Strategic Planning for Public and Nonprofit Organizations Essay

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Strategic Planning for Public and Nonprofit Organizations

This study suggests that the achievements of Apple are embedded in Porter's Five Forces model and the recently adopted the resource-based view model. This strategy specializes in creating positive performance relating to the accomplishment of outstanding achievements beyond the objectives set by stakeholders and external experts. The support beams of Bob Mansfield' technique is built on the reliance on the abilities, capitalizing on possibilities, and a business lifestyle permitting the accomplishment of Apple's objectives. Furthermore, through the performance of technique Bob, tasks undertaken created a learning company that is results-oriented.

The first model that took over the ideal thinking in the last two decades was Porter's Five Forces. The conventional management designs describe the company's technique regarding the product placement, the products it manufactures, and the industry it participates (Geraldes, 2011). The design mainly targets the external effects on technique and helps companies to evaluate the associated risks. As a result, the Porter's technique is important in the identification of the appropriate industry and placing the company within the industry like:

New entrants

Supplier bargaining power

Threat of substitute products or services

Traditional intra-industry rivalry

Customer bargaining power

Porter's has attracted some criticism even with its popularity mainly from its realistic and solid financial thinking.

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The main design details the productivity of the sectors and not individual companies. As such, it may not helpful to some firms in recognizing and using of exclusive and sustainable advantages. In the information economy, the exclusive features of some companies within the industry are important in terms of value creation and profit generation (Naylor, 2009). Recent approaches in control and financial concepts have focused on the main concepts of the formula, the company's sources, and abilities. The new perspective is commonly known as resource-based view (RBV).

The resource-based strategy indicates that companies should place themselves tactically depending on their exclusive, inimitable and valuable abilities and sources rather than the items and services offered by these abilities. In this case, the sources and abilities are seen as system from which the company originates various items for various marketplaces. While the items and marketplaces tend to come and go, abilities and sources are more sustained. In this technique, the focus on sources and abilities across many marketplaces and items becomes the ideal driver rather than focus on specified items in a given marketplace (Porter's model).

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"Strategic Planning For Public And Nonprofit Organizations" (2013, December 15) Retrieved May 11, 2024, from
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https://www.aceyourpaper.com/essays/strategic-planning-public-nonprofit-organizations-179837
   

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