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Although external factors have played a very crucial role in the current situation of GM Europe, still, the internal strengths of the company like recognition, state support, global operations, U.S. leadership and many others are making the company capable to avoid the threats of closure.
The report also shows that the current opportunities in European market such as demands of fuel-efficient, small cars and green cars are some of the unexplored opportunities for GM Europe. The internal and external factor analysis shows that company is less responding to threats and opportunities than its average ability however, it is efficiently responding towards its strengths and weaknesses. The SPACE analysis shows that in consideration to the current position of GM Europe, company should adopt conservative strategies such as product development, market penetration. Such strategies will help the company to remain consistent in its revenues and to grow its market shares.
During the last year, GM Europe has been planning different strategies however, finally in February 2010; the restructuring plan of the company has been announced. The report critically analyses all different alternatives presented by GM Europe throughout the year. Finally, selling the percentage of Opel Shares, downsizing, bottom cost cutting, development of green and fuel efficient cars have been considered as the most appropriate strategies for GM Europe.
This report also shows the three years projections of GM Europe and it has been highlighted that in 2010 revenues of the company will go in negative, however, breakeven profit is expected in 2011 and positive profit is expected in 2012. The market shares of the company will also grow during this period and costs such as manufacturing costs, fuel costs will be reduced because they are the major parts of restructuring plan. Therefore, GM Europe survival is
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This means that strategic management brings together the mission, objectives, and vision of a firm and develops policies and plans then allocates resolves to allocate resources to the set plans and policies in order to ensure their implementation (Wheelen & Hunger, 2011).
Human resource management of an organization deals with a number of management decisions which have a major impact and influence on the people of the organization. The human resource management when dealt with in a strategic manner with strategic plans and well thought out and strategically devised practices, then this is referred to as Strategic Human Resource Management. The main aim of this paper is to compare and contrast the various approaches of strategic human resource management.
Apple Inc. the electronics and software developing organization is recognizable to the common people as innovators of the computer industry. The company has been able to change the computation experience of the human beings. Apple keeps on launching new and hugely innovative products periodically in order to hold their existing market share.
Crisis management plan must be prepared keeping into consideration the overall safety of the strategic planning process. The aim of the strategic management in such needful situations is to enhance the organizational capacity in responding to the crisis and make strategic plans to effectively overcome from the identified obstacles (European Interagency Security Forum, “Crisis Management of Critical Incidents”).
The problems regarding common good of the society, current affairs (national and international), various developments in important fields must be presented timely and as quick as possible to capture the reader's sight and mind.
Importance of customer needs: The general and common needs of the customer which are spotted in this field are delivery of the product in time, timely coverage of events.
The major strength of the paper lies in the comprehensive nature of conducted research encompassing three years of close interaction with the company and in an excellent choice of company under analysis. Unilever was one of the first to recognize the importance of strategic knowledge management, having accumulated extensive evidence on its development and implementation in a wide organizational context.
Strategic management in the public sector is a complex process since there are multiple stakeholders with varying needs and limited resources available. There are various approaches to strategic management in the public sector.
In an article published in the Wall Street Journal on 7 May, 2009 and titled Arbitron, Looking To Make Strategic Investments, Takes Page From Cisco, Ty McMahan wrote about the recent decision that had recently been taken
uter-supported business work and computer-mediated communication suggested that the extensive deployment of information and communication technology for supporting joint work is mostly dependent on the corporate strategy that encourages trust amongst parties (Biuk-Aghai, 2003;
Therefore, the authors aimed at emphasizing the role of human resource in the strategic management of the postindustrial society. Therefore, there is a need to expose strategic managers to both significances of human resource alongside the
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