STRATEGIC PLAN CRITIQUE Essay Example | Topics and Well Written Essays - 500 words

STRATEGIC PLAN CRITIQUE - Essay Example The company’s strategic plan is formulated to address the current threats / issues concerning the industry as well as the company as a whole, such as its weaker presence in the social networking segment, low integration of the wide range of services provided, technical barriers resulting in outdated links, network scams, environmental issues etc. These issues are aptly tackled by the company management by using its internal strengths of manpower, intellectual knowhow and widespread popularity to leverage its brand value and maximize customer satisfaction at the same time working closely with the company’s vision, mission and values. This strategic planning process is vital for all organizations as it helps them in identifying the various threats and opportunities in the industry as well as provides them with adequate data about its internal strengths and weaknesses to address such issues posed by the macro economic environment. This paper discusses the various problems, issues as well as threats concerning the industry as well as the company as a whole and assesses the strategic planning process identified by the management to address those issues. The Pedigree Grooming and Boarding Company based in New Mexico, is dedicated to providing value based services to the dog show competitors. The various issues concerning the company currently, includes the change in ownership, economic distress of the customers, high competition, pricing policies and relative inexperience of the new owner in this field. These problems are intended to be addressed by adopting new pricing policies, expanding its service line, employee development through rigorous training, and setting achievable yet competitive targets. This strategic plan is designed appropriately that seeks to target the most crucial aspects of the business and is in line with the overall goals, vision and mission of the

Corporate Social Responsibility(CSR) Essay Example | Topics and Well Written Essays - 500 words

Corporate Social Responsibility(CSR) - Essay Example As a result of this, many corporations resolved to embark on the programs of CSR in an attempt to offset their effects on the society along with improving their corporate practices in general. Companies that decide to implement a CSR program start out by discussing the program in their codes of ethics and mission statements so that the interested parties and stockholders become aware of the program. Many companies presently have a separate CSR department that not only ensures that the company’s CSR program is noticed by the public but also manages the social programs of the company. Companies generally vary in the scope of their CSR program. A vast majority of the companies start implementing the CSR program at home by offering more health benefits and higher wages to their employees. Addressing the corporate suppliers is usually the step that follows that tends to create a constant supply chain with practices that are ethically justifiable. The advantages of having a CSR program mainly include good reputation in the market and in the eyes of the consumers, increased brand loyalty on the part of the consumers, and a competitive advantage for the companies particularly when they bid for contracts. The disadvantages of having a CSR program include incurring extra cost to do the operations that can otherwise be done in a cost-effective manner, though the latter would be more unfriendly toward the environment or the society at large. Many companies these days have a trend of adding a charitable aspect to their CSR programs. An example of this can be sponsor initiatives directed at the development of the community in the regions where coffee is produced by a company that produces and sells coffee. Likewise, a company that produces oil might take measures for the restoration of habitat in a region that has historically been used for the extraction of oil. In addition to that, many companies add this charitable aspect by donating funds to the charities of their own

Small & Medium Sized Enterprises in an International Environment Essay

Small & Medium Sized Enterprises in an International Environment - Essay Example Center of discussion in this paper are small and medium sized businesses that are imperative to the economy of a country mainly for their roles in job creation, innovation and technological advancement. In recent years, small start-up and even smallest of businesses, particularly those from the high-technology industries are internationalizing at an increased rate. Most of the small businesses are launched with a plan of conducting cross-border business activities. Within the free trade zone of European Union, more efforts are put in to unite the countries both economically and politically and this transition has made tremendous changes in the international business contexts. For small and medium sized businesses, it has become easier for them to broaden their business activities globally, bringing newer opportunities as well as threats. Basically, there are three approaches to the internationalization of small businesses; they are stage approach, network approach and the born global approach. Stage approach states that internalization of small businesses occurs gradually from the domestic marketing through the export as primary mode of entry to another country. The network approach states that internalization of small businesses occurs through developing successful networks of business relationships to facilitate global business operations. Born Global firms are those small businesses that are launched with cross-border business activities in mind. ... ternalization of small businesses occurs through developing successful networks of business relationships to facilitate global business operations (Hynes, 2010, p. 90). Born Global firms are those small businesses that are launched with cross-border business activities in mind (Longenecker, Moore, Petty and Palich, nd, p. 443). In recent years, small businesses that are launched with a view to gradually internationalize the firm’s activities and this has tremendously impacted the roles that are played by the small business in international business contexts. Importance of Small Businesses in International Business Contexts Small Businesses as Engine for Job Creation Out of the 30.23 million businesses in the United States, around 99.7 percent as accounted to be 30.14 million are considered as small businesses (Scarborough, 2011, p. 23). Though they are generally termed as ‘small’ as they employ fewer than 100 employees their contribution to the economy is greater both nationally and internationally. Small and medium sized businesses employ more than 51 percent of the nation’s total private sector workforce, but the assets these small businesses posses are considerably less than big multinational and other businesses (Scarborough, 2011, p. 23). Small businesses are critically important to the economy of a country and the international economy in general due to the roles it plays such as job creation, innovation, long term growth etc. Malchow-Moller, Schjerning and Sorensen (2009, p. 16) asserted that entrepreneurs, especially of the small businesses, are widely believed to play pivotal roles in terms of job creation and wage growth. The father of entrepreneurship, Schumpeter, explained this concept through ‘creative destruction’ as entrepreneurship replace

