Strategic Management: A Plan for Success
Strategic Management
Concept
Strategic management is a method of defining an organization’s position, objectives, and how it plans to achieve them. It provides stability amidst changing circumstances, often involving a formal, written strategic plan.
Characteristics of Strategic Management
- Fundamental
- Long-term
- Forward-looking
- Purpose-driven
- Seeks competitive advantage
- Positions scope of activities
- Focuses on strategic fit, stretching, and leverage
Corporate Strategy
- Mission Statement/Vision: What business
EU Immigration Policies: Stockholm Programme & European Pact
Stockholm Programme (2010-2014)
Priorities of EU Policy (2010-2014):
A) Priorities of EU policy for five years:
- Promoting citizenship and rights, with the goal of European citizenship becoming a reality and fully guaranteeing the right to free movement within the Community. It is “one of the fundamental principles underlying the Union and one of the fundamental freedoms of the European Union.”
- A Europe of law and justice, in which all people can assert their rights in all EU states.
- Improving the security
Spain’s Economic Divergence and Convergence: A Historical Analysis
Spain’s Economic Divergence and Convergence
What are the main characteristics of the phases of estrangement between Spain and Europe or the USA?
Historically, Spain has experienced periods of both convergence and divergence with European countries and the USA. The U.S. held a position of economic leadership, often outpacing Spain. The divergence observed during 1891-1913, 1930-1939, and 1973-1984 stemmed from both internal and external factors. Spain’s political and social imbalances hindered its
Read MoreUnderstanding Financial Systems and Intermediaries
Financial System
The structure composed of a set of intermediaries to channel the savings of resources to finance private consumption, corporate investment, and public expenditure.
Funding
These are products that provide a means of maintaining wealth for those who possess it and an obligation to those who must.
- Types:
1. Liquidity:
The ease and certainty measures to implement short-term assets without significant losses.2. Risk:
The probability factor that the debtor does not keep his covenant.3. Performance:
Financial Markets, Intermediaries, Liberalization, and Crisis
Key Financial Markets
Three primary financial markets exist:
- Bank Lending: An obvious source of money is the bank. In the international market, money is typically lent at a floating rate, which changes periodically according to market rates.
- Bonds: Often, a borrower issues a receipt for borrowed money, which is a promise to repay. Key information includes the amount owed, the repayment date, and the interest rate. The term “bond” usually implies a fixed interest rate. Bonds are generally considered
Japanese Production Practices & Human Relations in Administration
Japanese Organizational Practices
Selectively emulate Japanese organizational practices: flexible work rules, just-in-time delivery systems, teamwork, a move away from vertical integration toward the extensive use of subcontracted inputs (outsourcing).
Post-Fordist Reorganization vs. the Japanese Model
The reorganization adopted the cost-cutting measures of lean production, but it did not adopt the employment security provisions. Workers, therefore, did not have the incentive to cooperate with employers.
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