Based on DQ1rw, DQ2Bridget Essay Example | Topics and Well Written Essays - 250 words

Based on DQ1rw, DQ2Bridget - Essay Example The recruitment will be based on talents and skills of employees in question. The recruits will be appointed on the basis of ability to make predictions based on the trends experienced currently, interact well with the existing strategic planners and implementers in the organization, and use of statistical models and expert judgments. These employees will be subjected through a thorough training before absorption. The employees will be trained and orientated about the organization’s activities. They will be evaluated using a SWOT analysis. This will be done as on job training and job rotation so as to enable them capture the idea and concept of the organization. Eventually the right persons will be placed in the right positions matching their talents, skills, qualifications, and training. After a significant period on job, there will be an evaluation of their performance carried out. Their future needs will be anticipated considering the past performance they shown with the ex isting needs. The previous trends involved in promotions and quitting will then be assessed and considered. After an extensive appraisal of the employee performance, the organization then decides on the employee with diverse skills and abilities to be placed in other places (McGregor, 2005). Both Russia and China are famous for robust potential in earnings. However, the exports from China are much more than those from Russia. Before the reforms in China back in 1978, the economy relied much on vestiges of the Maoism whose communism tenets determined a common pay for every rank in the society, however, the high ranking officials and power elite still benefited greatly from the sundry perks and preferential treatments they got. On the other hand, Russian economy is mortgage oriented. There are favorable employee rates though (Phatak et al., 2009). Therefore Russia is considered much more attractive in terms of â€Å"the right

WalMart Strategic Audit Essay Example | Topics and Well Written Essays - 2000 words

WalMart Strategic Audit - Essay Example b. Top Management III. EXTERNAL ENVIRONMENT: a In order to analyze the strategic situation first of all SWOT analysis have been under taken, which I have presented as under: SWOT Analysis of the Wal-Mart Company STRENGTHS Strong Brand name. Extended customer in more than 200 countries. Use of SAP R/3 Enterprise Resource planning software Low threat of new entrants. Continuous training programs for employees. High budgets of advertising and promotion. Good relations with media. Web based presence. WEAKNESSES Subsidiaries create legal and territorial problems. Lack of funds for regional suppliers to continue expansion Old image still exists. Inconsistent marketing message. OPPORTUNITIES Expansion in shape of introduction of new and innovative products. Expanding market due to globalization. THREATS Current economic climate. Results to be achieved in future can be less than projected "The Threats-Opportunities-Weaknesses-Strengths (TOWS) Matrix is an important matching tool that helps managers develop four types of strategies: So Strategies, WO strategies, ST Strategies, and WT Strategies. SO strategies use a firm's internal strengths to take advantage of external opportunities. WO Strategies aim at improving internal weaknesses by taking advantage of external opportunities. ST Strategies use a firm's strengths to avoid or reduce the impact of external threats. WT Strategies are defensive tactics directed at reducing internal weaknesses and avoiding environmental threats." (David, 180-181) SWOT Matrix: External Opportunities (O) 1. Double-digit growth rate in retail market in Central and North Europe. 2. Consumption of 70 cans per capita annually. External Threats (T) 1. Moderate threat of substitutes. 2. Competitors have gained...(P.454) The process of strategic management has proven to be the force of providing financial benefits for the organizations. In The Balanced Scorecard, Kaplan and Norton provided managers a framework to measure organizational performance from four perspectives: financial, customer, internal business processes, and learning and growth. While organizations worked to implement their own strategy for using balanced measures, Kaplan and Norton discovered a consistent pattern for achieving strategic focus and alignment." (Kaplan & Norton) "The Threats-Opportunities-Weaknesses-Strengths (TOWS) Matrix is an important matching tool that helps managers develop four types of strategies: So Strategies, WO strategies, ST Strategies, and WT Strategies. 6. Wal-Mart is one of the many organizations that use SAP R/3 Enterprise Resource planning software. This software allows all members of the Wal-Mart organization to access the information at anytime where ever they are in the world." (The geographic view of Wal-Mart can be label as global) * "The Strategic Position and Action Evaluation (SPACE) Matrix is another important stage 2 matching tool with four-quadrant framework indicates whether aggressive, conservative, defensive, or competitive strategies are most appropriate for a given organization.