MATRIX 35 2. SPACE MATRIX 36 3. GRAND STRATEGY MATRIX 37 4. IE MATRIX 38 5. BCG 39 MATRIX ANALYSIS AND TOWS SUMMARY 40 DECISION STAGE 41 STRATEGIC IMPLEMENTATION 43 5. STRATEGIC IMPLEMENTATION: 44 STRUCTURE & CULTURE 44 RESOURCES 44 STRATEGY # 1: TAURINE FREE RED BULL 44 STRATEGY # 2: DIVERSIFYING INTO SPORTS DRINKS MARKET 45 SYNERGIES IN VALUE CHAIN 46 PITFALLS IN STRATEGIC IMPLEMENTATION 46 SCORE CARD 48 DIAGNOSTIC SURVEY OF PRIMARY AND SECONDARY MANAGEMENT PRACTICES:
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TABLE OF CONTENTS (1) Introduction……………………………………………………………………………2 (2) Cross- cultural Analysis……………………………………………………………….2 (3) Aims of cross-cultural analysis………………………………………………………..2 (4) Hofstede and his 5 dimensions………………………………………………………...3 (4.1) Limitations of Hofstede’s model…………………………………………………………..4 (5) Trompenaars and Hampden-Turner model…………………………………………..4 (5.1) Limitations of Trompenaars and Turner model…………………………………………4 (6) European Cultural Diversity……………………………………………………………5
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“What comes first? Strategy or structure?” Strategy is a chosen direction that you want to take your company or organization. To establish direction‚ a strategy must be explained to others. Strategy determines what the key activities and factors are in a business. That is‚ in addition to establishing a course for the future‚ one must get others on board for the ride. Most people find that there is a clear definition of the mission or purpose makes possible clear and realistic business objectives
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an ever-increasing number of cross-cultural interactions in the workplace. Understanding the influence of culture on interpersonal interactions in organizational settings is now a fundamental requirement of effective international management. In todays international business world we often have to cooperate with people from different cultures. Cross-culture management techniques help cope with this differences so as to better succeed in the diverse environment. Cross-cultural management concerns
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said‚ red wines are often classified by “body-type.” For example‚ one might say that a certain red wine is “light-bodied” – referring to the mouth-feel and tannin structure. A light-bodied wine will have fewer tannins present and less presence on the palate. These wines tend to be less demanding partners with flavor-filled foods. An example of a light-bodied red wine would be one derived from the Gamay grape varietal‚ such as France’s famed young red wine: Beaujolais Nouveau. A medium-bodied red wine
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Organisation Structure An organizational structure defines how job tasks are formally divided‚ grouped‚ and coordinated. (Robbins and Judge 2001). Managers need to address six key elements when they design their organization’s structure: work specialization‚ departmentalization‚ chain of command‚ span of control‚ centralization and decentralization‚ and formalization. Work Specialization Describes the degree to which activities in the organization are subdivided into separate jobs. The essence
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altering of the basic nature of the organization’s strategy or structure. Whereas revolutionary change is rapid‚ dramatic‚ and broadly focused in order to quickly and decisively find new ways to be effective. 2. What is a business process‚ and why is reengineering a popular instrument of change today? A business process is any activity that cuts across functional boundaries. It is the ability of people and groups to act in a cross-functional way that is the vital factor in determining how quickly
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Assignment 1: Organizational Analysis Tiffany Williams Professor Fortune Nichols Taylor BUS 310 January 31‚ 2013 1. Describe the organization‚ what it does‚ the customers it serves‚ and its size. The organization I work for‚ Blue Cross and Blue Shield of North Carolina is an organization that exemplifies organizational analysis. An organizational analysis is a process by which an organization’s systems‚ capacity‚ and functionality are assessed in order to increase its efficiency‚ performance
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Organizational Structure Meaning – Various Structures – Practical Illustration Organizational Structure: It refers to a formal system of tasks and reporting relationships that coordinates and motivates employees to work together to achieve the organizational goals. Formal system of task and reporting relationships showing how workers use resources. It involves the following structures: 1) Functional Structure It refers to the organizational structure
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Organizational charts are detailed representations of organization structures and hierarchies. They are typically used to provide both employees and individuals outside the organization with a "snapshot" picture of it’s reporting relationships‚ divisions of work‚ and levels of management. Obviously‚ smaller firms—whether they consist of a single owner of a home-based business‚ a modest shop of a few employees‚ or a family-owned business with a few dozen workers—are less likely to utilize organization
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