Strategic Management of Hyundai Introduction It helps in developing suitable analysis of the existing strategies adapted by Hyundai for creating competitive advantage. It provides an overview of the procedure required for assessing current environment and provide an suitable adaption for Hyundai. The study is useful in depicting an appropriate strategy for Hyundai and offers practical strategies for retaining a helpful position in the automobile industry. Hyundai Motors is one of the renowned companies in the automobile industry that looks to develop long-lasting plan for the customers in the whole world. Mission of Hyundai Hyundai Motors seeks to provide corporate strategy for the customers and create respect by everyone in the market. The organization looks to provide best technology and various models of cars for the customers. Hyundai Motors aims to provide best value for people by creating suitable technologies for the customers and maintain strong image in the market (Barron et al. 2017). It helps in creating innovation for the customers by providing innovation in various types of models in cars for the people. Vision of Hyundai The vision of…
Top 5 biggest mistakes to avoid when interacting with your customers: Your comprehensive guide Establishing a business and managing it is not a piece of cake. There are a lot of factors that have to be taken care of when wanting to promote your business and flourish it. A company can only grow if: It understands what the customer need is its product or service reaches out to the correct audience Retains and improves its quality Continuously brings innovation and keeps itself up-to-date with the latest trends With technological advancement and globalisation, the business market has become more saturated than ever. With millions of choices around, all businesses must develop a key differentiator from their fellow competitors. Simply manufacturing a product or offering a service can not do any good if you can not stand out in the market. Knowing these facts, one can simply not deny the importance of having excellent communication with existing customers. Regular customer interaction and feedback will enable you to work out on changing customer needs and how you can keep…
Toyota Motor Corporation Introduction Toyota Motor Corporation became the largest automobile manufacturer in the world in the year 2008 (Magee, 2008). The company has nearly 600 subsidiaries, which are all involved in automobile production, commercial vehicles, industrial vehicles, and automobile parts (Magee, 2008). The company is Japan-based headquartered in Toyota City, Nagoya. The company started in 1933, founded by Toyoda Sakichi. The company produced its first car in 1936 (Magee, 2008). The company later faced an economic downturn as a result of the Second World War, and it was forced to suspend some of its automotive production. In the 1950s, the company came back to work and had been growing since then. In the 21st century, the company has experienced significant growth owed to its innovations such as Lexus (1989), a luxury car and Prius (1997), a hybrid-powered vehicle (Magee, 2008). For Toyota to excel in the market, it has utilized several globalization and growth strategies. Global strategy is a strategy a company takes to compete internationally. A growth strategy is the action plan created for helping a business gain…
Report on Human Resource Management Introduction The study assignment discusses the implication of one of the most important concepts related to human resource management, which is attitude and job sat5isfaction. Maintaining the right sort of job attitude in the job is altogether crucial since it defines the human character. The right kind of attitude towards a job describes the characteristics of human beings. Thus the concept of belief is considered to be distinguished from an organizational point of view. Another idea is job satisfaction, which means to choose a satisfactory job for a living. Thus it can improve performance and imply satisfaction towards the operation. On the other hand, the idea helps analyze the impact of its overall operational procedures in organizational behavior and motivation along with a suitable conclusion at the end. Discussion Attitude and job satisfaction The concept of attitude is based on the evaluation. These evaluation techniques might be favorable or unfavorable that mostly concerns with objectives, people, or other sorts of events. Thus the workplace attitudes can be both cognitive or cognitive. Thus the attitude concepts…
The current business model of OLA Ola cab is considered one of the highest growing online cab services provided in India, the company aims to follow a highly effective niche market, and the process is totally customer oriented customer service strategy. The business model is highly influential as a whole. Thus, the company follows an exciting business model, which is discussed as follows- The mobile app awareness to the ordinary people is done through the launch of a customized mobile-specific technique. This process is known as app analytics. With the help of the app, the tracking system of app cabs becomes a lot easier, as well as the overall business performances, are done based on a particular city or particular drivers. The advertisement campaign is done based on the impact of social media platforms. In this case, the right audience is done to confirm that the average customer’s age group has been 20 to 25 years, and most of these people work in corporate houses. Thus, people need cab services and drop them to office premises. The commission percentage is…
