Manaement

In: Business and Management

Submitted By shahzad7
Words 6143
Pages 25
Leadership Think Tank 2005 1
Built to Last
Jim Collins/Jerry Porras
Harper Business Essentials (Paperback Edition)
368 Pages
ISBN: 0060516402
Chapter ONE
On the basis of substantial research, Jim Collins and Jerry Porras observe the distinctive habits of companies of enduring greatness. In the words of the authors, “Visionary companies are premier institutions – the crown jewels – in their industries, widely admired by their peers, and having a long track record of making a significant impact on the world around them.” Visionary leaders and breakthrough ideas come and go, but visionary companies survive the transitions.
The “successful habits” of the visionary companies were observed in comparison to “silver medalist” companies in the same industry. Both the visionary and comparison companies outperformed the market, but the visionary companies demonstrated extraordinary long-term results. The tandems most frequently referenced in the book are GE/Westinghouse, HP/Texas Instruments,
Motorola/Zenith, P&G/Colgate, Merck/Pfizer, and Wal-Mart/Ames.
These comparisons dispelled commonly held myths regarding the nature of exceptional companies.
Myth Reality
1
It takes a great idea to start a great company Visionary companies did not demonstrate early success 2
Visionary companies require great and charismatic visionary leaders
Leaders of visionary companies were focused on building great institutions as opposed to building their individual reputations
3
The most successful companies exist first and foremost to maximize profits
Visionary companies are characterized by the pursuit of multiple priorities only one of which is making money.
4
Visionary companies share a common subset of “correct” core values
Visionary companies are ruthless stewards of their actual values
5 The only constant is change
As noted above, visionary…...

Similar Documents

Harrahs Entertainment

...Hence the competitive advantage that they have seen in the year following the launch will be short-lived. Giving expensive rewards will also be a strain on the financials in the long run They need to focus on their service at each location. With a good reputation of having the friendliest employees, they need to focus on this aspect as eventually service is something that cannot be replicated by others. Employee rewards, recognition and improving the service experience will help gain a competitive advantage in the market and gain a significant market share ----------------------- Harrah’s Entertainment Inc. An Assignment on Customer Relationship Marketing submitted to Prof. Keyoor Purani (INDIAN (INSTITUTE OF MANAEMENT – KOZHIKODE) CRM Assignment Harrah’s Entertainment Inc. JUZAR SHABBIR BADAMI (ePGP-03-212) ...

Words: 1298 - Pages: 6

Mcdonalds Anlysis

...Exhibit 2 The SWOT Matrix for McDonald’s Corporation, 2008\ | Strengths—S * Global Expansion * Specialized training * Great leadership | Weaknesses—W * Exploited workers * Damaging the environment | Opportunities—O * Global expansion * Health TrendsCoffee Market | SO Strategies * Expand coffee market domestically and overseas (S1, O3) * Develop strategy for entering new markets (S2, O1) | WO Strategies | Threats—T * Large amount of competition * Social Activists * Unhealthy food image | ST Strategies * Expand new healthier food menu (S3,T3) | WT Strategies * Invest in more eco-friendly methods of operations (W3, T2) | Bibliography Cohen, Isaac. "McDonald’s and Its Critics, 1973-2009." Strategic Manaement: An Integrated Approach. 9th ed. Mason, Ohio: South-Western Cengage Learning, 2010. C146-158. Print. Table of Contents Executive Summary…………………………………………………………………………. | 2 | Statement of Purpose………………………………………………………………………... | 3 | External Environment………………………………………………………………………. Remote Environment........................................................................................................... Industry Environment……………………………………………………………………… Operating Environment…………………………………………………………………….. | 3468 | Internal Environment……………………………………………………………………….. Resources…………………………………………………………………………………... Capabilities…………………………………………………………………………………. Core Competencies………………………………………………………………………… ......

