Proctor And Gamble
1. Why are some organizations more successful than others? Give a concrete example to demonstrate your point.
In the business world as competitive as today, to outperform and maintain success is by no mean an easy job. While the secrets to success may vary among different organizations, and may have been modified and informed from different standpoint, the fundamentals remain essentially true. Most of the successful corporations share the same critical drivers for their business success: strategic vision of the business, leadership of the management team, innovation capability, spot-on position and marketing, consistent good quality of the products, just to name a few. One organization that clearly exemplifies this is Procter & Gamble. With a few annotations and comments, the core of them is outlined below:
First, P&G boasts an enviable stable of successful products. With a clear focus to capture its market share, each brand …show more content…
Summarize the traditional, resource-based, and stakeholder perspectives of strategic management.
The traditional origins in Economics, other business disciplines, and consulting firms; it views the firm as an economic entity; its approach to strategy formulation is Situation analysis of internal and external environments, leading to formulation of mission and strategies; according to the theory, the source of competitive advantage is best adapting the organization to its environment by taking advantage of strengths and opportunities and overcoming weaknesses and threats.
The resource-based view origins is in Economics, distinctive competencies, and general management capability; it views the firm as A collection of resources, skills, and abilities; its approach to strategy formulation is the acquisition of superior resources, skills, and abilities; according to the theory, the source of competitive advantage is the possession of resources, skills, and abilities that are valuable, rare, and difficult to imitate by
In the business world as competitive as today, to outperform and maintain success is by no mean an easy job. While the secrets to success may vary among different organizations, and may have been modified and informed from different standpoint, the fundamentals remain essentially true. Most of the successful corporations share the same critical drivers for their business success: strategic vision of the business, leadership of the management team, innovation capability, spot-on position and marketing, consistent good quality of the products, just to name a few. One organization that clearly exemplifies this is Procter & Gamble. With a few annotations and comments, the core of them is outlined below:
First, P&G boasts an enviable stable of successful products. With a clear focus to capture its market share, each brand …show more content…
Summarize the traditional, resource-based, and stakeholder perspectives of strategic management.
The traditional origins in Economics, other business disciplines, and consulting firms; it views the firm as an economic entity; its approach to strategy formulation is Situation analysis of internal and external environments, leading to formulation of mission and strategies; according to the theory, the source of competitive advantage is best adapting the organization to its environment by taking advantage of strengths and opportunities and overcoming weaknesses and threats.
The resource-based view origins is in Economics, distinctive competencies, and general management capability; it views the firm as A collection of resources, skills, and abilities; its approach to strategy formulation is the acquisition of superior resources, skills, and abilities; according to the theory, the source of competitive advantage is the possession of resources, skills, and abilities that are valuable, rare, and difficult to imitate by