Strategy Planning and Implementation

Strategy Planning and Implementation Task 1a) The organisation of my choicce in discussing the Strategy Planning and Implementation assignment would be Pantaloon Retail India Limited. The reason behind choosing this organisation as matter of discussion can be mentioned as follows: i) I am an ex-employee of Panataloon Retail India Limited being on the rolls of the company for nearly 4 years overseeing comapanys Marketing Business Operations in the state of Gujarat, India encompassing 5 Pantaloon Retail Lifestyle stores in the cities of Ahmedabad, Baroda, Surat Rajkot in Gujarat. ii) Organised retailing is emerging in Indian sub-continent with Pantaloon Retail India Limited being the forerunner. iii) Started from a humble begiining in late 20th century with single outlet operation today it is Rs.10 billion turnover, with a presence over 30 cities with combination of 500 mega stores, super stores and lifestyle stores with over 20,000 employees. Task 1b) Stakeholders are the persons or a community(group of people) who are directly or indirectly associated with an organisation for attaining its objectives and are directly or indirectly affected by the actions, decisions and policies made by the organisation. Stakeholders of the company are its Directors, Employees, Creditors, Customers, Vendors, Government Agencies, Owners and Shareholders. Hence, in other words all the human entities directly or indirectly associated with the organisation are the stake holders of the organisation. In particular, the major stakeholders of my chosen organisation are the Employees, Customers and Vendors. Retail is man intensive industry and hence the role and importance of team work is the essence of providing international standard experience of shopping to its customers. Customers are king of the retail business. Custmers are listened, obliged, serviced and are given the primary importance in Pantaloon Retail India Limited. It is believed here that if Customers are happy then the company will survive. The company follows the M.K.Gandhis famous qoute, A customer is the most important visitor on our premises, he is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so. Vendors are the blood line of the organisation. Vendors provide the organisation with the right product win desired quantity. The also support the organisation in terms of payback period giving an edge to maintain healthy cash flows for development. Hence, we observe that these stake holders are of considerable importance to the organisation growth and to combat fierce competition and to meet customer satisfaction. The specific considerations that the company has for these stakeholders are as follows: Employees: The employees should be suitably compensated in terms of monetary and other intangible benefits so that the high level of enthusiasm towards work and customer focus is maintained. The happiness and retention of customers can be ensured only with satisfied employees. Customers: As mentioned above, Customer is the key focal point of Pantaloon, hence all the business persepective should be should be suitable oriented towards customer needs and wants. The company consideration would be providing Value for Money experience to its customers and reaching them the products wherever and whenver they want. Vendors: The company considers Vendors as partner for growth. The company has taken measurable steps towards assessing them, procuring procedure, payments and to deal with the grievance. The company has further taken a step ahead by incorporating electronic touch points to minimise the lengthy procedure and ensure time saving. Task 1c)Organised retail is agressive and is becoming challenging every moment. All the strategies formulated in Retail have been centered around the most important entity The Customer. The company has always focussed towards attracting customers, retaining the existing customers and giving customers an experience which would enable to come back again and again. The crieteria that Pantaloon focussed are: 1.Cost: The most challenging factor in todays business. A good earnings to cost ratio would only decide the fate of the retail business. No matter what top-line or bottom line a company desires, Pantaloon has always focussed on Cost Strategy to offer maximum benefit to its Customers. 2. Market Penetration: After opening its various retail formats in the metro cities in India, the company has decided the Cluster Development Strategy viz. 8 city strategy for market penetration. By doing this the company will focus towards only cluster of cities for market reach in step wise manner. 3. New Product Strategy: The company strategy has always been+ based on Ideas to give their customers something new and unique. The company looks to achieve a healthy share of each Rupee spent by the customers. Thus company started from garments retailing has moved into Food Retail, Fast Food and Speciality cuisine, Gaming, Hyper market segment, home products, e-shopping and insurance sector. 4. Square foot sales : The strategic objective of the company is to seek healthy square foot sales in order to maintain good profit margin in terms of attaining healthy top line. 5. Private Brands: One of the most important criteria for attaining strategic management objective is introducing Private Label Brands which would ensure gaining a healthy bottom-line margin. 