Strategic Management Paper Chapter Essays

Strategic Management Paper Chapter Essays Strategic Management Paper Chapter Paper Strategic Management Paper Chapter Paper This can affect company performance in the long run especially if people will patronize the new entrants. Rt 3 Despite the entry of new competitors, Jollibee has been insignificantly affected because of its scheme of buying competitors and assimilating itself into the Company group. 06. There is an opportunity for competitors to agree upon a price ceiling to be able to maintain their customers. Wt = . 09 To maintain customers is to ensure that product prices are kept to an affordable value considering the competition. New products are normally created that are priced to a minimum to attract customers. Rt = 2 Jollibee has maintained that prices of new products are kept abreast with competitors. By doing this, the threat of new substitute products are minimized because pricing is adapted to address the potential threat. other fast-food products to satisfy their wants in terms of food service. Wt = success largely depends on its customers and their buying power. Rt = 3 By lowering food prices, Jollibee continues to address this disposable income rise so as to maintain constant or growing sales. By lowering prices, Jollibee attracts customer who can buy more in their stores compared to ther competitors. T2. Varying consumption patterns may lead consumers to find alternative food products other than that which Jollibee may offer. Wt= . 06 The growing taste of consumers affects the sales of companies for they continue to seek out new products offering a new taste. Nonetheless, almost all food chains do not significantly differ in product offering. Rt = 3 By continuous innovations of product development, Jollibee does not significantly lose in this threat. They are able to address the growing demands for new food products. T3. With more international franchise store entering the Philippines, consumers have a lot option to decide where to go sizeable exposure to multinational fast food chains, high-end dining. Wt= . 07 Globalization is imminent and the Philippines is a good place to start developing a new food business. Filipinos are basically food enthusiast with colonial mentality preferring foreign based chains over local ones. Rt 2 Jollibee has quite failed to address the influx of new and foreign competitors. It has stuck with its brand of promoting Filipino-oriented fast food until now. T4. Jollibee faces a huge market competition due to the fact that these two (McDonalds and KFC) chains are internationally-based and is rapidly expanding and are already established within the country. Wt = . 09 McDonalds and KFC are Jollibees biggest competitors in the country. Both have the resources to play step-by-step with Jollibee in terms of resources and product development. 4 Jollibee has stepped up efforts to compete head-to-head with these two giant ast-food chains by rigorous product development and innovation. The key is continuous progress and quick response to the needs of its market. T5. Lack of new entrants to the industry results to higher competition among existing and established businesses. Wt= . 08 There are little entrants in the caliber Of Jollibee, McDonalds, or KFC in terms of fast-food chain. Therefore, the competition is narrowed among the three big competitors. Rt = 2 Repsonse is basically the same as previous threat. Jollibee has stepped up efforts to compete head-to-head with these two giant fast-food chains by igorous product development and innovation. T6. Higher competition is expected due to the threats brought by substitute products. Wt = . 09 The fast-food industry plays on product innovation and development. Lagging into these will result in reduced sales output of fast-food companies. Rt 4 Jollibee has addressed this continuous progress and quick response to the needs of its market. B) Competitive Profile Matrix (CPM) A competitive profile matrix compares a company and its rivals. The matrix reveals strengths and weaknesses for each company, and critical success factors show areas of success or areas for improvement. Understanding a few key elements of a competitive profile matrix will help with interpretation. Jollibee McDonalds KFC Critical Success Factors Score 1 . Advertising . 4 0. 4 2. product Quality . 05 . 15 0. 15 0. 2 3. Price Competitiveness . 3 . 9 0. 9 0. 6 4. Management . 2 5. Financial Position 6. Customer Loyalty 0. 3 7. Global Expansion 8. Market Share 1. 2 Total: 100% 3. 57 3. 35 2. 65 4 = Major strength where the response is superior, 3 = Minor strength where the response is above average, 2 = Minor weakness where response is average, 1 = Major weakness where the response is poor. In the Philippines, it is evident that Jollibee is the leading fast-food brand overall. Although McDonalds is very close and KFC maintaining a good distance not to be left out, Jollibees SUCceSS is evident as against the other competitors largely because it is a locally-based firm unlike the other two which are internationally based. CSFI . Advertising Weight = Jollibee uses different strategies often seeking to generate increased consumption of their products or services through branding, which involves associating a products name or image with certain qualities in the minds of consumers. Jollibee Rate = 4 Jollibees revenue shoots up because of its strong marketing programs emanating from the Langhap Sarap motto. McDonalds Rate = 4 McDonalds invests on their marketing programs as well, ranging from its first, drive † thru facilities, the McSavers value meals and Happy Meals, and the introduction and re-launching of various McDonalds products. KFC Rate The chain is well known for the finger lickin good slogan which makes it such a household name in the fast food chain industry as well. CSF2. Product Quality CSF Weight = . 