Law Of Success Napoleon Hill Pdf - forces and Trends in business
Hello everybody. Now, I discovered Law Of Success Napoleon Hill Pdf - forces and Trends in business. Which could be very helpful in my experience and you. forces and Trends in businessThe corporate environment is characterized by a whole of variables: competition, dynamism, turbulence, complexity and change. All organizations must compose quality to continuously and consciously transform themselves and their contexts. Such contexts comprise restructuring for optimum effectiveness, reengineering key processes and streamlining functions that are able to supply a source of competitive advantage. The aim is to adapt, regenerate and most important, survive. (McLean, 2006).
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For a business to thrive today, strategists must find ways to increase the organization's quality to read and react to industry and market changes. They must know their goal to boost the company's strategic flexibility by recognizing disruptions earlier and responding faster.
Strategic flexibility or adaptability can be defined as the organization’s capacity to recognize major changes in its external environments, quickly commit resources to new courses of operation in response to such changes, and to recognize and act promptly when it is time to halt or reverse existing resource commitments. Being adaptable means leaders must not get stuck in a too-rigid way of seeing at the world. The club must view change as an certain and indispensable part of an organization's growth, in order to achieve this adaptability.
When there is uncertainty or unpredictability in the environment, managers tend to focus almost all their vigor on successfully executing the current strategy. What they also should be doing is establishment for an unknown future. Flexibility stems from the quality to learn; managers tend to overlook the negative and emphasize the positive. They need to understand not only what led to the certain outcomes but also what led to the negative ones. This will optimize their learning experience. Agreeing to Ford (2004) four points to nurture and enunciate adaptability comprise inspiring complacency, giving all employees a voice, encouraging participative work and driving fear out of your group.
The companies chosen for this task vary by industry: a famous automobile manufacturer (Ford) a bank going straight through a merger (Compass) and a start-up software business (DawningStreams). Ford and Compass have been in business for a long time; it is likely they have changed their strategic plan based on changing soldiery and trends. DawningStreams is new (established in 2005 and incorporated in 2007). Even though they have not had their first sale and have no staff, the owners have devised some iterations of their strategy.
There is a diversity of stakeholders all that are interested in the operation of business organizations. Emphasis must be located on their adaptability in strategic diagnosis and their adaptability in strategic management of business organizations. The club must have a strategic management model.
Each business might scan the same areas, but for distinct reasons. inspecting technological advances, Ford would prepare itself to lead the market by having varied electronic tool in their vehicles, as well as robotic tool with which to build them and the supply chain technology to keep all in check. Compass Bank is going straight through a merge and expanding globally; therefore they will need to keep abreast of transportation technology. DawningStreams is a software company; they will need to monitor those companies who would be their competition to ensure their stock offers better functionality. All three companies would make sure inherent customers would be able to get good information from internet websites and advertisement, which encompasses yet another area of technology the organizations may need/want to scan. In this instance, many members of the club must be enrolled: upper management and finance, who will decree budgetary factors; the It department, who will be responsible for the implementation and maintenance of some of the technology; the staff who must be trained to use the technology; a sales force who will sell the technology.
To the outside observer, it may seem unnecessary for any but Ford to scan the (actual) environment when it comes to issues such as emission control, fuel efficiency and hybrid cars. That is true however; Compass Bank and DawningStreams can plan a strategy to be friendlier to the environment (and their pocketbooks) by practicing paper discount (through the aforementioned technology). Lastly, DawningStreams’ stock may be beneficial as a file sharing service to environmental groups.
With regard to the legal environment, all three must be acutely aware of laws, which work on their respective industry among others. To Ford, legal applies, among other areas, to environmental safety laws and department of transportation safety laws. To Compass Bank, they would abide by the rules of the Federal support (www.federalreserve.gov) and the Federal assurance and Deposit Corporation (www.fdic.gov). DawningStreams must result laws as they pertain to the exchange of files, which have intellectual asset and also the export of products, which have algorithms. All three companies are global and will need to monitor those laws in other countries, which could result the strategic planning.
At one business after another--from Sears to Ibm to Hewlett-Packard to Searle, strategy is again a major focus in the quest for higher revenues and profits. With help from a new generation of business strategists, companies are pursuing novel ways to hatch new products, expand existing businesses, and create the markets of tomorrow. Some companies are even recreating full-fledged strategic-planning groups. United Parcel service expects to spin out a new strategy group from its marketing department, where strategic plans are now hatched. Explains Chairman Kent C. Nelson: ``Because we're manufacture bigger bets on investments in technology, we can't afford to spend a whole lot of money in one direction and then find out five years later it was the wrong direction.''
In such a world we need a planning model that allows us to anticipate the future and to use this prospect in conjunction with an diagnosis of our organization--its culture, mission, strengths and weaknesses--to define strategic issues, to chart our direction by developing strategic foresight and plans, to define how we will implement these plans and to specify how we will value how well we are implementing these plans. The fact that the world is changing as we move forward in the future demands that the process be an iterative one.
