Premium Essay

Str 581 Week 4 Strategic Growth and Evaluation

In: Other Topics

Submitted By hwsoloutions
Words 700
Pages 3
STR 581 WEEK 4 STRATEGIC GROWTH AND EVALUATION

A+ Graded Tutorial Available At:

http://hwsoloutions.com/?product=str-581-week-4-strategic-growth-and-evaluation

Visit Our website: http://hwsoloutions.com/
Product Description
STR 581 Week 4 Strategic Growth and Evaluation,
Introduction
Growth is a core objective of many organizations because it leads to increase in sales as well as revenue. However, most companies do not know the right tactics and strategies to follow in order to ensure that they grow successfully. It is also vital for companies to determine the right kind of growth that the company needs in order to meet its objectives. Therefore, involving stakeholders in that discussion in order to make the right decision is very imperative (Marquis, 2010). This paper will discuss the best alternatives of growth using Verizon as an example.
Value discipline
Value discipline has three forms in which different companies use to define its core objectives. Operational excellence is one of the value disciplines where by the company does not really care much about the product they are offering but the services they are offering in addition to the products. This means that the company has to ensure that all the services they offer are superior to any other company in the market. By so doing, they will be able to attract customers due to the after service they offer the market (Saks, 2009). The company offers customers with products of low prices so as to ensure that they can afford them. They also ensure that the customers do not hassle a lot when getting their products. Therefore, they ensure that the products are in strategic locations that can be accessed easily by all middle-level customers.
Product leadership is another form of value discipline. In this strategy, the company chooses to ensure that they offer their customers the best product in the…...

Similar Documents

Premium Essay

Str-581 Wk 4

...Environmental Analysis Name STR-581 Date Instructor External and Internal Environmental Analysis “VIZIO, Inc. was founded in 2002 by William Wang with the idea that everyone deserves to own the latest technology”, VIZIO started out providing consulting services for Gateway computers with three employees, today there are over 160 employees, do to outsourcing a majority of the work. VIZIO is “still hard at work taking entertainment freedom by storm”, through adding computers, tablets, and Apps (VIZIO, 2012 para.1).  There are various external issues that can persuade VIZIO to make the high-quality decisions in order to select a course of action, which will have an effect on the company’s internal structure. The external environment factors are influenced by one another they are: remote, industry, and operating environment. In a competition situation, these unified features summarize the core of the prospects and threats that VIZIO confronts. In order to track marketing prospects, VIZIO inc. should in addition be conscious of its own internal assets, qualifications, and skills. A method commonly applied by administrators or supervisors is the SWOT analysis denotes the internal Strengths and Weaknesses of an individual business and the environmental opportunities and threats a business confronts. This advance assists managers to consider VIZIO’s internal capabilities, while making use of the findings to enhance the strategic alternatives. Internal......

Words: 710 - Pages: 3

Premium Essay

Str 581 Assessed Dq - Week One

...Assessed Discussion Question – Week One STR 581 November 5, 2012 Derek Osborne Major Components of a Strategic Management Process Organizations use the strategic management process to set goals and objectives that will help them to reach a higher level of performance (Pearce & Robinson, 2011). A continuous process, strategic management studies the businesses and industries in which the organization operates, examines the competitors, and establishes goals and objectives to counter competitors in the present and in the future. The strategic management repeats the process continuously. This process has four major components, which are environmental scanning, strategy formulation, strategy implementation and strategy evaluation. Environmental scanning helps organization to analyze the internal and external factors that influence the flow of the organization (Pearson & Robinson, 2011). The strategy formulation helps an organization to charter the best course of action to accomplish the goals and objectives of the organization. The strategy implementation helps management to find ways to make the organization’s strategy works. The strategy evaluation looks at internal and external factors, measures performance, and makes necessary corrections. Most Difficult Strategic Management Process Component to Manage Strategy implementation involves change, and people tend to have a difficult time dealing with change (Mintzberg, Ghoshal, Lampel...

