There has been a large amount of research into what strategy is, since Michael Porter’s perennial work in the 1980s. Studies done on the execution of strategy have been far less numerous. However, there is one major understanding about the execution of strategy. The execution of strategy is a vital part of success in business. A summary of many myths surrounding various strategic executions will be outlined, along with their subsequent analyses.
Watkins, M. D. (2007). Demystifying Strategy: The What, Who, How, and Why. Harvard Business Review. Retrieved from
Please answer the questions posed at the end of each case study in essay form. Each essay will be judged on your capacity to present strong, logical discussions that support your conclusions.
Strategy is a set of complicated tactics formulated by the executives of a company directed towards the achievement of company’s goal (Salmela, 2002). It is about all the path ways that a company would follow to reach its ultimate goal. It is a company’s strategy which helps to identify what it does better than the other companies in the industries, which may be different from what it does best. For successful strategy formulation and implementation, a company should know the needs of customers and should have knowledge of its competitors. Through a good strategy a company would identify that opportunity which makes it different from the others (Thompson, 2005).
Madonna’s main objective was to set an outstanding image for herself. She always makes her music a number 1 priority. Her personality demonstrates a vision of her music, we can see how the music can play. Nothing, only does her personality represent her music, but it’s a gateway to her actions. Madonna started
Madonna has stated her identification as a “queer” supporter, and has publically aligned herself with gay culture and politics. Many of her truest fans are a part of the lesbian, transgender, and gay community. Even amongst her more vocal support and greater understanding of the queer community, Madonna’s use of gay subculture is appropriation because of the place of power and privilege she comes from as a straight, white celebrity. Musical critic Carol Benson states that “Madonna’s individual economic and social power removes her from the conditions and struggles of subaltern groups so that her appropriation of the subcultures and stereotypes, no matter how well intentioned, can never be more than a form of subcultural tourism.” Due to her position of agency, Madonna masks the powerlessness of this subcultural group and benefits from the use of their exotic identity without having to deal with the lived reality of being queer. Additionally, Benson makes a compelling case about the effects of Madonna’s cultural appropriation. Even taking into account all the identities Madonna has worn, her celebrity is ultimately constructed as a
Strategy can be defined as being different from one’s competitors, finding the race to operate and accomplished it. According to Michael Porter (1996), while becoming better at what you do is desirable, it will not benefit you in the long run because it is something other competitors can also do. Strategies for organizations are originally developed by Michael E. Porter in 1979 by introducing the five forces model. A company can identify the industry profitability and attractiveness by analyzing the five forces of Porter (Johnson et al., 2008). And then a reasonable strategy can be set up in line with the strengths and the weakness of an organization is able to create a plan for a stronger position for the organization within its
There are a gazillion companies out there, but some stand out. Whether it is because of their popularity, affiliations, history, profile or service, one factor simply makes or breaks a company; it’s strategy management process.
Strategy formulation has been acknowledged as one of the most crucial factors of ensuring the long-term growth of the business. However, the manner in which strategy is formulated, and most importantly, the nature of the strategy chosen for the company determines its future position in the marketplace (Grant, 2005).
There is a perception and ideology among consumers who are exposed to the content in which certain artists choose to demonstrate through their music. It is a simple determinist view to place the notions that entertainment moguls like Nicki Minaj are using their overexposed sexuality to increase sales in all revenues they may be apart of, but there is also a deeper meaning entailed that incorporates an empowering margin of women that is not always shown in the media industry. Nicki Minaj actions may not be those of a traditional approach to feminism,
To conceptualize the meanings and effects in her music, films, concerts, and public relations stunts requires that her artifacts be interpreted within the context of their production and reception, which involves discussion of MTV, the music industry, concerts, marketing, and the production of images (see Kellner 1995). Understanding Madonna's popularity also requires focus on audiences, not just as individuals, but as members of specific groups, such as teen-age girls, who were empowered in their struggles for individual identity by Madonna, or gays, who were also empowered by her incorporation of alternative images of sexuality within popular mainstream cultural artifacts. Yet appraising the politics and effects of Madonna also requires analysis of how her work might merely reproduce a consumer culture that defines identity in terms of images and consumption. It would make an interesting project to examine how former Madonna fans view the evolution and recent incarnations of the superstar, such as her marriage and 2001 Drowned World tour, as well as to examine how contemporary fans view Madonna in an age that embraces younger teen pop singers like Britney Spears or Mariah
Strategy is important for any business, as the combination of goals, perspectives, beliefs, and actions that comprise a company's strategy have a direct impact on that company's success, profitability, and impact on the industry, environment, and community in which the company operates (Thompson et al, 2011). Without a proper strategy in place any business is ultimately doomed to failure, as improper strategies or a complete lack of focused strategy leaves a company vulnerable to innumerable risks arising both internally and externally, without an effective means of taking advantage of opportunities or ensuring operational efficiency and effectiveness (Thompson et al, 2011). Smaller businesses and single-business companies, while simpler to operate in some ways, can be even more dependent on successful and well-adjusted strategies, as they are more susceptible to shocks and sudden changes in their chosen industry of operation (Butler, 2001; Longenecker et al, 2005).
The stage is dark. Thousands of screaming fans wait in agonizing anticipation. Smoke crawls out from the stage, and out struts a confident blonde woman. With the spotlight focused entirely on her, the crowd erupts into deafening applause as she begins her incomparable dance routines. She is an icon. She is Madonna. History has never seen a cultural figure with as much controversy or flair for the dramatic as Madonna, nor will history ever see such a figure. Madonna’s name is recognized by everyone, as is evidenced in a survey taken of fifty people of varying ages (shown below). These facts alone are enough to engrave her name in pop culture history, but the making of an icon does not stop there. Madonna is the quintessential example of an American icon because of her revolutionary changes to both the worlds of music and fashion; her entire life, from her early childhood to her 50th birthday and beyond, has challenged the conventions of society and changed the face of the music industry forever.
Ironically, Scism had a great strategy plan of how she would conquer increasing the revenue for the art center. A strategy is when "top management's plans to attain
In order for a business or corporation to grow and expand at a calculated pace, they must be able to strategize the proper business plan to get there. A strategy is a set of analytic techniques for understanding and influencing the firm 's position in the marketplace (Raimundo, 2001). Having a business