Togetherness

In: Business and Management

Submitted By jackdempsey
Words 218350
Pages 874
Manual to accompany

Crafting and Executing

Strategy

The Quest for Competitive Advantage

Concepts and Cases

18e

Arthur A. Thompson
The University of Alabama

Margaret A. Peteraf
Dartmouth College

John E. Gamble
University of South Alabama

A.J. Strickland III
The University of Alabama

Lecture Notes for Chapters 1-12

CHAPTER 1

WHAT IS STRATEGY AND WHY IS IT IMPORTANT?

CHAPTER SUMMARY

Chapter 1 explores the concepts surrounding organizational strategy. It begins with an explanation of the term strategy and offers a basis for how to identify a company’s particular strategy. Next, it explores the importance of striving for competitive advantage in the marketplace and examines the role strategy plays in achieving this advantage. The chapter then explores the idea that strategy is partly proactive and partly reactive. Next, a discussion on strategy and ethics is given. This is followed by a close look at the relationship between a company’s strategy and its business model. The chapter proceeds forward with a look at what makes strategy a winner and then presents reasons for why crafting and executing strategy are important. The chapter concludes with thoughts on the equation: good strategy + good strategy execution = good management.

LECTURE OUTLINE

I. Introduction

Managers at all companies face three central questions in thinking strategically about their company’s present circumstances and prospects: What’s the company’s present situation? Where does the company need to go from here? How should it get there? “What’s the company’s present situation?” prompts managers to evaluate industry conditions and competitive pressures, the company’s current performance and market standing, its resource strength and capabilities and its competitive weaknesses. “Where does the company need to go from here?” pushes…...

Similar Documents

Sociology

...We live in a society and like to share our feelings, happiness and sorrows with our friends, relatives and others. This wish of togetherness and belonging leads to create a community as a whole. Community is a broader term and has a larger connotation. Presently Internet has contributed a lot in connecting people through various communities. By the way, don't you want to know the value of this very term? Importance of Community Usually community refers to a group of people living in a common geographical location. This group of people obeys some social norms and some common value among themselves. As such, there are so many communities the world over, separated by languages, cultures, or geographical locations. However, they are related to each other in some way or other, thus making entire world a one, single community. A sense of community is important to establish peace and harmony among the society. The division of work, feeling of association, togetherness, and cooperation - all these help in establishing a healthy atmosphere filled with unity, harmony and friendship. The sense of a community is also important in fostering a feeling of intra-national as well as international brotherhood. Let us discuss these points, in an absence of which there will be complete chaos in the community. Sense of Togetherness A sense of togetherness lies in the soul of every individual. This comes from our care and dependency on our fellow beings. From our childhood days to......

Words: 1633 - Pages: 7

Simple Living Essay

...financial problems. She makes it clear that the experience of living with less, may feel hard when not voluntarily chosen, but family togetherness will still be the end result. Judith Levine is also very positive towards the idea of simple living. She has written the book ‘Not Buying It: My Year Without Shopping’, in which she describes how she and her partner did not buy anything unnecessary for a year. In the interview she explains how thinking about ones choices also is a part of simple living, for instance instead of buying biodiesel one can buy biofuel made from plan cellulose. Judith Levine introduces that there is a positive side effect of simple living. That “there are consequences to our acts, and those consequences are environmental degradation.” Derrick Jensen is not a supporter of simple living, comments on this. He claims that personal change does not equal political change. He gives irrelevant examples of for instance how personal actions haven’t changed the Voting Rights Act of 1957 or the Civil Rights Act of 1964. The main point and question of the text ‘Forget Shorter Showers’ is why “do so many people retreat into these entirely personal ‘solutions’?” But he loses focus throughout the text and only focuses on the side effect of simple living, helping the environmental, and not as Elizabeth Scott claims family togetherness. As a conclusion he points out that there are other options. To follow the activists who lived through difficult times. “Not to......

Words: 836 - Pages: 4

How Families Influence Child Development

...individual. Through time family values have been changed and lost. Instead of family togetherness and talking with each other, families now go on their separate ways. Examples, most families today don’t eat dinner together or partake in group activities. Our society thrives on independence and doing things on our own but has this changed the way people see the family. The most common comparison is the 1950’s to the 2000’s of today. This is good comparison because the 50’s was the time when family values were the highest priority. Although the 50’s were known as the greatest generation of our time, family values were what were most important. One example of a family would be the dad going to work and the mom staying home to take care of the house. This always showed the kids that there was one parent always there for help, with HW or to have a snack prepared after school. One thing the 50’s were known for were their family dinners that everyone in the household was there for. The family had outings and talked about issues they were having. One thing teens valued was the ability to speak to their parents about things they wanted to know. In today’s society family isn’t as important parents try to have that 50’s family lifestyle but with busy schedules parents’ working late and not having enough time, family togetherness is difficult. We today don’t put as much value in our family togetherness because some families aren’t traditional. Many families are families with......

