Simple Strategies

NEWS Making Strategy

2009-08-02T09:54:00.004+05:30

In India today's NEWS Headlines is will Rakhi Savanth Marry?. This is a topic for last few weeks. Today is the final day to decide to whom she would like to choose. As a ordinary person this is news, but we are looking at the strategy point of view.

Rakhi savanth is a person who would like centre of attraction. Some time back she dressed like a Sanyasini stating that she will quit all material life due to constant harrasment of different kind people. At the end of the day she annouced that that is drama.

Media and Savanth making general public curious and making them to watch the TV show. We need to appreciate the strategy that they have used to pull the crowd. Strategy is to convert person life to a business event.

This is the second event of this type of news in recent time. Swayam Varam is not a new technique since time immorials this type of marriage has been taking place. The difference is that those time event managers had not earned any money, but today this is a money making system.

Business point of view this is good strategy and would generate revenue.

Price Skimming strategy

2008-08-26T16:16:00.002+05:30

When a global brand entered into a local market it is observed that they use price skimming strategy to do business. Business strategy is to recover the cost in short run.

HR Strategy

2008-08-25T09:32:00.004+05:30

In Global market competition is very high. Business organisation formulating different strategies to gain their market share. In slowing down market economy, organiations showing pink pay slips to their staff a HR strategy to retain core staff to survive in the market Erena. Business strategy do consider HR strategy to do the business.

Beauty business strategy

2008-08-24T19:50:00.002+05:30

Beauty business is emerging trend. In view of urbanization and income level is going up people tend to spend their earning on beauty. Competition is high as every business organization is entering into this field. Some business houses formulated their new strategy by introducing Herbal and Ayurveda mix to promote their brands.

Transparency

2008-08-24T18:49:00.001+05:30

In business every organisation formulate their strategies and implement. Transparency is essential in every stage so that it would attract more number of investors who would like to invest their hard funds. Audit ensure that organisation is utilizing the funds in appropriate manner.
In business strategy transparency and audit must be included.

Creative people retain strategy

2008-08-24T08:04:00.002+05:30

HR is the core in any business strategy. An effective HR Management is needed to in order to increase the efficiency and reduce staff turnover.
Managing creative persons required mature and authority. Creative people required to meet the demand in the market. Business success is also depended on the creativity of the organisation.
Creative people must know the values and boundaries that are exists. Any business activity even though may be creative but it should not be contributing negative impact on society. Social Corporate Responsibility ensure Business strategy is contribute their benefits to larger society

Growth Strategy

2008-08-23T20:16:00.003+05:30

As part of of growth strategy Arcelor Mittal company acquired 'Concept group' a US based company. In global market where competition is very high especially in steel industry. Business strategy would be more number of acquisitions may take place in order to reduce the cost of steel. As of now the raw material cost in steel industry continues to soar.

google success

2008-08-23T20:10:00.003+05:30

Google is not un-know name in Internet. Any layman identifies Google with their best quality service. Business success attributed mainly their strategies that ensure good service and quality. As per latest survey about British band wagon Google tops the list. Their worth is around $8,610 crores.

Innovation and their inclination to reach every Internet user is a good business strategy. Leadership is contributed further to reach that top rank.

strategic qualities

2008-08-20T20:14:00.000+05:30

It is noted that the following points required for any strategy either business or personal plan

Passion: For any business or profession there should be a passion. Passion it some thing that self decided factor

Commitment: Commitment is essential for any strategy

People : Strategy need to be people centered

Leadership: Strategy required a disciplined leadership.

Business or profession should consider the above points while formulating strategies.

TQM strategy

2008-08-19T09:06:00.001+05:30

Every strategic management is aimed at to win over its competitors. Total Quality Management is an organisational philosophy that push the organisation to enhance customers satisfaction at maximum level and ensure that organisation operational efficiency at highest level.

In early 70s TQM and Japaneses products are synonyms. The management is keen to promote TQM in their products. Japan based technological companies defined customers need based total quality. TQM was a business strategy adopted by them. Many companies know for the best quality products i.e Sony,Canon and Toyota.

Business strategy need to consider many aspects TQM is one among those.

Brand strategy

2008-08-18T09:01:00.001+05:30

when a smaller brand business companies enter in to global market they face dilemma whether to go for aggressive marketing or keep in low profile. Competition is un-avoidable, but a clear strategy in need to face such competition.

Positioning a brand in a global market is a challenging task. It requires a well established strategy formulation and implementation.

