(a) Define stakeholders. Describe some potential organizational stakeholders and why are stakeholders important? (6mrks) Stakeholders are individuals or groups that have a stake in‚ or are influenced by the organization’s decisions and actions. They can‚ in turn‚ influence the organization’s actions‚ objectives and policies. The lecture cited examples of potential organizational stakeholders are shareholders (owners)‚ customers‚ employees‚ suppliers‚ trade associates‚ political action groups‚
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advantages and disadvantages associated with using a PESTLE analysis: Advantages include: * It is a simple framework. * It facilitates an understanding of the wider business environment. * It encourages the development of external and strategic thinking. * It can enable an organisation to anticipate future business threats and take action to avoid or minimise their impact. * It can enable an organisation to spot business opportunities and exploit them fully. Disadvantages include:
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QSPM: The Quantitative Strategic Planning Matrix (QSPM) is a viable tool for making strategy-formulation decisions. This powerful basis will assist managers of a firm to take alternative feasible strategies for their particular business. For developing a QSPM‚ there are six major steps as follows: Step 1 Make a list of the firm’s key external opportunities/threats and internal strengths/weaknesses. As we have done in SWOT analysis before. Step 2 Assign weights to each key external and internal
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QUESTION 1 In a BCG Matrix‚ all divisions are called question marks‚ stars‚ cash cows or dogs. Define each of these terms. Question Marks division is Quadrant I have a low relative market share position‚ yet they compete in a high-growth industry. Generally these firms’ cash needs are high and their cash generation is low. These businesses are called question marks because the organization must decide whether to strengthen them by pursuing an intensive strategy (market penetration‚ market development
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requested analysis of the overall position of Walmart. The memo will first discuss the current position of Walmart. This will be followed by two issues‚ woman working in walmart not getting paid as much as men as well as not having very many upper management positions‚ and the perception that Walmart ruins small communities way of life once they open up their doors. The memo will then give a reccommendation for how to fix and improve the company to allow it to prosper in the future. Overview Walmart
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serve as a foundation for an effective strategy management process. It is important to establish a clear‚ repeated‚ and ongoing strategy management process to increase the chances of a successful business. Strategy management can be the biggest challenger for a corporation of all types. It is important to develop a management strategy but also a change in mindset once the strategies are in place. After having this implemented for a year‚ management should reevaluate to determine which strategies
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business level stratey results only when the firm learns how to integrate the activities it performs in ways that create superior value for customers. 2. Relationship between customers and business level strategies in terms of who what and how strategic competitiveness results only when the firm satisfies a group of customers by using its competitiveness advantages as the basis for competing in individual product markets. a key reason firms must satisfy customers with their business-level strategy
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Table of Contents INTRODUCTION 2 The forming strategy of Kao 2 The main features of the strategy formation processes 3 The main features be applied to the current activities of Kao Corporation 4 The main industry factors affecting the key players in the current market place shaped by Kao and its main competitors 6 Learning and Learning Organization 8 The differences between Learning Organization and Organizational Learning 8 Build a Learning Organization in Kao 9 Corporate philosophy
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International management Strategic Management Process Contents: 1. A brief Background about Mauricio Bothelho 2. A brief history about Embraer 3. Case Study contents Who is Mauricio Bothelho? At age 26‚ Mauricio Botelho left his hometown of Rio de Janeiro to take a job in the Amazon jungle. A promising mechanical engineer‚ he signed on to help build a sawmill on Marajo Island in northern Brazil. Given the remote location‚ the challenges were many‚ yet the project thrived. "There was nothing
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Leadership and Management HRM 3125 Individual Report Seminar Tutor: Sara Calvo Wednesday 5pm class Student Name: Lu Wenfei Student Number: M00423814 Date 1st May 2013 Table of content 1. Summary 4 2. Introduction 5 5. External environmental analysis 7 5.1 Pest Analysis 7 5.1.1 Political 8 The activities of Kellogg
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