Michelin Groupe Strategic Analysis

3877 Words16 Pages
Michelin Corporation Strategic Audit Report Charles Horrell Strategic Management 436 Embry Riddle Aeronautical University Report complied November 15, 2014 Alvin L. Keen Jr. Abstract Michelin designs, manufactures and sell tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks, motorcycles and the space shuttle. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases. This Audit mainly focusing on the strategies of tire innovations, sustainability, environmental growth and Global Integration; corporate goals are not as apparent to stakeholder without periodical audits. Michelins goals such as sales quotas, market shares, employee relations, internal strengths and weaknesses throughout its corporate governance; Through Strategic Management Models corporations maintain and manage these goals effectively. Through analytical research complied from corporate governance, investment and return on investment (ROI), profits and sales sustainability reports will this data be put into Tables and Matrixes to show expected ratings, weights, and percentages to the business cycle. Strategic audits provide clear expectations, communication of progress toward goals, accountability, employee motivation, and public appreciation. A firm aiming to achieve superior performance in Global Business should focus on strategic diverse specific models and data for accountability and sustainability for the long-term. Key Terms: ROI (Return on Investment), ROE (Return on Equity), R&D (Research and Development) SMM (Strategic management Model), SWOT (Situational Analysis Approach; strengths, weaknesses, opportunities and threats, SFAS (Strategic Factors Analysis Summary),EFAS (External Factor Analysis Summary), GDP (Gross Domestic Product), IFAS (Internal Factor Analysis
Open Document