6. Vendor Strategy: Touch screen single point operation for vendor slection, product identification and payment procedure. The company believes vendors or manufacturers are partners to the business and hence venodr management is key importance to the company. Task 1d) Pantaloon Retail India Limited was formed to deliver organised garment retailing in India. The company wanted to blend fashion with affordability. Due to its fast expansion and growth the garment trader and the dictribution channel(middle man) has also earned huge margins. They are the trader who used to source the material from the manufacturers and used to store and supply the merchandise to Pantloon. There was a sudden demand in raising the margin of the merchandise by the intermediary channel. Pantaloon used to source 80% of their merchandise of reputed brands from these channels. This sudden raise could not have direct implication on the customers as increase in price to the final product would mean losing business. Hence company initially bear this loss. After sometime the comapny wanted to discuss with these intermediate channels for price renegotiation, failing which the supply of the goods were stopped creating a vacuum in the supply. This was affected by poor merchandise and customer complaints which continued for several months till the time the company had done renegotiation with new set of Intermediary channel including contacting the manufacturers directly. Bu this, the company felt the necessity of having their own private brands including manufacturing and aquiring manufacturing set up of few other companies. The company took around 6 months for consolidation exercis e and thereafter Pantaloon relaunched its Retail Stores with nearly 80% of private manufactured merchandise. Task 2) Develop Vision, Mission, Objectives Measures a. For your chosen organisation, list down its ethical, cultural, environmental, social and business objectives. How are these influenced by the current business and economic climate? Pantaloon Retail India Limited with its multi-retail business in various sectors has consolidated its operations under the umbrella concern of Future Group. The company has laid down and oberve the following values to cover its ethical, cultural, environmental, social and business objectives. The values are as below: Ethical i) Respect Humility: Respect for every individual associated in business and be humble to all. This value entails the core people function. The company pays utmost respect, listen and act accordingly to its Customers, Employees and Vendors through various channels. The Senior Management evaluates and acts accordingly on any grievance, comments and suggestions made by Customers, Employees and Vendors. ii) Openness: To be open and receptive for new ideas, knowledge and information. The company has various platform of communication with its people and analyse all the ideas or comments and shares its opinion with the Stakeholders. E.g. the company has Share With Us Book placed in all the retail stores through which a Customer can communicate with the Senior Management. Cultural i) Valuing Nurturing Relationships: To build long-term relationships. Business particularly retail business is strategic in nature. It has complete reliance on Relationship building and nurturing the emotions.It is observed that it requires more money to attract new customers rather that retaining and satisfying new customers. ii) Simplicity Positivity: Simplicity in thought, business and actions. Thinking simple yet positive render positive vibrations in the economy and earn respect from its stakeholders. Environmental i) Flow: To respect and understand universal laws of nature. The company follows the natural way of business and respect and adheres to the rules and policies laid down from time to time. It also acts accordingly keeping in mind the current economic condition and takes steps relevant in order to satisfy needs of its stake holders. Social i) Indianness : Confidence within ourselves and amongst our product. The company respects Indian culture and offer the products that suits Indian households. ii) Adaptability: To be adaptive and flexible to meet new challenges.The only thing that is constant in the Universe is Change. Hence the company is always open to change and modify accordingly its product lines as per the need and demand of the present market. Business Objectives i) Intropsection: Leading to purposeful thinking. The company from time to time does meaningful invigoration of its entire process in order to audit and take any corrective action if any. Based on the outcome the company re-strategise any of its process or function. ii) Leadership: Leadership in thought and idea and its application in business. The comany belives to be Number 1 in whatever business they are and work hard to retain its position. (Source:Pantaloon Retail India Limited website id http://www.pantaloon.com/corporate_state.asp,Dated October 26, 2009) Based on the above, it is clearly observed that Pantaloon Retail India Limited is equipped with broad range of measures to handle stressfull business environment and economic changes that may occur. Specifically, particular change in any macro economic policies are treated with utmost sincerety and needed change is implemented to overcome it. Thus more recently the economic crises has very little effect on Pantaloon, as the company could envisage the problem and taken specific measures to overcome this. The percentage of leased out premises to its its total retail outlet was nearly 65% towards the beginning of year 2008. The companys outflow in rental expenditure was a large sum of money. The company could oversee the challenge of offereing competitive pricing during the era of economic meltdown. Based on the same company started having its own premises by creating a special vehicle Future Capital Holdings which is 100% subsidiary of Pantaloon Retail India Limited. This has brought d own not only the rental outflow but also ensured better offering to customers in terms of competitive pricing as compared to its competitors.

