Advantages of Business Strategies

Advantages of Business Strategies Strategy is the direction an scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging business environment, to meet the needs of markets and to fulfil stakeholder expectations. Business strategy: Business strategy is the only driving force behind any successful business since it builds the foundation for the same. The business strategy is not just a statement of intent or a mere speech. Their scope is not just limited to the management. There are different strategies as per the business and the best one among them must be chosen which can fulfil the needs of the organisation and emends of a rapidly changing world for revolutionary business strategies. It must also be able to handle the internal pressure of the organisation when the plan is being executed. How can the business perform better than the competition in those markets? (Advantage) What external, environmental factors affect the businesses ability to compete? (Environment) Where is the business trying to get to in the long-term (direction?) What resources (skills, assets, finance, relationships, technical competence, and facilities) are required in order to be able to compete? (Resources) Which markets should a business compete in and what kind of activities is involved in such markets? (Markets; scope) Strategy at Different Levels of a Business? What are the values and expectations of those who have power in and around the business? (Stakeholders) Definition of business environment: Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations. http://tutor2u.net/business/strategy/what_is_strategy.htm Why study the business environment: In each and every organisation there is some relation with business environment, each and every type of business is surrounded with environment directly or indirectly. Business environment is surrounding with its customers and stakeholders and it have of political as well as legal forces this all together makes business environment, in order to achieve profit and also to fulfil the stakeholder expectation a business has to change its environment as per market need. The organisation which understood the business environment and make necessary changes according to the environment succeed in business in terms of profit and needs of stake holders. On the hand the business which does not changes according to the environment leads to failure of the business, so for each and every organisation business environment, Is really important. Different level of business strategy: In each and every organisation strategy is used at different levels of company among them the following is the modern levels strategy is being employed by organisatation. Corporate strategy: This strategy is considered and completely influence by stakeholder needs. At this level fundamental decision about future direction of an organisation with the purpose to fulfil the needs of stakeholders at this level strategy is done by considering the stakeholders because they are the only one who invest in the organisation so the corporate strategy is or related stakeholder expectations Business unit strategy: This levels of strategy is completely focused on how a business competes in a particular targeted market, it concerns strategic decision in relation to product, meeting needs of the customers , taking benefit over competitor and employing strategy related to business operation and creating new opportunities for business. This is the only level which directly influences with the customers in respect to corporate strategy. Operational strategy: This level f organisation is concerned with how every part of the business is organized to fulfil the needs of corporate and business unit level strategy direction. Its major focuses on the issues related to recourses and processes. this level is also employing strategy related to people and surrounding of business. Key elements of marketing strategic decision Main body: In each and every organisation Business environment have existence by knowingly or unknowingly because it cannot exist without an environment. The process of strategy management is basically divided into two major environment and they are Microenvironment and Macro-environment. In the challenging business environment this are two main aspect that influences each and every businesses which are also known as inner environment (micro environment) which have direct effect or relation with the business for example: customer. And outer environments (macro environment) which have indirect effect on the business for example: political factor. There is an very clear indication that influences of environment or speeding up in the market so the organisation have to take it seriously consideration as the company who had taken its seriously had succeeded in the market and the organisation ignored its had failed in the market, both the major type and its factor of influences are briefly described as under. Macro environment (Outer environment): The political environment: Politicians have instrumental in shaping general nature of external environment and being responsible for the legalization of rules and regulation that affects specific type of organisation, at very general level the stability of political system affects the business and strategy so the organisation has to change its strategy according to the legal matters otherwise it can indirectly affects the business and its activities The social and culture environment: The organisation is also being affected by its social and culture environment