GPS Week 5

60 %
40 %
Information about GPS Week 5
Business-Finance

Published on January 13, 2009

Author: aSGuest10376

Source: authorstream.com

Global Policy and Strategy : Global Policy and Strategy Week 5 Week 5 – Learning Outcomes : Week 5 – Learning Outcomes By the end of the session, you will: Have a better understanding of the overall Strategic Management process and know how to structure your coursework so that it covers all aspects of the process Have completed our look at the various models used for strategic analysis and strategy formulation Have begun to apply these models in the context of a business case Strategic Management : Strategic Management Strategic Analysis Johnson and Scholes 1997 Strategic Choice Strategy Implementation Slide 4: Strategic analysis Strategic Choice Strategy Implementation Bases of strategic choice Strategic Options Strategy evaluation and selection The environment Expectations and purposes Resources, competences and capability Managing strategic change Resource allocation and control Organisation structure and design Slide 5: Argenti, 1980 Target setting Gap analysis Clarify corporate objectives Set target levels of objectives Draw up action plans and budgets Monitor and control Forecast future performance on future strategies Identify gaps between forecasts and targets Generate strategic options Take strategic decision Evaluate strategic options against targets and appraisals External envirn. appraisal Internal appraisal Identify competitive advantage Re-define targets in the light of stage 3 information Strategic appraisal Strategy formulation Strategy Implementation Strategic Management and the teaching plan : Strategic Management and the teaching plan Strategic Analysis Johnson and Scholes 1997 Strategic Choice Strategy Implementation (Week 1 Overview) Weeks 2 -4 Environmental scanning, Porter models Weeks 5-6 International strategy formulation Initiatives for global growth Weeks 7-12 Implementation, market entry, organisation structures, functional strategies, evaluation and control Strategic Management and coursework : Strategic Management and coursework Strategic Analysis Johnson and Scholes 1997 Strategic Choice Strategy Implementation The potential organisational and managerial problems for the subsidiary operating in the new international environment; and You should provide strategic advice for the subsidiary to overcome the problems highlighted in v. Reasons for parent company’s international expansion; (including an evaluation of the company’s historical performance, products/service range, share of the market and competitive position with in the industry); Possible strategic choices available to the parent company; Reasons for choice of location for the subsidiary; Strategic methods of entry and the possible consequences; Strategic choice : Strategic choice (Formulation) Domestic and International strategies : Domestic and International strategies Similarities What products? Where and how to make them? Where and how to sell them? Where and how to get the necessary resources? How to outperform the competition? Differences Global efficiencies (location efficiencies, economies of scale, economies of scope) Multinational Flexibility Worldwide Learning Strategic orientations (1) : Strategic orientations (1) Geocentric Focus on profitability and local acceptance Profits redistributed globally Global products with local variations Regiocentric Focus on profitability and local acceptance Profits redistributed within the region Products standardised within the region Strategic orientations (2) : Strategic orientations (2) Ethnocentric Focus on profitability Top-down style Profits brought back home Mass production Polycentric Focus on public acceptance Bottom-up style Profits kept in the host country Batch production Components of an International Strategy : Components of an International Strategy Distinctive competence What do we do exceptionally well? Scope of operations Where are we going to conduct business? (Applies both to geographical location and market niche) Resource deployment Synergy How can different elements of our business benefit each other? Levels of Strategy : Levels of Strategy Corporate Strategy Single Business, Related Diversification, Unrelated Diversification Business Strategy Differentiation, Cost Leadership, Focus Functional Strategies Finance, Marketing, Operations, HRM, R&D Corporate Strategies : Corporate Strategies Single business Develops expertise but vulnerable to change Examples – McDonalds, Dell Related Diversification Uses distinctive competence to strengthen competitiveness in related businesses Examples – Casio, Accor SA, Pirelli Unrelated diversification Conglomerates (no longer fashionable) Business strategies : Business strategies How to compete in each of the chosen markets? Establishment of Strategic Business Units (SBUs) Generic strategies – differentiation, cost leadership, focus Porter’s international model : Porter’s international model Extent of global centralisation/co-ordination Breadth of target segments within the industry Global strategy Country-centred strategy Broad Narrow Global segmentation National responsiveness Global cost leadership Global differentiation Protected markets Leontiades (1985) international portfolio model : Leontiades (1985) international portfolio model Global High Share Strategy Global Niche Strategy Market Share Objectives Scope Global National High Low National High Share Strategy National Niche Strategy Four basic strategies : Four basic strategies High Low Pressures for global integration Low High Pressures for local responsiveness Bartlett and Ghoshal, 1989 Global strategy Transnational strategy International strategy Multidomestic strategy Sony Toys “R” Us Ford Cadbury International Strategy : International Strategy Transfer of valuable skills and products developed in the home market R&D and control of product and marketing strategy tends to be centralised “at home” Examples – McDonalds, Wal-Mart, Microsoft, Mercedes Benz Multidomestic strategy : Multidomestic strategy Extensive customisation of products and marketing strategies to meet local conditions Corporation sees itself as a collection of relatively independent operating subsidiaries All activities established in each country, therefore high costs Example – Phillips NV, Cadbury Schweppes Global Strategy : Global Strategy Taking advantage of experience curve and location economies The world is seen as a single marketplace Low cost strategy Standardised product worldwide Functions located in a small number of favourable countries Examples – Intel, Texas Instruments, Sony Transnational Strategy : Transnational Strategy All ways of creating value are explored Experience curve and location economies Transferring core competencies within the firm (multi-directional) – Global learning Paying attention to pressures for local responsiveness Authority not automatically centralised nor decentralised - placed where goals can best be achieved Examples – Unilever, MTV, Ford

