To: Chief Executive Officer and DMC management team From: External Consultants Subject: Strategic Business Analysis Date: 4th April, 2015 This report is a direct response to the concerns of CEO and the management of company, about the ongoing strategic issues. The current strategic matters and problems in the organizational system are thoroughly analyzed. Purposed strategic changes are presented which address directly to the identified issues, and the tactics for successful implementation are also discussed for welfare of company. Executive Summary DigiMaxCon has been facing many problems because of inappropriate strategy and deprived financial results. Within the analysis, it has been clearly identified that despite the operational …show more content…
Usually cost base strategy is successful if the demand is highly elastic. Still company is unable to produce some unique product, so it is presumed that they are producing undifferentiated product. (Porter, 1980) PESTEL Analysis No such evident local political factor exist which can cause any problem. But unlike foreign government which patronize technological development, Japanese companies are not supported by local government in terms of financial funding. The IT industry has successfully achieved its economies of scale because of high volume of demand – supply. The market is dominated by low cost players as well as premium product supplier. Competition is highly fierce and volatile in nature. While considering computer technologies social factors like demographic patterns, age and population, all goes in favour of the industry because of vigorous demand. Technological considerations are the core agenda of the external environment. Technological inventions and continuous development in this sector has created highly dynamic environment. Industry has been revolutionizing and so the participants of this industry. Ecological concerns are minimum and so such evident environmental threats exist, although this industry is quite prone to legal implications. National and Supra National legislation bodies are scrutinizing IT industry. Especially their policies and compliance regulations
We interview the site general manager for a company called Bombardier Transportation. His name is Jeff Gaffney. His official company title is MARC Operations General Manager. Bombardier Transportation is one of two subsidiaries of the company. The other half is Bombardier Aerospace. The parent company is called Bombardier Inc. Bombardier Inc. is headquartered in Montreal Canada. Jeff Gaffney is only involved in the transportation division of the company which is headquartered in Berlin Germany. Bombardier is the leading manufacturer of trains and the third leading manufacturer of planes. The company as a whole has roughly about 72,000 employees with a revenue averaging around $16.8 billion. These numbers are statistics split between the two divisions of the company. As stated before Mr. Gaffney is involved in the transportation division of the company so that is what the interview was primarily about.
Pearce, J. A. II, & Robinson, R. B. (2009). Strategic management: Formulation, implementation, and control (11th ed.). [University of Phoenix Custom Edition e-text]. New York: McGraw-Hill. Retrieved August 20, 2011, fr
A comprehensive process is often undertaken in the strategic change process was applied to Pacific Cataract and Laser Institute. The objective of the paper is to exhibit the process, conduct a stakeholders? analysis, identify the strategic issues and look into how the company expands its corporate strategic intent, increase customer awareness about the product and by what method to employ to step up
The purpose of this paper is to explain the definition of Strategic Management and why it is critical to the success of an organization in meeting its goals and mission. The paper will include a brief analysis of the situation and pending decision problem, as presented in the case and in relevance to the answer. In addition, the major issues will be surrounding the organization or individuals involved with the organization. Included will be alternate courses of action to
Even though companies have almost similar external conditions, some companies enjoy huge success for years, while other fail miserably, that depends on the sound of strategic management which is a high level plan to achieve one or more goals under uncertain condition. Mintzberg and Waters (1985) stated it is necessary to analyse the strategic formulation and management for the following tasks:
Strategic Management is the theory and practice of making decisions that shape the future of the firm. This course looks at the content and process of strategic decision making from the perspective of managers who are responsible for an entire business unit. These may be individuals who are acting in the capacity of a Chief Executive of a company, divisional General Managers, or departmental heads. It is also the perspective most
All organizations will encounter strategic challenges over their duration of years in business. These challenges will come at all different levels across the company. Knowing that these challenges have happened in the past and will happen in the future, it is important to see how an organization will react to overcome the challenges.
The owner and the appointed committee will engage in strategic consultations multiple times per week to focus on implementing a new strategy that will revolve around uncovering the answers to three burning questions: What are we passionate about? What drives our economic engine? What are we best in the world at? (GTG, pp. 95-96). This method will create restoration to the damaged areas of the company caused by ownership. This tactic will force company executives to steer the company towards profitability, focus on the area best suited for the company and strive towards becoming the number one company in our market. The committee will be responsible for implemented the plan and assuring the CEO follows through with this exploratory period. Success will be measured by the obvious increase in revenue, but also by monitoring overall customer and employee satisfaction. Customers will be given satisfaction surveys that will focus on personal needs being reached and they will also rank their experience with their purchases. Employees will take various surveys to rate moral prior to and after the plan is in place to determine its effectiveness. When there is documented statistics that customer satisfaction, employee morale and scalable
In addition to the executive team, board members and stakeholders must support an EHR implementation. Meyer, CEO, should educate the board and stakeholders to ensure their critical support (Health Research & Educational Trust and College of Healthcare Information Management Executives, 2010). Meyer’s communication can effectually set the stage for success. On the other hand, Meyer could diminish their sponsorship without clear and honest collaboration. The board and stakeholders need to hear how an EHR will improve care, create effectiveness, and help SMC reach its vision (Health Research & Educational Trust and College of Healthcare Information Management Executives, 2010). Meyer, president of SMC, will lay out the steps and
Over the past 46 years there has been an increased in the number of people who are in favor of legalizing marijuana. In a survey conducted in 1969, “12 percent of Americans thought marijuana used should be legal” (Jones 1). Nothing really change in the 1970’s and 1990’s, but in 2000 it “exceeded 30 percent…and was higher than 40 percent by 2013” (Jones 1). Several reasons for this dramatic increase is that more Americans are becoming aware of its medicinal use, also how the legalizing marijuana can help boost in revenue, and “newer generations of adults are more in favor of marijuana, replacing the older generation of adults who aren’t” (Jones 1).
As a bilingual, speaking English requires a lot of sacrifices because in order to speak the language correctly you are going to have to erase your accent. Erasing your accent requires you to forget about your roots, but isn’t bettering someone’s accent by erasing his roots an act of war or a violation of the first amendment? Should people be able to use the dialect they choose? Three articles have their own answer for these questions. The article “The Students’ Right to their Own Language” by the Conference on College Composition talks about how the CCC affirms that the student should have the right to their own language. This article also argues that many English teachers are not prepared to be language teachers and are unwilling and unready
Today in the global business world we know that strategic changes are fundamental in order to
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
Passion is what builds people’s hopes and dreams, and helps them push their way through life. My passion is my horses and live for animals. Since I was a little girl, animals have played a considerably large part in my life. Not only because I have grown up on a farm, but also because I focused my work, hobbies, and future around them. Five-year-old me would never hesitate when people asked me what I wanted to do as an adult, I would immediately respond with, “I want to be a vet.” Now that I am an adult, this field of work still awes me. Ideally, I would go to college and get my undergraduate degree, and then continue into Veterinary Medicine. After college, I would either go directly into a clinic that has already been developed, or I would
This essay will look at strategic management processes and how they can be used to improve organisational performance; it will also describe