5 Most business, such as Jollibee, that produce goods for sale have a product uality or assurance department that monitors outgoing products for consumer acceptability Jollibee Rate = 3 Jollibee has a strong understanding of Filipinos taste and preference as well as it is high quality with a tailored menu specifically for Filipinos. McDonalds Rate = 3 McDonalds is committed to provide customers with high quality products as well KFC Rate = 4 W hile KFC is known for its Quality Management Program as its standards for product quality exceeds the customers expectations. CSF3. Price Competitiveness weight = . 3 Competitive pricing is used by Jollibee often because they sell similar roducts to that of McDonalds and KFC, since services can vary from business to business while the attributes of Jollibees products remain similar. Jollibee Rate = 3 Its price competitiveness is lower than that offered by the competitors, or the price is made more attractive because of added incentives, such as longer payment terms. McDonalds Rate 3 McDonalds also offers food at prices that cannot be easily matched by other competitors thus making this an advantage. KFC Rate = 2 KFC uses this pricing strategy as well but compared to Jollibee and McDonalds, its approach to this strategy is less aggressive compared to the ther competitors. CSF4. Management weight = . 05 It is evident that the company uses effective and efficient planning strategies from goal and objective setting hierarchical structure to duty delegations and job specifications. Jollibee Rate = 4 Jollibee always makes sure that all aspects of the day-to-day running restaurant, from sales and operational management to budgetary control and team development. We are looking for leaders who will maximize the potential of the Restaurant and deliver exceptional resu Its through their people. McDonalds Rate = 4 McDonalds has provided the same techniques with regards its management. KFC Rate = 4 ike Jollibee and McDonalds, KFC hires the right candidates to manage its operations and strategy planning. CSF5. Financial Position The company is consistent with an increasing trend in terms of revenues, operating costs and expenses. Jollibee Rate = 4 Jollibee is in a secure financial position. However, improvements are needed in some areas for the company if it intends to grow. McDonalds Rate 4 It is discovered that efficient operations, strong short and long term solvency position, high profitability, highly loyal customer, broader ne?ork expansion nd the value adding menu are major factors Of its successful financial position. KFC Rate = 4 KFCs escalating ratio is a result of the higher increase in sales over its cost of sales and operating expenses, leading to a higher income before interest and taxes. CSF6. Customer Loyalty Weight Jollibee nowadays have capitalized making their loyalty programs, which often gives benefits that also cost a little, but it carries with them an assumed prestige. Jollibee Rate = 4 Instead of targeting all customers, Jollibee only needs to target new customers in order to grow their business. Their customer loyalty is an easily efendable qualitative factor, so competing institutions will have a difficult time overcoming it. McDonalds Rate † 4 McDonalds may not have Jollibees high Customer Loyalty but it does instil brand loyalty in customers as regards to introducing Ronald McDonald as its clown mascot. KFC Rate = 3 KFCs strategy in gaining Customer Loyalty actually targets the youth and the company focuses more on innovation. CSF7. Global Expansion Jollibee is aggressively entrusting its expansion both locally and globally which in the long term, more and more of the profit growth will come from franchising. Jollibee Rate = 2 Unlike its other competitors, this company has little exposure to competition with foreigners and has limited markets with overseas Filipino communities. McDonalds Rate 4 McDonalds adaptation to the local culture in every country is the way they have managed to successfully provide Global Expansion. KFC Rate = 4 Same as McDonalds, KFC has proven its ability to expand globally along with its diverse strategies. CSF8. Market Share Weight = . 3 This fast food chain not only to win the market share of fast food customers, but also to dominate the Quick Service Restaurants (QSR) industry in the Philippines. Jollibee Rate = 4 Jollibee now controls 18% of the market in Metro Manila, handily beating McDonalds which is said to only have 10% share of the market. McDonalds McDonalds is the worlds largest food service organization. McDonalds holds more than 40% share of the US fast-food burger market, many times the share of its nearest competitor. However, in the Philippines, Jollibee is considered as having more market shares. KFC Rate = 2 KFC is currently sharing its market to brands like McDonalds and Jollibee for under Chicken Dishes category, garnering at least 30% of its share. KFC is more focused on investing in advertising. C) Internal Factors Evaluation (IFE) Matrix This strategy-formulation tool summarizes and evaluates the major strengths and weaknesses in the functional areas of a business, and it also provides a basis for identifying and evaluating relationships among those areas. Intuitive judgments are required in developing an IFE Matrix, so the appearance of a scientific approach should not be interpreted to mean this is an all-powerful technique. A thorough understanding of the factors included is more important than the actual numbers.

