Assignment on Business Strategy Essay Example for Free

Assignment on Business Strategy Essay Assignment on Business Strategy 1 . Evaluate a company of your choices Mission statement in the light of the 3 components of any Mission Statement. Also use the Abel framework to evaluate the business definition that this mission statement drives. Ans. ) While a business must continually adapt to its competitive environment, there are certain core ideals that remain relatively steady and provides guidance in the process of strategic decision making. These unchanging ideals from the business vision and are expresses in the company mission statement. The mission statement communicates the firms core deology and visionary goals, generally consisting of the following three components: a. Core values to which the firm is committed b. Core purpose of the firm c. Visionary goals the firm will pursue The firms core values and purpose constitutes its core ideology and remain relatively constant. They are independent of industry structure and the product life cycle. The core ideology is not created in the mission statement; rather, the mission statement is simply an expression of what already exists. The specific phrasing of the ideology may change with the times, but the underlying ideology remains constant. Here is the Coca-Cola Companys mission statement for Stakeholders which is published in Jeffrey Abrahams new book, 101 Mission Statements From Top Companies . The Coca-Cola Promise: The Coca-Cola Company exists to benefit and refresh everyone it touches. The basic proposition of our business is simple, solid, and timeless. When we bring refreshment, value, Joy and fun to our stakeholders, then we successfully nurture and protect our brands, particularly Coca-Cola. That is the key to fulfilling our ultimate obligation to provide consistently attractive returns to the owners of our business. The audience for this mission is specifically for the stakeholder. The values here are stated explicitly: refreshment, value, Joy, fun, and attractive returns. These words were obviously carefully chosen by those who crafted this mission statement. The ultimate obligation of attractive returns is a powerful way to state the companys vision and keeps the values stated in context. A separate mission statement is published on The Coca-Cola Companys website for access by the general public: Everything we do is inspired by our enduring mission: * To Refresh the World in body, mind, and spirit. * To Inspire Moments of Optimism hrough our brands and our actions. * To Create Value and Make a Difference everywhere we engage. These values are consistent with the stakeholder version of the mission: refreshment and value are echoed in addition to inspiration. 2. What does a Business model intend to achieve, and how? Evaluate any company of your choices Business Model in the light of the same. Ans. ) Business Models are simulations of actual business functioning. They act as ideal real life examples, and help participants actively discuss the pros and cons of the situation given. A business Model gives a Full Account of any particular Business Scenario. One has to SWOT analyze the Business Model based on different how it makes money or delivers value, and what it does and does not do. A business model can change throughout the life of business or can be applied to a specific product, or to a nonprofit. It is a more general and concise statement than the business plan, but is still often used to explain the business and its activities to investors, banks or employees. Standard business models are often referred to in shorthand, such as subscription or low-cost leader. As we know a business model is the mechanism by which a business intends to pecify a market offering. It is a summary of how a company plans to serve its customers and specifies its product offering. It mentions both the strategy and methods of implementation. As Amazon. com was being established, the delivery of information, goods, or services to end customers employed one strong business model called the Online Retailers of Physical Goods. This business model takes title to the newly manufactured products that they sell and often rely on third party providers. Like Amazon. com, it needed third party providers, such as Borders and Barnes Noble, to maintain its product supply. When Amazon. om was first launched, Amazon. om was heralded for its feel-friendly culture that drew talented young people to apply for work there and employed smart hiring strategy by hiring the brightest, most intelligent and versatile people. Jeff Bezos wanted people who could share his vision and were willing to work to achieve it. He tried to establish a sense of community due to sharing both hard work and fun with his employees. Although pay was less than market salaries, attractive ownership options were offered. Amazons three operational strategies are 1 . Cost-Leadership Amazon places itself as leader based only on the pricing. It offers the same product quality for lesser price. 2. Customer Differentiation Amazon uses design, quality and convenience as a differentiator which set it apart from its close competitors. 3. Focus Strategies Customer service is the major focus while realizing that each market has its own quirks. Amazon. coms values and philosophy are at the center of the organization. These often determines the success and failure of the enterprise . The other important factors Amazon focuses on are customer satisfaction and operational frugality. These two values complement Amazon. oms operational trategies in achieving and maintaining an effective competitive advantage. Growth Drivers There are four primary drivers for growth: 1. Product focus 2. Customer focus 3. Technology focus 4. Distribution focus Using the above stated strategies, Amazon has managed to place itself in a position of power and success. 3. Use the 5 forces model to analyze and interpret the opportunities and threats that t he industry within which a company operates (of your choice), throws up. Explain how the company plans to capitalise on the opportunities and tackle the threats understanding where power lies in a business situation. It also helps to understand both the strength of a firms current competitive position, and the strength of a position a company is looking to move into. Despite the fact that the Five Force framework focuses on business concerns rather than public policy, it also emphasizes extended competition for value rather than Just competition among existing rivals, and the simpleness of its application inspired numerous companies as well as business schools to adopt its use (Wheelen and Hunger, 1998). * Chez Airlinbe company is not an isolated unit in the world and performs within a market full of other competitors. To be able to evaluate their position on market and to act accordingly they themed the Porters Five Forces Model. This model helped to define and realize their business and its surroundings and identify threats and opportunities to focthem on. They review this model periodically to obtain up-to-date data in this global and turbulent environment. The Porter Model consists of 5 elements which together comprises the environment business operate in. These elements are: suppliers, customers, new entrants, existing competition and the product itself. By assessing every one of these elements they get the whole picture of heir company within the market and the rating helps them target the key areas. They theme the scale of 0-5 to evaluate the policies of each element where O means no policies and 5 very high policies (reffering to the number in the brackets). * 1) Policies of Suppliers As they operate in the areas of services there are no critical commodities having large influence of their everyday service delivery. Therefore this area is not of critical policies in a short run. However, they should not underestimate this element as they wouldnt be able to continue the business in long run without suppliers. f their supply (3) This is a threat in case of the aircraft machines. There are not many reputable airplanes (and airplanes parts) producers and therefore they could have strong policies to control the air travel industry. As for the catering, gift services and other indirect materials there are many fragmented choice and therefore their policies is of almost no significance as they could be replaced quickly. There are no substitutes for the particular input (5) There are no substitutes for planes (in case they want to continue providing air transportation instead of ground routes) and herefore the policies of this element is very high business critical. They could reduce this policies by handling cargo theming the earth services but this might decrease service level they provide to their customers. * The suppliers customers are fragmented, so their bar gaining policies is low (4) There are more than 200 airlines all over the world and despite some alliance organizations (such as IATA) they are all potential competitors. The policies of this element is relatively high as the suppliers could afford losing one customers but the customers cant afford loosing the critical supplier (e. g. Boeing). The switching costs from one supplier to another are high (3) Switching costs in air transport industry are mainly related to the fact of limited airplanes producers and to the machine a company already owns. They theme planes form 3 producers: Airbthem, Boeing and ATR.

