Free Strategy Implementation And Control Case Study Sample

Type of paper: Case Study

Topic: Organization, Management, Strategy, Print, European Union, Cost, Development, Focus

Pages: 1

Words: 275

Published: 2020/12/30

Portfolio analysis is based upon an examination of an organization's assets to determine the optimal share of the resources. It employs the growth rate of the market measure together with the corresponding market share of the organization. SWOT analysis evaluates the organization's inner strengths and weaknesses, as well as its opportunities and threats in order to formulate the organization's strategy (Daft and Richard).
After a differentiation strategy, managers should be cost efficient in using resources because the proximity of the cost can hamper customer view. They should be skillful in offering continuous training to all cross-functional departments in regards to feature, performance, quality, value chain as well as conformance of the product because when buyers purchase through premium price, they perceive that the organization can deliver an excellent stuff. For instance, watches made by Rolex are made of precious metal such as platinum/gold as well as stainless steel (Harrison and John). They are subject to full-fledged reliability and quality. Thus, if the manager in incompetent in handling cross-functional departments such as production and marketing, he/she would expect to fail. If such kinds of managers are unavailable internally, then the organization must recruit a suitable outsider. There should be a reconsideration of the policy and an exception made depending o the condition of promotion from within policy, The organization may also promote one of its own, which will be a cautious way to proceed (Hill and Gareth).
Implementation of a retrenchment strategy depends on the importance of the issue. If the issue is not critical, the organization should focus on reducing unnecessary overhead and attempt to justify the cost of functional activities. The organization should divest to keep productive division on track with much focus. In addition, the board of directors should be strong enough to keep the management on the right way instead of concentrating on profit maximization (Lewis).
For an organization's culture to change, the management should identify that it is impossible to convert every employee at once. They should begin with individuals who have a greater influence in the organization. Then, they should find ways to get people experience the harsh realities that make it a requirement. Finally, they should find ways to redistribute resources towards important areas that need few resources but lead to a large change (Daft and Richard).

Works Cited

Daft, Richard L, and Richard L. Daft. New Era of Management. Mason, Ohio: Thomson South- Western, 2007. Print.
Harrison, Jeffrey S, and John C. H. St. Foundations in Strategic Management. Mason, Ohio: South-Western Cengage Learning, 2010. Print.
Hill, Charles W. L, and Gareth R. Jones. Strategic Management: An Integrated Approach. Boston, Mass: Houghton Mifflin, 2007. Print.
Lewis, Pamela S. Management: Challenges for Tomorrow's Leaders. Mason, OH: Thomson/South-Western, 2007. Print.

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WePapers. (2020, December, 30) Free Strategy Implementation And Control Case Study Sample. Retrieved November 05, 2024, from https://www.wepapers.com/samples/free-strategy-implementation-and-control-case-study-sample/
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"Free Strategy Implementation And Control Case Study Sample." WePapers, Dec 30, 2020. Accessed November 05, 2024. https://www.wepapers.com/samples/free-strategy-implementation-and-control-case-study-sample/
WePapers. 2020. "Free Strategy Implementation And Control Case Study Sample." Free Essay Examples - WePapers.com. Retrieved November 05, 2024. (https://www.wepapers.com/samples/free-strategy-implementation-and-control-case-study-sample/).
"Free Strategy Implementation And Control Case Study Sample," Free Essay Examples - WePapers.com, 30-Dec-2020. [Online]. Available: https://www.wepapers.com/samples/free-strategy-implementation-and-control-case-study-sample/. [Accessed: 05-Nov-2024].
Free Strategy Implementation And Control Case Study Sample. Free Essay Examples - WePapers.com. https://www.wepapers.com/samples/free-strategy-implementation-and-control-case-study-sample/. Published Dec 30, 2020. Accessed November 05, 2024.
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