Company Summary Persian Interiors is a startup enterprise that will offer comprehensive interior design solutions for homes and offices. The venture will help clients looking for assistance to develop the interior design from concept to implementation. Persian Interiors will enable clients to purchase new artwork, antique furniture, home accessories, as well as decorator fabric for their space. The website www.persianinteriors.com will be used to market the brand of the company online as well as to list a portfolio of finished projects. The enterprise is expected to start as a home-based business for the first three years. The business is registered in Jeddah Saudi Arabia and operated by its owner. The sole proprietorial company is launched in a room dedicated to providing client contact area, work support area, and display area to showcase products, designs, and past work for the walk-in clients. Persian Interiors has a defined target market which will form the basis of building this enterprise. The client is defined as the same for both residence and office space. Effective marketing strategies combined with optimal offering is key to…
Supplemental Discussion 1 (Module 3) I think it is possible to have prosperity without economic growth. In many cases, countries have experienced flouring and successful social status with a lot of wealth, but their economic growth rate remains constant. Further, prosperity measured with factors that are entirely different from economic factors. For example, prosperity is measured in wealth, happiness, and health of individuals in society. These factors are independent of economic factors for measuring economic growth, such as quality and quantity in the land, capital, labor, and entrepreneurship (Yanarella & Levine, 2014). In another view, economic growth is a measure of the outward shift in a countries production possibility curve and total output measured in gross domestic product. Prosperity is a more soft aspect of a country that entails both economic and social factors, which makes it independent and different from economic growth. I, therefore, agree that it is possible to have prosperity without economic growth. References Yanarella, E.J., & Levine, R.S. (2014, August). From sustainability to resilience: Advance or retreat?Links to an external site. Sustainability: The Journal…
Establishment of new product Executive summary The study assignment will discuss the concept of establishment of certain screening criteria as well as the process will effectively look to describe the potential country list that is considered to be effective based on the screening criteria. Apart from this, chin up companies will be targeting the U.K. market since the market will be high on growth, and there will be a large number of opportunities to utilize new products in the market. A new market entry strategy will be proposed for chin up. Introduction The study assignment discuses about certain major aspects related to the launch of a new smartphone cover named as chin up. Currently, the number of smartphone owners has been increased day by day. The way people hold or usages smartphones are wrong, and all these causes back and neck problems. Therefore the focus had been imposed to launch a certain type of back cover that can look to reduce the issue of back and neck pain to much extent. Therefore the U.S. market has been targeted…
Business Portfolio Mike Judge’s “Office Space “is a classic example of a comic cry of rage against the difficulty of contemporary life and culture in the office. Peter Gibbons, a leading character in the movie, works as a programmer for Initech. He is living in misery due to the draining nature of the job. He later on agrees to visit a hypnotherapist with the girlfriend and the session does not go as planned, as the therapist gets a heart attack and dies while Peter is in hypnosis. Such alternatively changes Peter’s life where he is stuck in the new found state of mind having a different perspective of his life and work. Peter decides to skip work more often and often finds excuses for his absenteeism, this forces his girlfriend to leave him and later makes his moves on a waitress that he liked called Joanne. Meanwhile at work, there is a new twist when Peter with his new found trance and straight forwardness gets him recognized with the upper management and therefore receives a promotion while his two friend…
Social Welfare Media Analysis Introduction Among the most common problems experienced in the world are drugs and substance abuse, as more people are using more drugs and becoming chronic substance users, which leads to addiction. This issue has gained a lot of attention, especially in the media, with reports of people dying from drug abuse. Drug use leads to drug addiction, which is a serious issue experienced in modern societies. It is an issue that countries all over the world have had to battle with. Off all the drugs available now, including cocaine, heroin, marijuana, and nicotine, alcohol stands out as the most widely used and most abused drug. A report by the Office for National Statistics in the UK stated that since the early 1990s, alcohol-related deaths doubled from 6.7 per 100, 000 people to 13.6 per 100,000 people in 2008 (ONSUK, 2013). It was estimated that in 2012, more than 200 million people corresponding to 5.2 percent of the world population between the age of 15 and 64 had used a drug, mainly substances belonging to opiates,…