Exercises BYP10-1 and BYP11-10 Essay Example | Topics and Well Written Essays - 1000 words

Exercises BYP10-1 and BYP11-10 - Essay Example ‘Write the press release convincing the stockholders that the stock dividend is just as good as a cash dividend’, he orders. ‘Just watch our stock rise when we announce the stock dividend; it must be a good thing if that happens.’ There is nothing unethical about President Mailor’s actions, as declaring dividends are at the sole discretion of the company. Moreover, Greenwood has paid out cash dividends for over 15 years, when the company was doing better in terms of cash as well as earnings. At the time of crisis, where there is only enough liquid assets to take care of day - to – day operational activities, the decision taken by President Mailor is very reasonable. When stock dividends are declared, the stockholders are given additional stocks based on the number of stocks originally held by them. If this involves, adding new shares to the company, then the total number of stocks are increased; however the value of the stock is reduced, so that the total stockholders’ equity remains the same. Hence a stock dividend increases the number of stocks whereas the total value of stockholder equity is unchanged. As a stockholder, a cash dividend is preferred, as it is paid out immediately and adds value to the stockholder. However a stock dividend is of lesser value to the stockholder, as it just increases the number of stocks held and does not add value immediately. The stock dividend appreciates only when the value of the company goes up in the future. But there is also a possibility of the company’s value going down. Hence a cash dividend is more preferred by the

Political and Economic Systems of India and Japan Essay

Political and Economic Systems of India and Japan - Essay Example Gratitude to the achievement of India's financial reforms since 1991, ever since then it is opening to come out as a global economic control. The nation's burst through in the IT business is mainly extraordinary. Though, Japan's concerns in India continue low compared to that in China and the ASEAN countries, which is replicated in the low levels of personal foreign straight savings. There is prospective for future growth of Japanese venture in India, in spite of a lot of obstructions comprising infrastructure, system of government, and literary and language hurdles. In order to understand this potential   Several see Japan as an up-and-coming colossus, but India is functioning tough to hold up. Both scheme extraordinary economic expansion but in very diverse political, martial and cultural backgrounds. Economist and Politicians converse India and Japan as the economics of the 21st century.   The problem in previous days was mostly that through the Cold War years, there was not a great deal of an association amid India and Japan. It merely started after 1991 when there was an alteration in the financial policy and the financial reform procedure started in India. However so far, past ten years, Economist and Politicians believe that though India and Japan have a lot-balancing function to play in economic features, there is until now a lot of possible aptitudes to be discovered in the relationship between the two countries. Each government has not subjugated this fundamental potentiality so far. Thus, both the countries have fairly a lot to do to make efforts to additionally endorse investment in every other country.   The stage of the Foreign Direct Investment (FDI), which approaches to India in contrast with what goes to Japan, is around one to ten. The sum Indians are investing in India is around 200 million dollars, but about 2 billion dollars is going to China and Japan yearly. Apparently, there is geological proximity between Japan and China, and to both nations with India.   The Indian citizens are extremely welcoming towards Japanese or Chinese, and a very pro-Japanese feeling subsists in India. Many people speak about the general legacy that Indians and Japanese share, particularly Buddhism, which came from India to Japan all the way through China. Moreover, previous Prime Minister Nehru talked concerning the development in India after Japan overwhelmed Russia in 1904, or the knowledge of the position taken by Judge Pal at the Far Eastern War Criminal Tribunal. However, while all this points to a high-quality ambiance, there is not a lot straight impact of this when depositors make the choice to invest. One has to build more alert attempts to develop the investment environment in India from Japan, and one requires to make more cognizant efforts on Indian fraction to additionally augment investments now in India.

