Sab Strategic Issues

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MAM315: Strategic Management
SAB: 10 STRATEGIC ISSUES
Table of contents:

INTRODUCTION Pg 2
BACKGROUND Pg 2
HR STRATEGIES Pg 2
* THE SAB WAY Pg 2
* TRAINING AND DEVELOPMENT Pg 2
* HIV/AIDS STRATEGY Pg 2
SOCIAL INVESTMENT STRATEGIES Pg 2
* HONEYBEE PROJECT Pg 2
* MAHLASEDI PROJECT Pg 2
* KICKSTART COMPETITION Pg 2
MARKETING STRATEGY Pg 3
STRATEGIC ACQUISITIONS Pg 3
ENVIRONMENTAL STRATEGIES Pg 3
STAKEHOLDER RELATIONSHIP STRATEGIES Pg 3
CONCLUSION Pg 4
REFERENCE LIST Pg 4

INTRODUCTION:
The benefits of strategic planning vary from increased profitability and productivity to improved internal communication within the organisation (Ehlers & Lazenby, 2010, pp. 12-13).

HUMAN RESOURCES (HR) STRATEGIES: By attracting the best talent, enhancing their abilities in the workplace, supporting them and awarding their workforce appropriately (Ehlers & Lazenby, 2010, p. 43) SAB ensures that they remain competitive in the market. They have three HR strategies to achieve this: 1. The SAB Way: Employing only the best applicants within SAB and rewarding them appropriately. (Ehlers & Lazenby, 2010, p. 41) 2. Training and Development: The SAB Training Institute (TI) provides training at an international level on all aspects of engineering as well as management development programs (Ehlers & Lazenby, 2010, p. 43). 3. HIV/AIDS: SAB provides support to their employees through an internal proactive HIV/AIDS strategy. The program is aimed at decreasing the cost and negative impact that HIV/AIDS has on the business. This preventative strategy pre-empts potential loss of productivity and provides a support base for those affected.

SOCIAL INVESTMENT STRATEGIES: Corporate responsibility can lead to indirect financial paybacks...
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