The company’s objectives include continuing to secure sustainable growth through acquisitions and then attain successful integration of those acquisitions. In addition executive management seeks to improve the company’s business activities by implementing infrastructure improvements, improve the quality of customer service, and lower operating costs. Although these objectives are of significant importance the executive managers also recognize the need to implement financial strategies to reduce risk and to implement a strategic growth management plan. Functional Tactics Functional tactics are derived from the company’s business strategy
I believe Office Depot has made a wise decision by merging with their subsidiary OfficeMax in hopes of creating the largest U.S. office supply chain which can create a competitive advantage. I also believe they made a smart choice by hiring a new advertising agency to handle and improve their media relations. However, I believe Office Depot would benefit from developing new and/or improving existing products and services, exploring and expanding their products and services into EME markets, improving their website’s functions and services, and revamping their image/brand to be fun and ‘hip’. First, developing a new product/service or improving an existing product/service would definitely give Office Depot a competitive edge and consumers would seem them as innovative and current; ultimately this would give existing customers an incentive to continue doing business with them and potentially attract new
Listo System is finding hard to differentiate itself in product and price from its competitors Power Shift to Buyer During 1990s, Listo was a great success. Listo inabilities to differentiate itself from the competitors jeopardize that success. If Listo had been able to differentiate and create competitive advantage, it would have created loyal customers and strong brand image. Creating loyal customers and strong brand image would help to keep bargain power to the seller. However, inability of Listo to differentiate shifts the bargaining power to Buyer.
Merit: Increased productivity in processes, procedures, and profits. Design a strategic plan that will encompass all departments and functions (primary and support). Such as TQM, where HRM strategy would be aligned with our competitive advantage. If we are a cost leader, then develop compensation strategies that will focus on resource and time
How does a leader, lead through change? In today’s world of highly competitive business, change is occurring frequently and organisations need to keep themselves up-to-date with change in order to meet the needs of customers, new developments in technology, globalisation and economic conditions. Managers ought to possess the right skills and abilities to effectively lead the employees and the organisation through a successful change. Kurt Lewin formulated a 3-stage process to assist managers in Leading Change Effectively called the Force Field Analysis Model used in the planning and implement of change and overcoming resistance. The Force Field Analysis Model classifies and analyses factors in order to display all forces reacting to the desired change and to enable the ability to make decisions that will make change acceptable and effective.
Business Case-Talent Acquisition Topic: Business Case-Talent Acquisition Presented by: YM Goals: Demonstrate the importance of putting more time, effort, and energy into the hiring process in an organization. Introduction: The following table has been created to offer key points to begin a good Talent Acquisition process. These points also provide general ideas about how organizations can save money and efforts at the same time. And with this information, the senior management team will learn about an effective and necessary process that must be taken in consideration to be able to increase revenues in long terms (not only in short terms), increase credibility (inside and outside the organization), as well as maintain legal compliances within the organization. Business Case-Talent Acquisition | HR-Talent Acquisition Team | GOALs | Effective Talent Acquisition | An effective talent acquisition must begin internally to be able to success externally.
The Teams and Groups outcomes are dependent on an effective design and efficient work with recognition of their efforts. The first thing we need to discuss is; why is it important to understand group dynamics in the business world? As organizations are becoming more diverse, the need of effective and goal oriented work force is rising. The keys to an organization’s success is that their leaders and managers understand the meaning of group dynamics, group cohesiveness, and managing multicultural groups and how the theories apply to ensure the success of the organization and its groups. Evaluating group structure, building trust through strong leadership, and effectively communicating will enhance the organizations productivity and success.
A NEW MANDATE FOR HUMAN RESOURCES Human Resource is proving to be a vital part in any of today’s organizational structure. It is believed to be putting essential impact on companies that work with Human Resource. The department itself consists of professionals and expert analyzers who help the company achieve higher success and also are able to keep a hand in the growth. To say it simply, the human resource or the Human Resource management works as a hub of the organization serving as an association among all others concerned. The case ‘A New Mandate for Human Resources’ by Dave Ulrich has so much potential information that explains how the Human Resource were used to be managed earlier, how it is accepted now and in what ways it can be put into fine use to the growth of the company in all departments.
The strength or limitation of a capital market will result in the indication of how well a manufacturing company market value will be perceived. The most important goal of an effective manager is to raise the perceived value of a company. Hi Jamie This is a great response to the discussion question and was very informative. It is very important for a manager to have knowledge on capital markets. It is important to do a thorough review of all performance activities up to the current date.
Analyse the risk and benefits of this project? The launch of OTISLINE impacted firm’s strategy, business processes and its IT infrastructure. OTIS recognised that the success of the firm was dependent on the reliability and quality of both its products and services. Service provided by the firm was a very important yardstick used by the customers and it affected OTIS revenue figures directly. Launch of OTISLINE brought in several benefits to the firm.