Reading :: essays research papers

A.C Peterson Farms 1) I feel that this ice cream company has provided examples of matrix structure because it9is a structure in which the task of the organization is grouped along with two organizing dimension simutanelously. 2) Advantages of centralizing decision making for a firm like AC Paterson Farms are more control to top managers and maximizing efficiency. The main disadvantage is it may limit the organization to respond quickly and effectively to changes in the environment. Chocolate and Much More 1) The company in regards to the organizational design must be integrating mechanism, which is a method for managing the flow of information, resources, and tasks within the organization. 2) The repercussion of moving into new international markets without the appropriate organizational design could be a disaster. With no formulated plan the merge in to foreign countries will result in failure. 3) I recommend that the company seek optional plans that will benefit the strategic plan and mission of the organization. Ethic Case 1) If I were in Tom’s position I too wold feel very uneasy. Although with serious though Tom was chosen as the laison of production this mean his peers and boss trust his work. Also I would develop a plan that would benefit the company as a whole not just one department. 2) I would recommend to Tom advice the two departments to meet on a weekly basis to restructure communication lines. From there the two should negotiate the plans for the company and realistic accomplishments for the two departments. 3) No I can not think of any other organizational relationships or situations that might lead to a similar problem. Ethic Case I. Dobbs Electronics Manufacturing Company production and manufacturing departments have stopped communicating, which has created many problems for the company. II. Manufacturing and production departments at the electronics manufacturing company have halted all communications. The success of the sales can depend on presise delivery of the product. To do this sales representatives have promised shipment due date before the production department can produce the item. This had lead to rushing through the job, working overtime, and reducing machine downtime for maintance. Top management has recognized the problem and know they need to reestablish the communication between the two departments. In attempt to solve the situation a liaison for each department was appointed. Tom Short is the liaison for the production department, his feelings towards the assignment deal with the concern of the way his boss and peers will view him and his ability to work.

Promotion: Performance vs Seniority Essay

According to the latest statistics published in the New York Times a 70 percent of the American workers think that promotions have to be based on performance rather than promotions by seniority. The first thing that needs to be said is that it is a personal decision. In my opinion, promotions have to be based on performance, because workers have good incentives, the best employees deserve the better positions quickly and the enterprises can have good employees. My first argument suggests that modern enterprise needs to produce more goods without spend money and time. The enterprises have to hire the best employees who need good incentives to work in them. The promotions by good performance rather than by seniority are very interesting for a young professional, because if he works well, he can get a better position in the company. For example, some companies have programs to hire young talent professionals. Second to take into account is that if the better employees had the opportunity to sit in a high position in the company early, they would have a better performance rather than another senior employee. To illustrate this point one need only refer to the several polls that some economics’ magazines have taken in successful companies and these polls show there are more young and capable workers than ever in the past, because there are a program of promotions by performance. Third, equally relevant to the issue are the companies with promotions base on good work have a better laborer climate. Enterprises give good incentives to hire capable workers and they give their better work. They can be happy in the company. Thus, I prefer to promotions have to be based in a good performance rather than promotions by seniority, in the due to the fact, worker have a good incentives, the best employees deserve the better positions quickly and the enterprises can have good employees.