Words: 327 - Pages: 2

Premium Essay

Strategic Plan Final for Str 581

...Strategic Plan Belle Villarreal STR 581 February 4, 2013 Amy Ruiz Table of Contents Title Page Cover Page………………………………………………………………………………………...1 Executive Summary……………………………………………………………………………….3 Company Background…………………………………………………………………………….5 Vision, Mission, and Value Statement ……………..…………………………………………….5 Sources used for External and Internal Analysis………………………………………………….6 Strategic Plan……………………………………………………………………………………...7 Implementation Plan………………………………………………………………………………8 Strategic Choice and Evaluation…………………………………………………………………10 Evaluating Alternatives…………………………………………………………………………..11 Values of Strategy………………………………………………………………………………..12 The Right Strategy……………………………………………………………………………….13 External Environmental Factor…………………………………………………………………..14 SWOT……………………………………………………………………………………………15 Competitive Position and Possibility…………………………………………………………….16 Action Items……………………………………………………………………………………...17 Resources Allocation…………………………………………………………………………….19 Successful Implementation………………………………………………………………………19 Conclusion……………………………………………………………………………………….20 References………………………………………………………………………………………..22 Executive Summary The document you are about to read is a research paper and plan on how to open or start your own business. Within the next couple of years I plan to open a sleep study lab. My sister currents owns and operates her in a different city. My goal is to mirror hers and open a second branch in the city I live. Her sleep......

Words: 5835 - Pages: 24

Premium Essay

Strategic Planning & Implementation Str/581

...Implementation Plan Ricky Cravens STR/581 Strategic Planning & Implementation Dr. Johnnie Bejarano September 15, 2013 * Cintas Corporation is an organization with a highly integrated intelligence network. Cintas highly integrated network consist of 30,000 employees worldwide. Cintas Corporation initially focused all its operations on uniform management but in modern times it additionally designs, manufacturers and implements corporate identity uniform programs, mats, bathroom supplies, promo products, fire protection, document management, first aid and safety for close to one million businesses. Cintas operates more than 430 facilities, including eight distribution hubs and six manufacturing plants. Cintas is a billion dollar revenue organization. Cintas has many competitors worldwide. Cintas operates with a unique approach to intelligence. It operates with a one-man intelligence team. Each employee at Cintas can make a significant impact with this one-man approach. Cintas relies on all of its 30,000 employees with this model.  Internal market intelligence sales network model: * Quickly identify new business opportunities * Develop local tactics to attack/defend against the competition * Develop local competitive binders * Establish best practice sharing among regions * Greater competitive visibility at corporate level “Our intelligence function is neither centralized nor decentralized. I guess the best way to describe it is that...

Words: 1279 - Pages: 6

Premium Essay

Str 581 Week 5

...Strategic Choice & Evaluation Paper STR/581 March 17, 2014 Victor Rayneri Executive Summary The University of New Mexico Medical Group, Inc. (UNMMG) was created in 2007 under the University Research Park and Economic Development Act in Albuquerque, New Mexico. UNMMG is classified as a not-for-profit corporation. UNMMG currently employs 900 clinical practitioners, represents 152 specialties who are exclusive caregivers to the state’s only academic medical center – University of New Mexico Hospital (UNMH) ("Review Of University Of New Mexico Medical Group, Inc. Operations", 2013). UNMMG is a multi-specialty group practice that operates 11 clinics in addition to attending at the 76 clinics at UNMH in Albuquerque area ("UNM Medical Group", 2014). UNMMG reports to the UNM Health Systems, which is comprised of the UNM School of Medicine, UNM Hospitals, UNM Sandoval Regional Medical Center, UNM Cancer Center, UNM College of Nursing and the UNM College of Pharmacy. Being the only academic medical center, UNMMG has to compete with other healthcare facilities in the area and in the state to provide high quality and innovation academic medicine. In order to realize growth for any organization, they need to evaluate alternatives such as strategies to maintain a competitive edge among its competitors. Strategies such as the best value discipline, generic strategy, and grand strategy should be identified for the organization. Strategy recommendations and......

