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THOMSON REUTERS CURRENT STRATEGIC REVIEW - Essay Example

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Title: Thomson Reuters Current Strategic Review Abstract: Strategies are highly essential for business organizations in order to sustain their performance in the long run. A strategic review enables understanding of the company’s internal strengths and weaknesses as well as the external political, social, economic and technological factors that may affect or influence the performances and success of an organization…
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THOMSON REUTERS CURRENT STRATEGIC REVIEW
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Download file to see previous pages The study analyses the strengths, weaknesses, opportunities and threats of the company and also discusses on the strategic measurements of the company that has the led the company build up its value chain attracting and sustaining customers across the world. The major strategic options for the company could thus be determined from the study of this company as found to be essential strategic measures for the success of a business. Introduction: The Thomson Reuters organization was formed from two powerful brands- Reuters in Europe and Asia, and Thomson in US and Canada- and aims to present the professional markets across the world with Intelligent Information intended to generate Knowledge to Act. Thus the organization focuses to serve its customers across the world involving the established strengths of both these brands. Powering the market across the entire globe is the primary goal of the company. Thus the organization focuses on creating and maintaining simplicity, offer insight through autonomous information and substance to facilitate resolutions and are the reliable association between individuals, dealings and information. Innovation is the primary objective of the organization. The organization intends to deliver excellent service to its customers through its products and improve the reliability, stability and quality of the operations of the company (Thomson Reuters: Knowledge to Act n.d.). The performance of the company over the years has been recognized and rewarded by several publications and organizations across the globe. Considering the recent times, the company’s AlertNet Climate was chosen as an Official Honoree in the Green Category by the 16th Annual Webby Awards. The Technical Analyst Award for 2012 was also won by Thomson Reuters News Analytics. AlertNet received the recognition for the Best Designed Site and the Best Video Journalism was achieved by The Egyptian Revolution. The company had also been awarded for their charity functions. Their data and technology, law, and accounting were equally recognized and awarded in the recent times (Awards & Recognition 2013). Thus it can be observed that the company over the years has considered effective measures towards achieving its significant position in the industry as reflected through such awards and recognitions. When strategic review of an organization is concerned, it is referred to the understanding of the strategic measures of an organization enabling it to perform successfully in the long run. It is generally difficult for an organization to consider measures that would prove to be effective in the long run. Organizational strategies need to be considered as a continuous process for an organization to discuss measures among the organizational members for plans that would be executed in the short as well as in the long terms. This would essentially focus on the objectives of an organization that need to be achieved. The internal and external factors of an organization are largely responsible in affecting and influencing the organizational strategies. Also, the organizational culture is a significant factor that affects the strategies considered by an organization (Hodge 2012). The present study focuses on Thomson Reuters and considers a strategic review of the organization thus discussing about the current strategic ...Download file to see next pagesRead More
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