Add a comment

Related presentations

Related pages

GPS Date Calendar

This page has changed locations, update your bookmarks accordingly. ... Full GPS week since 1st epoch : ... 5 1917:3 893:259200 279:
Read more

Advisory for the August 1999 GPS Week Rollover - NAVCEN

ADVISORY FOR THE AUGUST 1999 GPS WEEK ROLLOVER. ... (25 September 1997 issue) states that the "GPS Week" count starts at midnight 5-6 January 1980 UTC, ...
Read more

GPS Calendar - National Geodetic Survey

GPS Calendar. This calendar will help you convert a calendar date to either the Day of Year or GPS Week #. For example, February 4, 2016 is day of year 35 ...
Read more

Time Systems and Dates - GPS Time

Time Systems and Dates - GPS Time. ... GPS week 0 began at the beginning of the GPS Time ... , 2000 at noon will be MJD of 51,544.5 . Julian Date to MJD. YEAR:
Read more

GPS Week Number Rollover - Leap second

GPS Week Number Rollover ... of the ICD-GPS-200 rev B (30 November 1987 issue) states that the GPS Week count starts at midnight 5-6 January 1980 UTC, ...
Read more

GPS Weekly Time Converter - CSGNetwork

GPS Weekly Time Converter, ... GPS time was born at the 1/5/1980 to 1/6/1980 ... The GPS Week Number count began at approximately midnight on the ...
Read more

Global Positioning System – Wikipedia

Das Global Positioning System (GPS; deutsch Globales Positionsbestimmungssystem), offiziell NAVSTAR GPS, ist ein globales Navigationssatellitensystem zur ...
Read more

GPS Week Number Rollover Issues

GPS Week Number Rollover Issues. Peter H. Dana. August 12 and August 24, 1999 The GPS Week Number is one of the system parameters ...
Read more

The GPS End-of-Week Rollover

The GPS End-of-Week Rollover ... 1.5 seconds — a fundamental GPS timing ... The GPS week number count is reset every 1024 weeks or approximately 19.6 years.
Read more

Amazon.com: GPS & Navigation: Electronics: GPS System ...

Online shopping for Electronics from a great selection of GPS System Accessories, Sports & Handheld GPS, GPS Trackers, Vehicle GPS & more at everyday low ...
Read more