Ford Motor business – Socio-cultural
Ford Motor business embraces the socio-cultural changes taking place to allow the business to move in the right direction with respect to attitudes in the society. Two areas that stand out in terms of socio-cultural attitudes would be that of fuel economy and smaller cars. The growing concern by the group for better fuel economy has influenced the company’s introduction of the Ford fly Hybrid and Mercury Mariner Hybrid. The club is committed to the hybrid to heighten fuel economy as a global strategy to meet customer demands. The increased question in society for such environmentalism has assisted in the decision for Ford Motor business to look forward to adding the hybrid feature to the Ford Fusion and Mercury Milan and continue in such a strategic planning direction.
The customers that use these vehicles get a substantial break on their assurance in many states and a tax prestige as well while enjoying the increased mileage of a car that runs on gasoline and capabilities for 100 percent electric power. The environmental scanning by Ford Motor business has allowed the business to be knowledgeable of the fact that the people in the United States are buying more small cars today than any other type of car segment. The lifestyles changes have been monitored and there is good data that shows that such a trend will continue in this direction and the anticipated increase in this segment will continue. The business has redesigned the inside and outside of the Ford Focus to set the car apart from the competitors in the small car segment while expanding upgrades and features to sense certain outcomes. The direction that the business is taking is based on a competitive benefit and being a leader in the industry. The car line has both a sedan and a coupe to attract targeted markets including younger buyers at an entry level to build upon brand loyalty and customer retention. Ford Motor business will continue to use the socio-cultural factors to drive the business and enjoy future success.
Ford Motor business – Legal –
Ford Motor business with regard to the Environmental safety department adheres to the legal aspect of environmental scanning. Ford Motor business acceptable an award in March 2007 from the Environmental safety department called the vigor Star 2007 Partner of the Year Award in vigor Management. The business is the first automaker to have ever been awarded the award two years in a row. The award has come to be presented due to the commitment made by the business to increase vigor efficiency and to cut the greenhouse gas emissions from all of the facilities in the company.
The club is committed to the responsible use of resources and vigor efficiency. The leadership realizes that the environmental safety laws are of great significance and use the environmental scanning to move in the right direction to fetch future success in the company. In 2006 alone the business has improved the vigor efficiency in the United States operations by five percent and salvage almost million with enough vigor saved to equal 220,000 homes. The effective vigor management protects the environment and reduces the greenhouse emissions. Some of the actions taken by the business comprise replacing lighting fixtures that use 40 percent less vigor and using distinct low-energy, long-lasting compact fluorescent lamps in the properties to comprise the plants, corporate offices, distribution centers, and investigate and amelioration campuses. Due to the environmental scanning that takes place at Ford Motor business the business will use the information that is collected and continue in this direction. New projects for the business comprise Fumes-to-Fuel that is a principles that converts paint fumes into electricity that is being performed with Detroit Edison along with attempting to couple the application of primer, base and clearcoat paint applications into a single application to eliminate the need for cut off applications and ovens. In expanding to the paint booth emissions Ford Motor business will continue to rely on alternative vigor sources such as landfill gas and wind and solar technologies to power their manufacturing facilities.
Ford Motor business – Technology –
Another environmental scanning tool that Ford Motor business monitors and uses would be the technological portion. The business has invested billion in the latest technology for flexible manufacturing. The technology that is complicated is in many forms to comprise wireless technology that is installed on the delivery trucks with supplies to the plant as a monitoring status and improved efficiency to cut inventory. The flexibility of products in the same plant allows the club to use the same machinery and process for all areas from body assembly, paint facility, and final assembly. The improved efficiency at the manufacturing installation allows for some car platforms to be built on the same line to yield manifold models and quickly change the car mix, the volume, and options based on customer demand.
The technological changes that are being embraced by Ford Motor business straight through environmental scanning enables the business to sense huge cost savings straight through new stock launches and 50 percent reductions in cycle changeovers along with waste reduction. Robots are among the technological changes that are being experienced within the club to comprise the 400 from the scheme that are used to weld and assemble the metal body of the car for stamping and assembly. synthetic brain in the form of developed visions systems and laser tracking systems are used to ensure quality straight through accuracy and size abilities. A multi-million dollar training installation is used to ensure that the workforce has the knowledge, skills, and quality to reap the benefits from the new technology that is being used by the company. The training that is administered includes the new servo-electric weld gun principles that identifies the excellent town for welding that has supplanted the older and loud air-powered principles that used a less sophisticated spring system. The environmental scanning of technology that is performed by Ford Motor business has allowed the business to have certain outcomes in efficiency while remaining a competitive business in the industry straight through cost savings and continuous improvement.
