Many companies have a brief mission statement, usually in thirty words or less, explaining their reason for being and their guiding principles. If you want to draft a mission statement, this is a good place to put it in the plan. Followed by: Company goals and objectives: Goals are destinations -- where you want your business to be. Objectives are progress markers along the way to goal achieve…
The starting point for any good discussion, meeting, or workshop on business model innovation should be a shared understanding of what a business model actually is. We need a business model concept that everybody understands: one that facilitates description and discussion. We need to start from the same point and talk about the same thing. The challenge is that the concept must be simpl…
The concept of sustainable development has received growing recognition, but it is a new idea for many business executives. For most, the concept remains abstract and theoretical. Protecting an organization’s capital base is a well-accepted business principle. Yet organizations do not generally recognize the possibility of extending this notion to the world’s natural and human resource…
The UK benefits from a diverse, extremely competitive and innovative retail sector which has proved resilient during recent economic difficulties. It includes world class international companies, stable high street anchors and innovative independents, but also many retailers struggling to survive in an extremely competitive environment - with rapidly changing consumer needs and behaviour. Reta…
This document which has been prepared for discussion, comes at an appropriate time just after the recently concluded United Nations Conference on Sustainable Development in Rio de Janerio (Rio+20), and at a time when our thrust as a nation is towards economic stability, growth and sustainability. Trinidad and Tobago’s economy has been driven primarily by our rich oil and gas sectors and…
The purpose of this conceptual paper is to identify important elements of brand building based on a literature review and case studies of successful brands in India. Design/methodology/approach – This paper is based on a review of the literature and takes a case study approach. The paper suggests the framework for building brand identity in sequential order, namely, positioning the brand, com…
This chapter proposes a theoretical analysis framework to highlight the challenge of the knowledge transfer between headquarter and subsidiaries and how the intra-organisational hybridization could overcome the limits of the top-down transfer. By highlighting the added value of local subsidiaries, this chapter focuses on the features of the knowledge hybridization as a new managerial practice t…
The speed of change in virtually all industries has increased exponentially over the past decades – and conventional wisdom proves that the trend will continue. In this fast-paced global business environment, the ability to possess fact- based strategic foresight, deliver systematic exploration of new growth opportunities and to institutionalise a continuous drive to improve internal business…
What is ‘business development’? This is usually the first question I have to answer whenever I’m asked what I do for a living by people outside the pharmaceutical industry. The answers I try to give are oen tailored to the audience and what they are likely to quickly understand from their own experience. However, as few people have any idea that such a role exists beyond some hazy idea …
Barnes and Noble have three main issues of concern. First, Barnes and Noble is unable to find sufficient leadership in its boardroom. Leadership is struggling to deal with the ongoing issue of selling the company. An agreement to specific terms of selling the company will never be achieved unless the company hires a third party consultant to mediate the issue. A third party consultant will …
It is generally agreed in the strategic management literature that internal organizational assessment is less developed theoretically and practically than other areas of situation analysis. This paper presents a four stage approach to analyzing a firm's internal strengths and weaknesses and illustrates how the technique can facilitate strategy formulation through the integration of value chain …
The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Beijing, Manila and Dubai. It has a business model that revolves around three core business lines: publications, research services and forums.
This paper reconsiders influence of intellectual capital on competitiveness of a company (micro- competitiveness) and national economy (macro-competitiveness). Bearing in mind that competitiveness of national economy has been dominantly defined by competitiveness of its companies, this research focuses on analysis of different aspects of intellectual capital in the light of micro-competitivenes…
ALM Legal Intelligence white paper sponsored by LexisNexis. ALM Legal Intelligence gathered data, conducted interviews, and administered the online survey. Cathy Lazere wrote the report and Jennifer Tonti conducted the survey and was the report editor. We would like to thank all those who participated in the survey and agreed to be interviewed for this report.
The future of the world’s forests and the future of millions of the world’s poorest people are inextricably linked. Rural poverty is concentrated in many areas where the world’s biodiversity is most threatened. More than a billion people now live within the world’s 19 forest biodiversity “hotspots” and population growth in the world’s tropical wilderness areas is 3.1 percent, over…
In today’s highly dynamic business environment, organizations need to develop new competitive advantages to keep up with the speed of change in technology, customer demands and global competition. In this difficult task, organizations can benefit from innovation strategies and tools more than ever, as it helps companies to optimize their competing power by increasing their performance and eff…
in an economy driven by innovation and knowledge … in marketplaces engaged in intense competition and constant renewal … in a world of tremendous opportunities and risks … in a society facing complex business, political, scientific, technological, health and environmental challenges … and in diverse workplaces and communities that hinge on collaborative relationships and social networki…
The notion of business model has been used by strategy scholars to refer to “the logic of the firm, the way it operates and how it creates value for its stakeholders.” On the surface, this notion appears to be similar to that of strategy. We present a conceptual framework to separate and relate business model and strategy. Business model, we argue, is a reflection of the firm’s realized s…
In today’s fast-paced economy competition is an issue of services and products. Much attention has been directed to a better service and the best product and how this can be achieved through utilising the human resources. This research paper identifies the competitive advantage concepts and models, competitive strategies and the main human resource practices that have a significant impact o…
We all enter into contracts on a daily basis without engaging in negotiation. We usually do not negotiate when we buy food, drink, apps, books, clothing, electronics, pet supplies, office products, household goods, toys and sports equipment. What would happen if we decided to negotiate when purchasing these items? This is an assignment I give to my students at the University of Michigan. I ask…
Similar battles of change have been fought before as new technology insinuated itself into peoples' lives, from basic labor-saving devices such as the washing machine, to innovations with radical cultural consequences like the automGbfle. We take almost for granted the inexorable march of progress toward these seemingly indispensable, ubiquitous tools, not stopping to remember that they replace…
There are numerous reasons why political scientists might be interested in the individual, as well as the collective, activities of our elected poli- ticians. Whatever the reasons might be—theoretical or practical—our interest in their collective behavior patterns has dominated contempo- rary political science research. In our work on Congress, studies involv- ing career patterns, roll call…