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.
Nobody downloaded yet

Strategic management - Coursework Example

Comments (0) Cite this document
1. The strategies pursued by Ferrari between 1975 and 1978 were tremendous making the team able to achieve championship title and renowned reputation in the Grand Prix and F1 constructors’ team in general. One of the most renowned strategies employed by Ferrari between 1975 and 1978 was revolutionizing engine design…
Download full paperFile format: .doc, available for editing
Polish This Essay91.7% of users find it useful
Strategic management
Read TextPreview

Extract of sample
"Strategic management"

Download file to see previous pages This specific strategy of Ferrari paid off due to its ability to supplement a large technical team that was dedicated to engine design and development. Another important strategy utilized by Ferrari was giving of high value for its reliable technical solutions. In particular, Ferrari tried to translate the driver’s senses into reliable technical solutions. After all, the drivers can actually say a lot of things about the entire performance of the car and its engine. In line with this, Ferrari is significantly on the right course in order to obtain its competitive advantage. With a highly reliable technical team, Ferrari can always have the great chance to maximize its potential in translating the needs or opinion of the drivers about the car’s general performance. Another important strategy used by Ferrari was its investment in highly talented drivers. Car-racing activity requires a highly and specially skilled driver due to its high level of risk and pressure towards excellence. In the end, it was not just the whole engine and car design that would matter, but the drivers in great detail. Thus, this was one of the major reasons why Ferrari was able to translate driver’s senses into reliable technical solutions. 2. Ferrari faced problems in the early 1970s because of some important strategic reasons. Their entire performance was based on its strategic activities done in order to plunge in the competition. However, such strategies they implemented in 1970s were not so remarkable compared to what they applied in between 1975 and 1978. Ferrari in the first place rarely attended car racing and focused so much time on car manufacturing. In this regard, Ferrari tried to rely on media and his advisors for information leading to being politicized most of the time. Furthermore, his first love was motor racing. Thus, there is a great possibility that lesser enthusiasm will be given to car racing even that the said activity gave a great amount of money for funding of his business. However, Ferrari was good at sourcing funds for his business. The merger with Fiat proved to be remarkable for outsourcing funds, but substantial pressure was packaged with it especially that competition for engine design proved to be a substantial trend in the market. Ford Motors was able to come up with Ford DFV engine which particularly dominated F1. Since Ferrari was good at giving focus on car manufacturing there was a good chance to dominate in the competition. However, due to age and health condition, Ferrari could not stand long to manage the entire business. Thus, the only good thing left was to hire for new technical in-charge and a new team boss. That was when Mauro Forghieri and Luca di Montezemolo were hired in the team. This paves way to a good starting point for the entire management of Ferrari and his team. Thus, it was clear enough that Ferrari just needed to have organized the management team in order to give so much focus on whatever is necessary in its entire business. From the start, Ferrari was losing focus on some major aspects of its business and one of them was forgetting to organize a highly organized and managed team. 3. The key elements of a successful F1 team include the utilization of human resource, cutting-edge technology and integrate them into one big marketing activity. The first element was the creation of drivers’ association through F1 and its drivers’ ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategic management Coursework Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/statistics/1428937-strategic-management
(Strategic Management Coursework Example | Topics and Well Written Essays - 1500 Words)
“Strategic Management Coursework Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/statistics/1428937-strategic-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic Management
The research paper is aimed at helping to understand the need for incorporating technological and process based innovation in the business activities of a company. The research project involves the case study of Royal Mail to reflect on the strategic initiatives taken by a business company while incorporating technology as the key driver.
5 Pages(1250 words)Coursework
Henry Mintzberg places company strategies on a scale that ranges from those that occurs from deliberate internal decisions and those that occurs as a result of external forces. The authors aim is to use the strategies of the Canadian aluminum producer Alcan based in Europe, from its source when it separated from Alcoa, in 1928, up to the moment Rio Tinto acquired it in 2007.
4 Pages(1000 words)Coursework
Strategic Management
By utilizing rigorous interviews with chief executives officers in businesses and administering questionnaires to managers. According to the journal, strategy making is driven by three main conceptions. These include: “performance consensus, ends and means specificity as well as ends and means flexibility.” According to the writers, deliberate strategy is linked with “ends and means specificity” whereas “ends and means flexibility” inclines towards emerging strategy.
4 Pages(1000 words)Coursework
Strategic management
The perception of strategic management is referred as the process of decision-making by analysing certain organisational aspects for gaining sustainable competitive position. It plays a major role in the business development of a particular organisation (Griffith University, 2002).
8 Pages(2000 words)Coursework
Strategic Management: Strategic Choices
In fact, a discussion of Toyota’s strategies has become a common staple not only for aspiring business and management students but also for professionals across the business spectrum. Business Strategies Toyota’s business strategy can be perceived to contain four ingredients: innovation, localization, mass production efficiency and brand image.
4 Pages(1000 words)Essay
Strategic management
The variations are caused by factors such as; the lack of coherence, the variation of strategy with the modern practices of management, the failure to distinguish between
4 Pages(1000 words)Coursework
Strategic Management
Through out all this period the company moves from emergent to more strategies that are deliberate (Bryson & Famum, 2004). The objective of the overview was to assess whether the firm development was because
4 Pages(1000 words)Coursework
Strategic Management
Because of the well developed capability of communication and digital networking, there has been a free flow of information across market around the world. Armed with the easy access to information and technology, consumers are becoming more
12 Pages(3000 words)Coursework
Strategic Management
Consequently, one might start and conclude in certain position. Furthermore, this can be achieved by cautious crafted plan. Many other authors along with Henry Mintzberg became the advocate of devil in strategy model. Henry Mintzberg claimed that human beings are not capable enough to comprehend, analyze and understand the job of strategic assessments.
7 Pages(1750 words)Coursework
Strategic Management
The diversification in case of Pepsi-Co has paid dividends in multiple forms. Owning to its global recognition and acceptance, in Russia investors showed their interest with regard to investing capital of over 1 billion dollars (abcnews, 2015) over a phased
2 Pages(500 words)Coursework
Let us find you another Coursework on topic Strategic management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us