STUDIES VOL 15‚ NO1‚ JUNE 2007: pages 1 of 13 A STAKEHOLDER VIEW OF STRATEGIC MANAGEMENT IN CHINESE FIRMS Dr Xueli Huang1 Dr Scott Gardner2 Despite the fact that China has emerged as a driving force of the world economy over the last decade‚ little research has been undertaken into how Chinese firms strategically manage their businesses. This paper develops a theoretical framework of strategic management in the Chinese firms through reviewing and synthesising five strategic perspectives that
Premium Strategic management Management
RESOURCES BASE VIEW Financial resources: The 1998 financial report shows that SingTel‚ the largest telecommunications company in Singapore‚ has a huge reserve (cash and bank deposits) of S$4.44 billion. This is the company’s strength as not many companies have such large reserves. The debt-to-equity ratio1 in the last 3 years was also very low. In fact in 1997‚ it was just 0.05 as opposed to in 1998 and 1999 when it was merely 0.06. With such a huge reserve and low debt-to-equity ratio‚ SingTel
Premium Investment Technology Asset
SESSION 2: EXTERNAL ANALYSIS AND MBV Market Based View of Strategy: External environment analysis > strategic issues-> winning strategies-> superior performance Market based view of strategy (MBV) - sometimes known as Industrial Organisation based view (IO) places primary importance on external conditions faced by the firm. In this view‚ strategy is about the firm creating for itself a ‘market position’ via strategy whereby it can defend itself from external environmental forces and/or
Premium Strategic management Barriers to entry Management
| Critically discuss the importance of resource-based sources of competitive advantage in one of the industries studied on this module. You should discuss a range of companies. ‘Competitive advantage’ is when a firm sustains profits that exceed the average for its industry. The goal of much of business strategy is to achieve a sustainable competitive advantage. Porter identified two basic types of competitive advantage; cost and differentiation. These two advantages are known as ‘positional
Premium Strategic management Management
In the last two decades‚ one of the most fundamental questions emerging in strategic management is how firms achieve and sustain competitive advantage. In a simplified world‚ understanding how firms achieve and maintain superior or abnormal returns means comprehending how firms position themselves in a certain market‚ what they produce and how they use resources at their disposal to do so. In this sense we may distinguish between the positional perspective‚ developed by Michael Porter‚ according
Premium Strategic management
Resource-based analysis of MTN and the implications for future strategy Introduction The purpose of the analysis is to investigate the internal capabilities and primary resources of MTN and what implication these have on the strategy of the organisation and the competitive advantage might be levered from them. The resource analysis is based on the financial yearend reporting of December 2009 (MTN) Resource audit In conducting the resource audit‚ the classification of the different type of resources
Premium Strategic management Strategic planning
International Human Resource Management in Japanese Firms By Clardy‚ Alan Publication: Personnel Psychology Date: Tuesday‚ April 1 2003 During the 1980s‚ commentators and researchers of almost every stripe witnessed what was invariably seen as a miracle: the juggernaut Japanese economy. It seemed a perfect system‚ with all cylinders-from the political coordination of the economy through industrial structure and interfirm interactions to human resources management practices and cooperative relationships
Premium Human resource management Management
I. Introduction: Statement of Purpose The Nature of The Firm is an article by Ronald H. Coase. It presented an economic enlightenment of why those who prefer to structure companies‚ or partnerships‚ and or further business thing rather than operating two-sidedly throughout contracts on a marketplace. The purpose of Ronald H. Coase in writing the article called “The Nature of the Firm” is to elaborate more or state the problem of Economic Theory in its failure to state clearly its assumption. Mr.
Premium Management Strategic management Marketing
Essay #5 Firms of Endearment by Raj Sisodia‚ Jag Sheth‚ and David Wolfe argues the idea of humanistic companies‚ meaning businesses that “seek to maximize their value to society as a whole‚ not just to their shareholders” (Sheth‚ Sisodia & Wolfe‚ 2014‚ p. 3). These companies wish to contribute to a higher meaning in society and take this endearment approach to create value outside of providing a product or service for financial gain. While humanism does focus on the potential for compassion‚ the
Premium Management Employment Marketing
The Critical Components of Human Resources Richard Richison BUS303: Human Resources Management Professor Gallagher May 31‚ 2010 Human Resource Management (HMR) is built upon many different areas. The way each organization allocates resources for each area is different. Since every organization is different and has different requirements‚ not every HRM process is going to be the same. The areas this paper will focused on are Equal Employment Opportunity (EEO) and the Commission (EEOC) which
Premium Human resource management Human resources