Preview

Sab Strategic Issues

Good Essays
Open Document
Open Document
920 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sab Strategic Issues
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
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    Analysis Report of Cango
    • 2019 Words
    • 9 Pages

    Analysis Report of Cango

    References: Archives: Why a Strategic Plan is Important? (2006) Online Business Advisor. Retrieved September 9, 2009, form http://www.onlinebusadv.com/?PAGE=171…

    • 2019 Words
    • 9 Pages
    Better Essays
    Read More
  • Better Essays

    HCS 589 week 1 Strategic Planning Report paper DAB
    • 1550 Words
    • 5 Pages

    HCS 589 week 1 Strategic Planning Report paper DAB

    Mr. Janowski, I am responding to you request to receive information on how the use of strategic management will benefit and help your organization to succeed in the future. By definition a Strategic Planning Report is the use of internal information about an organization that outlines the direction, philosophy, and purpose of that organization. The tool examines the current status in terms of strengths, weakness, opportunities and threats. Helps to set long term objectives and develops short term tactics to reach them.…

    • 1550 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Mgt 521 Week 2 Team Weekly Refections
    • 322 Words
    • 2 Pages

    Mgt 521 Week 2 Team Weekly Refections

    Strategic planning helps guide a business in the right direction to achieve the goals it has set. It makes the company’s intentions clear to employees so that they know their part in the success of an organization. A strategic plan helps the members of an organization alien themselves with common goals. Employees should be committed to the implementation plan as well as poses extensive knowledge of the plan and should receive training in the new procedures in order for the implementation plan to work. This extensive training should include information for a better understanding of the importance of the strategic plan, how to handle the new procedures and also know the benefits and incentives of the strategic plan that is implemented. It is clear that without a strategic plan a business is set up for failure, without any goals not knowing where it is headed. Leaving employees confused about the purpose of their jobs and the organization wandering aimlessly, constantly changing its priorities achieves…

    • 322 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Mgc1 Study Guide 2
    • 1051 Words
    • 5 Pages

    Mgc1 Study Guide 2

    Strategic planning is designed to leverage the strengths of a firm while minimizing the effects of its weaknesses. It is difficult to know the potential advantage a firm may have unless external analysis is done well. For example, a company may have a talented marketing department or an efficient production system. However, the organization cannot determine whether these internal characteristics are sources of competitive advantage until it knows something about how well the competitors stack up in these areas.…

    • 1051 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Best Essays

    MHA 612 FINAL PAPER
    • 3334 Words
    • 10 Pages

    MHA 612 FINAL PAPER

    “For that reason, strategic planning is a method of giving the direction and aligns the firm in relation to the surrounding environment and be competitive. Besides being as a management tool in a firm, strategic planning provides preparedness and modes of response to the environment (Wilson and Eilertsen, 2010).”…

    • 3334 Words
    • 10 Pages
    Best Essays
    Read More
  • Better Essays

    Innovation Stratagy Paper Str 581 Week 2
    • 943 Words
    • 4 Pages

    Innovation Stratagy Paper Str 581 Week 2

    Pearce, J. A., II & Robinson, R. B. (2011). Strategic Management: Formulation, Implementation, and Control, Twelfth Edition, p. 42-79. Retrieved on January 27, 2011, from University of Phoenix, Week Two, rEsource. STR/581—Strategic Planning and Implementation.…

    • 943 Words
    • 4 Pages
    Better Essays
    Read More
  • Good Essays

    How Organisational Structure and Strategic Planning Can Help Businesses to Achieve Their Purpose and Aims
    • 848 Words
    • 4 Pages

    How Organisational Structure and Strategic Planning Can Help Businesses to Achieve Their Purpose and Aims

    Strategic planning is important for all businesses because this is when they set there aims and will discuss how they can achieve that aim. These aims have to be realistic and the owners will discuss this with their workers. Some aims might be hard to get but executives will want their workers to push hard so that it can be achieved. Marks and Spencer’s aim was to be the best supermarket in Britain but the recession had affected them really bad giving them losses of over 100 million pounds. Currently they are making profits of 50 million pounds but it is nowhere near what they made a few years ago.…

    • 848 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Foot Locker Inc.: A Case Study
    • 413 Words
    • 2 Pages

    Foot Locker Inc.: A Case Study

    In any business organization, strategic planning is essential in laying a path in order to achieve its objectives. Though strategic and financial planning is aimed at achieving the organization’s objectives, it is important to note that they are different.…

    • 413 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Strategic Planning In Managed Care
    • 739 Words
    • 3 Pages