Words: 3454 - Pages: 14

Supply Chain Management

...compromising financial outcomes in the inventory control process. References Banavar, G., Black, J., Caceres, M., et al. (Fall 2005). Deriving long-term value from context-aware computing. Information Systems Management. Boston. 22(4). p 32. Retrieved June 10.2006 from ProQuest. Mefford, R. (ND). Social and ethical issues in applying information technology to link global supply chains. University of San Francisco, USA. Retrieved June 10, 2006 from ProQuest. Power, D. (2005). Supply chain management integration and implementation: a literature review. Supply Chain Management. Bradford. 10(3/4). p.252. Retrieved from ProQuest June 12, 2006. Mistry, J. (2005). Origins of profitability through JIT process in the supply chain. Industrial Manaement + Data Systems. Wembley. 105(5/6). p 752. Retrieved from ProQuest June 12, 2006. Van Egeraat, C. & Jacobson, D. (Jul 2005). Geography of production linkage in the Irish and Scottish microcomputer industry: the role of logistics. Economic Geography. 81(3). p 283. Retrieved from ProQuest June 12, 2006 Additional reading used in completing this paper: Inventory Control. SCORE. Counselors to America's Small Business. Retrieved from ProQuest June 14,2006. Sheffi, Y., & Rice, J. (Fall 2005). A supply chain view of resilient enterprises. MIT Sloan Management Review. 47(1). Retrieved from ProQuest June 11, 2006. Towell, D. (2005). An evolutionary approach to the architecture of effective healthcare systems. Journal of......

Words: 2831 - Pages: 12

Failure of Rim

...Low morale. Advice to Senior Management – Clean up the house. Many "old timers" don't want to change their ways and still believe RIM is the only smartphone manufacturer in the world, making it more difficult to do business with us. Arrogant attitude needs to go out the door. There is a lot of talent in middle management that needs to be promoted or else will leave the company. No, I would not recommend this company to a friend Mar 6, 2012 “People are just not talented” Baseband H/W Engineer- Intern (Former Employee) Irving, TX I worked at BlackBerry Pros – Easy going people. Good facilities Cons – Now growth opportunity. Boring place to work. Advice to Senior Management – More clear thought process in terms of project manaement No, I would not recommend this company to a friend Feb 23, 2012 “Working at RIM was an ok experience.” RF Engineer Intern (Current Employee) Irving, TX I have been working at BlackBerry Pros – The work there is good. It helps to improve your Techincal skills and grow. Cons – There is no clear direction fro upper level managgement about the projects.Lacks project execution effectively. Advice to Senior Management – they should act fast and get the new Technology in the market asap. To sustain in market. Jan 10, 2012 “Excellent people, poor management” Anonymous Employee (Current Employee) Sunrise, FL I have been working at BlackBerry Pros – Good Compensation, Balanced work environment Cons – Declining company...

Words: 90794 - Pages: 364

Contempory Approaches to Manaement

...Unit Assignment 2 This paper will examine the differences between the four Contemporary Approaches to management: sociotechnical systems theory, quantitative management, organizational behavior, and systems theory. The first theory, Sociotechnical Theory was developed in the early 1950’s and reintroduced in the 1980’s and 1990’s. It suggest that organizations are effective when their employees have the right tools, training, and knowledge to productively do their jobs and bring quality product to its customers. It is a teamwork based system that believes that workers should be given the freedom to correct problems early on to create less waste. The next approach is Quantitative Management. This approach was also adopted after WWII in the 1940’s and 1950’s. It was brought about because in WWII military planners applied mathematical techniques in defense and logistic problems. This approach is supposed to help managers make decisions based on mathematical formulas. Managers had to use other management techniques along with Quantitative Management, such as experience, intuition, and judgment because not every problem can be solved using a mathematical technique. Also some managers were not trained using these techniques. Organizational Behavior uses psychology and sociology to explain the behavior of people on the job. Also created in the 1950’s and reexamined in the 1960’s using Douglas McGregor’s Theory X and Theory Y. Theory X assumes that workers are lazy...

Words: 420 - Pages: 2

Strategic Manaement Process

...The Strategic Management Process Strategic management is a group of actions and decisions created by a management team to help determine the long range outcome of the company. In this paper one will learn about the four phases of the strategic management process as well as why it is important for companies to have one. Basic financial planning Phase one of the strategic management process is Basic Financial Planning. The basic financial planning phase is also known as the formulation phase in the strategic management process because it is during this phase where the company forms and develops a well thought out strategy to help achieve the company’s main objectives for the next year and then propose a budget and develop a strategy based on little information from the sales force. While this phase is generally tackled by top executives and senior management it is often left for general management to complete. Forecast-based planning Phase two of the strategic management process is Forecast Based Planning. The forecast based planning phase is also known as the implementation phase of the strategic management process and its purpose is to take one project at a time from the proposed strategy and implement it into the workforce starting with senior management and working down to standard employees. This is a very time consuming part of the process as management will continuously collect feedback from others working on the project as well as they need to make sure that......