Discuss a portion of the clip Essay Example | Topics and Well Written Essays - 250 words

Discuss a portion of the clip - Essay Example Firstly, the film producer relies on music to place the film in its immediate context. Application of Nazi anthem illustrates the political era depicted by the films plot. The filmmaker intends to illustrate life in the midst of wars and political revolutions. Thus, the clip applies music to illustrate the thin boundary that exists within emotions. The clip illustrates romance that flourished in the midst of war and anguish. Despite the immediate political situation, the characters purposed to maintain their romantic relationships. La Marseillaise is the French national anthem and it stands out as a symbol of love and harmony throughout the film. Finally, the film uses sound tracks or music to enhance interest among its audience. The use of popular music such as the French national anthem makes the audience associate themselves with the film, hence increasing their interest. Both pieces of music illustrate different points of view among the film’s

Is Racism and anti-Semitism still a problem in the United States Essay

Is Racism and anti-Semitism still a problem in the United States - Essay Example The country has literally shed blood of innocent civilians to fight for few basic rights that are God-given. Racism and anti-Semitism are prevalent in American society due to enactment of affirmative action, ethnic profiling post September 11, and the vague existence of the KKK. Racism and anti-Semitism still exist in American society due to the fact that affirmative action legislatures were enacted to give minorities an opportunity for employment. Affirmative action, are set public policies that are specifically designed to help diminish racism and prejudice based on race, color, religion, sex, or national origin, is under attack(Morris, 2011, p. 25). After the blood shed and citizen after the civil war, Congress passed the Thirteenth Amendment to the Constitution, which abolished slavery (Morris, 2011, p.30). In addition, the Fourteenth Amendment guarantees equal protection under the law while the Fifteenth Amendment declines racial discrimination during elections. However one must wonder, even with all the legislations enacted, discrimination continues to be the focal point in society. Clearly, the 1866 Civil Rights Act guarantees every citizen "the same right to make and enforce contracts ... as is enjoyed by white citizens...† Thus, how is that African Americans and other minorities continue to struggle to find employment and are deterred from entering academic intuitions (Morris,2011, p.34)? Clearly, anti-affirmative action enables minorities to be embedded in the work and schools so society does not discriminate against them. Keeping everything in constant, the American society is designed in a way to protect White workers against job layoffs since majority of the executives in the American Society are dominated by male executives. Hence, racism becomes a â€Å"sparking fireball,† as many Americans feel as if they would be unemployed as minorities will continue to take their current posts. Evidently, the root cause of job displacement that W hite workers face with have to do with corporate decisions to downsize, and labor outsourcing internationally along with, computerization and automation. Downsizing. The small majority of minorities that do occupy an outstanding position often become key victims of hatred and discrimination. While substantial gains have been made to promote minorities, women and African America; the smaller groups continue to be harshly faced with discrimination and prejudice in the corporate world. Undoubtedly, the enactment of affirmative action legislature, companies confirms that racism and anti-Semitism are still prevalent in society. Another vital reason why racism and anti-Semitism no doubt continue to still exist in American society is due to the fact that ethnic profiling plagues society even in the modern 21st century. Prior to September 11, immigration laws were somewhat moderate as many immigrants from Asia and Middle East continue to migrate to America for jobs. As the World Trade Cente r fell, citizens of America were scared and horrified. Twenty-five days later, still reeling with shock, the government quickly took decisive action to make Osama Bin Laden, leader of Al-Qaeda to be responsible for the attacks. Bin Laden was part of an Islamic conservative group that believed in implying sharia. Thus, Muslims become the focal point of issue in society. After the September 11 attacks, many people became interested in Islam, yet the government discouraged the public from learning about different viewpoints (Friedman