Words: 519 - Pages: 3

Simple Steps in Gaining a Quality Relationship

...Simple Steps in Gaining a Quality Relationship What is quality in a relationship? Two simple words: confidence, and togetherness. Confidence is not the same as trust. Trust is often based as much on hope as on reason, and is lost for small reasons or no reason at all. One instance of poor judgment can break a person's trust in another.  Confidence is…knowing beyond a shadow of doubt that he or she will be there, with his/her strengths and his weaknesses for sure. The thing is, confidence works in both directions. Fortunately, increasing confidence in one direction also increases it in the other. Which leads to the first simple step of improving a relationship: increase his/her confidence in you. Improvements don't happen all at once: they are made up of small steps in the right direction. Anyone can take these small steps to improve the confidence others have in him/her. By taking them, you automatically improve the quality of the relationship. Here are some of the small steps…some of the things you can do today, tomorrow, and every day. Keep your promise and word. Physically, be where you say you will be. If she/he expects you to be home when she/he gets there, be there, or leave a note saying why you are not and when you will be back. It seems a small, almost unimportant, thing, but it is perhaps the most important of all in building confidence. People are disappointed by many people every day. All you have to do is be the one person who almost never......

Words: 473 - Pages: 2

Ice Cream

...spending nearly 60% of their disposable income on their children. They 2. Positioning Strategy: Convince them/ Influence them or their Family members to buy using various strategies and approaches such as: * Product Attributes: Variety of sinful ice cream cakes in mouth watering flavors/ toppings and the possibility to customize the same. Love for sweet nothings which leave you wanting for more. * Benefits offered: Rich cakes with ice cream with toppings and flavors of different kind. Whenever one wants to consume something sweet, and a lot more filling than an ice cream. Also get the benefit of both ice cream and cake. * Usage occasions Birthdays, Festivals, School functions and occasions, parties, just to celebrate togetherness, dessert time product, quick bite of something sweet in the middle of the night/ day (96 gms pack) * Users Parents & grand parents of children, friends, teachers, children themselves, * V/S Competition Absence of a kid specific ice ceam brand brand perceived to offer that variety and other periferrals * V/S preferences They could replace other purchases for this. Children want candies, toffees, ice creams, cakes, etc. This is just a different product altogether. It is a combination of everything they love, cream, nuts, cake, ice cream, etc. Tend to give priority to what they have seen their friends having or seen on T.V. Hence build preferences. * Combinations 2 in 1 value creation. Ice cream &......

Words: 1587 - Pages: 7

Family Togetherness

...In most cases, According to Bowen's Family Theory, anxiety comes from issues with balancing family togetherness and individual automy. As a counselor, from what I have read about anxiety in family counseling, my first reaction would involve taking the same strategy as the counselor .In this situation, with no additional background information, I would start by encouraging independence and exercises that will help with differentiation of self. Because of the limited information in this case, I can’t dismiss that this is the fifth session and there is no progress made, therefore I would refer the client to another counselor. As a Christian counselor our goal is to help clients using biblical principles in a case in which we are assisting clients with anxiety issues, we would provide the scriptures for the client as help. The AACC code of ethics also explains that when working with clients with different values, we should never impose the way of Christ (AACC1-550). In this case, the daughter is expressing that the therapy has not helped because the counselor do not understand their culture. It is the fifth session, therefore at this point; the counselor should not continue to recommend interventions. The client is expressing that she is unhappy with treatment. I feel as though now is the time the counselor should give the client options for referral. The AACC (1.571) states that when a client is no longer benefiting from counseling the counseling services are to be terminated......

Words: 571 - Pages: 3

Smart Cookie - Oreo

...10 for a pack of seven and Rs 20 for a pack of 14 for heavy usage. The cookie looks the same as its international counterpart with a motif of 12 florets and 12 dashes. The company maintained the heritage of the bitter chocolate cookie with sweet vanilla cream to stand out from me-too products and meet customer expectations of having the real thing. Kraft initially chose to outsource its manufacturing for the Indian market instead of using Cadbury factories. Communication and advertising have been consistent across the world as the core customer remains the same. The company focused on using the togetherness concept to sell Oreos in India, with television forming the main medium of communication although other media are also being tapped. Oreo India's Facebook page is one of the fastest growing in the world. The company also went on a bus tour to push the concept of togetherness among families across nine cities and it used a smaller vehicle for a similar campaign across 450 small towns. Oreo is driving point-ofpurchase sales with store displays and in-store promotions in a bid to overtake market leader Britannia Good Day's distribution. With a strategy focused on rapid brand awareness and extensive distribution, the Oreo India launch story has been a success so far. Its market share has grown from a little over one per cent after its debut to a massive 30 per cent of the cream biscuit market. As awareness of the Oreo brand grows in India, Kraft is looking to shift......