as the generation are also changing so the business environment has to be change according to the changing social needs, it is crucial for the business to fully appreciate the culture values of the society because if a business is doing its business in another country which is quite different from its own than there the attitude towards the product is different as compare to its own country, so for an organisation it is really important to consider the social and culture environment of the country where its doing business. The demographic environment: As population is growing day by day the size and the age is also going so in respect to this demographic environment changes the organisation has to change its strategy towards the stocks and prediction of the market because most organisation are dealing with the product which they have to keep ready in advance by predicting the future of sales The technology environment: As this is new era of business so the organisation have to overcome with new and latest technology because in this environment as technology is outdated the product is out of the market, so the organisation has update its technology within a time period, because once thrown out of the market and to get again the same position in the market it take a long time so this environments is really important and being speedily changes. Economic: Business and Economy are highly inter related. Businesses cannot be successful in an economy on decline and if businesses are not doing well it is highly unlikely for the economy to boom. For ex Lehman brothers, this was the fast company to get doomed because of economic crisis. Legal: Legality means doing whatever the law permits. Same applies for business also. Business strategies and operations are permissible as long as they are legal. Business needs to function within the legislative limits. Business not only needs to comply with the existing legislations but also the changes in them. (strategy management peter Fitzroy/James Hulbert) Micro environment (Inner environment) Employees: In running each and every organisation employees are must to carry out day to day business activities and they are the one who deals with other parties of the business on behalf of the business as they are having direct effect to the business they falls under microenvironment Customers: Customer are a crucial part of an organisation in microenvironment its really simple no customer means no business. An organisation should be seriously consider about the changing requirement of the customer, because in challenging business environment everybody are targeting the customer so this factor of micro environment is really important for each and every organisation Supplier: The supplier provides an organisation with goods and services than is being transformed by the organisation and by adding value to it than further sold to its customer this factor of microenvironment is also important because if there is not proper supply and there is no product and in challenging business environment the product service should be fast as well as quick Competitor: In challenging business environment there is high rate of competition in the market so its very important to keep updating the strategy of the competitor and try to understand their strategy like their future moves their future product this is also an important microenvironment in such a challenging business environment. Financial organization: This financial environment is consist of both shareholder and the investor which support the organisation and they are timely being reassured about the achievement of goals both short and long term because if they dont trust the company than they might take their investment back from the organisation and which effects the a lot to the business. The government: The demands of government agencies are also consider of microenvironment commercial organisation provides government with taxation and revenue so the organisation has to in touch with the government policy in relation to their tax and regulation and can make their strategy according to the changes of the regulation so the organisation has to take careful consideration of this environment also Internal environment: Internal environment is very important part of any business environment and include finance, marketing, production, personnel and RD. These elements are considered to be within the organisation. The most important job of an internal environment is developing strategies for an organisation management process. Is also focuses on the point that the organisation should always have a well trained staff to do a right job at the right time since they are the biggest asset of any organisation and also they are directly related to most important thing of any business i.e. customers. It also focuses on the point that business strategies should always change with the changing need of the customers. Critical Evaluation SWOT ANAYSIS: How NOKIA uses SWOT analysis to determine internal factors and external factors. Strengths: (INTERNAL) The largest cell phone vendor by far, with almost doubles the market share of nearest competitor. The product being user friendly and have all the accessories one want that is why is in great demand making it No-1 selling mobile phones in the world. One of the top 20 brands in the world The re-sell value of Nokia phones are high compared to other companys product Weakness: (INTERNAL) The price of the mobile phones offered by the company. The service centers in India are very few as compared to the number of users