Strategic management is increasingly important in the public sector. Public sector organizations are incorporating strategic management principles in an effort to enhance organizational effectiveness and efficiency. In any organization, “strategic management is the center of all managerial activities” (Doss, Guo & Lee, 2012, p. 33). This underscores the importance of effective strategic management. Strategic management is particularly important within the context of law enforcement. Law enforcement organizations must have a specified vision and mission as well as goals and objectives. For a police department, the goals and objectives must be… Continue Reading...
Strategic Management Analysis of Maersk Shipping Company
Maersk Shipping Company is a largest global shipping company operating more than 600 ships, recording more than 23,000 bookings daily and 2.2million containers. Maersk can boast of 14.5% of market shares globally because their vessels arrive at ports every 15 minutes. Established in 1904, Maersk operates in more than 130 countries with over 110,000 employees. The company market capitalization was $27.6 billion at the end of 2015 fiscal year. Maersk facilitates the transportation of 14% of global seaborne containers coupled with Damco and… Continue Reading...
management arsenal include strategic management, benchmarking, and change management (“Top Ten Management Tools,” n.d.). I may also rely on some of the other tools of the effective manager that we have covered in the class, such as TQM, but strategic management, benchmarking, and change management are the specific tools that apply best for my ideal position as the CFO of a major Fortune 500 company. Strategic management is one of the most central function of a CFO, someone who is entrusted with the ability to forecast risk and manage uncertainties by taking specific… Continue Reading...
Strategic management and marketing theory demonstrates that marketing activities are significantly affected by events in the external environment (Mullins & Walker, 2013). For instance, the PESTEL framework shows that business and marketing decisions must be made in consideration of political, economic, social, technological, environment, and legal factors. One event that is increasingly affecting marketing activities is the Syrian refugee crisis, which has resulted in the influx of hundreds of thousands of refugees into Europe (Kleintop & Schwab, 2015). This text considers the implications of the Syrian refugee crisis on the… Continue Reading...
assets involved, how they are allocated and how all of this aligns with the strategic management plans of the firm is all important to consider. Since the presence of online-dominant firms is still fairly new in many ways, pinning down what is healthy what is going to be problematic and the long-term prospects of any given firm, even a firm like Amazon, is not unfair to consider or ponder. Even so, there are some firms that are clearly doing better than others. Firms like Amazon, not to mention the aforementioned Google and Apple, are great exmaples. There are other firms that have been around… Continue Reading...
Marquis, C., Lee, M. (2013). Who is governing whom? Executives, governance, and the structure of generosity in large U.S. firms. Strategic Management Journal, 34: 483-497. DOI: 10.1002/smj.2028
The purpose of this article is to identify the manner in which organizational structures impact organizational strategies used by corporate leadership role players. The example that the researchers give of such a structure is the corporate foundation, which is commonly directly managed by a group of corporate leaders for philanthropic purposes. However, the structure of the corporate foundation allows leaders to exercise influence that in a different corporate structure would be far less possible or even welcomed by the variety of shareholders and… Continue Reading...
Importance of Technology
Technology is vital to any strategy for business process integration in a global organization. In the contemporary, strategic management and technology are deemed to be significant elements in global corporations. A company can employ technology to generate a competitive advantage through forming barriers that deter the entry of competitors, unveiling different and innovative products or technology processes that appeal to new consumers, or altering the rules of competition in the market place (Dasgupta et al., 2009). The selection of proper and fitting technology in the… Continue Reading...
need for patient-centric policies. Strong communication skills, organizational and coordination skills, leadership skills, and of course, strategic management skills are among the core characteristics of an effective nurse administrator.
Scope and Standards
A nurse administrator serves in an executive, managerial, and leadership position. The nurse administrator serves in many different roles at once, as financial manager and coordinator, as staff director, and of strategic planner. The nurse administrator sets the tone for the organizational culture, having a strong impact on policies and procedures within the organization. Likewise, nurse administrators advocate on behalf of patients and have a strong bearing on community health objectives too (American Nurses… Continue Reading...
Freeman's 1984 work Strategic Management: A Stakeholder Approach. The stakeholders in this case would be the company itself, its managers and workforce, and its Colberian facility's executives and workers.
Human Rights Issues
The American Congress instituted the federal agency, OSHA (Occupational Safety and Health Administration) in the year 1970. The agency was made responsible for formulating safety and health standards for organizations. Ever since, key discourse on workplace safety and health has revolved around setting of these public standards. The chief issue is the suitability of cost-benefit analyses for establishing safety and health… Continue Reading...
