Case Study: Nucor Corporation The present paper will discuss four concepts and subsequently link them with the Nucor Corporation. Two concepts will be derived from journal articles, whereas the other two will be strategic management models: vision and mission aspect; and strategic planning. Ashridge Model (Chun & Davies, 2001) The first concept is the Ashridge Model (Chun & Davies, 2001). Giving a mission to an organization is essential as it offers a competitive advantage as well as other unprecedented benefits. However, the Ashridge mission model highlights the best approach to apply in coming up with a mission statement. It defines the mission as a statement that consists of four dimensions, namely; purpose, strategy, values, and behavioral standards. Figure 1: Ashridge Model (Chun & Davies, 2001) The top-most element of the model is the purpose. It depicts the goals of the organization or answers the question of why it exists. Another element is the strategy. For the organization to realize its purpose, a strategy must be in place. Therefore, for the best purpose, strategic planning (will be discussed in…
Market Analysis: Encana Corporation The report examines the customer persona in detail of the Encana. It gives information on how a target customer persona is determined and the importance of having a target persona. It examines an overarching strategy that Encana creates value for the customers by producing products that helps support their needs. Through the feedbacks gotten from the customers, Encana can improve on the products. Identification of the target persona helps the Encana to communicate the right information to the right group of people. It also examines a strategy with mix recommendations, utilizing all the 7ps by incorporating all the seven elements because they focus on the target audience requirement. Encana had its headquarters in Canada but has opted to move to U.s and change its name to Ovintiv in search of better market opportunities. Encana should ensure that it finds in the target audience and produces goods that meet their demands to expand its target market. Introduction Encana is a natural gas company that was based in Canada with its headquarters in Calgary. Its primary focus for…
innovation at Apple Inc. Corporation Innovation in the current business world is one of the major determinants of whether a company survives in competition or fails. In Guide to Innovation, Stainleigh (2008) describes innovation as ‘’a collaborative process through which organizations abandon old paradigms and make significant advances” (38). The underlying drive of innovation in an organization is the ability to not only formulate ideas but also implemented them in a way that propagates positive implications. Through innovation comes cultural change, which seeks to align the new business developments and products with consumer preferences (Gupta & Prinzinger, 2013). Lack of such an alignment has often lead to potential enterprises running out of business despite being market leaders at some point in time, such as Nokia and Yahoo. This paper assesses innovation at Apple Inc. Corporation, culminating in a discussion of the culture of the organization before and after the shift and an assessment of the level of success that the company realized. Organization Culture before the Shift The majority of Apple’s success today is attributed to Steve Jobs, which is…
Case Study:-Allentown Corporation Abstract Leadership is an essential tool in any organization. Successful managers make use of sufficient and adequate skills of leadership as crucial tools of profitability. A primary reason for having this particular analysis is to showcase how AMC failed due to a lack of proper skills in leadership. This specific paper makes use of a case studies analysis-based methodology that effectively finds the main problems in Allentown, diagnose, causal proof, and present an efficient plan of action that is supposed to be used by the management to solve all challenges faced. Problem Definitions: The main problem at AMC can well be, therefore, termed as poor performance, improper managerial ability, and skills. Poor leadership skills get witnessed across various departmental offices, which turns the making progress of decisions too tricky. Therefore, with these factors, they yield poor motivation towards employees, reduced development, and growth of employees. The process of change is, therefore, done in a way that subjects the organization towards more enormous challenges. Diagnosis The current problems depicted at Allentown Materials Corporation can get well explained as…
‘The Corporation” by Joel Bakan Analysis ‘The Corporation” by Joel Bakan Analysis ‘The Corporation” by Joel Bakan Analysis documentary begins with unusual details, which comes from the 14th Amendment. Companies are seen as persons under constitutional law. The filmmaker, Mark Achbar, intends to assess the kind of a person than a corporation would be. The film depicts evidence from political campaigners such as Noam Chomsky and Michael Moore, a filmmaker. The movie intended to reveal IBM’s Nazi tries and how huge corporations exploit human privileges. The film features Robert Hare, a consultant who aids the FBI to profile suspects, and his diagnosis is that all corporations suffer from a personality disorder, and it can be categorized to be psychopathic. The reason is that they pursue their interests without considering the rights and values of other people and mainly the employees. The corporations, according to him, are immoral, and they undertake actions that are only beneficial to them. The film is based on the 14th Amendment of the Constitution that advocated for equal rights among the former slaves. The ruling…