Words: 1406 - Pages: 6

Premium Essay

Str 581 Week 1 Discussion Questions

...In this pack of STR 581 Entire Course you will find the next docs: STR-581 Week 1 Assignment.doc STR-581 Week 1 Discussion Questions.doc STR-581 Week 1 Individual Assignment Ethics Reflection Paper.doc STR-581 Week 2 Discussion Questions.doc STR-581 Week 2 Individual Assignment Research Proposal.doc STR-581 Week 2 Individual Assignment.doc STR-581 Week 2 Learning Team Assignment Innovation Strategy Paper.doc STR-581 Week 3 Assignment.doc STR-581 Week 3 Discussion Questions.doc STR-581 Week 3 Learning Team Assignment External and Internal Environmental Analysis.doc STR-581 Week 4 Discussion Questions.doc STR-581 Week 4 Learning Team Assignment Strategic Choice and Evaluation Paper.doc STR-581 Week 4.doc STR-581 Week 5 Assignment.doc STR-581 Week 5 Discussion Questions.doc STR-581 Week 5 Learning Team Implementation, Strategic Controls, and Contingency Plans.doc STR-581 Week 6 Learning Team Assignment Strategic Plan and Paper.doc STR-581 Week 6 Assignment.doc STR-581 Week 6 Discussion Questions.doc STR-581 Week 6 Learning Team Assignment Strategic Plan and Presentation.pptx Business - General Business STR 581 Week 1 Individual Ethics Reflection Paper STR 581 Week 2 Individual Research Proposal STR 581 Week 2 Learning Team Innovation Strategy Paper STR 581 Week 3 Individual External and Internal Environmental Analysis STR 581 Week 3 Learning Team Capstone......

Words: 352 - Pages: 2

Free Essay

Str 581 Week 1

...customer outcomes as it relates to inpatient and outpatient services. Generic Strategy According to businessstrategy.com, the generic strategy is a basic approach to strategic planning that can be adopted by any firm in any market or industry to improve its competitive performance. The three fundamental marketing strategies are differentiation, focus, and low cost strategy. Life Cares generic strategy is focus. In the long term care industry, the rates are set by the federal government so the only flexibility lies within the private rates for residents. Due to this the company focuses on the customer and crating facilities that have the feel of home with room service. Life Cares has a special dining program where each facility has hired a Chef to prepare exquisite meals daily, they offer activities based on the abilities of the resident and the facility grounds and structural design are some of the best in the nation. By having this focus, the company remains to be one of the top 5 largest nursing home company’s in the U.S. Grand Strategy Grand strategy is a long-term plan of essential actions by which a company plans to achieve its major objectives. Key factors of this strategy include market, product, and/or organizational development through acquisition, divestiture, diversification, joint ventures, or strategic alliances. Life Cares is a privately owned company whose sole grand strategy is to be the facility of choice in every community in which a facility exists.......

Words: 646 - Pages: 3

Premium Essay

Str 581 Week 4 Strategic Choice and Evaluation

...strategies for the organization in order to ensure that the business remains viable. The strategic choice of the organization is critical for the achievement of both short term and long term goals of the organization. Organizational leaders and analysts must therefore conduct a thorough evaluation of various strategic alternatives by analyzing the risks involved, organizational capabilities, external environment, and whether the strategies form a good fit with the objectives and values of the organization. (Peng and Dess, 2013) A good strategy will ensure that the organization operates at its maximum potential and achieves exemplary performance. The strategic approach that the organization adopts will however depend on the organizational culture, organizational structure and leadership style. (Abu-Jarour, 2014) The bottom line is that organizations will design strategic plans that seek to improve customer satisfaction and service quality, gain competitive advantage, improve business processes, attract and retain employees and manage their costs. Strategic Alternatives In developing and adopting a strategic choice, an organization has to put into consideration various strategic alternatives that are crucial in making a decision on which strategy to adopt. An important step in this process includes identification and evaluation of the best strategic alternatives for the organization. Evaluation is done on the basis of suitability, feasibility and sustainability of the......