World record strategy

2008-08-17T10:52:00.000+05:30

Usain Bolt is a familiar name in world of athletics. Creating history is a joyful movement for any person. 9.69 sec finishing 100 meters is unimaginable. Bolt has done it. He has been practicing and put enormous efforts to this rare fete. His dislike on long run pushed his strategy to focus on short run.
Strategy yielded best result for him. It is for sure that any success in depend on formulation of strategy.

Gobal Competition

2008-08-17T07:55:00.000+05:30

Globalization taking business competition to new sphere. All business management eying on new innovation and techniques. Many organisations success reveals that hiring high talent people, creating joyful environment and visionaery leadership are the top 3 aspects to take any organisation to be top in the list.

Strategy for market share

2008-08-16T07:34:00.000+05:30

Globally there is a stiff competition in consumer durables. Many giants are trying to expand their share. L.G India has been progessing very much. Thier sales in A/C segment is up by 32.5% and in refrigrator segment sales up by 36%. Now company formulated new global strategy to cater the needs of higher value consumers since purchasing power in metros and big cities has gone up.
The reason for this success can be attributed to thiere strategic planning. A decade ago where japanese techonology was dominating the electronic segments. Today number of other player are in ther fray. As part of their business strategic management customers feed back which is the prime source to improve their installation capacity and providing best service. Branding is another area where their strategy to beat the existing market leaders. As part of HR strategy they have adopted work-life balance so that staff would enjoy working in LG. Leader ship played a vital role in success

Globally Integrated Enterprises

2008-08-15T12:36:00.000+05:30

Globally integrated enterprises is new global business strategy. This strategy is aimed at procuring expertise and economics globally. As this strategy expending good start flooding in the global market with least cost. Massive production helped the producer to reduce the cost.
G.I.E made sweeping impact on supply chain.Goods manufactured on nation, but sold in other country with the label tag of different country. Flip side of this strategy is that quality of the goods is questionable as primary source of that product may not adhered to the standard norms.

Functional strategies

2008-08-15T07:25:00.001+05:30

The true success of an organsiation dependsupon effective formulation and implementation of strategies. There is a need to understand the hen and egg dilemma whther strategy follows structure or structure follows strategy. Strategy formulation and implementation depicted on a matrix. A successful of business heavily depend on the perfect strategies. So far all success either in business or profession reveals that strategies that are outlined executed in right spirit. On the other hand bad strategies which are implemented without proper direction yielded bad results.
Some times a bad strategy, but implement in good manner may produce desired results.
Designing sound organsisationa; structure would enable strategist to accomplish the implementation of strategy in a proper way. There are four types of organisational sturcures namely fuctional,divisional,strategic business units and matix resources.
Irrespective any the nature of the business and size there exists the structure. Structure facilitates the organisation to implement the strategies which were formulated to achive the business objecives.

different strategy

2008-08-14T09:22:00.000+05:30

Michael phelps echoing name in beijing olympics2008. A person who had identifiyed as A.D.H.D( Attention deficit hyperactivity disorder) is in headlines. He may be not be good at academics, he does not want to do the routine things. The strategy he applied in swimming especially in butterfly where erratic movement fetched the time to take breath. In free style he capitalised his behaviour towards advantage. Stragtegy is underlayed in every success.
So in business any disadvantage can be carved as advantage.

WIPRO strategy

2008-08-13T09:48:00.000+05:30

When you visit WIPRO site you can notice" Human values,Integrety, innovation drives us" it shows how a business entity is keen on thier strategy. The core of any business is to reach their customer with lease cost. Cutomer satisfaction is integral part of business activity.
Wipro which is a pioneer in indian market with a turnover is around $23,724 million is a successful company due to their clear vision and objectives. The fact is that they have been marching ahead with clear determination and a focus. It show theire intensity to win where customers satisfy with prodocts. Innovation is like perinial process.
They set examples for many business enterpreneuors who would like to test their business skills and knowledge.

Over come Inflation- strategy

2008-08-13T06:33:00.000+05:30

Inflation is common phenomenon in any economy. During inflation money value in purching sense comes down as the prices of the commodities would go up. Business entities like like,entertinment and financial services provides do get the brunt of this inflation as people try to skip or postpone their spending pattarn. A lay man who may not know scientic way to calcualte the inflation ,but very much aware the prices of the goods would be come dearer.

Inflation is a challenge for the business firms. Unless they have a clear strategy to increase their sales other wise there is a possibility to swept away by the inflation wave.

Inflation affect the investment decisions. You can consider the following points before investing your funds.

Investment should consider the current inflation rate other wise net earning may not be effective. i.e return on investment is on 10% where as inflation rate is 12% the net value of your investment is on the negetive side.

