been African American which killed a Caucasian individual. The state in which the crime is committed, has an impact on which the defendant receives sentencing.
Giddens, A, 1991. ‘The self: Ontological security and the existential anxiety’ Chapter 2 from modernity and self identity. Self and society in the late modern age, Cambridge: Polity Press.
‘Strategic Management’ is a very complex term as many eminent researchers and scholars have had different views and conclusions on strategy. According to White (2004), “Strategic Management involves both systematically developing an idea together with its implications and testing the empirical validity & usefulness of that idea against the real world.” Thus strategy is not only about planning for future but also about confirming the validity of the hypothesis considered and implementing it successfully. Strategy formation may take various forms such as implicit, explicit or emergent. Implicit strategy is a strategy formed by intuitions of an individual. As per implicit strategists, strategic management is about reading the environment
Aggression is a complex issue to contextualise as it can mean both hostile, attacking behaviour and verbal behaviour with intent to cause harm. However, aggression may also be reactionary in response to environmental factors. Teenage aggression arises from negative environmental influences during upbringing. The roles of peers, family and media shape these environmental influences which include: bullying, abuse in the home, and violent video games.
Planning system weaknesses: To begin with, fundamental assumptions, such as new plants, inventory carryovers, packaging trends, etc., which are used for initial sales forecast, are entirely made by corporate headquarters. However, the divisional managers assume full responsibility for the estimates they submitted to the corporate head office. As a result, they have to make efforts to increase the overall accuracy of forecast and avoid making changes in subsequent reviews of the budget. Moreover, each product line uses the same forecasting method. It is ineffective for the company to make accurate budget since factors affecting each product line are different, such as industry trends, customer preferences and so on. Lastly, instead of plant managers, the district sale managers raise the sales budgets. However, the plant managers are held accountable for this budgeted profit number, which is connected with their performance and is not controlled by them.
Changing circumstances and ongoing management efforts to improve the strategy cause a company 's strategy to evolve over time—a condition that makes the task of crafting a strategy a work in progress,
In the book “Good Strategy and Bad Strategy”, Richard Rumelt illustrates examples of success and failure of business management to explain the true meaning of the strategy, and tells companies how to develop a correct strategy and adhere to core of management strategy. He also emphasizes the central role of strategic management as to remind the readers to understand the huge difference between a good strategy and bad strategy. This book has three sections: good and bad strategy, sources of power, and thinking like a strategist. I will be evaluating strengths and weaknesses under these topics. After finish reading the book, I had gained a better understanding of what a good strategy means to the success of a company. According to Rumelt, a good strategy is coherent, where companies pursue multiple objectives that are connected with each other. Rumelt points out that a good strategy consists of three elements: diagnosis, guiding policy, and coherent action. (71) First, diagnosis means to define the obstacles and challenges that the companies are facing, and guidelines help the people to overcome the obstacles. Lastly, coherent action is the activities or actions that company did to be consistent with its guiding policy. Today, many of us lost the focus of the strategy, which results in the downward of businesses and organizations. Rumelt has defined the strategy as acknowledging the main problems and take coherent action to overcome the problems. Moreover, he illustrates
Alice’s Adventures in Wonderland and Through the Looking-Glass are both widely thought to be books filled of nonsense by adults because adults search for meaning in the wrong places. People are taught from a young age to analyze books in a “traditional” way, which is identifying the five stages of plot (exposition, rising action, climax, falling action, and resolution) and to look at the story one part at a time, slowly analyzing the whole book. This method becomes ingrained in their minds and they do it subconsciously. This frame of thought causes most adults to be unable to see the true meaning of Lewis Carroll’s two books, but at the same time helps adults obtain more than originally intended: “Although we can never hope to explain fully what these books mean or how they have secured their high place in the world’s literature, our efforts in this regard can yield many important insights about them and about their meanings for us,” (Rackin, 18). Adults are also taught there is always main plot that slowly builds towards the end, revealing a central theme. But in these books there is no main plot and Carroll uses the central theme to go back and give meaning to the rest of the events in the books. The themes of Alice’s Adventures in Wonderland and Through the Looking-Glass are conveyed through the structure of the book, rather than the theme. The theme must also be read with the perspective with that of a child rather than an adult to fully understand these books.
The strategic management process is based on the belief that businesses should continually monitor internal and external events so timely changes can be made. To survive, firms must be able to identify and adapt to change. This involves timely planning, directing, organizing and controlling of the strategy-related decisions and actions of the firm (Camerer, 195-219).