Words: 1905 - Pages: 8

Italian Mafia

...Eighteenth Amendment of the US Constitution banned the sale, production, importation and transportation of alcohol and an enormous opportunity arose for organized crime. The American Mafia is a separate entity from the Mafia in Italy. However, they share the same traditions as the Italian Mafia such as omerta, the code of silence (Lunde 118-119). The Mafia uses the term "family" or "clan" when referring to a specific group of those involved in organized crime. The power of family and loyalty extends far beyond those who share a bloodline. The traditional family is highly respected in the Italian culture and values of togetherness and closeness are extremely important. Although living under the same roof isn't as common as it once was, living in a close proximity is very common. Gathering around the table with the family at mealtimes brings a "togetherness" that only Italian families truly understand. Family is more than just relation, it's a way of life. The Italian family also functions as one's "government". "Family has been the institution allowing Italy to thrive despite its ineffective government, but in doing so it has underlined just how ineffective the government is and, by providing an alternative, made it unnecessary to fix the problem" (Ott 69). Regardless of the reason or circumstances behind the family taking on the role of the government, family has acquired very strong roles in this culture, which makes for very strong individuals. The role of the......

Words: 1178 - Pages: 5

Kids and Outdoors

...don’t have a second to spend with their kids. The kids may become withdrawn or anti social which will have a long-term effect of their ability to grow into well rounded adults. The social impact of too much exposure to electronic media can be seen as huge disadvantage for children and family relationships. I will attempt, using online articles and data bases from a variety of sources, to highlight the negative impact of over exposure to electronic media. I will show the effects this is having on children and families within the past two decades. This time frame is a good starting point to compare how traditional family values and togetherness from two decades ago have changed, as technology advanced to new heights just within the last ten years. I will explain how family relations, priorities, communication, togetherness and core values have slowly been degrading. I will show how children have become victims of technology, and as a result, are missing a very vital life lessons. A comparison of family values between the modern US families that indulges in technology or, in other words one that is technologically advanced, to families or societies in other countries where technology is not high priority in the family unit, will highlight the advantages and disadvantages, and impact, negatively or positively on their kids and the family unit on a whole. I will also use time as I attempt to compare past generation to modern generation US families...

Words: 569 - Pages: 3

Extracurricular

...relationships as the kids get older. Although parents very busy at work but on the weekend they there will be a time to spend with their children. So, if the weekend the children do extracurricular then togetherness children and parents will be lose. Some of schools think extracurricular can helps students learn how to be responsible. Since the activities are done together with their studies, students find the time to schedule things properly. That way, they will have enough time to study and enjoy the activities they want to do. Learning to be responsible includes being focused, having self-discipline and managing their time excellently. However, extracurricular can adds to the student pressure. Because so difficult to juggle two things every day. Sometimes, it can lead to students concentrating on only one and failing on others. The worst is the pressure that the student has to endure. If it is not resolved easily, the student studies and extracurricular activities might get affected. So, extracurricular can make pressure to children because they will be difficult to juggle two things every day. In conclusion, extracurricular can make the students felt stressful because they must balancing between schoolwork and extracurricular activities. And then they will be losing togetherness with their parents because they busy with extracurricular activities too. Although extracurricular activities have many positive aspect for students, but extracurricular activities can make......

Words: 519 - Pages: 3

Recidivism

...Montel Richardson Sr. Historical Books July 15, 2014 A Sign of Togetherness Whenever our country faces a time of turmoil, it is evident because this is mainly the time you see people coming together. During the aftermath of Hurricane Katrina, thousands of mission workers, construction gurus, and people from all walks of life headed south. The gulf coast was in a season of despair after the horror of the damage Katrina caused had been revealed. The water had evaporated, the smell of dead carcasses became visible, and everything was destroyed. Our nation “looked’ as if it had pulled together for those along the coast. This was a sign of togetherness. Some people came to help while others came for all of the wrong reasons. Whether it was for notoriety or simple unjust gain they came. This leads me to wonder what role did all of the people that showed up really play? The cities were in dire need of repair, but who would repair it and how would this mission be accomplished? There were several different organizations to helped as well as the government deciding that this was a major state of emergency at hand. This is the same for this chapter of Nehemiah, though he is not mentioned one time according to McKenzie, Nehemiah’s desire to build was still recognized. Chapter three details those that came and helped with the work. Geographically, the surrounding city dwellers showed up to help because this was the sacred place in which they worshipped......