Critical Case Study Exploration by Using Gibbs Model Essay

Critical Case Study Exploration by Using Gibbs Model - Essay Example 3). On top of the sustained practice, it is also necessary to avoid relying on a single learning strategy. For instance, a student can incorporate both visual and verbal methods in learning. Student can hold discussions with fellow students thus brainstorming what they have learned in class (Davis 2009, p. 21). Studies have exposed the significance of discussing with fellow students what one has learned in class. The last but not least strategy that can improve the failing student’s performance is the incorporation of practical sessions in the syllabus. It is impractical for a student to attain success by holding to the effective learning strategies only. Therefore, alongside such strategies, it is requisite for teachers to devise effective teaching strategies for purposes of augmenting the student’s performance. The Constructivist teaching is one of the current teaching strategies allowing students to examine what they are familiar with, thus making knowledgeable decis ions on the learning content. Moreover, the inclusion of some practical lessons in teaching is crucial, in enhancing a student’s understanding of the course content. This section will utilize Gibbs (1998) reflective model to answer some questions related to the case study. For instance, the first question demands that I identify my thoughts and feelings from the given case study. It is apparent that the student’s performance in the placement has tremendously declined. Prior to commencement of the program, I had a strong feeling that she would depict a high level of understanding for the subject. The result of my thought would be because she seemed kind and caring for patients. However, after the program commences, it is clear that I am totally mistaken because of incompetency demonstrated by her (Bulman 2004, P. 2). Therefore, her inefficiency in whatever she engages herself in makes me think of the possibility of poor learning and teaching practices. Her inability to prioritize the patients’ needs has shown her high level of incompetency. For instance, the student’s inability to relate the class theory to the practical is a clear indication of ineffective teaching, as well as learning methods. In my scrutiny, the student nurse ought to take their class work serious thus depicting a high level of competency in class work. Therefore, the case study indicated that nursing students did not dedicate their efforts to learning. I thus propose that, for an effective performance, the instructors ought to integrate teaching strategies that allow for the student’s active participation. The main reason behind the declined level of incompetence is due to the standardized examinations, which students must sit for in determining the level of qualification. Sources have shown that, it is only after a nursing student excels in such exams that they attain the acquiescence to deal with patients. Those who fail to excel in such exams ought to r etake them until their verification by the authorities. The literature also illustrates the issue of nursing incompetence in the stagnated, as well as the developing countries. Poor teaching strategies are the main causes of the decline in performance. Furthermore, the policy that aids in the examination of nursing qualification is erroneous thus a high level of ineptitude (Iyer 2001, p. 4). Therefore, the concerned authorities have implemented strategies

Postmodernism and Theory Essay Example | Topics and Well Written Essays - 1000 words

Postmodernism and Theory - Essay Example The essay "Postmodernism and Theory" explores the movement of Postmodernism. To a large degree, postmodernism is focused on an examination of reality versus unreality, discovering in the process that there is more blurred areas between the two than there are clear distinctions. These ideas are discussed through several works including Baudrillard, Mulvey and Nochlin.Introducing the idea of the simulation, Baudrillard says that we have come to a place where the false precedes the real. In addition to discovering that the simulation no longer matches the real, Baudrillard says it has gone farther, reducing everything down to miniature and making it hyperreal, something that exists in and of itself, with little to connect it to the original. The real, in this system, has become little more than a series of signs that stand in its place. The danger with simulacra as opposed to representation is that representation starts with the idea of the real within the representation while simulatio n wraps around the representation and calls everything false. Disneyland is used as an example of how the imaginary happy social world contained within its gates as opposed to the isolation of the parking lot masks how the world we believe to be America is just as falsely envisioned. "It is always a question of proving the real by the imaginary; proving truth by scandal; proving the law by transgression; proving work by the strike; proving the system by crisis and capital by revolution†. This same concept is traced.

