• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The Thirteen Commandments for Crafting Successful Business Strategies.

Extracts from this document...

Introduction

The Thirteen Commandments for Crafting Successful Business Strategies I. Matching Strategy to the Situation: 1. Industry Environment: The environment of consulting is in continuous, rapid growth. ASFM has to adjust itself to this demanding environment by always staying updated, certified and qualified. Consultants in general have an image for the clients that they are trying to take advantage of them. If we try to track the origins of this problem, we find that most consultants do not keep up to their promise for their clients of providing the best quality services, or they demand more than the assigned budget. Afterwards, they cash their checks and run off leaving the clients with a bad image. That's the challenge that ASFM has to overcome in order to improve their image in an ever-demanding world. 2. Company positions: ASFM is currently in a leading situation whereby keeping up to the same quality and globalizing is a good decision under these circumstances. 3. Situational Considerations: Just like any other industry, ASFM has to consider external as well as internal factors in order to craft a successful strategy. ...read more.

Middle

Vision, mission and goals of ASFM: ASFM's vision is to be leaders and innovators. They want to make a difference for their clients through continuous improvement. ASFM's mission statement is "We take pride in attaining total customer satisfaction by providing our customers with services of the highest quality and reliability." Both the vision and mission are revised more frequently, and communicated through media, customers who act as referrals, and through consultants and trainers. Some of ASFM's goals are the following: * Proving excellent service * Proving quality services * Providing professional training * Recruitment and retention of professional staff * Growing in size * Innovation - avoidance of obsolescence * Fulfilling community needs > Satisfying social responsibility These goals are also revised annually, and almost all of them have been realized by the firm. 2. SWOT analysis: As we have seen before, ASFM conducts a SWOT analysis as an important basis for its assessment and evaluation of strategies. 3. Crafting and formulating Strategy: "Strategy making brings into play the critical managerial issue of how to achieve the targeted results in light of the organization's situation and prospects."2 The hows of a company's strategy are typically blends of: * Deliberate and purposeful actions * The needed reactions to unanticipated developments and competitive pressures * Collective learning of the organization over time. ...read more.

Conclusion

His genuine interest in them gives them a chance to prove that they can be effective and indispensable for the organization. To be utmost fair, he assembles a planning team called: The executive management team which gives virtually all managers the chance to participate in the planning process. This team consists of the vice president, senior consultants, consultants and business development representatives and directors who are in charge of approving the strategic plan. This entitles them to be involved in the strategic planning process. With this humble yet strong nature, people at ASFM feel comfortable in his presence knowing that he's a CEO but at the same time, a human with some imperfections. Leaders should be able to make decisions easily and must have the drive and power to do things the right way. Mr. Almaoui adopts aggressive approaches towards what he wants. His thoughts and actions are always consistent and reliable, giving the whole environment a clear idea of where they stand now and in the future. Finally, a man with an initiative, always seeking perfection in the workplace, in his employees and the services his company has to offer. 1 Course readings, part 1, pg. 106 2 Course readings, part 1, pg. 10 3 Course readings, part 1, pg. 18 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. Managing Human Resources in Marks & Spencer.

    generate and the impact of their work, you gather additional information to make both praise and constructive feedback more effective. Observations should be the basis for feedback, and may also suggest actions, which might be taken to support, develop or improve performance.

  2. Exercise Initiative in a Business Environment

    Many employees have been experiencing bad posture and strains in the muscles of the back, and the spine. The organisation has policies, procedures and practices for manual handling but is very rarely referred to; this becomes a major concern as it may cause damage in the long term to the employees at PFM Removals.

  1. As a short-term business Consultant, I have been hired by Alton Towers PLC to ...

    as well as it should be doing due to lack of attention then the theme park will gather a bad repretation. If this was to happen then people will stop visiting the park and it will no longer be one of the UK's number one theme park.

  2. Critically assess what is involved in the whole issue of Performance Management and motivating ...

    It avoids the wasteful expense (including time) of external evaluators. > Self-evaluation enables individuals to develop a much clearer picture of exactly what it is they are doing- which makes work definition much better. 3) Peer appraisal This involves employees on the same level within the organisation assessing each other.

  1. E1: Accurately describe the responsibilities covered by the human resources function in the ...

    Therefore they recruit more people about 25-34 years old. This will be good for Bridgestone as they will have a well qualified young workforce who will work towards achieving the company's objectives. They should also stay with the company for some time so Bridgestone will have a workforce with the experience they need to achieve all their objectives.

  2. H.R. Planning

    base in the locality * New housing developments are completed which bring in new residents and potential employees. The external labour market for any organisation is made up of potential employees locally, regionally, nationally who has the skills and experience required at a particular time.

  1. Operational Issues in the BPO industry

    shown above is the process flow for a typical third party inbound call center. When the customer calls the call is transferred to the client's IVR(interactive voice response). From the IVR it is routed to the vendors' office. Depending upon the call center's routing algorithm, the call center routes the

  2. An Investigation into the factors preventing fully effective team working at TSI, with a ...

    Studies Institute is to train and produce academically and practically competent generations of national technicians in accordance with the most developed scientific techniques to operate and maintain the various equipment of the armed forces.' This has been translated in practice into an institution that prepares approximately 1500 students between 16

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work