Words: 738 - Pages: 3

College

...common value among themselves. As such, there are so many communities the world over, separated by languages, cultures, or geographical locations. However, they are related to each other in some way or other, thus making entire world a one, single community. A sense of community is important to establish peace and harmony among the society. The sense of a community is also important in fostering a feeling of intra-national as well as international brotherhood. The community college is helping student to get their togetherness, basic requirement, and save money finishing associated degree to getting to better job. First, student can feel a sense of togetherness a community college. For example, a sense of togetherness lies in the soul of every individual. This comes from our care and dependency on our fellow beings. From our childhood days to our adulthood, we care for our family members, our relatives, our neighbors and friends. This leads to a need of togetherness among people, which helps in creating a community. Students tend to enjoy any festival or social ritual together. For another example, community colleges class are smaller so there is a ten to eighteen students in each class so that way students are making two and three good friends. Teachers are helping to every each student by individual. Students can have good sportsmanship and work as one massive team. This is a kind of community feeling, without community people would be alone, there would not be anyone......

Words: 717 - Pages: 3

Training and Development

...training that are offered as part of the “ added benefit for members”. The training are educational. Money management concepts and tools are presented in an informative, enjoyable, and professional manner. The training feature practical information and are relevant to all income and females educational occupation. B-Swann was founded 2013 , in Greensboro, North Carolina . B-Swann defines who we are. A legally organized and incorporated organization comprising of Black people with a mission, aims and objectives of unifying ourselves, to build a sense of togetherness, for the purpose of helping ourselves and the entire Pan – African community in general in the areas of education, health, business wealth and finance as well supporting political initiatives for Black people. B-Swann intend to build a strong Black community in which we can stand together as a dignified and respectful people. To build a sense of togetherness while instilling historical awareness and values of respect, trust, support and care for each other: • Creating jobs for our youth • Providing loans • Supporting Black businesses • Educational awareness, workshops and seminars The employees to be trained are the female members. After three decades of dramatic social change, more women are managing money than ever before. Whether they are single or working with a partner, it’s important for them to determine their short and long- term financial goals, and learn how to meet them effectively.......

Words: 806 - Pages: 4

Japan

...loyal to each other and justice should be highly promoted in their relations with each other. Humanity is greatly emphasized and this brings in an aspect of brotherhood where the Japanese regard to each other as brothers and one should not watch a fellow brother suffer and this promoted togetherness and sharing therefore this was a great influence in Japanese lives. The was a great philosopher Confucius commonly known as Kong Fu Zi who lived in china and his teachings were widely spread through Korea and the Koreans introduced his philosophical approaches in Japan. These teachings were based on loyalty and obedience to masters and also a great sense of togetherness. His teachings just like those in Buddhism are based on brotherhood and brothers are to help each other in times of need based on a high level of self discipline and obedience to all (Sanderse, 2012). Violence and other negative aspects are criticized in the Confucius philosophy since it should not be reflected in a person who follows this philosophical life. We can clearly see that the philosophies and religious teachings introduced in this age of time were all emphasizing on doing what was right and promoting togetherness among human being for a peaceful and harmonious society. Betrayal is condemned in all these teachings and instead they are all emphasizing on loyalty and self discipline that leads to respect for others. References Raz, J. (2004). Value, Respect And Attachment,......

Words: 940 - Pages: 4

Sociology

...social group. The primary social group brings a form of togetherness and unity among a small group of people. This can be a group of friends or a family. Being part of a primary group has a lot of influence on a person’s individual perception and behavior because some of the features of being part of a primary social group are sharing common values and beliefs. This means that because they share common values and beliefs whether an individual has their own perception concerning a given situation they are forced to think the way the group has told them things must be. An example of this is every family has a different way of raising their children. What my family has taught me through values over the years will allow me to see a certain situation completely different in comparison to how another human being with different beliefs would assess the situation. Nobody can come and influence another human to think otherwise because it is imbedded into ones way of thinking that that is the norm, however sometimes in the case of peers this may vary. Some individuals can be easily influenced amongst their friends to go against all their values and beliefs in order to please and fit in with their peers. To elaborate my example some parents allow their children to call them by their first names. Supporting it by saying it is a way in which the child can feel more open to relate to a parent and develop a sense of closeness and togetherness between the two. Where as many may will argue......

Words: 1433 - Pages: 6

Facebook | airborne single edit | From I"s Episode 1 English Dubbed