Nobody downloaded yet

Management Overview - Essay Example

Comments (0) Cite this document
Summary
Chapter 1: Introduction 1.1 Management Overview There have been excellent works on the subject of getting and keeping competitive advantage by a number of authors, which include Porter (1979), Barney (1991), and Mintzberg (1995). The literature shows a slow change from what some authors describe as a prescriptive approach to what Whittington (2001, pg…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Management Overview
Read TextPreview

Extract of sample "Management Overview"

Download file to see previous pages These approaches are preferred because companies have little control over external factors in their environment, including their competition, but have a great deal of control over internal factors within the firm. This is especially true with PLCs seeming to shorten over time, most notably in technology fields. With all this taken into account, it makes sense for organizations to focus internally to attempt to gain a competitive advantage, rather than being reactionary and responding to external factors consistently (Teece, 1997), which should help them not only get a competitive advantage in the first place but also sustain it over the long term. In this paper, the writer will attempt to analyze changes that have occurred in the field of strategic management. Dell Corporation will serve as the model for this analysis, as its business model has been praised recently due to its unique approach to markets. 1.2 Dell Computers Product Lie Spans have been shortening from some time in Dell’s sector (computing), which obviously can create problems for a corporation in terms of creating a long term sustained advantage. This is because any advantage gained from innovation is unlikely to last more than one product life cycle, after which competitors will adapt or copy such innovations, meaning that without constant innovation, a company will quickly lag behind. This also means that a company must display excellent flexibility, and be able to change their strategic focus quickly: in Dell’s case, for instance, a weakening desktop market might be inevitable, so they would need to be able to quickly capitalize on other business such as laptops or accessories. Competition in this sector changes frequently, as new firms enter, and new technologies redefine the expectations of the consumer base. While this leads many firms to jump head first into this sector, it has also led to some existing it, when they cannot compete with their competitors, cope with external dynamics, or maintain enough innovation to keep them competitive with their competitors in the long term. Failed companies within such organizations also frequently do not possess the necessary resources to create or maintain competitive posture: thus the problem can be viewed as both resource based and externally driven. HP, for instance, could not maintain competitive advantage in the tablet market or the PC business because of competition from firms like Apple and Google (Cellan-Jones, 2011), making the company rely solely on its printer/scanner division to stay afloat. Lawson and Samson (2011) show that competitive advantage in this field depends on organizational asset positions as well as strategic flexibility and strategic decisions; there are distinctive flavors of strategic paths that seem to lead to success in this field. This flavor touches on the way the firm is put together and operated, and has a lot to do with organizational culture including working conditions, expectation, management systems and so on. Samson and Lawson create a definition of the dynamic corporation – which will maintain competitive advantage, which includes things like cross-functional resources and management fascilities, which spans research ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Management Overview Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Management Overview Essay Example | Topics and Well Written Essays - 4000 words. Retrieved from https://studentshare.org/management/1400211-paraphrase
(Management Overview Essay Example | Topics and Well Written Essays - 4000 Words)
Management Overview Essay Example | Topics and Well Written Essays - 4000 Words. https://studentshare.org/management/1400211-paraphrase.
“Management Overview Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/management/1400211-paraphrase.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Management Overview

Assessment Summary: Project Management. A brief overview

...? Assessment Summary Table of Contents Project Management: A brief overview 3 Role of Project Managers 3 Background - Sector & PM Knowledge Area 3 Project Human Resource Management: A Brief Overview 6 The Wembley Project 7 Project Human Resource Management of Wembley Stadium 8 Evaluation 8 Observations 8 Recommendations 9 Conclusion 10 Comparative Study 11 Works Cited 14 Bibliography 17 Project Management: A brief overview Project management is an important and specialized task which requires a set of specific knowledge and expertise. The important aspects of project...
12 Pages(3000 words)Essay

Overview of Contractual Risk Management

...?OIL AND GAS CONTRACT LAW Overview of Contractual Risk Management The Oil and Gas industry is certainly an industry that can be described as the heartbeat of industrialization of the world. This description best fits the industry given that it is the oil and gas industry that serves as the powering agent for most of the production based industries of the world. To this end, industrialization and the concept of industries could generally be grounded to a halt if the oil and gas industry is not well catered for. Interestingly, there are some specific industrial activities and programs within the industry that in their own means affect investment and the development of the oil and gas industry in one way or...
12 Pages(3000 words)Essay

