Strategic Management Case Study Example | Topics and Well Written Essays - 1250 words

Strategic Management - Case Study Example Tim-BR-Marts need to develop a combative strategy and develop it fast. Any company do not have a strong strategy will lose the competition. To start the planning the analysis of the problem is most vital way to solve it. Management Processes: Tim-BR-Marts Ltd has management process, which is a process of planning and controlling the performance or execution of their business. This include: 1. Decision making processes A decision-making arises in Tim-BR-Marts because a manager is faced with a problem and another courses of action are available. So manager do study the following: a. Type of information used in decision making In deciding which option to choose, the information is very important to choose which decision to fallow. Also manager do have information relevant to his decision, and manager must have some principle on the basis of which he can choose the best alternative. Tim-BR-Marts know how many competitors are there in the market? What are the strong properties and what we ak area that they have? 1. Firm overhead Time-BR-Marts managers know overhead which all non-labor expenses require to operating such business. How many stores, electricity bills, and phone bills. All these expenses are knew by the manger. 2. Negotiation prices Negotiating on price became a factor in getting the scene to agree to deals. Tim-BR-Mats have competitive advantage of negotiation price. 3. The North American Free Trade Agreement (NAFTA). This agreement gives good advantage to all component of lumber market. 4. Tim-BR-Marts has defensive strategy Defensive marketing warfare strategies are a type of marketing warfare strategy designed to protect a company's market share, profitability, product positioning, or mind share. Many companies in Tim-BR-Marts territory have attacked Tim-BR-Marts. There is many ways that Tim-BR-Marts to defend their market by principles involved: Always secure an attack with equal or greater force. If Tim-BR-Marts competitor plans to open more stores, Tim-BR should find better places to open new stores. Defend every important market. Be forever vigilant in scanning for potential attackers. Assess the strength of the competitor. Consider the amount of support that the attacker might muster from allies. The best defense is to attack you. Attack your weak spots and rebuild yourself anew. Defensive strategies should be the exclusive domain of the market leader. 5. Market Share Market share analysis is an important part of market analysis and indicates how well Tim-BR-Mart is doing in the marketplace compared to its competitors. b. Decision time frame Competitors are expanding quickly into Canada market. Price negotiated yearly. c. Level of inclusiveness in process autocratic Reduce the stress among managers and employees A more productive group while the leader is watching the growth. 3.Tim-BR-Marts has only two who make the decision. 4. Employees need quick and accurate action instead of obstacles and delays and wait only for two m anagers to make decision. 5. Employees with decision-making permission, save company time and increase client satisfaction. To solve that by 1. Local meetings 2. Business and the mission need of inclusiveness, employees help to achieve the mission, all member of the firm should adapt to the changing. E. Bounded rational model Use the knowledge that they have to the best of their abilities. Define the situation/decision to be made Identify the important

Political Considerations and Managing Political Risk in an Ever Research Paper

Political Considerations and Managing Political Risk in an Ever Evolving Global Marketplace - Research Paper Example This paper declares that the increased rate of globalization throughout the world has created a dynamic in which decision-makers within international business must consider able to factors as a means of continuing to expand the markets in which they operate and generate an even higher level of profitability. Ultimately, even a cursory level of business analysis reveals the fact that a company which does not focus itself on development and expansion will ultimately collapse and become nonviable. As a direct interpretation of this, it is necessary for firms to be international in their scope and to continually attempt to broaden the overall level of consumers that they are able to engage with. As the paper stresses recognizing how to manage political risk while conducting international business is an essential element that managers should be able to comprehend and understand. Without this understanding managers will be at a disadvantage and will place themselves at risk and even in harm’s way if they are not careful. Political landscapes shape businesses that operate overseas. These landscapes must be navigated carefully and with ethics in mind. Strong core values will be essential to their success. An effective understanding of â€Å"political risk† can be effected through an appreciation of societal organization; specifically the means by which the rules of law, or lack thereof, define the way in which a given region might be represented.