To achieve these strategic targets, P & G plans to achieve by improving and touching the lives of more consumers, in more parts of the globe. The company will also influence its core strengths in leadership to generate competitive advantages that are vital to winning in the consumer products industry. The driving forces of: brand-building, innovation, customer knowledge, and go-to-market capabilities will permit P & G to accomplish their targets. The company is motivating productivity in all aspects of the business through an arrangement of digitization, integration, and simplification. The company is also strengthening the quality, extent, and depth of leadership on all levels of the organization to make a more real-time, demand-driven and future-focused business (Procter & Gamble, 2011).
A procedure can be build to help the managers and consultant at the customer interface achieve new insights into the customer’s requirements and favorites. Lastly, customer-focused strategy is to enter industry that has strong strategic relations to the core adjoining industries. This is a mainly tempting alternative when the core industry is moving toward its operating effectively, produce surplus cash for reinvestment and full capabilities. Therefore industries are most situated to this strategy because it creates relationship with the customers. The executive growth strategy- The three customer-focused growth strategies explains the need supporting infrastructure to raise the chance of victorious implementation.
When developing into any type of a leader there are many requirements and expectation that will need to be developed in order to fulfil any leadership role. Remembering with an increased positional authority and visibility attract greater attention to and reliance on the manager's leadership style. The ability to step back from the daily pressures of their jobs and look at the big picture, to learn new skills, and to build their professional networks advanced degree program often bring to the table a deeper understanding of business management techniques and tools all creates a successful leader in a leadership role. Leaders are enablers that energize organizations. “Leadership should never be confused with the management or administration of a non-profit organization.” There are an abundance of leadership definitions I found; almost all of them stand true to what I would require as leading to my expectations.
Globalization is the key to survival that allow to a company to be competitive and offer diverse services and convenience to consumers. Benchmarking analysis that compares competitive companies with their process and performance metrics to industry requires a comprehensive research. In a successful business, effective tactical development inevitability to manage finance is essential. Financial management is a comprehensive tool that monitors and willpower to improve a company’s success. When I was conducting the research for financial statements, there were many interesting.
1. Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world. A few important concepts that this course covered are gross income inclusions, gross income exclusions, deductions and losses, and itemized deductions. The ones I believe have made me a stronger citizen in general are employee expenses and deferred compensation, itemized deductions and capital gains and losses. Capital gains and losses are important to understand because it can directly affect and individual or a business adjusted gross income.
The board of directors must by law be composed of volunteers, which can be an advantage to the company. These are also internal factors that have helped the organization be successful that it will want to leverage and grow. Asset leverage; Loyal customers; Market share leadership; Diversified products. They are all the strengths of the ALL. Asset leverage allows ALL to use their best operational assets to expand their business and improve their market share.
Business Plan A well documented business plan can provide tremendous value to the organization by detailing the business goals for your intended audience. By definition a business plan is “a plan for the business, clarifying why it exists, who it exists for, what products and services it provides these client groups, how it intends to develop and deliver these products and services, and where it is headed” (Business Plan, n.d.). Business plans are used to start new businesses and to grow existing businesses. They can be geared towards internal audiences (staff) and external audiences (investors, suppliers, lenders, and so on). They provide a rationale for the business, its service(s) or product(s).
An operations manager is a person who runs the operations of a business daily. This position is responsible for efficient and effective measures. The operations manager must continue to find ways to make the company more efficient and profitable. I am best suited for this position because of my strong work ethic, organization, and motivation skills. The company will benefit from my motivation to get the job done and my organization skills to put everything in place.
This culture creates acceptable and predictable behaviors to better guide associates through their daily job functions. The corporate cultures serve an organization by enabling the organization to be flexible and adapt to the ever-changing competitive landscape (Leban & Romuald, 2008). Home Depot’s leader Robert Nardelli, determined that Home Depot was in need of a culture change. He wanted to change the organizational culture from a laid back, interconnecting organization, to a tough-minded approach to develop power, growth and volume. The Nadler congruence model would be the best option for this type of cultural change.
People are a business most valuable asset and keeping them satisfied, motivated, developed and retained is necessary if a company is to remain profitable (humanresources.about.com, n.d.). HR department plays a vital role in companies; helping them master the challenging competitive environment and the demand for highly qualified employees. Their primary roles are locating, screening, recruiting, hiring, and training high quality individuals who will become constructive members of the organization. They must be professional at all time handling different situations and people; skillfully communicating the firms’ policies, procedures, and goals: other responsibilities include perform job