Risk Management Overview

...? Risk Management Overview Risk Management Overview Organizational risk is a situation where a business organization is exposed to uncertainty on the returns of its investments due to exposures of business hazards such as credit default (Breeden and Whisker, 2010). Business risk is the probability that a business or organization will have less profit than expected and thus leading to limited ability to carry out its normal day to day operations (Devine, 2006). The standard operations every company or business carries out include; paying rent, wages, salary, petty cash, paying taxes. A business may not be able to run without all these basic activities and it is also likely...
3 Pages(750 words)Essay

Management Models: An Overview

...Management Models: An Overview “The principal object of management should be to secure the maximum prosperity for the employer, coupled with the maximum prosperity for each employee”. In today’s fast paced, hi- tech world, the demand for efficient systems of management in organization is very high. We experience the greatest complexity of human management techniques, from households, governments, trade unions through multi-faceted business empires. This has aroused a drive towards bigger, better and more complicated systems of human resource management. Coupled with the innovations in such systems is the parallel growth of study and...
5 Pages(1250 words)Essay

Human Resource Management Overview in Health Care

...? Human Resource Management Overview in Health Care The The Human Resource Management Overview in Health Care Human resource management plays a very critical and important role in the healthcare field. It plays the lead role of molding policies strategically through its leadership characteristics. Management of human capital is a daunting task for which above average expertise is required to hire, retain various posts as per the changing job role demands. Communication plays a critical role in furthering and meeting the desired needs of resource management. In this regard, past literature review can be helpful for...
7 Pages(1750 words)Assignment

Human Resource Management Overview

...? Human Resource in Medical care Field Introduction Human resource department is a sector in every organization secured to manage human capital. It plays a big role in the success or failure of an organization. In the health care field, human resource management determines the quality of services provided to clients (Niles, 2013). Proper managing of human resources is essential in recruitment, selection and maintenance of all staffs and it improves employee’s morale. These services among others enable heath care organizations to provide quality services hence improving patient’s health. Therefore, every organization should manage human resource department appropriately to...
6 Pages(1500 words)Research Paper

An Overview of Management Practice of Whole Foods

...? An Overview of Management Practice of Whole Foods Submitted by: Management December 5, TABLE OF CONTENTS Introduction 3 2. Brief Overview of the company 3 3. Motivational tools and strategies such as Work Life Balance, Benefits , Virtual Work, Rewards, Recognition, Performance Management, Training and Development 3 4. Leadership/ Management Style 4 5. Organizational Culture / Corporate Values/Norms 4 6. Teams and Employee Empowerment 5 7. Diversity Initiatives 5 8. Organizational adaptability and response to change, innovation 6 9. Conclusion 6 10. References 7 WHOLE FOODS 1. Introduction This study focuses on the operations of Whole...
4 Pages(1000 words)Essay

Risk Management Overview

...RISK MANAGEMENT OVERVIEW (College) Introduction As business practices change rapidly and businesses face various types of risks and uncertainties, Risk Management has become an integral part of the best management and imperative to achieving business success. A well-established risk management facilitates better business and project results through providing knowledge and confidence for better decision making and insight in to critical aspects of the business. Risk Management is thus a strategic measure that allows management identify the potential risks, assess, analyze and evaluate them and take corrective actions to...
5 Pages(1250 words)Essay

Overview of Risk and Quality Management in Health Care

... of Phoenix Material Overview of Risk Management and Quality Management in Health Care Worksheet Questions Risk ManagementQuality Management How does the leadership and governance of a health care organization influence the development and implementation of risk-management and quality-management policies? Leadership and governance in health care covers both a group of tasks to guide improvements in the quality and safety of healthcare, as well as traits necessary for implementing required improvements. Active and visible leaders in the health care build a quality and safety program that establishes constructive and sustainable enhancements for patients in addition to those that satisfy the ethical and legal health care governance... ...
2 Pages(500 words)Assignment

Critical overview of the role of fashion management in relation to the different market subdivision in the fashion industry

...Critical Overview of the Role of Fashion Management Introduction The fashion industry is a multi-billion dollar industry. Management and marketing are key components for this industry to flourish putting aside the models and designers. New trends are unearthed and brands established through marketing and management. Fashion management focuses on managing supplies and selling products (Solomon & Rabolt, 2004). A fashion manager of a brand like Abercrombie and Fitch his or her duties will include helping sales associates to reach the required target and coordinating operations in their assigned sales market (Clark, 2004)....
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Management Overview for FREE!

Contact Us