Indigenous Populations Health Case Analysis Essay -- Healthcare Indig

Introduction â€Å"Homo sapiens†, also called humans are best described as social animals. The accountability of this human behaviour lays with different factors, like culture, civilization, past history, etc. Among these factors, culture is the most significant. In the contemporary society, culture refers to composite reserve of principles, beliefs, knowledge, time concept, relations, etc passed-on from generation to generation, by groups (Roshan Cultural Heritage Institute, 2001). Among the thousands of culture practiced throughout the world, aboriginal culture is one of the richest and oldest culture which is estimated to be 58000 to 75000 years old (Goosen, 2000, p. 72). Different cultures have distinct perceptions to the models of health. This essay spotlights over the aboriginal culture, different models of health and their relevance to the case study of jenny. Discussion of case study Being an indigenous lady, jenny is deep rooted into her culture and society. Because of her baby delivery, she moved to urban area which made her vulnerable to variety of anxieties and stress. British colonisation on Australia â€Å"Terra nullius† was the official fiction, which lead to the invasion of British Empire on Australian mainland. Basically, it means the vacant and unpossessed terrains (Germov, 2009, p. 119). The first British fleet arrived at Botany Bay in 1788. This lead to various issues in the Australian indigenous society i.e. culture clash, indigenous dispossession, etc. Culture clash The term â€Å"culture clash† implies to the disruption between the people when two or more cultures exist together. Typically, culture clash is the drawback of multicultural society. According to Crisp and Taylor (2009, p.113), different fact... ...stone. Epstein, R. M., & Borrell-Carrio, F. (2005). The biopsychosocial model: Exploring six impossible things. Families, Systems, & Health, 23(4), 426-431. Germov, J. (2009). Second opinion: An introduction to health sociology (4th ed.). South Melbourne, Australia: Oxford University Press. Glittenberg, J. (2004). A transdisciplinary, transcultural model for health care. Journal of Transcultural Nursing, 15(1), 6-10. Goosen, G. C. (2000). Christian and Aboriginal interface in Australia. Theological Studies, 60(1), 72-94. Gustafson, D. L. (2005). Transcultural nursing theory from a critical cultural perspective. Advances in Nursing Science, 28(1), 2-16. Roshan Cultural Heritage Institute: Cultural understanding through education and communication (2001). Retrieved Dec. 1, 2010, from http://www.roshaninstitute.org/templates/System/details.asp?id=39783&PID=474552