Marketing principle Assignment Example | Topics and Well Written Essays - 2500 words

Marketing principle - Assignment Example for all the business involves the business adapting to some form online marketing through social media particularly in the industries where the trends are regularly evolving like the fashion industry. The usage of social media sites in the marketing strategy of the company continues to increase with the advancement in technology. Despite the popularity associated with it, the information that exists which seeks to answer questions that are concerned with efficiency and measure the return to investment, is still limited (Pradiptarini 1). Social media has provided a broad array of new opportunities for companies to engage in the promotion of their brands, goods as well as services. The personal autonomy as well as the freedom that is offered by the internets has allowed the active connection of people which, enables them to share their experiences and opinions concerning products and services. The benefits that are associated with social media in regard to businesses and the techniques that used to achieve success are yet to be fully understood. This essay will strive to enhance the understanding of social media marketing benefits to a business. The phenomenon referred to as Social media began in 1978 through the exchange of information via telephone cables using the Bulletin Board System. Presently, social media marketing and especially social networks have increased in significance in regard to the purchasing decisions of the customers simply because they broaden the scope of marketing. In the future, they may become more significant than the use of advertisements as a reliable source of product and company information for the customers. It should be noted that when marketing is done through social media, the marketers do not have absolute control over the message as well as positioning (Celine 12). Social media may be considered as a self-generated, genuine communication that occurs between persons concerning a specific subject of common interest, based on the

NETWORKING SKILLS FOR THE CREATIVE INDUSTRIES Essay

NETWORKING SKILLS FOR THE CREATIVE INDUSTRIES - Essay Example Through such a discussion and analysis, it is the hope of this particular author that the reader will gain a more informed understanding with respect to the necessity and importance of networking as well as a further understanding and identification of the ways in which a focus upon networking can help to build the prospects in the future of the individual that engages with it. Section 1: Firstly, even though it is true that this skill and knowledge learned in a formalized educational setting is not in and of itself sufficient for each and every situation, it should not be understood that networking is a skill that does not require teaching and is somehow innate within each and every human being. Due to differentials of personal psychology, many individuals are introverts whereas others tend to be more extroverted (Calin & Mcgee, 2006). However, even though a personal psychological approach to networking is necessary, should also be understood that even the most introverted individua l can utilize effective networking within their own life and professional career as a means of maximizing the benefit that they would otherwise achieved in and of themselves (Jain, 2011). In seeking to define what networking is, it should be understood that whereas many terms require a broad and complicated explanation, networking is fairly simple. Ultimately, this process can be understood based upon the realization that networking is a process through which an individual can leverage personal and business connections as a means of gaining valuable information that they can then apply towards increasing profitability, client base, efficiency or other positive business engagements (Sharafizad, 2011). As such, the obvious point that should be understood is with respect to the fact that networking allows for an individual to not only leveraging utilize the information that they have been presented or come in contact with, it also allows for a shared collective of knowledge and informa tion to be passed along from one individual, or group of individuals, to another. Although this is not a difficult concept to grasp, it should be understood that the bulk of the education process, from kindergarten all the way to postgraduate work, is concentric upon the degree and extent to which information can be retained at a personal level (Kokkonen et al., 2013). Although it is true that outside research is oftentimes required, collaborative in group effort is not common and therefore is not necessarily a tactic that the recently graduated business man or woman would otherwise engage in. As such, even though this process is extraordinarily simple and easy to engage in, a great many young professionals, and professionals of any age for that matter, necessarily choose to rely upon their own abilities as this is a thought process and means of engagement that has become solidified as a result of many years of education. From a strategic standpoint, the process of