Essay on Differentiation Framework

Differentiation strategy is generally reserved for companies with a clear competitive advantage. Companies such as Mercedes and Apple employ this strategy. Differentiation strategy is demonstrated when a company provides value to customers through unique unique features and characteristics of a company's products rather than by the lowest price (Open Learning World 2010).

Indicate what you feel are the employees best attributes and skills and what you feel are the kinds of roles that they would excel in.

2. Now consider this list of objectives from the perspective of employees. Using the employees’

According to Ely and Thomas , diversity perspective is use as tool to mediate the relationship between diversity and performance. Diversity perspectives serve as a guide for people’s efforts to create and respond to cultural diversity in work group. It also includes normative beliefs about the value of cultural identity at work. Diversity perspectives assist with the impact on cultural difference have on work. Ely and Thomas (1996) had identify three diversity perspectives which are discrimination and fairness which involved the recruitment and retention of employees from protected groups. Another diversity perspectives is access and legitimacy perspectives which challenges the notions to some degree. Organizations that adopt

Having a work team that is connected to and with the management team is key to success. The commitment to the workforce is ultimately what drives the success of an organization. Managers and or owners need to tap into workers thoughts and how they feel about the company. If and or when the workers are dissatisfied, change needs to happen within policy and procedure. The experienced and knowledgeable workers will find a place that treats them better and with respect.

A differentiation-based strategy is defined as a plan of action designed to provide a product or service with unique attributes that are valued by customers. In Perkins’ business design of High West Distillery, he chose to adopt a differentiation-based strategy for his brand. He is attempting to capture the market niche for super-premium whiskey connoisseurs as well as the rookies.

Different levels of managers evaluate and make strategic decision from different aspects. They contribute to strategies establishment based on their own areas.

In order to benefit from the multicultural environment, it is important to effectively manage the diversity of existing staff. Magdaleno and Kleiner predicted that effective management of workforce diversity "will become the major determinate of the continued survival and success...". (1996) A strong organizational culture can be a priceless intangible asset for any company that plans to grow. A "strong culture" must include artifacts such as rituals and organizational stories to illustrate particular cultural traits. (Lee & Yu, 2004) The research by Denison (1984) has revealed that there is direct correlation between 1)organization of work, 2)decision making and financial performance. Various techniques and strategies, such as recruitment, training, managing "culture shock" and using predictors such as personality traits for international assignments can be used in aligning diversity management with requirements. (Gabel et al., 2005; Migliore, 2011; Uwaje, 2009; Harvey, 2012; Tipper, 2004)

A differentiation strategy seeks to provide products or services that offer benefit that are different from those of competitors and that are widely valued by buyers. (Johnson, Scholes&Whittington, 2008). The aim of using differentiation strategy is to achieve competitive advantage. This could be achieved for example like the clothing brand ZARA, by offering better products at the same price. A differentiation strategy must be based on two key factors: the strategic customers, the company has to identify their needs and values, company also must identify who are its main competitors.

Myriads of global scale organizations are successful due to the ability of leaders to make proper strategic decisions and also implement them. Therefore, the ability of executives to make relevant and strategic decisions not only places the company at a competitive

Differentiation Strategy focuses on competing on added value to it, making it unique to the customers.

Differential calculus is one of the subfields of calculus, and deals with the rate of change of various quantities. The other field of calculus is integral calculus, the two fields being the inverse of each other. One way to understand the relationship is to observe that differential calculus cuts a whole into tiny pieces, to find out how quickly it changes, while integral calculus put the small pieces together to find the whole.

Thru the course I have learned that Strategic Management builds on many processes and that various companies and organizations with diverse backgrounds can teach us valuable lessons. To be on the lookout for what can be considered a beneficial development in an organization or perhaps what can be a bad plan plausibly implemented at the wrong time.

Consistency and Dedication are the key features for an organization or a firm to succeed and these attributes are directly related each employees performance and ability to get a job done.

Classification of Derivatives: Derivatives are classified in terms of their payoffs and as exchange traded and over the counters.