Business Strategic Management Essay Example | Topics and Well Written Essays - 2750 words

Business Strategic Management - Essay Example Strategic fit characterizes the degree of matching the capabilities and resources of an organization to the opportunities prevailing in the external environment. The matching takes place through strategy so the company is required to have its actual capabilities and resources for supporting and executing the strategy Strategic fit can be actively used for evaluating the current strategic situation of a company along with the opportunities of divestitures and mergers and acquisitions of divisions of organization. Strategic fit is also viewed on the basis of resources of the firm suggesting that industry selection and positioning is not only the key to profitability rather an internal focus utilising the unique characteristics of the resource portfolio of the company and its capabilities is the key to profitability. ... Operational fit arises when different businesses work along for exploring opportunities of skill transfer and cost sharing. Management fit revolves among both the businesses in terms of some comparable units like operating problems, administration and various administrative activities. It also allows accumulated managerial know how in one business to be used in managing other business. It is necessary that the management of business should take actions to capture benefit (Armstrong, 2003, pp.116-117). Benefits with sharing potential must be recognized so that the activities to be shared are coordinated and merged. When skill transfer takes place, a means must be found to make it effective. It is required for the medium sized business to achieve strategic fit as it provides consistency between customer priorities of competitive strategy and capabilities of supply chain as specified by the strategy of supply chain (Dessler, 2010, p.51). The strategies of supply chain and competitive st rategy have the same goal. Due to lack of strategic fit, a company may fail. Achievement of strategic fit involves three steps. These involves the understanding the uncertainty in supply chain and customer, understanding the capabilities of supply chain and achieving strategic fit (Armstrong, 2008, p.38). Strategic fit has a central role for playing in strategic management. While the external strategic fit is relevant to formulate strategy, the internal strategic fit is critical to the implementation of strategy (Gabriel, 2008, p.133). A high strategic fit is important as it enables the scope of learning new skill sets, timely and appropriate response, resource commitment from top management, better

nike and child labor :: essays research papers

Nike has been accused of using child labor in the production of its soccer balls and shoes for Nike in Pakistan. While Pakistan has laws against child labor, the government has taken very little action to terminate it. It is said that only a boycott by the United States and other nations will have any impact on child-based industries. In addition, the U.S constitution states that child labor is an illegal and inhumane practice and any U.S. company found guilty practicing and encouraging it will be prosecuted. The World Trade Organization (WTO) prohibits member nations, like the United States, from discriminating against the importation of goods made by children. Pakistan has a per-capita income of $1,900 per year, so in essence, a typical person survives barely on $5 per day, and with the high rate of inflation it becomes difficult for a low-income population to survive. Nike’s child labor is spread all over Pakistan but has the greatest impact in the northwest of punjab province, that is Sialkot. Pakistan has a population of approximately 1 million and is an important center for the production of Nike’s goods for export to international markets, particularly sporting goods and shoes. Sialkot is one of the world’s most important centers for production of Nike’s sporting goods. In June of 1996, Life magazine published a article about Nike’s child labor that was occurring in Pakistan. The article showed a little boy who was surrounded by pieces of Nike sports gear. The articles were shoes and soccer balls. Nike then knew then that they had to make some major changes in the way they were producing their items.

My Future Job Essay

Do you like the thrill of working in the hospital’s emergency department? Maybe you prefer the calmer and less stressful settings of a medical clinic. One thing we all must choose upon graduating is the work place we would like to see ourselves in. For me, I would like to work in a medical clinic or doctor’s office. I prefer the 8 to 5 schedule that you see in an office setting as to the crazy hours hospitals keep. As a working mom, this will benefit not only me, but also my children. Because I have a remarkably relaxed personality, I would work better in a medical office. I do not work well under extreme pressures. Do not get me wrong, I realize that even in a doctor’s office, things can get hectic at times; but, even on the worst of days in an office is still not as stressful as working in a hospital. Having a set schedule with no working holidays or weekends is much more favorable to me as I will be a working mom with two small children. This schedule will allow me to spend quality family time with my children and provide income to care for them. I will have the chance to help with homework and still be able to be there for significant events such as sporting events or spelling bees. Another way that this schedule will help me is that, on holidays and weekends, I will not have to struggle to find a babysitter or put my children in daycare. This in turn, will save me money. Another reason that I would prefer the medical office setting is the fact that I will get the chance to know each of the patients. I am truly a people person; I would rather get to know someone rather than rush around them. In an office setting, I will have the opportunity to spend more time with the each of the patients and get a feel for who they are, and better ways to help them. Knowing the patients is a momentous challenge that is worth all the rewards it brings. I have seen a myriad of patients switch providers for  the fact that the doctors, nurses and staff seem uncaring. When you get to know the person and are able to empathize with them, you not only establish better care for what the patient needs but also gain the trust and respect of the patient. As I see it, these are the only reasons I need, to recognize exactly where I see myself working. Having a job that meshes well with my personality is indispensable to me. I want to wake up each morning and not be able to wait to go to work. The financial stability, while still being able to watch and help my children grow is priceless to me. There is nothing more valuable than being able to be there to support your children in all that they do; having a job that allows me to be there is the only kind for me. Plus add in the benefits of getting to know another unique human being on a daily basis, and helping them prosper, makes working in a medical office the perfect job for me.

Facebook Is A Good Thing Or Bad Thing - 1461 Words

Almost everyone in the world has a social media, from middle schoolers to elders. Most of them have a Facebook account, including myself. The real questions are: Do you think you can live without Facebook? Is Facebook a good thing or bad thing? Facebook is an incredible type of social media that is influential in the way people communicate with others. Facebook can have both positive benefits and negative effects, including: People can spend too much time on Facebook, they can develop health issues, and they can be influenced to join groups or volunteer for community events. When people get on Facebook, they do not realize how much time they spend on it, either scrolling through the news feed, messaging their friends, or watching funny videos. People tend to shut out the outside world and focus only on Facebook. One expert says: â€Å"Facebook limits the time people can spend on more efficient means of communication in real life† (Carlsbad 1). Instead of spending so much time on Facebook, you could hang-out with your family and make some memories that you will remember for the rest of your life. Also, you could go outside and enjoy the day instead of being inside on Facebook, you could go for a walk or play with your nephews, nieces, cousins, or children. Experts all agree that â€Å"the nature of Facebook is that it is a time guzzler† (Shefa 1). Most of your day can be spent on Facebook and you may not even notice it. Some people even use Facebook while at work, and that means theyShow MoreRelatedIs Facebook Good or Bad?785 Words   |  4 PagesINSTRUMEN 2 Facebook – Good or Bad? www.facebook.com is a very popular social network website. Facebook is so popular, that soon it will reach one billion members. There are many things said about Facebook, some good and some bad. The biggest question of all is how does it weigh out in your life. Actually, there are many advantages of using Facebook. The most common reason for people to use Facebook is to keep in contact with their friends and family. Since Facebook is free, it has becomeRead MoreThe Effects of Social Media on Humans880 Words   |  4 Pageswhat I mean social media has people typing (ppl) for people and typing (dis) for this. Social media is really changing how the way people spell words and its showing how the way people spell on their papers and projects and so on. Facebook and Twitter is the biggest thing out on social media everyone uses them literally every day and it’s taking over people. Basically it’s like its controlling them. I bet if (u) see I did it again. 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