Procurement is an expensive process. The potential for waste and error is high. The potential for failing to meet people’s expectations is higher still. The process needs to be properly planned and managed. Whilst the Authority is well advised to have a team of trained specialists, an experienced individual should be identified to take responsibility for the management of the procurement…
Business-to-business (B2B) e-commerce—the area that encompasses electronic buying and selling transactions between organizations and in which e-procurement is a central function—has become central to doing business effectively. Done well, it can help your company achieve enormous cost savings and productivity improvements.
Strategy is about winning. This chapter explains what strategy is and why it is important to success—both for organizations and individuals. We will distinguish strategy from planning. Strategy is not a detailed plan or program of instructions; it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. The principal task of…
Organizations are facing exciting and dynamic challenges in the 21st century. In the gloabalized business, companies require strategic thinking and only by evolving good corporate strategies can they become strategically competitive. A sustained or sustainable competitive advantage occurs when firm implements a value – creating strategy of which other companies are unable to duplicate the…
To maintain a competitive position in the marketplace, a company must have a long-range plan. This plan needs to include the company’s long-term goals, an understanding of the marketplace, and a way to differentiate itself from its competitors. All other decisions made by the company must support this longrange plan. Otherwise, each person in the company would pursue goals that he or s…
In the heavy-truck industry, many buyers operate large fleets and are highly motivated to drive down truck prices. Trucks are built to regulated standards and offer similar features, so price competition is stiff; unions exercise considerable supplier power; and buyers can use substitutes such as cargo delivery by rail. To create and sustain long-term profitability within this industry…
Nebraska has weathered the recession much stronger than other states and, as Governor Heineman explained in his 2010 State of the State Address, “…we have seized the opportunity to make Nebraska more competitive.” In that spirit of gaining competitive advantage and building economic momentum going forward, the Nebraska Department of Economic Development (DED), in collaboration with the…
Managers around the globe are recognising the increasing necessity for their companies and organisations to develop the skills, aptitudes and knowledge to compete effectively in international markets. The emergence of a more open world economy, the globalisation of consumer tastes and the unabated expansion of Internet access globally all increase the interdependency and interconnections of …
This elective is about strategic choices. What options do we face? Should we make moves back up the supply chain, or down towards our end customers, or should we stay where we are? Should we stick to our knitting, or diversify into other markets, and if so which? What about establishing ourselves globally: should we do it, how can we do it, can we afford to do it, can we afford not to do it? T…
This thesis studies the business model as a possible integrator of different strategic perspectives on firms‟ sustained competitive advantage. It presents the arguments for viewing the business model as a concept closely related to strategy in general and competitive advantage in particular. Furthermore, it reviews existing business model literature in order to determine how this field can co…
The business strategy perspective argues that achieving competitive advantage hinges on pursing a coherent competitive strategy. Family businesses are also said to manifest a strong desire to develop enduring and committed social relationships with external stakeholders. Nevertheless, there has been relatively little attention devoted to the business strategic activities of family businesses an…
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…
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…
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…
Corporate property in the past has been concerned to much with the facility and insufficiently concerned with the relationship of that facility to the larger real estate markets and to corporate business strategy. Researchers concerning corporate strategic management have too seldom been sensitive to—let alone aware of—the significance of the properties in which corporations operate as a …
Bargaining in the international system is governed by rules, which shape and constrain states’ bargaining behavior. However, these rules can be changed. When, why, and how do states bargain differently under different sets of rules? Drawing on original qualitative and quantitative evidence, this book demonstrates how the rules of the game influence the cooperative or coercive nature of the st…
This new book focuses directly on how to develop a human capital (HC) strategy in today’s turbulent and changing environment . Too often, HC strategy encompasses a classic and traditional approach to human resources (HR): recruit- ing the best people, preparing them for assignments, motivating them for high performance, and retaining them for several years . While this is all necessary, it is…
There are many ways to take advantage of the rich set of collaboration tools provided with Microsoft Lync. IT leaders should consider a cap-and-grow strategy where investment dollars in legacy systems are capped and the financial and IT resources are reallocated to grow Lync. Once the company has a cap-and-grow Lync strategy, IT leaders should consider retirement of legacy infrastructure and h…
Today’s rising overhead expenses drive organizations to find practical ways to reduce costs. Profit-conscious executives face the challenge of either reducing headcount or reducing overhead expenses. Much of the time, either of these strategies can have a negative impact on productivity and morale. Every so often a strategy appears that can provide significant expense control and enhance prod…
APIs are a big deal and they are getting bigger. Pioneering companies such as Google, Facebook, Apple, and Twitter have exposed amazing technological solutions to the public, transforming existing businesses and creating new industries. Central to these companies’ successes are the APIs that link people and their computing devices to the underlying platforms that power each business and that …
When briefing CIOs and senior IT executives at Microsoft, we are often told that migrating IT workloads to the cloud ranks among their highest priorities. That statement is almost inevitably followed by “How do I start?”; “How should I build a plan for cloud migration for my entire portfolio?”; and “How will my organization be affected by this change?” This book, based on real-world…
The strategic management process (see Figure 1.1) is the full set of commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns. The firm’s first step in the process is to analyze its external and internal environments to determine its resources, capabilities, and core competencies— the sources of its “strategic inputs.…
The terrorist attacks of September 11, 2001, in Washington, D.C., New York City, and Pennsylvania were acts of war against the United States of America and its allies, and against the very idea of civilized society. No cause justifies terrorism. The world must respond and fight this evil that is intent on threatening and destroying our basic freedoms and our way of life. Freedom and fear are at…
In ancient Greek, ‘stratos’ was the term for the army and so in military terms, ‘strategy’ referred to ‘the act of the general’. So, the origins of ‘strategy’ – the ‘art of the general’ – comes from the military arena – from China came “The Art of War” by Sun Tzu, from Prussia came “On War’ by Carl von Clausewitz. In recent times the defeat of the Nazi regime…
The purpose of this book is fairly simple, to introduce and reflect on some of the key writers, ideas, models and approaches in strategic management. Chapter one is brief overview of how strategy got here. Whittington’s work is used to give an overview of different views (or even philosophies) of strategy positioned for us in a framework. We use Whittington’s (2001) model of strategy as ou…
Issues such as those currently faced by Apple are the focus of strategic management because they help answer the key question examined by strategic management—“Why do some firms outperform other firms?” More specifically, strategic management examines how actions and events involving top executives (such as Steve Jobs), firms (Apple), and industries (the tablet market) influence a f…
From all that I have observed throughout the years, whether as President and CEO of companies or as an industry observer, I know you can only ignore the suggestions of Pham’s book … at your own peril. And it’s a heck of a lot less money than getting this same advice from an expensive team of traditional consultants; it’s faster and easy to implement the ideas in this book; and it will h…
The National Aeronautics and Space Administration’s (NASA’s) Bioastronautics Roadmap (BR) is “the framework used to identify and assess the risks of crew exposure to the hazardous environ- ments of space.” The BR was created to facilitate and support the successful accomplishment of the three Design Reference Missions: a one-year mission to the International Space Station, a month-long …