Cold War and Communism Essay

There are situations in life that can arise at any moment, without our control. Nuclear war and terrorism are two of these situations. There are things we can do to prepare for these situations, but are we ever really prepared? To live under the threat of nuclear war must have been terrible. To know that at any moment a something very catastrophic could happen to us and our family, and there are only a number of things we can do to protect ourselves, is a gut wrenching feeling. During the Cold War, the threat of nuclear war and the atomic bomb put fear into everyone’s life. There was nothing civilians could do about this, except to â€Å"Duck and Cover†. The threat of the atomic bomb was so real that schools were instructing students on what to do if and when it was to occur. â€Å"Duck and cover† is what the students were taught to do. No matter where the person was, outside or inside, duck and cover was the best thing they could do in order to protect themselves from flying debris and the extremely bright light. I’m sure that the fear that the threat of the atomic bomb scared the children very much. Living under the threat of nuclear war and living under the threat of terrorism have a lot in common. Terrorism defines many different situations, such as 9/11, a shooter entering a public place, poison being put into our air or drinking water, etc. The fear is the same, we are afraid that a situation could occur that could harm, or even kill, us or our loved ones, and there is nothing we can do to prevent it. Just like schools were teaching students what to do in case of a nuclear bomb during the Cold War, schools are now teaching students what to do in case of a terrorist attack. Since the shooting at the elementary school Connecticut, schools all over the country have been teaching the students what to do and how to handle the situation. I believe that this is a very positive thing. School shootings seem to be happening more and more often, and students should be prepared. One different between the threat of the nuclear bomb and the threat of terroristic attacks is that the nuclear bomb was expected to happen, terrorism isn’t something we expect, it tend to happen randomly with no warning. Living under the threat of any catastrophic event is very frightening. All we can do is learn what to do in the situation and be prepared.

The Wife of Bath A Literary Analysis Essay - 1093 Words

Geoffrey Chaucer’s â€Å"The Wife of Bath’s Tale† is an important part of his most famed work, The Canterbury Tales. One of the most respected highly analyzed of all of the tales, this particular one is important both for its character development and its prevailing themes. It seamlessly integrates ideas on society at that time with strong literary development. This work stands the test of time both because of its literary qualities and because of what it can teach us about the role of women in late Medieval society. In terms of literary quality, Chaucer went great lengths to give all elements a bit of attention. The work is primarily about a knight who is pardoned from a rape on the condition that he acquires the answer to one of life’s†¦show more content†¦The language used in the work is quite formal, but that is to be expected given the time frame it was written. His form in this story might be construed as a form of poetry, and Chaucer made t hings work by using artful language. In describing marriage, he used especially floral writing. Chaucer wrote, â€Å"Lo, theres the wise old king Dan Solomon; I understand he had more wives than one; And now would God it were permitted me To be refreshed one half as oft as he! Which gift of God he had for all his wives!† (Chaucer). Additionally, Chaucer was very well known for his use of alliteration. He routinely used similar sounds to get the most out of the action and this makes his work much more readable. He wrote, â€Å"To read, within this book, of wicked wives. He knew of them more legends and more lives† (Chaucer). This use liberal use of consonants was a major part of the work and was innovative in its historical context. One looking at the theme, one could easily say that it is all about the power of women. Chaucer used the strong female character to get this across, and many believe that it likely would not have worked if the author had not first established such a strong voice. Early scholars argued that the book was more about marriage than it was female strength (Kittredge, 1912). Whatever the case, it is clear that Chaucer’s primary focus was on explaining the role women might play in society if they were able to. This particular work ofShow MoreRelatedSex in The Canterbury Tales Essay937 Words   |  4 Pagesmarital bond of â€Å"making love† makes evident Chaucer’s skewed views of love and marriage with underlying tones of misogyny. He expresses these views throughout the work, however, the theme of love and sex is most evident in the sub-stories of The Wife of Bath and The Miller’s Tale. Chaucer breaks the topic of sex into two basic parts: carnality and romanticism. 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