    Strategic Planning In Managed Care

    Strategic planning is the backbone of the strategic management in the organization. Strategic management takes care of the overall organization by periodically checking the strategic planning of the organization to make sure that the planning is still in line with the directional strategies, which ensures the future of the company. Strategic management is more of a thought process then a physical tool, which helps to predict issues that will be important to the future of the healthcare company. Strategic management is a way of life and not just a temporary tool to satisfy the government industry…

    • 739 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Strategic Plan Overview
    • 1043 Words
    • 5 Pages

    Strategic Plan Overview

    Strategic planning is a necessary process to ensure an organization understands its future, and emerging operational environment and issues. Strategic planning also develops measurable plans, processes, and procedures to prepare for that environment and the future.…

    • 1043 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    MGT 521: Functional Areas Of Business
    • 1048 Words
    • 5 Pages

    MGT 521: Functional Areas Of Business

    These plans are decided by management in a way to influence their expectations. These expectations can include how managers want their company to run, or how they want every employee to work together to create better outcomes for the company. These goals help the organization effectively. Goals are different in each position of management. If one part of management fails to implement their goals then most likely the goals of the other managers will fail as well. Working together as a team to help figure the importance of each plan will help impact the company in general. Strategic planning helps combine the functional areas of…

    • 1048 Words
    • 5 Pages
    Better Essays
    Read More
  • Best Essays

    Cbl Task
    • 1217 Words
    • 5 Pages

    Cbl Task

    A strategic plan is a part of strategic management. The strategic plan is about what an organisation does, what an organisation wants to achieve and how they want to reach that goal. It’s important for an organisation to make a strategic plan, because then they know where they stand and what they have to do in the near future. (Scheepers, 2004) It’s to optimize the existing Business Model, or to make a whole new Business Model. When there is a good strategic plan the performances of the company will increase. The most strategic planning’s are made up for a period of one to five years, but there are also organisations who go through I new cycle of strategic management process every year. What doesn’t mean that they’re choose every year a new strategy, often they modify or reaffirm the current one. (Jones & Hill, 2010)…

    • 1217 Words
    • 5 Pages
    Best Essays
    Read More
  • Powerful Essays

    Fire Essay
    • 2138 Words
    • 9 Pages

    Fire Essay

    To Start it off Strategic Planning starts with there Leaders and the mangers of the organization, they end up facing a lot of difficult challenges, like shifts in values, tax limits, unfunded mandates, all join together to try and a good volatile global economy. One of the reasons why strategic planning is going to be here to stay I because its good management, and the most cost effective or efficient way to do the work will be done and the rational model is depicted. There is lots of purpose and benefits Strategic Planning could help with and some examples are facilitating communication, participation, accommodate divergent interests, values & foster wiser, reasonably analytic decisions-making. In which all o this things could help you out well the community to know what’s going on. This establishment of this plan is to state a statement built around the organization mandates. One thing that we need to make clear is what Strategic Planning isn’t. For example it’s not a substitute for leadership, in which leadership is needed to promote, foster, direct and push the process. Its also not a solution for all of the difficulties but its is a tool designed to assist leaders to think and act fast and smart. Bryson described a ten step…

    • 2138 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Discuss in Scholarly Detail the Benefits and Risks Associated with Strategic Management.
    • 285 Words
    • 2 Pages

    Discuss in Scholarly Detail the Benefits and Risks Associated with Strategic Management.

    Strategic management allows organizations to be more proactive than reactive and to initiate and influence internal and external activities to gain control over its own destiny. It allows executives at all levels to participate in analyzing a firm's current practices in order to formulate and implement shorter and longer term strategies for growth and development. Historically, this participative approach has produced better results. Another benefit of strategic management has been to formulate better strategies through the use of the more systematic and proven methodologies. Organizations of all sizes have recognized and realized the benefits of strategic management. While financial benefits include increased sales, profitability and productivity, non-Financial benefits include, better understanding of competitor’s strategies and reduced resistance to change across the organization.…

    • 285 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Why Strategy Is Important to an Organisation
    • 588 Words
    • 3 Pages

    Why Strategy Is Important to an Organisation

    ‘Research has revealed that organizations that engage in strategic management generally outperform those that do not’ Wheelen & Hunger (2005, p.5). An organisation will perform to a high standard when there is a matching correlation between the organisational environment and the strategy, structure and processes of that organisation. Wheelen & Hunger’s said in their book ‘Strategic Management and Business Policy: tenth edition’ that after ‘a survey of nearly 50 corporations in a variety of countries and industries found…three most highly rated benefits of strategic management’ (2005, p.5). The three benefits for corporations who strategically manage are a clearer sense of strategic vision for the firm, sharper focus on what is strategically important and improved understanding of a rapidly changing environment.…

    • 588 Words
    • 3 Pages
    Good Essays
    Read More

Related Topics