and therefore after sales service are not good. Slow to adopt new ways of thinking . Opportunities: (EXTERNAL) Telecommunication growth in India being at the peak time, Nokia has an opportunity to increase its sales as well as the market share. Make a significant position in the cdma market. New growth markets where cell phone adoption still to come. Threats: (EXTERNAL) The threats like emerging of other big mobile companies such as Motorola, Sony Eriksson, etc in the market. The growing demand of WLL network Late in the entry of 3G market. How Acer uses Porters 5 Forces as an analytical tool to determine strategy and success over its competitors Threat of substitutes: Acer face that from rival dell who can provide the same goods and value and sell at a much lesser price, as there is a threat from consumer to switch to alternatives, this could force Acer to reduce its product price and income to struggle with other markers Bargaining power of suppliers: The exact for suppliers to retailers is that is they pay a helpful price for its supplies, and would not sell to retailers if the price quoted was not paid, then the suppliers would not sell its goods of them. Since Acer having a market share from other company as well as small shop keepers, has an advantage to dictate the price the suppliers will be paid for their goods, thus if supplier do not tend to decrease price, it is clear that they would be left with a smaller market share to sell their product. Power of consumers: Due to a large competition in the electronic market industry, it has forced markets to switch to low product cost in order to attract more buyers, thus more power favoritism the buyers, in order to achieve more customers and trade with struggle is more victorious to customer preservation, and has also led to increase in profits. And customer wants lower price and service, better choices. Threat to new entrants: Due to high market share of company like Acer, Dell, Sony which has to led to barriers for new markets to enter competition, since most of these markets lower prices of their goods in order to win a better client care, pays a much lesser which would buy less goods at a better rate. Thus Acer also has an upper hand on economies of scale How Mc Donalds uses PESTEL as a strategy to overcome challenges and gain advantages over its competitors. Political: All the international operations of Mc Donalds are as per the policies enforced by the individual governments. On the other hand, the company is controlled by the individual policies and regulations of operations. like any business venture, these McDonalds stores have to contend with the issues of employment procedures as well as their tax obligations so as to succeed in the foreign market. Economical: Food chains like Mc Donalds do have their individual concerns involving economic factors. Their Branches and franchises have the tendency to experience hardship in instances where the economy of the respective states is hit by inflation and changes in the exchange rates. Their problem depends on the response of the consumers on these fundamentals and how it could influence their general sales. Exchange rate fluctuations also play a significant role in the operations of the company. The companies also have to consider the economic standing of the state on which they operate on. Socio-Cultural: The organisation improves on establishing a positive mind-set from their core consumers. McDonalds indulge a particular variety of consumers with definite types of personalities. In 2005 McDonalds has launched a sensibly valued set of food that tenders a reliable level of quality for the respective market where it operates. Technical: McDonalds generates a demand for their own products. The companys key tool for marketing is by means of television advertisements. The companys marketing is also done through toys and play spots. The operations of McDonalds have significantly been infused with new technology. Elements like the inventory system and the management of the value chain of the company allows for easy payments for their suppliers. The integration of technology in the operations of McDonalds tend to add value to their products. Legal: The reputation of McDonalds is apparently a huge matter and with the opposition to the fast food industry Mc Donalds apply a more consideration on their corporate social responsibilities. The company has provided their customers the relevant data that they need with reference to the nutritional substances of their products. This is to attend to the arguments of obesity charged against the products of the company. Environment: Mc Donalds employ of non-biodegradable substances for their drinks glasses and Styrofoam coffers for the meals. The social responsibilities of McDonalds on the state are influential to the operations of the company. These entail accusations of environmental damage. (http://ivythesis.typepad.com/term_paper_topics/2009/02/pestle-analysis-of-mcdonalds.html) Ethics: Strategic management must also ensure ethical values i.e. personal values and fairness. Many of the organisations around the world are not following this and hence they have to face the problem in the future. A commitment to transparency is necessary with greater communication and sharing of information within the firm. Strategic management is also about meeting the share holders expectation and capturing the full potential of the firm. It also takes into consideration the future perspective of the strategy. It also includes an alternative if in case the plan does not work. In short Strategic management is not an easy task if properly implemented. .