Words: 1606 - Pages: 7

Premium Essay

Week 2 Str 581

...Business ethics is extremely crucial to the make up of any company. Business and management ethics goes beyond the law lo provide guidelines as to what is acceptable behavior in business transactions. Organizations that are committed to long term success recognize and realize that creating a culture where ethical behaviors are rewarded and encouraged is the ultimate key to survival today and growth in the future. While many businesses have codes of ethics, the words written in a formal code are valuable only if their intent is reflected in the actions of the people who represent the organization. The company that I choose for the code of ethics is Verizon: “We hold our people accountable for acting in accordance with our core values and making the right decisions. To carry this responsibility, our people need to know the rules and have the tools and training to act with integrity. Customers and shareowners need to know that we are responsive to their concerns and conduct our business in a fair and transparent way. Our systems must evolve to address emerging issues in the dynamic online environment in which we operate. And although we have made significant progress, we recognize that we need to continue integrating corporate responsibility into our decision-making frameworks and engaging our stakeholders”. I agree with this statement, I think this focuses on how to treat the customer as well as the fellow employee. As a organization I believe that Verizon recognizes the......

Words: 323 - Pages: 2

Premium Essay

Str 581 Week 6 Learning Team Project Selection - New

...STR 581 WEEK 6 LEARNING TEAM PROJECT SELECTION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Learning-Team-Project-Selection-NEW-5609666666.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resources: Strategic Plan and Presentation assignment from each team member Review all team members' Week 6 assignments. Discuss each project's strengths and weaknesses. Write an analysis of at least 750 words including the following: • Comparative analysis of the top 2 strategic plans • Selection of one of the strategic plans • Justification for the team's selection Click the Assignment Files tab to submit your assignment. ***************************************************************** STR 581 WEEK 6 INDIVIDUAL STRATEGIC PLAN AND PRESENTATION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Individual-Strategic-Plan-and-Presentation-NEW-6565095.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resource: Implementation, Strategic Controls, and Contingency Plans assignment with facilitator feedback Complete a strategic plan for your organization of no more than 3,500 words. Update your plan to incorporate facilitator feedback from the drafts you submitted in previous weeks. Include the following: • Table of contents • ......

Words: 9181 - Pages: 37

Premium Essay

Str 581 Week 1 Ethics Reflection Paper

...STR 581 WEEK 1 ETHICS REFLECTION PAPER A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=str-581-week-1-ethics-reflection-paper Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION STR 581 Week 1 Ethics Reflection Paper, Ethics Reflection Paper For an organization maintain stability and growth, it must consider the role of ethics and social responsibility as inherent components of strategic plan. Ethical and social responsibility criteria are important to the strategic planning process when making profit decisions before and after he enables the organization to attain the greatest possible benefits.Ethical responsibility is an obligation of every professional and is salient in every aspect of how an organization operates. Ethics ensures an organization can effectively achieve its mission, goals, and objectives which gives direction and framework. Ethics ensure guidelines are created which bind the organization into one common thread, therefore avoiding deviation from the desired strategic path. Ethics ensure that strategic plan is prepared in the best interest of all the organizations stakeholders.Social responsibility is the other major component to the strategic planning process and it correlates with organizations profitability.An organization that makes it a point include social responsibility as one of their criteria, ensure that they are contributing to the improvement and well-being of all society involved. ...