ACT Reading Tutor

What Makes for An Effective SAT/ACT Reading Tutor SAT / ACT Prep Online Guides and Tips You'd think that with a name like â€Å"Critical Reading† or just plain â€Å"Reading† that the best tutor for these sections of the SAT and ACT would just be someone who is good at reading critically. Alas, it is not that simple. For instance: I love to read and aced the SAT Critical Reading section when I took the test lo so many years ago, but because it comes naturally to me, I haven’t ever had to think of alternate ways to approach questions. I actually have to work much harder at tutoring Reading than I do at tutoring subjects that I had to put more effort into learning (for me, SAT Math). Read on for more specifics on what makes the most effective SAT/ACT Reading tutor. And if you want specific advice on SAT/ACT Math tutoring as well, don't worry – you can read more about that here. feature image credit: Reading by Pedro Ribeiro Simà µes, used under CC BY 2.0/Cropped from original. Effective SAT/ACT Reading Tutors Scored Well On The Test The best SAT/ACT Reading tutors are the 1%: at a bare minimum, they've scored in the 99th percentile on the test. At PrepScholar, we take it one step further. Not only do we exclusively hire 99th percentile scorers, but many of these tutors were perfect scorers on the sections that they tutor. Why is this important? Because in order to be able to customize teaching, a tutor must have mastered the material. This doesn’t just mean knowing the content (like vocabulary). Tutors need to understand HOW the SAT/ACT will question you on reading. SAT/ACT Reading in particular is a difficult subject to improve, because it requires skills the student has practiced over a decade. It's not easy to teach critical reasoning and logic in a short amount of time. How do effective SAT/ACT Reading tutors do it? Read on! Effective SAT/ACT Reading Tutors Can Pinpoint Your Weaknesses The best SAT/ACT Reading tutor will be able to understand exactly WHERE students are making mistakes. When all is said and done, a particularly tricky reading question can involve over half a dozen components, any of which could be your Achilles' heel. Let’s use the following passage and question as an example. There are many complicated steps you have to take to answer this question Understand the question: what’s this weirdly-worded question actually asking? Where in the passage is the information you need? How much time are you spending reading the passage? What information does the passage give you to answer the question? How do you use this information to answer the question? What answer choices can you eliminate? Why? How can you confirm the right answer is correct at the very end? A student who misses the question could be tripped up by any one of these steps. How should a tutor address this? A mediocre tutor will just make sure the student understands how to get the answer to this particular question and move on. Why is this bad? It’s inefficient – it’s highly unlikely this particular question will show up on the SAT/ACT, and so the assistance given is not generalizable. Furthermore, it doesn't identify the student's actual weaknesses - it just patches over serious problems with a quick fix. The best tutor will pinpoint exactly where the student is having issues, then work on weaknesses until there are no longer any issues. A student who doesn't understand how to identify the information in the passage that answers the question needs very different help from a student who is spending too much time re-reading the passage when answering this question. If the tutor doesn't identify these weaknesses and address them, the student will find it very hard to improve her score. Darts by Richard Matthews, used under CC BY 2.0. All your tutor's efforts should be directed towards the bullseye of your weaknesses. Effective SAT/ACT Reading Tutors Will Customize Strategies To You The best tutors will understand optimal strategies and be able to teach them to students, customizing the strategies to a student's particular level. Read on for an example of two different strategy suggestions: one suggestion is for someone aiming for a 600 on the SAT or 26 on the ACT and the other is for someone aiming for a perfect score on the SAT/ACT). Students who are aiming for a 600 or a 26 or a can skip hardest 20% of questions and instead focus on easier ones. For more strategies like these, read our articles on how to improve your SAT Reading Score or how to improve your ACT Reading score. If you're aiming for the perfect score, on the other hand, you might need to take note of time management. Take a timed practice test, and if you run out of time, mark the questions you answer with extra time. Compare your scaled score with extra time with your realistic score (the score that only includes questions answered during the normal time period). If your score differs by more than 50 points (on the SAT) or 1 point (on the ACT), you have serious time management issues. Are you generally slow at reading passages, or were there particular questions that slowed you down? For more time management tips and other strategies, read our articles on scoring an 800 in SAT Critical Reading or 36 in ACT Reading. Actions To Take The best way to get a sense of any tutor’s teaching style is to get her to demonstrate how she’d explain the process of answering a difficult question. PROTIP: Pick out a question ahead of time that you previously missed and have had trouble with from a real SAT and use it every time, so you can compare the explanations of multiple tutors. I’ve also compiled a list of sample questions parents and students might want to ask potential tutors. Click to download the PDF, or click on the image below. Use the answers to these questions to assess how a tutor teaches and whether or not her particular teaching style and method will be effective for you. What’s Next? If you haven’t already, read our article on the key qualities of an effective SAT/ACT tutor. How do you find the best tutor for you? Learn about what tutors actually do during SAT/ACT tutoring and how to find the best tutoring match for your situation. Want to get serious about improving your SAT/ACT score? Our tutoring service is designed to be the most effective in the nation. We hire the best tutors from across the country. This is then paired with our exclusiveonline drillingprogramthat gives your tutor complete insight into your progress to design the most effective sessions. Think about what improving 160 points on your SAT, or 4 points on your ACT, can do for you. Learn more about tutoring now:

Chief Justice Rehnquist essays

Chief Justice Rehnquist essays William Hubbs Renquist was born in Milwaukee, Wisconsin, on October 1, 1924. William Rehnquist went to elementary and high school in Shorewood, Wisconsin. He served in the United States Army Air Corps in this country and overseas from 1943 to 1946. Then was discharged with the rank of sergeant. He was further educated at Stanford and Harvard universities. He attended Stanford University in 1948. At Stanford, he earned both a bachelor and a master of arts degree in political science. Then he continued his education at Harvard University in 1950. It was at Harvard where he received another master of arts degree only this time in government. Then returned back to Stanford University. After receiving his law degree from Stanford University in 1952, he served as law clerk to Supreme Court Justice Robert H. Jackson for a year. He married Natalie Cornell in 1953, who was from San Diego, California. Rehnquist had three children. James who was born in 1955, Janet who was born in 1 957, and Nancy who was born in 1959. The following year he went to Phoenix, where he practiced law and became involved in conservative Republican politics. He was an assistant U.S. attorney general, from (196871), heading the office of legal counsel in the Department of Justice before being named an associate justice of the Supreme Court by President Nixon on October 21, 1971. He served for fifteen years as an Associate Justice. Until 1986, when Warren Burger retired as chief justice, President Ronald Reagan nominated Rehnquist as Chief Justice of the United States. Then he was sworn in on September 26, 1986. Rehnquist has created what maybe the court's most conservative record of the last 25 years, voting consistently to interpret the court's jurisdiction narrowly. He is against the expansion of federal powers. In conflicts between federal and state authority, Rehnquist generally favors states. As chief just ...

From the Baroque Period through the Romantic Age Essay

From the Baroque Period through the Romantic Age - Essay Example The self-indulgent administration of French kings Louis V and Louis VI created a pleasure-seeking technique identified as rococo. The etymological meaning of rococo is the French word rocaille, denoting a shell or a conch, which was the principal theme of rococo art. Rococo was, in general, an upper-class art, with the focus comprised of gentlemen and ladies of relaxation spending their time in chivalrous gratification. It is considered to be mischievously erotic. It was at some point in the era of neoclassicism, during the governance of Louis XIV, that the French Academy was established. This built the foundations of classicism – with its reverence of olden days and its ceremonial discipline – as the authorized approach of the administration. Painters and sculptors who wish the official support labored in this technique until it was condensed to dry procedure and turned out to be spiritless and intellectual. Whereas the descendants of Louis XIV, there was a reduced amo unt of firm centralization of state supremacy, and classicism in France surrendered to the rococo style. With the period of influence of Napoleon, classicism, with its prominence on proper regulation and its renewal of olden days, once more materialized as the authorized technique. A response in opposition to rococo ornateness, also served the goals of the latest government by acclaiming the civic and nationalistic qualities of the early Romans for the personification of the public. Romanticism as an artistic style followed the French Revolution.

Supply chain Essay Example | Topics and Well Written Essays - 1000 words - 1

Supply chain - Essay Example The concept of standardization applies to multiple industries, and the cost savings can be significant; estimates by governmental leaders and industry analysts project that the auto manufacturing industry alone could save as much as $1 Billion annually (6). With a focus upon cost savings, there are several ways in which standardization assists a company or industry in improving its SCM processes to achieve the desired end. These include the enhancement of SCM planning, the enabling of SCM transparency, as well as the increase of cooperation and efficiency between the components. In terms of planning, the process of standardizing practices across the entirety of the supply chain requires management to consider each element in the system and how those elements interact. To standardize a process means that each component is reviewed with an eye toward streamlining the interactions so that the ultimate process works better; a concept that applies to virtually any supply chain. For example, in the healthcare industry, one author notes that considering all the criteria which directly link to â€Å"product selection, product use, product disposal, and environmental and community health impacts† should be incorporated into the SCM so that a â€Å"holistic perspective† is maintained (Eagan, Kaiser, and Shaner 207). It makes sense that a non-compartmentalized view of the supply chain would contribute to efficiency in planning, resulting in cost savings. Accordingly, the first improvement standardization brings to SCM is that of forcing management to und erstand the entire process so that it all works together in an organized fashion. Another improvement gained through standardization is found in the principle of transparency. Published and recognized standards allow each component within the chain to understand the processes of the other elements and work in cooperation with them. As discussed in other research, the linear