(strategy management peter Fitzroy/James Hulbert) STAKEHOLDERS AND ORGANIZATIONAL VALUE: 1. Shareholders: They are one of the important factors in micro-environment because they all the one who had given capital in the company so in order to make their expectation the stakeholders are being received by the short term and long term goal in challenging business environment they are one of the important factors of environment. Conclusion and Recommendation: A sound corporate strategy is the best way to ensure for the organization to create value for stakeholders and to unify the business activities to meet the organizational objective. Successful companies have gone through successive incremental strategic changes that were appropriate at the time. Thus it is imperative that trade-offs are essential to any successful strategic decisions. Most companies owe their success to the unique strategic position derived from strategic management of behavior, operation and critical rationally scanning of the business environment. It enables the company to take assessment of the current position, analyze and prepare for the future. Strategy provides a structure for decision making and enables organizations meet the requirement of the stakeholders by pattern of the available resources. Use of Strategic Analytical tools like few discussed above empower organizations to take picture of their current place and optimize their resources to achieve competitive position. Businesses cannot afford to overlook their environment. All its income, opportunities, perspective, problems are factors of its environment. Strategy cannot be formulated with taking into account environmental influences. positive monitoring of the environment and incorporating the environmental trends provides the frame for optimizing opportunities and configuration of resources to achieve the business objective. References: Richard lunch, corporate strategy4th edition, Pearson education ltd.Page no. 2-5. Peter Fitzry, strategy management, John wiley sons ltd. page no.40-50 http://ivythesis.typepad.com/term_paper_topics/2009/02/pestle-analysis-of-mcdonalds.html Adrian palmer Bob Hartley, The Business environment fifth edition, published by Mc-Graw-Hill Education. Johnson. G, Scholes. K, and Whittington. R. (2008).Exploring Corporate Strategy. 8th ed. London: Prentice Hall. pg7. Lynch, R. (2009), Strategic Management, 5th ed. London, FT Prentice Hall.

Catholic Social Justice: Justice and Peace Essay

Directions: As you are reading through the chapter, fill in the missing information. Pages 174-196—Christians and Peace 1. Pope Paul VI once wrote, â€Å"If you want peace, work for justice†. 2. In The Challenge of Peacemaking, the American bishops discussed a _spiritual of peacemaking, which begins in the individual’s mind and heart. 3. The bishops recognize that peacemaking is enhanced by those habits that empower us to be good, also known as Spirituality of Peacemaking_. 4. True or False (if false, explain why): Peace is the absence of war. False, peace is more than the absence of war, 5. In the Old Testament, peace is one of the many fruits of keeping the _covenant_. 6. In the New Testament, Christ’s proclamation of the reign of God calls us to _conversion__ in which love is shown to reject revenge and violence and embrace forgiveness. 7. Many Catholics contend that a total commitment to _nonviolence_ is better suited to the gospel witness to peace. 8. Match the levels of violence with their description: A) Counter-violence†¦b†¦where basic rights are denied B) Repressive violence†¦a†¦where an oppressed group responds C) Institutional violence†¦c†¦where those in power repeat the cycle of violence 9. A conscientious objector is someone who opposes war on _conscientious objectors_ while another type refuses to participate in wars considered to be pacifists_. 10. The bishops overwhelmingly affirm the principle of _proportionality_ to spare noncombatants from violence. 11. The proper formation of _just war_ is recognized by Church as an invaluable dimension of determining the moral weight of any military conflict. 12. Match the principles of the Just War tradition with the correct description: A. Just cause ___2 1. Peaceful efforts must have been tried and exhausted B. Legitimate authority ___5 2. An immediate threat to innocent life or human rights C. Comparative justice ___3 3. Representative of the people and the common good D. Right intention ___6 4. The damage inflicted and the good expected must be related E. Probability of success ___7 5. Motivation must be recognized in responsible leadership F. Proportionality ___4 6. The irrational use of force is prevented by this G. Last resort ___1 7. Values should direct conflict 13. When applied to terrorism, the Just War tradition recognizes that terrorist actions are an __grave_ evil that can never be justified. 14. Peacemaking strategies entail two Catholic Social Teaching themes of global _option for the poor_ and a global _solidarity_. 15. In the agenda for peace, the three primary goals are to strengthen _international institutions_ such as the United Nations, work to secure _human rights_ such as the defense of life, and to promote development of _for the poorer nations_, by recognizing the inequality of global wealth. 16. Name and describe two of the four steps recommended to right global inequalities. Improving foreign aid, rectifying trade relationship relieving international debt, ending the arm race, Halting arms trade, and banning landmines.

