Strategic Management and Planning

Successful organizations develop both, short and long term goals focus on operational and financial strategies. This process needs constant evaluation in order to identify opportunities for growth. The goal of every healthcare facility should be to become a leader in the industry, attract high-quality staff and health experts, and establish cutting-edge services for the community. By reviewing current operational realities while working a market research enables the organization to develop strategy solutions to address environmental concerns.

Formulate a process for undertaking strategic planning in your area of interest. What is the need for strategic planning at this time? Which actors should be involved? How do you apply the steps and procedures discussed in Berman Chapter 4 to your process? Which steps would you undertake to ensure that conditions for success are in place?

Online commerce was introduced to consumers in the mid-1990’s, and in the years since, it has grown exponentially. It started out virtually nonexistent and has become a multi-billion dollar industry. Nearly every retail sector has entered online commerce; clothing, electronics, home, health and grooming items, even food and groceries are starting to gain traction online. Online commerce sites rival traditional brick and mortar stores such as Walmart and Target, as well as other big-box stores. As online retailers such as Amazon continue to expand, many brick and mortar stores have been making their way online, indicative of an increasing movement towards online commerce. With more than 80% of the online population having made an online

Many people are moving from physical stores to purchasing merchandise and services on the Internet. Today,

Online purchasing is becoming more and more practical thing for contemporary customer. It is explained by high internet penetration in every country, lower cost than in retail network, door to door delivery. Internet plays an important role nowadays; therefore it creates a new market, which sometimes is quite difficult to measure. Online shopping is different from the B&M shopping due to the fact that there is no physical presence of goods, from other standpoint internet is able to sell way more services and motivation and decision making process directly connected to the feedbacks.

This report demonstrates the evaluation of current performance of JD Sports Company. Method of Analysis includes Ansoff’s matrix and Porter’s generic growth strategies to discuss the nature of the market which JD Sports invest in. The financial methods are including the flexibility and stability of JD sports which judged by the liquidity, current ratio, operation capital, gearing and profit margin of this company. These figures could be collected from the annual report or balance sheet. This report analyzed the JD sport’s position in the market, and used generic and external growth method to expand market size. Such as acquired a lot stores to improve business profitability. Obviously, JD has expanded to the European

Blue Nile’s business model is to offer high-quality diamonds and fine jewelry at competitive and attractive prices. Blue Nile strives to provide customers with useful information throughout the buying process, including educational information such as grading reports on the diamonds.

“Blue Nile’s vision is to educate its customer base so that customers can make an informed, confident decision no matter what event they are celebrating. It wants to make the entire diamond-buying process easy and hassle-free. In addition, an important part of Blue Nile’s vision as CEO Diane Irvine said in a recent webinar with Kaihan Krippendorf, is for the company to be seen as the “smart” way to buy diamonds, while saving 20%-40% more than one would in the typical jewelry store.” (Hoffman, 2010, p.1).

When Blue Nile first came into the industry they spent a good amount of money on advertising but in the last years have not made enough effort pulling back. As a result, the company is not well-known around the United States as it could be. Blue Nile should consider advertising its company through the United States. Blue Nile does offer low prices diamonds but if a potential customer is not aware of the company’s existence, sales could be missed. The company has a lot of dangerous competitors such as Tiffany. Tiffany stores can rely on brand recognition; however, Blue Nile is not as well recognized and cannot benefit of Tiffany’s name advantage.

The BIRAC Analysis on Tiffany’s & Co., a premier jeweler and specialty retailer with corporate headquarters in New York, New York will be used to identify potential strategic marketing alternatives. Although, Tiffany & Co. has had much success and continues to grow, this BIRAC will provide new marketing strategies as well as a new target market that they have yet to tap into. With the jewelry industry being fiercely competitive, Tiffany & Co. has always stood out as a premier fine jeweler. They have strong recognition inside and

Globalization changes have impacted Burger King in the following ways; since the company began in 1953 with its first restaurant in Jacksonville, Florida and opened several locations across the United States, the company began its international expansion in 1969 with its first international franchise location in Canada, followed by Australia in 1971, and Europe in 1975. The setting up of franchises outside the United States was as a result of fast food opportunities arising outside the United States. So as to fully integrate in the international market, Burger King had to adopt and embrace

JEM has taken the effort to design an e-commerce site that is in line with their brand mission and personality. Each piece has information about where it was sourced, price, certificate, details and information about the recyclable packaging. There are no misunderstandings; there is only clarity and consistency of a sustainable brand that is taking efforts to make a global difference while building prosperous and healthy relationships within jewelry sourcing. Figure 34 shows how the product is represented. JEM has gone above and beyond to stand out among its competitors and fill a void in luxury jewelry that is often unspoken:

What are some key success factors in diamond retailing? How do Blue Nile, Zales, and Tiffany compare on those dimensions?

Pandora jewelry locator lower costs prompted the Pandora jewelry, with Pandora jewelry cheap price, obtained the advantage, make its "goods" pure and price, the image of target consumers Pandora jewelry won. "Excellent service, pure price" is the spirit of enterprise as a whole.

Future- oriented: Strategic management encompasses forecasts, what is anticipated by the managers. In such decisions, emphasis is placed on the development of projections that will enable the firm to select the most promising strategic options. In the turbulent environment, a firm will succeed only if it takes a proactive stance towards change.