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ective of this model is that it gives the future consultants tools set for adaptation to reforming imperatives and managing changes (Ackermann & Eden 1998).
Strategic management is the process meant to draft, implement and evaluate functional decisions that enables an organisation to achieve its long term goals. Ackermann & Eden (1998) states that strategic management involves the mission, vision, objectives as well as policies designed to achieve these set objectives. This model has got various theories and model. These include; Porters five forces. These forces determine the competitive intensity and attractiveness of the market. To begin with we look at the threat of new competitors. In a market situation especially a profitable one, may result to high output that attracts investors and therefore decrease the market share. To deal with this problem, a manager needs to set up objectives and strategies that will maintain their customers. These strategies may include customer loyalty. Another force is the rivalry between existing firms. This is where firms operating on the same level compete for market share and profitability (Ackermann & Eden 1998). Managers set up strategies based on price, quality and innovation of brand names. Competition can mostly be avoided through technological progress. Bargaining power of buyers is also categorised in the porter’s five forces of strategic management. It can be defined as the ability of the buyers to make the firm run under pressure. It also involves the bargaining power of suppliers and the threats of substitutes that affect a market situation.
In reference to the above models, I think the perceived strengths would be insisting on customers’ royalty. This is because the customer will always be right. If this objective is enhanced then there will be increase in market share as well as firm’s output. The weakness of practicing this model is that most firms would not afford raw materials such as capital to influence
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The second part examines the environmental reporting practices that have been carried out by BHP Billiton Australia. The final part of the paper discusses recommendations for improving sustainability and environmental responsibility in BHP Billiton. This report indicates that environmental responsibility has become an important subject in modern business.
As Gibbs once said; ‘It is not sufficient simply to have an experience in order to learn. Without reflecting upon this experience it may quickly be forgotten, or its learning potential lost. It is from the feelings and thoughts emerging from this reflection that generalisations or concepts can be generated.
le. It analyses the implementations of the ideas and practical skills so far acquired and how they have benefited my career ambition. The report will then provide a personal reflection of activities involved in this learning process. 2.0 Critical reflection on optimisation personal digital profile Learning is said to be a continued activity, one that skills and sharpens one’s practice and understanding.
I will also consider critical challenges. 2.0 Own experience of the project Our first assignment, the iProject, was one that was to be handled individually. The first assignment was to create a digital personal profile. The exercise presented hands on practice opportunities with different online web design tools.
Numerous projects have been carried out with the sole aim of promoting the development of local enterprises as a means of improving the conditions of rural communities (Praszkier and Andrzej 110). A community enterprise utilizes the support of several members of the community to come out comprehensively with the final product and as such, the enterprise becomes the property of the community as opposed to a single individual.
With such a development, every eye is turned in this vast country as it holds one of the most important posts in the world's economic scene.
With such a development, there are those who claim that the said assumption is too early for the Russians as the said country is still considered as a developing one since some of the country's wealth are still considered as potential income and not as actual income.
Those delinquent customers should never again receive credit from the company. Changes should be made to the 2/10 , n/30 policy. The company has to make changes to ensure this pattern does not continue in the
study has identified the critical success factors needed to be considered by the aerospace industries and analyses the effectiveness with which Airbus has executed those factors. Apart from these factors Porter’s Generic strategies have been used to study the generic
As such, this paper seeks to critically evaluate the operations of Apple Inc. using the above mentioned framework. The paper starts by outlining the company’s mission statement, stakeholders, external environment and this will be followed by a SWOT