Words: 322 - Pages: 2

Free Essay

Str 581 Week 6 Individual Strategic Plan and Presentation

...STR 581 WEEK 6 INDIVIDUAL STRATEGIC PLAN AND PRESENTATION A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=str-581-week-6-individual-strategic-plan-and-presentation Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION STR 581 Week 6 Individual Strategic Plan and Presentation, Allocation of resources the right way is advisable because there could be wastage of resources which are very important in Verizon wireless company. It is vital for the company to ensure that they have trusted employees who will not embezzle resources to their own benefit instead of the tasks assigned to them. The tasks and resources should be in par in terms of ensuring that the resources allocated to the project are enough to complete the whole task as per the plans. In case there is need for more resources, there should be a justification as to why they are needed as well as the justification as to why the allocated resources are not enough to complete the task as planned earlier. By so doing, the company will be able to save on cost of wasting resources anyhow as expensive as they are for the company. The company will also be able to taking caution of any employees who cannot be trusted in their work in terms of wasting resources. All the items needed for the project should be ready for usage whenever needed so as to ensure that the project does not delay due to lack of resources that need to be brought to the company or the project......

Words: 384 - Pages: 2

Premium Essay

Str 581 Week 6 Capstone Final Exam

...profitability of the industry; the market share of its leading firm • barriers to entry; expected retaliation of current industry organizations • the demand for the product; the profitability of the competitors Complete STR 581 week 2 capstone final examination answers here STR 581 Week 2 Capstone Final Examination 4. In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is__________. • similar competitive rivalry • more competitive rivalry • less competitive rivalry • no competitive rivalry 5. The three parts of the external environment which affect a firm's strategic actions are__________. • economic, political, and legal • industry, business, and product • local, national, and global • general, industry, and competitor 6. The proper matching of what a firm can do with what a firm might do__________. • balances the internal characteristics of the firm with the characteristics of the external environment • overcomes the rigidity and inertia resulting from a history of success • develops core competencies based on human knowledge • yields insights the firm requires to select its strategy STR 581 week 4 capstone final examination download now STR 581 Week 4 Capstone Final Examination 7. Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on three different characteristics. He plans to make a short list......

Words: 1674 - Pages: 7

Premium Essay

Str/581-Strategic Plan

...Strategic Plan Part 3 STR/581 Brian Carter 12-12-11 Strategic planning is a critical element of an organization’s annual business plan. A strategic plan consists of a number of components. In addition to analyzing a company’s strengths and weaknesses, a strategic plan also includes implementation and control techniques. While this may seem easy enough, implementing a strategic plan into an organization can be challenging. Barnes and Noble, like a number of corporations are seeking ways to improve productivity and profitability. This essay will identify business alternatives for the bookseller which will enable them to diversify their product offerings. The development of a strategic plan consists of many steps. One important step is identifying the best strategic alternatives. These alternatives include value discipline, generic strategy, and grand strategy. These three areas are especially important for Barnes and Noble. In recent years, the bookseller has experienced a slide in market share. While Barnes and Noble has been able to rebound over the past year, the company must identify ways to remain competitive. A generic strategy is very important for Barnes and Noble. A generic strategy is a basic approach to strategic planning that can be adopted by an organization in any industry to improve competitive advantage. Generic strategy is composed of three elements, differentiation, focus and low cost strategies. Differentiation strategy is the ideal......

Words: 1053 - Pages: 5

Premium Essay

Strategic Plan Str 581

...Strategic Choice and Evaluation Paper University of Phoenix STR/581 Strategic Choice and Evaluation Organizational leaders and analysts develop business strategies to ensure that the organization is successful and operates to its full potential. Several factors have a significant impact on an organization’s success and its profitability. However, these factors are not solely based on finances. Some factors that will have a significant impact on the organizational strategic approach include organizational structure, organizational culture, and the leadership strategies chosen. In addition, organizational leaders and analysts seek to improve business processes and its related costs, improve customer satisfaction by improving product or service quality, and maintain a competitive advantage when compared to organizations offering the same or similar products and services. Businesses create competitive advantages when compared to its competitors because their product or service quality is highly distinguished from its competitors within the same market segment. Another factor that has a significant impact on the organization’s competitive advantage is the business’s cost structure (Pearce & Robinson, 2011). Merck & Co. is a pharmaceutical company that manufactures pharmaceutical prescription drugs for patients diagnosed with a variety of diseases. This organization is a scientific research-based organization. Therefore, to ensure the organization grows to its full...

Words: 1410 - Pages: 6