Strategic Management Essay Example | Topics and Well Written Essays - 1500 words

Strategic Management - Essay Example Why is it this so? It is clear that the globalization of markets has led to a paradigm shift in how organizations-and especially multinationals-conduct their business operations. The deregulation of national and regional markets has led to eradication of bottlenecks to cross border trade leading to increased competition for the vast and diverse, global markets. Porter’s competitive model was build based on the prevailing economic conditions of the eighties. It assumed the classical perfect market conditions of intense competition and a relatively stable market structure that is subject to cyclical developments. Therefore, by design, this model loses significance in the modern global market. Modern global business is characterized by dynamic markets where industries have complex and multiple relations and product groups (Have, 2003). The upsurge of internet technology and e-business platforms has meant that the effectiveness of the model is in providing a still image of the ind ustry. This is as opposed to providing holistic projections of future trends and developments that can be ably translate into strategy for the particular market segment. The model assumes the idea of competition based on a need for profitability and market survival only loses relevance in modern markets. It wrongly approaches some of the five factors i.e. suppliers and customers as a threat to the organization that needs to be addressed. Modern economics postulate that business strategies should be focused in incorporating, as opposed to reacting to these particular factors (Miles, 2011). The Boston Consulting Group (BCG) matrix was developed with a focus on the efficient allocation of resources within business enterprises. It adopts an evaluative criteria based on two prime factors i.e. market share and market growth has been widely used as a tool for portfolio planning, marketing and business strategy development. The basic principle in risk management is in diversification of ass ets through portfolio investments. The BCG model provides a useful pictorial comparison of the firm and its products versus the leading competitor and its products in the same market. The model, therefore, becomes a critical tool for implementing a firm’s short to medium-term profitability and growth objectives by providing forecast solutions of the market as it is now and as expected in the near future. In the short-run, the model is capable of providing strategies that are designed to provide quick-fix solutions to a firm. The disposal and optimization of loss making assets or ventures can be easily identified using this model. On the down side, the model, the model’s application is often limited to a scope of a year. The model lacks the ability to provide a long-term picture of the market conditions and thus strategy development towards achieving the firm’s overall long-term goals becomes very challenging. The BCG assumes a direct relationship between market shares, seems irrelevant in the current global market. There are small businesses in the small market segments especially within the information technology segment that have surpassed even the largest multinational corporations in profitability (Kaplan & Norton, 2000). The model also places an inaccurate reliance in market growth as a dominant factor in determine the attractiveness of a market segment. There are other factors such as aggregate market risk and regulation that equally influence

Assignment3 Essay Example | Topics and Well Written Essays - 750 words

Assignment3 - Essay Example Sometimes, the concoction, instead of taking the condemned to a state of unconsciousness, merely paralyses them, with the person dying feeling the excruciating pain of their heart stopping, but unable to speak out because of their paralysis. If this is not torture, what is? We as a nation are firmly against torture, therefore, it is surprising that we are silent about the torture of our own people. The state-sponsored murder, as some people refer to capital punishment, leaves the door open for punishing the mentally disabled for their crimes. The recent case of Theresa Lewis’ execution in Virginia is testament to that. Not only was the woman borderline retarded, with an IQ of about 71, what is more, she was not even the one who carried out the killing. However, as the option of capital punishment was available, she was put to death. This is not in line with the ethics that we hold dear, and we should speak out against it. This is just talking about those who are, indeed, guilt y. What about the case of people who are convicted wrongfully? Our criminal justice system is not perfect. There are many flaws and often emotions involved in the case end up causing a bias. The police, if under pressure, have been known to look for scapegoats to protect their reputation. Consequently, someone innocent may not only be charged, but convicted of the crime as well. There have been many cases where evidence emerging later on proved that the conviction was wrongful. It is one thing to take someone’s freedom wrongfully, and quite another to take his or her life. The former is a travesty of justice too, however, a man wrongfully sent to prison can be set free. Can those mistakenly executed by the State have their lives back? Moreover, the lengthy appeal process that goes hand in hand with a sentence of death incurs a lot of expense on the exchequer. Millions of tax dollars, that you and I pay, are spent in the appealing and re-appealing process. A sentence of life i mprisonment can save the public exchequer money, as it does not involve such a lengthy appeal procedure. Though those who favor death penalty talk about a deterrent effect of the capital punishment, yet research shows that such a view is oversimplified. There is no way that only one factor effects the rate of crime in any community. There are various social and economic factors that go along with a society’s rate of murder, and the death penalty is not one of them. What is more, countries where the death penalty has been abolished have lower crime rates than those States of our country where it is still practiced. Ask any of those supporters if they are willing to condemn a person to death by serving on a death-penalty jury, and I am sure you will see reluctance as well as unwillingness. Ours is the only Western nation, and other than Japan, the only developed country to allow and implement such a barbaric punishment. The European Union law has completely abolished the death penalty, and it is a shame that though as a nation uphold ideals based on human ideals and human rights, allow a cruel and unusual way to punish our own. That we allow this barbarity to be done on a State level is a slight to our civilization. All of us should unite in speaking out against this torturous punishment. We should write to our Congressman or