Investment should consider your family consumption. During inflation consumption budget would goup due to in crease in prices.

Inflation period may be your money can be invested in

Blog trafic strategy

2008-08-12T10:13:00.000+05:30

"How to increase trafic to my blog"it is frequently asked question. When you creating a blog to promote your product or services you a need a strategy to achive the objective of the blog. When a blog is set to show your product then it should clearly articulte in your blog what that product to the reader.
In a competetive environment strategy helps to create meaningful ways to achive the objectives. One can do two can do better. Strategic alliance in business is emerging day by day. When a new blog designed person need to check the following poits.
1) Purpose of the blog2) Design of the blog3) Content that would pull the readers.
A blog promote strategy is depends on social networking and campaign.
Money would be geneated when visitors start visitng the blog and get the relevant information.

Strategy models

2008-08-12T07:47:00.000+05:30

Globalization is the order of the day. Compaines need strategic thinking and only by evolving good corporate strategies business can be competetive. A strategic business plan is a comprehensive master plan starting from how the organisation will achieve its business objectives and ways and means to achieve such objectives. Strategy is necessary irrespective of the nature of the business. Business houses which deals with financials services, Venturing , travel and exchange business should focus on strategies.
Strategies is important in view of changing business environment which is dynamic in nature. Environment is depends on socio-policital, technological,legal and demographic changes. Any change in the above may have bearing on the business. Strategy hepls to minimize the competetive disadvantage by forcing to think clearly abbout the mission,vision and objective of the business enterprises
Strategy improves the motivation of the employees and enchance their capabilities in order to take decision which are necessay to carry the business.
Strategy can be divided into 4 levels
Corporate level
Business level
Function level
Operational level
There are 4 approaches in strategies:
Chief Artchitect approach
Delegation approach
Collabarative or team approach
Corporate enterprises approach

Strategy intent

2008-08-11T17:12:00.000+05:30

Starategy intent is a important aspect in business success. Intent can be refered as ambition which is beyond available resources. Strategy intent pushes the oraganisation to fulfil the vision of the organiswation. When CEO who has a great potentioal always motivate every individual who works for the company. Any business may be travel,communication, finance florish with the high strategic intent of the top management.

Advantages of strategies

2008-08-10T09:23:00.000+05:30

Strategy refers to a complex web of thoughts,ideas, insights, experiences, goals,expertise,memories, perception and expectation that provides general guidance for specific actions in a pursuit of particular ends.
Strategies in necessary for adjust and co relate political, economic, technological and physiological factors.
In view of globalization strategy becomes inevitable to survive in all spheres. Strategy facilitate the business house to find out ways and means for their healthy survival, which is arising through thereat and constraints.
Strategy management which can help the management to explore the possible opportunity and at the same time to achieve an optimum level of efficiency by minimizing the expected threats.
Strategy helps to minimize competitive disadvantage and maximize the competition advantage.
In competing environment every business industry has a strategy to fulfill.
Strategy helps the employees to understand the business vision and mission to achieve. Strategy helps the management to take decisions at a appropriate manner in order to achieve organization goals which were set by the top management. While designing the strategies we need to consider internal as well as external environmental factors.
Strategy provides a clear understanding of purpose objectives and standards of performance.

Why Stratey

2008-08-09T14:07:00.000+05:30

Strategy is more than just fit and allocation of resources. It is stretch and leveraging of resources-Prahalad 1993

Strategy plays an important role is success irrespective of whether it is personal or business life. A well defined strategy helps to allocate available resources effectively and efficiently.

Strategy is application of different techniques to achieve the desired results. In a business spectrum the top management or CEO of the business outlines the strategies.

Strategy is depend on the following points:

Vision
Mission

Stage of the business i.e Infant, Growth, Stability and decline

Strategic approach

2008-08-09T12:18:00.000+05:30

Human behaviour is such that it tends to imitate. It would be better to place a successful person photo graph or a inspiring quotation can be placed in front of your table or drawing room. Strategy is to gain confidence as well as stimulate to achieve self goals.

environment

2008-08-06T19:56:00.000+05:30

There is an idiom that even while throwing coins into the sea need to count. That means calculation is an essential element in business. In business every movement need to be calculated as environment is very dynamic. A prudent business person applies a common sense.

olden days

2008-06-16T09:33:00.000+05:30

I keep six honest serving men. They taught me all I know. Their names are What,Why,When,How,Where and Who- Rudyard Kipling

Strategy is essential for every living things. In case of human since time of born to death need number of strategies to lead the life.