Literary Analysis Of The Boy Died In My Alley - 1008 Words

What Makes a Powerful Poem/Song? Poems and songs may have strength in literary terms, but have you ever wondered what makes them powerful? In this essay, there will be analyzed two poems â€Å"The Boy Died in my Alley† and â€Å"Daddy†, as well as the song â€Å"Firework† in which theme, metaphor, and repetition are the literary devices that make them powerful. To begin with, in the poem The Boy Died in my Alley by Gwendolyn Brooks the literary device that gives power to it is the theme. Being the theme of this poem the death because of the human social behavior and citizen irresponsibility, the readers may be interested in this because this issue may affect someone at any time in any place. The ignorance of people to the problem that happens around†¦show more content†¦In the poem Daddy by Sylvia Plath, the imagery is the literary device that makes it powerful. Imagery refers to literary devices in which the readers must add something for fully understanding of their meaning (Pike and Acosta 233). Although there are many forms in which writers can apply imagery as the literary device, the most used in Daddy is metaphors. An example of this is in lines two to five in the first stanzas: â€Å"any more, black shoe / in which I have lived like a foot / for thirty years, poor and white, / barely daring to breathe or Achoo†. She transfers her father’s qualities to a shoe. The metaphor is used here to catch the attention of readers making an interpretation of how her father was, leading to readers to associate her father with fear, evil, and mystery comparing him with black color. At the same time, it reflects power and elegance. The metaphor is a tool to show us how trapped she feels by the memories of her father too. There is a metaphor in lines 64 and 65 â€Å"I made a model of you, / a man in black with a Meinkampf look†. The writer means that she has a picture of him in her mind, she did not make a real sculpture. In addition, she repeats the word black and transfers the qualities of a Nazi, perhaps of Adolf Hitler who was a writer of the book titled Meinkampf, to her father. Another metaphor in Daddy is found in the lines 69 and 70 â€Å"The black telephone’s off at the root, / the voices just can’t worm through.† SheShow MoreRelatedBook Report on the Outsiders3269 Words   |  14 PagesMajor Characters Ponyboy Curtis - The novels fourteen-year-old narrator and protagonist, and the youngest of the greasers. Ponyboys literary interests and academic accomplishments set him apart from the rest of his gang. Because his parents have died in a car accident, Ponyboy lives with his brothers Darry and Sodapop. Darry repeatedly accuses Ponyboy of lacking common sense, but Ponyboy is a reliable and observant narrator. Throughout the novel, Ponyboy struggles with class division, violenceRead MoreBinary Opposition of Life of Pi5401 Words   |  22 Pages æ Å½Ã¨â€¹ ± 2012010285 Abstract: Ever since its publication in 2002, Life of Pi has gained great popularity and high critical acclaim from critical circle. It arose the study of Li of Pi from various angels. But most kinds of analysis about the novel are focus on existing doubts about the story, and the religious symbols in the novels. The binary opposition narrative in the novel discussed rarely. The novel is full of the binary oppositions narrative, these made the story distinctiveRead MoreAsk the Dust by John Fante13686 Words   |  55 Pagesvisit: http://www.bookrags.com/studyguide-ask-the-dust/ Copyright Information  ©2000-2012 BookRags, Inc. ALL RIGHTS RESERVED. The following sections of this BookRags Literature Study Guide is offprint from Gales For Students Series: Presenting Analysis, Context, and Criticism on Commonly Studied Works: Introduction, Author Biography, Plot Summary, Characters, Themes, Style, Historical Context, Critical Overview, Criticism and Critical Essays, Media Adaptations, Topics for Further Study, CompareRead MoreDeveloping Management Skills404131 Words   |  1617 PagesLine 58 Understanding and Appreciating Individual Differences Important Areas of Self-Awareness 61 Emotional Intelligence 62 Values 65 Ethical Decision Making and Values 72 Cognitive Style 74 Attitudes Toward Change 76 Core Self-Evaluation 79 SKILL ANALYSIS 84 Cases Involving Self-Awareness 84 Communist Prison Camp 84 Computerized Exam 85 Decision Dilemmas 86 SKILL PRACTICE 89 Exercises for Improving Self-Awareness Through Self-Disclosure 89 Through the Looking Glass 89 Diagnosing Managerial Characteristics

