Professional Documents
Culture Documents
Clearly define the purpose of the organization and to establish realistic goals
and objectives consistent with that of the mission in defined time frame
within the organizations capacity for implementation.
Communicate those goals and objectives to the organizations employees.
Develop sense of ownership of the plan.
Ensure the most effective use is made of the organizations resources by
focusing the resources on key priorities.
Provides a base from which progress can be measured and establish a
mechanism for informed change when needed
Brings everyones best and most reasoned efforts have an important value in
building a consensus about where an organization is going.
Ans 6.
Globalization has hit firms harder as they now compete with products
that can be considered as of more durability and cheap. The mindset of most of the
consumers is that if its foreign made or made from a 1st world country it must be
durable. In addition that if sold alongside its local competitor, the foreign one is
much cheaper. To pursue an advantage over an organizations rivals, drastic
measures have to be set up to challenge globalization and the entry of competitors.
Changing prices will provide a temporary advantage towards the competitors. By
improving product differentiation, features, implementing innovations in the
manufacturing process provides a positive advantage as well. Using vertical
integration or a well-known distribution channel to corner other market brackets is a
sound strategy to combat globalization.
Exploiting relationship with suppliers is another way to compete wherein the
organization can set quality standards and thus requiring its suppliers to follow suit.
This increases the credibility and increases the reputation of the organization as one
who sells high quality goods.
Local companies need to step up and come up with revolutionary and innovative
ideas to rival other competitors from other countries. Advertising and re-thinking
the supplier and customers buying power is a way to help take advantage over a big
market. Diversification can also be done so as to make the organization survive on
different types of market rather than concentrate on one.