When one opens up a business, it is good to serve your customers well. Once you improve your customer relation, you are going to move far. Your success will be determined by the relationship between you as the business owner and your customers. Customer relationship management is an essential tool in one’s business. If you understand the competition that is there in the market, it is good to work out in improving your sales through functional interaction with your consumers. If you fail to boost customer interaction, your business will end up making huge loses. If you have CRM software, you will be safe from making such huge losses. The customer relationship management software is good if used the right way. What you need to understand is that we have types of this software. They are made in different ways to handle big business, small and middle-sized business. You need to purchase one that will fit your business. If your business is small, make sure you do not go for the big corporation. If you make that mistake, you…
linear processes that exist in the city of Toronto, Ontario, The essay below assesses rethinking the linear processes that exist in the city of Toronto, Ontario, which is a very populous area. The primary theme of the paper is achieving a circular economy for the various companies in the region. The ability to use already used products as resources enables the protection, sustainability, management, and restoration of natural or modified ecosystems that address social challenges effectively and adaptively, simultaneously providing human well-being and biodiversity benefits. To improve the city of Toronto Ontario’s circular economy the report assembles several research opinions, policies, and different practitioners’ opinions to unravel the intricacy of various aspects. The primary theme is the discussion on how to develop and sustain momentum around a circular economy that would be more resilient than the blue and green economy. The arguments are intended to present innovative concepts that are intended to convince a vast array of stakeholders from a variety of companies, governments, and startups. A circular economy has the potential to gather momentum in the city of Toronto…
Key Elements to instill in the plan Corporate culture Despite having quite a number of criticism, the theory points out the need for corporations to provide an environment that is safe and conducive for employers ensuring they stay motivated and work exemplary. Nike incorporated the said theory of motivation. For one, the human resources global strategy is based on unleashing employees’ potential and enabling managers to make great decisions. Moreover, insights in the organization are highly valued through frequent brainstorming sessions and group exercise. What’s more, Nike remunerates in employees competitive salaries with numerous benefit packages that go beyond the health insurance and leaves. The company also offers a positive working environment that allows for creativity and team-work. Also, through mentorship and tuition assistance, Nike allows its employees to build their careers. The leaders employed provide opportunities for career development by teaching and amplifying employees’ capabilities, talents, and energies. For example, in 2018, Nike reported a salary increase for more than 7,000 of its employees. It also changed its annual bonuses in response to its corporate culture and raised concerns…
Responses for Source Incorporation Discussions Student 1 Hello Jane. I understand your struggles with research papers. However, I would like to point out that everything, including the difficulties you currently encounter, is down to one’s attitude. In your situation, it could be worse because it is a combination of a negative attitude and procrastination. However, in all your attempts to avoid plagiarism, you should always take into account that plagiarism could not only be avoided through the use of synonyms but utterly failing to recognize someone’s work, yet you have used them in your research paper or an essay (Wager, 2014). Therefore, whether you paraphrase or use synonyms, but you borrow from the work of an author, it equates to plagiarism. Turnitin could give one a more significant insight into what entails when it comes to plagiarism. Reference Wager, E. (2014). Defining and responding to plagiarism. Learned Publishing, 27(1), 33-42. Student 2 Hello Tegan. The use of too many quotes in the correct contexts is not an issue as long as you correctly cite them. Again, in a paragraph, quotes…
various key differences amid a partnership and a corporation Whenever starting a business, among the critical decisions one may encounter is what type of business should he/she register. Indeed, the kind of business one decides on to affect one’s taxes, liability as well as how the firm is managed. Examining the various key differences amid a partnership and a corporation can assist one in deciding the best choice for his/her business. Primarily, partnerships and corporations differ within their structures, where corporations are more multifaceted and including more individuals during the decision making process. Particularly, a corporation remains an independent lawful entity held by shareholders, and these shareholders decide on the way to run plus who manages the corporation (Kunz). Conversely, a partnership is identified as a business within which more than one individuals share ownership. Generally, partnerships have their entire management duties, liability, expenses, as well as dividends shared among the owners. Within, limited partnerships, common partners share possession responsibilities while limited partners function only as investors. Secondly, for-profit corporations usually are more costly and complicated to start up compared…