NEWS Making Strategy

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

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

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

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

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

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

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

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

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

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.