Words: 524 - Pages: 3

Clearwater Seafoods

...Clearwater Seafoods. Gold, T., Guthrie, D., & Wank, D. (2002). Social Connections in China: Institutions, Culture, and the Changing Nature of Guanxi. Cambridge University Press. Johnson, K. (2013, February 21). Survey Finds That Fish Are Often Not What Label Says. The New York Times. June N. P. Francis, J. P. (2002). The Impact of Linguistic Differences on International Brand Name Standardization: A Comparison of English and Chinese Brand Names of Fortune-500 Companies. American Marketing Association. Križanová, A., Majerová, J., Klieštik, T., & Majerčák, P. (2013). Theoretical Aspects of Brand Building in Seafood Industry. Market Line. (2014). Restaurants in China. Mullins, W. J., & Walker Jr, C. O. (n.d.). Marketing Manaement, A Strategic Decision-Making Approach. McGraw Hill. Roe, E. (2004). Clearwater Reorganizes Clam Operations . North Sydney, NS....

Words: 1639 - Pages: 7

Memory Manaement

...OPERATING SYSTEMS MEMORY MANAGEMENT Jerry Breecher 8: Memory Management 1 OPERATING SYSTEM Memory Management What Is In This Chapter? Just as processes share the CPU, they also share physical memory. This chapter is about mechanisms for doing that sharing. 8: Memory Management 2 MEMORY MANAGEMENT Just as processes share the CPU, they also share physical memory. This section is about mechanisms for doing that sharing. EXAMPLE OF MEMORY USAGE: Calculation of an effective address Fetch from instruction Use index offset Example: ( Here index is a pointer to an address ) loop: load add store inc skip_equal branch loop ... continue .... register, index 42, register register, index index index, final_address 8: Memory Management 3 MEMORY MANAGEMENT Definitions • The concept of a logical address space that is bound to a separate physical address space is central to proper memory management. • Logical address – generated by the CPU; also referred to as virtual address • Physical address – address seen by the memory unit • Logical and physical addresses are the same in compile-time and loadtime address-binding schemes; logical (virtual) and physical addresses differ in execution-time address-binding scheme 8: Memory Management 4 MEMORY MANAGEMENT Relocatable Binding Definitions Means that the program image can reside anywhere in physical memory. Programs need real memory in which to reside. When is the location of that real memory determined? • This is called......

Words: 2753 - Pages: 12

Manaement

...Performance Management Human Resource Management Foundation-HRM 500 Performance Management 1. Create a job description for a retail sales associate, which includes the most significant components necessary to describe the job both internally and externally. Retail Sales Associate Job Description Retail Sales Associates work in stores for generating sales and bringing in revenue to the company. This job requires a blend of skill, competency, and immense dedication (Retail Sales Associate Job Description, 2010). Candidates must possess a patient and professional manner to assist customers throughout the entire process of purchasing. Retail sales associates mostly report to a sales manager and work from their directions for meeting the company’s objective. Duties and Responsibilities * Interacting with customers, giving them product presentations and convincing them to make purchases, guiding customers who know what they want and to the correct section or making suggestions to customers who are not completely sure of what they want. * Strategizing to meet assigned sales targets in the given period. * Completing all the assigned tasks by the retail sales manager. * Keeping a track of the stock and inventory in the store and placing orders for replenishing the stock. * Maintaining the proper display of goods in the store and ensuring that they comply with the quality standards. * Attending sales training activities. Skills and......