How to Convert Grams to Moles and Vice Versa

This worked example problem shows how to convert the number of grams of a molecule to the number of moles of the molecule. Why would you need to do that? This type of conversion problem mainly arises when you are given (or must measure) the mass of a sample in grams and then need to work a ratio or balanced equation problem that requires moles. Key Takeaways: Converting Moles to Grams (and Vice Versa) Grams and moles are two units to express the amount of matter in a sample. There is no conversion formula between the two units. Instead, you must use atomic mass values and the chemical formula to do the conversion.To do this, look up atomic masses on the periodic table and use the formula mass to know how many atoms of each element are in a compound.Remember, subscripts in a formula indicate number of atoms. If there is no subscript, it means there is only one atom of that element in the formula.Multiply the number of atoms of an element by its atomic mass. Do this for all the atoms and add the values together to get the number of grams per mole. This is your conversion factor. Grams to Moles Conversion Problem Determine the number of moles of CO2 in 454 grams of CO2. Solution First, look up the atomic masses for carbon and oxygen from the periodic table. The atomic mass of C is 12.01, and the atomic mass of O is 16.00. The formula mass of CO2 is: 12.01 2(16.00) 44.01 Thus, one mole of CO2 weighs 44.01 grams. This relation provides a conversion factor to go from grams to moles. Using the factor 1 mol/44.01 g: moles CO2 454 g x 1 mol/44.01 g 10.3 moles Answer There are 10.3 moles of CO2 in 454 grams of CO2. Moles to Grams Example Problem On the other hand, sometimes youre given a value in moles and need to convert it to grams. To do this, first calculate the molar mass of a sample. Then, multiply it by the number of moles to get an answer in grams: grams of sample (molar mass) x (moles) For example, find the number of grams in 0.700 moles of hydrogen peroxide, H2O2. Calculate the molar mass by multiplying the number of atoms of each element in the compound (its subscript) times the atomic mass of the element from the periodic table. Molar mass (2 x 1.008) (2 x 15.999) Note the use of more significant figures for oxygenMolar mass 34.016 grams/mol Multiply the molar mass by the number of moles to get the grams: grams of hydrogen peroxide (34.016 grams/mol) x (0.700 mol) 23.811 grams There are 23.811 grams of hydrogen peroxide in 0.700 moles of hydrogen peroxide. Performing Grams and Moles Conversions Here are some tips for performing these conversions: The two problems most commonly encountered are setting up the problem incorrectly, so the units dont cancel out and give the correct result. It helps to write out the conversion and make sure units cancel. You may want to draw a line through them in complex calculations to keep track of active units.Watch your significant figures. Chemistry professors are unforgiving when it comes to reporting an answer, even if you set up the problem correctly. Moles to Grams Conversion Problem Sometimes you are given moles and need to convert it into grams. This worked example problem shows you  how to convert moles to grams. Problem Determine the mass in grams of 3.60 mol of H2SO4. Solution First, look up the atomic masses for hydrogen, sulfur, and oxygen from the  periodic table. The atomic mass is 1.008 for H, 32.06 for S, and 16.00 for O.  The formula mass  of H2SO4  is: 2(1.008) 32.06 4(16.00) 98.08 Thus, one mole of H2SO4  weighs 98.08 grams. This relation provides a conversion factor to go from grams to moles. Using the factor 98.08 g / 1 mol: grams H2SO4   3.60 mol x 98.08 g / 1 mol 353 g H2SO4 Answer There are 353 grams of H2SO4 in 3.60 moles of H2SO4.