Strategic Management M1 - Case Study Example

Only on StudentShare

Extract of sample
Strategic Management M1

Social needs are met and encouraged by team building exercises, and teamwork is encouraged throughout the organization. This helps provide a friendly atmosphere throughout the workplace. Esteem needs are met by the recognition of achievements by senior management to ensure that credit is always given where credit is due. This keeps employees motivated and gives them a high level of job satisfaction and gives them incentives to fulfill their potential and achieve great things. The top of the hierarchy is the self-actualization needs. This is about the development and realization of a persons full potential. Marks and Spencer's allows this need to be met by offering career enhancement and promotion opportunities, a challenging role for employees, achievement in work and pushing employees to fulfill their potential. Marks and Spencer's believe that self-actualization is a very important factor and will increase efficiency within the organization. ...
Download paper

Summary

The paper has compared and contrasted visions of two companies for strategic development. The companies are: Marks and Spencer's and Nestle. The article has discussed strategy development processes of these two companies. The article has also compared how the two companies exercise motivational aspects, their organizational cultures and their organizational structures.
Author : kade65

Related Essays

Strategic Management: Strategic Choices
Company's target markets are small business and household products that are personal computers, printers, cameras etc.
...
4 pages (1004 words) Case Study
Aspects of Strategic Management
Therefore, a business venture is exposed to a number of factors that act as the judiciary in determining the direction that the business takes.
...
2 pages (502 words) Essay
British Airways strategic management
and Stahl, M.J. (1997, p. 2) that managers of organizations need to anticipate and adapt to change by keeping in touch with the external environment of the organization. The present chapter is focused on British Airways which is one of the world's favourite airlines as it carries more international passengers to more destinations than any other air carriers (Haberberg, A and Rieple, A, 2008:458). Since its establishment in the year 1919, the British Airways has come a long way to be one of the reputed airlines in the world and continuously returning profits at the end of financial years, which...
5 pages (1255 words) Case Study
Strategic Management (M1)
Numerous company benefits are provided by Marks and Spencers which offer both safety in financial aspects such as pension schemes, paid maternity and paternity leave, employee discount within all of their stores to encourage brand loyalty, and many other motivating factors such as team building exercises, promotion opportunities and investment opportunities such as offers of shares that become available. Social needs are met and encouraged by team building exercises, and teamwork is encouraged throughout the organization. This helps provide a friendly atmosphere throughout the workplace....
8 pages (2008 words) Essay
Strategic Management
On the other hand there are also those approaches that are conceptual in nature such as policy, stakeholder, issue management, and adaptive approaches. The process of strategy implementation can be divided into various phases: understand history, explore the situation, uncover issues, identify strategy, assess feasibility, and implement strategic change. Finally the differences in strategic management between private and public sector organizations can be mapped along three dimensions: value generation, resource allocation, and accountability and trust.
...
8 pages (2008 words) Essay
Strategic Management
Positioning of the organisation through strategy, responding to real time issues through strategic management and managing the resistance offered by the competitors through systematic planning are some of the broader aims of strategic management (Ayanda, M., n.d.).
...
10 pages (2510 words) Essay
Schools of Strategic Management Thought
The key characteristic of the Environmental School of Strategic Management Thought is that business is considered as closely depended on its environment – being unable, in a way, to take initiatives that would support its various activities. In accordance with Sadler (2003) the specific School of Strategic Management Thought is based on the contingency theory. In this context, it is noted that businesses that are influenced by the Environmental School of Strategic Management Thought have the following characteristics: a) their strategic decisions are likely to be influenced by the...
8 pages (2008 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!