Words: 2811 - Pages: 12

Organizational Change

...References A.J., C., 1987. The Uneasy Eighties: The Transition to an Information Society. Computers and Society, 16(4), pp.12-18. Akan, B.C.M.a.O.H., 2008. Creating positive change in community organizations: A case for rediscovering Lewin. Nonprofit Management & Leadership, 18(4), pp.485-96. Birchfield, R., 2013. LEADING CHANGE. New Zealand Management, 60(3), pp.27-27. Bruce, R.R., 1992. THE STATE FUND EXPERIENCE: NEELY GARDNER'S TRAINING-OF-TRAINERS AS AN APPROACH TO ACTION TRAINING AND RESEARCH. Public Administration Quarterly, 15(4), pp.441-50. Burnes, B., 2004. Kurt Lewin and the Planned Approach to Change: A Re-appraisal. Journal of Management Studies, 41(6), pp.977-1002. Change Management Tuitorial , 2014. Change vs Change Manaement. [Online] Available at: http://www.change-management.com/tutorial-change-vs-change-management.htm [Accessed 20 August 2014]. Creed, D.J.S.a.A.S., 2014. Sharpening the Focus of Force Field Analysis. Journal of Change Management, 14(1), pp.28-47. Cripps, K.G.H., 2013. Art imitates life: art and architecture as a driving force for change. Journal of Organizational Change Management, 26(1), pp.49-63. Draper, D.N.a.S., 2009. A blueprint for transformational organisational change in higher education: REAP as a case study. Transforming Higher Education through Technology-Enhanced Learning, pp.1-13. Ebscohost, 2006. Tips for Making Successful Change Happen. HR Focus, 83(3), pp.7-11. Fallon, T., 2011. Force Field Analysis: A key to......

Words: 3707 - Pages: 15

Case Manaement

...Case Management Overview Darrel Hammond BSHS/405 December 7, 2015 Melinda Barker The purpose of this paper is to discuss the various roles and responsibilities of a case manger. I will also be explaining the important of being able to identify problem and causes of behavior using theoretical models and I will include at least one theoretical cause of problem behaviors. The last thing I will be talking about in this paper is defining special population and discussing potential issues that case managers should be prepared to address. Some of the roles of a case manager are the” CMS standards of practice for case management” (2010) conducting a comprehensive assessment of the client’s health and psychosocial needs including health literacy status and deficits, and develops a case management plan collaboratively with the client and family or caregiver. Planning with the client’s family or caregiver the primary care physician provider other health care providers the payer as well as the community to maximize health care responses quality and the cost-effective outcomes. Facilitating communication and coordination between members of the health care team involving the client in the decision making process in order to minimize fragment in the services. Education the client as well as the family members of the health care delivery team about treatment options, community resources insurance benefits psychosocial concerns and case management etc… so...

Words: 744 - Pages: 3

Heather Tullis

...and contribute to a businesses’ success. Conclusion No matter the position held within a company, the job evaluations are set forth to insure overall success of the employee and the business. Using incentive programs to build probability and offer incentives that make the employee know that you value them and the job that they are performing. Showing that you are invested in their long term employment and you appreciate their job performance to ensure their happiness to promote a team of experts. References DeCenzo, D., & Robbins, S. (2013). Fundamentals of human resource management (11th ed.). Hoboken, NJ: John Wiley & Sons Behery, M., Jabeen, F., & Parakandi, M (2014) International Journal of Productivity and Performance Manaement, 62(1) 22-43 Maley, J. F., & Moeller, M (2014) Journal of Business Research, 67 (1), 2803-2810...

Words: 1305 - Pages: 6

What Are Various Phases in the Employment Process Within Personal Psychology

...think there was a lot of unfair treatment and discrimination within this organisation since the Human Resources Director emphasis on these issues. Therefore because of the changes in the nature of business IMPALA-PETROLEUM does and the way it does its business it means their performance management processes was affected and they need to facilitate these changes and adapt to them in order for the organization and its people to perform well. It was seen by Mathew that the leadership for IMPALA-PETROLEUM did not have the skills to perform essential evaluative and developmental tasks because the fact that he mentioned the role leadership should do it means this was lacking, or managers just ignored it. 5. RELATE STRATEGIC HUMAN RESOURCES MANAEMENT TO PERFORMANCE MANAGEMENT AT IMPALA-PETROLEUM BY APPLYING A MODEL LINKING HUMAN RESOURCE MANAGEMENT TO PERFORMANCE. 5.1 Strategic human resource management It is designed to help companies to best meet the needs of their employees while promoting company goals. (See http://www.wisegeek.com/what-is-strategic-human-resource-management.htm). Meaning that it deals with the management of people within an organisation. Thus planning ways ahead for organisation to better meet the needs of its employees and employees to meet needs of the organisation. 5.1.1 Performance Management It is best to define performance management and performance appraisal as they tend to differ and they play a major role in the human resources......

Words: 5714 - Pages: 23

Daniel Cudmore | All Shoes | Абу Халид Дагестани