Advanced strategic management Essay Example | Topics and Well Written Essays - 2500 words

Advanced strategic management - Essay Example This essay is a critical evaluation of an organization facing a problem associated with a strategic issue. It focuses on Woolworths Group Plc. which is a renowned organization dealing with entertainment and media in the United Kingdom. The risks associated with focusing and directing most of the resources on improvement of operational effectiveness. Potential avenues for addressing this problem have been discussed focusing on the various techniques and models available, including the regression and the time series models. The organization expanded rapidly since its establishment in 1909, leading to expansion in foreign markets for its entertainment products. It began going global in its operations, initially establishing in Liverpool and later expanding in the whole of the UK. By 2001, the company entered the London stock exchange after it broke off from its merger with Kingfisher Plc. The organization had been doing well in its recovery strategies, mainly focused on doing away with the huge amounts of stock that was in excess as well as offsetting the debts acquired while it was in a merger with Kingfisher. The management had to be strengthened. The organizational performance rose considerably since 2001 (Johnson et al 2004 p 66). The organization was focused on improving its operational effectiveness through approaches aimed on reinforcement of infrastructure, whereby there were improvements in managing stocks, and the supply chain. Other aspects of operational effectiveness included reduction of suppliers and improvements in branding. More offices were bought in order to bring better services to customers in foreign markets such as Hong Kong (Johnson et al 2004 p 67). The organization also focused on product improvement, a factor that improved its competitive advantage in the short run. It established two operation lines, whereby according to Johnson et al, it had a woolies arm for retail while on the other

Economic Collapse of 2008 Research Paper Example | Topics and Well Written Essays - 2500 words

Economic Collapse of 2008 - Research Paper Example When events like this occur, we automatically look back at the control systems that are supposed to alert us and in fact prevent such a fiasco from assuming alarming proportions. In this case, obviously something went wrong somewhere or the signs were ignored. This paper will look at the main factors that led to the collapse, the consequences of the collapse, who should be held accountable for it, where we stand today and how it has impacted on our hopes for the future. Main Factors Which Led to the Collapse It all started with an excess of lending in the sub–prime mortgage sector of the USA. The economy was going well and life was good. It seemed that the good times were here to last and there was no letting up. And then it finally happened. Bankers who had previously considered even people with a bad credit history as good enough for taking a loan now began to cut back on lending in the interests of risk control and compliance. As the economy shrunk and credit dried up, bank ers began to call on the sub-prime mortgages and the consumers were left with nowhere to turn to. Imagine their predicament as interest rates rose up and they had to let go of their precious mortgages. It was havoc and pandemonium in the housing sector. As the crisis deepened, even the banks that had not provided adequately for bad debts in the real estate sector were affected. Merrill Lynch and Lehman Brothers in the USA and Morgan Stanley in the UK were institutions that were brought down by the crisis; others have had to sell off, divest and re-organize themselves. For institutions like international banks, who have diversified their investment portfolios across the world in different continents to spread risk, it was inevitable that their holdings were impacted in some way or the other. AIG and Citibank in the USA, Deutsche Bank in Europe, Citigroup in the USA and Standard Chartered in the UK were all offered stimulus packages that have helped them recover rather than join the r anks of the bankrupt companies. To date in excess of 400 small and large banks have had to bite the dust. One contributing factor it seems that too much power had been given to Fannie Mae and Freddie Mac in relation to credit and control over the housing and real estate sector in the USA. The burgeoning housing sector has been hard to control. With their disbanding, and control in the hands of another regulatory agency, things are expected to become better. Another factor that has us bogged down is our insistence on continuing the War on Terror, a war we cannot win so easily. After nine years of fighting in Afghanistan and five in Iraq, we have little to show for it. We are spending millions of dollars per day and the average US citizen is being mired in debt without his consent. The 9/11 attacks were a blessing in disguise to the faltering Bush Administration who wasted no time passing the Patriot Act, creating Homeland Security and terrorizing citizens with different alert levels, racial profiling and enhanced security checks at airports. Bush had famously announced the names of countries he regarded as the Axis of Evil nations in a speech. He vetoed many of the expenses on the War on Terror, over the combined judgment of Congress representatives. The result is trillions of dollars in debt which we cannot possibly correct in our lifetimes. Many have criticized the