Questions on Economics Essay Example | Topics and Well Written Essays - 1250 words

Questions on Economics - Essay Example The prevailing trend, however, is that the traditional or mainstream approach in economics could be considered outdated. Though it still should remain in the toolset of an economist, the emphasis on rationality as a means to solve modern market debacles may produce variable results. Herein, some of the strengths and weaknesses of the mainstream approach will be suggested. Likewise, the origin of the mainstream approach, and the knowledge that could be reaped from the utilization of some alternative approaches will also be pondered. If we are to offer a definition for what is meant by the mainstream approach in â€Å"economics [we mean] microeconomics† (Coase, 1998, 72). In other words, the mainstream approach is that ideology that was derived from the teachings of Adam Smith. In general, it is a viewpoint that favours limited government involvement, and the notion that market conditions fluctuate naturally and that rationality will balance the said. A few weaknesses of the lai ssez-faire view though include the fact that an extreme condition of â€Å"decentralization† would be required in its pure form, and also that it simply analyzes the price points of supply and demand, as opposed to evaluating the â€Å"factors† which influence these (Coase, 1998, 72). ... A more proper manner of discerning the status of microeconomics is that the â€Å"evidence/theory ratio†¦ is currently very low in this field† (Holmstrom & Tirole, 1989, 126). Thus, the ideal world is in discord with how real world reactions unfold, according to measurable economic aspects. Williamson (1994) calls out some additional weaknesses of the mainstream approach as he condemns â€Å"exclusive reliance on local or specific knowledge† (Williamson, 1994, 324). Rather than calling for an abolition of the limited micro-focus and following a broader approach, he recommends â€Å"appealing to both invisible- and visible-hand explanations,† thus this scholar could be classified as a moderate economist (Williamson, 1994, 323). Henry & Miller (2009) conducted an interesting analysis, wherein they present the platform that the â€Å"rich countries† are home to more stable economics since they â€Å"have incentives to engaged in productive economic acti vity† (Henry & Miller, 2009, 261). Easterly (2008) likewise supports the notion that rich countries will tend to outperform the poor who lack much of the foundational structure needed for economic success. Some of these so-called â€Å"incentives† refer to the heightened protection offered to would-be investors from the framework of â€Å"English common-law,† not to mention that such economies are â€Å"less prone to government ownership† (Henry & Miller, 2009, 261). As compared to the mainstream economic view, of Adam Smiths’ ideals, these pair would be quite opposite and perhaps in possession of a radical view that â€Å"macroeconomic policies† can exert a massive influence on the economy, especially when carried out at the institution level (Henry & Miller,

Postmodernism and Theory Essay Example | Topics and Well Written Essays - 1000 words

Postmodernism and Theory - Essay Example The essay "Postmodernism and Theory" explores the movement of Postmodernism. To a large degree, postmodernism is focused on an examination of reality versus unreality, discovering in the process that there is more blurred areas between the two than there are clear distinctions. These ideas are discussed through several works including Baudrillard, Mulvey and Nochlin.Introducing the idea of the simulation, Baudrillard says that we have come to a place where the false precedes the real. In addition to discovering that the simulation no longer matches the real, Baudrillard says it has gone farther, reducing everything down to miniature and making it hyperreal, something that exists in and of itself, with little to connect it to the original. The real, in this system, has become little more than a series of signs that stand in its place. The danger with simulacra as opposed to representation is that representation starts with the idea of the real within the representation while simulatio n wraps around the representation and calls everything false. Disneyland is used as an example of how the imaginary happy social world contained within its gates as opposed to the isolation of the parking lot masks how the world we believe to be America is just as falsely envisioned. "It is always a question of proving the real by the imaginary; proving truth by scandal; proving the law by transgression; proving work by the strike; proving the system by crisis and capital by revolution†. This same concept is traced.