Compass Bank- Political -
On February 16, 2007, Compass Bancshares, Inc., the parent business of Compass Bank, announced the signing of a definitive trade under which Banco Bilbao Vizcaya Argentaria, S.A. (Nyse: Bbv Madrid: Bbva) ("Bbva") will fetch Compass for a mixture of cash and stock. Compass will become a wholly owned U.S. Subsidiary of Bbva and will continue to control under the Compass name. The transaction is anticipated to close while the second half of 2007, pending original conclusion conditions, including indispensable bank regulatory approvals in the U.S. And Spain and the approval of the stockholders of both Compass and Bbva.
Bbva, which operates in 35 countries, is based in Spain and has substantial banking interests in the Americas. The transaction will facilitate Bbva’s prolonged increase in Texas and will create the largest regional bank across the Sunbelt. Upon completion of the transaction, Compass will rank among the top 25 banks in the United States with almost billion in total assets, billion in total loans and billion in total deposits. In addition, the combined business will rank fourth in deposit market share in Texas with .6 billion in total deposits and 326 full-service banking offices.
Compass is a billion Southwestern financial keeping business that operates 415 full-service banking centers in Alabama, Arizona, Colorado, Florida, New Mexico and Texas. Compass provides a broad array of products and services straight through three original lines of business – Corporate Banking, sell Banking and Wealth Management. Compass is among the top 30 U.S. Bank keeping companies by asset size and ranks among the top earners of its size based on return on equity.
Under the terms of the definitive agreement, which has been beloved by the board of directors of Compass and the relevant bodies of Bbva, Compass will become a wholly owned subsidiary of Bbva. After closing, Bbva intends to merge its U.S. Based banking affiliates – including the former operations of Texas Regional Bancshares, State National Bancshares and Laredo National Bancshares – with Compass.
The mixture observation is composed of a fixed whole of almost 196 million shares of Bbva common stock and almost .6 billion in cash. The merger is subject to original conclusion conditions, including indispensable bank regulatory approvals in the U.S. And Spain and the approval of the stockholders of both Compass and Bbva. The transaction is anticipated to close in the second half of 2007.
The merger in the middle of both companies will be determined by the political factors fluctuating from implications of laws and regulations to the state of world politics including the observation of wars which may be going on in distinct parts of the world. New laws, regulations, tax programs and group policy create soldiery and trends, which may supply challenges and barriers or opportunities for any business or organization.
Compass Bank – Technology –
Ford is in the process of implementing a laser marking principles on its output line to ensure the highest acceptable on each transmission assembled. The principles will be checking for quality on distinct points on the assembly line. Ford is teaming up with a business called Mecco to implement this process and a trial run of the new principles will last for 3 months. Mecco is a leader in its industry when it comes to laser technology. The decision to implement this new laser marking principles came because it is more cost- effective and safer than former ways of marking checkpoints for quality.
Although this process at Ford has not officially been implemented yet, Compass Bank can learn a few distinct things. It may be a good idea for Compass Bank to do a short trial of online cell phone banking to see how favorite it becomes and if it worth all the time and effort, being spent to get it launched. Compass Bank should also consider investing into a business who is the best at what they do, is in the same time zone, and can meet their demands in a timely manner, not simply because they may be cheaper. Finally, Compass Bank can learn that they need to consider what will be most cost-effective and in the best interest of the business over time. Organizing a time line and a list of costs and inherent risks would also be beneficial to Compass Bank so they know what to expect and when with the implementation of online cell phone banking.
When completing the global scan one looks for emerging new technologies which may impact any business in any industry. At one time the emergence of the Internet was a technology that was becoming an emerging trend across all industries. Today very new technologies are used to compose information systems at a fraction of the cost and time of processes that were used five years ago. Wireless is a telecommunications technology that may have moved from a trend to a force in revolutionizing the way information is stored, accessed and used across all industries nearby the world. Some, if leveraged by a business within an industry before competitors use it, may even supply a competitive advantage.
Compass Bank – Competition –
Although mergers may be costly and rather difficult, the value it creates in the end is the desired outcome companies seek. The eagerness to merge is based on some beliefs, those beliefs are, that the performance gains are greater, expenses are reduced, market power is increased, and shareholder’s wealth is also greater than before. The value of a merger is enhanced when the ample benefit is more indispensable than the mixture of two cut off pre-merger companies.
In the end, both John and Bernard should consider this before finalizing a decision. When Zion’s purchased Stockmans, there ample value increased by 43 branches. These branches will help performance and brings much more power to the financial market. In the Journal of Money article, Pilloff states “Companies are more willing to fetch others to avoid being acquired themselves.” keeping this in mind, companies must shape out a cross border strategy.
As part of the broad environmental scan, it is prominent to recognize the internal capabilities of the organization. There are varied models for defining capabilities. Most focus on the broad set of intangible assets such as brand, human capital, organizational capital and even connection capital. Others comprise the more concrete assets such as available capital, the club structure, current technologies and information technology infrastructure. In expanding to doing a broad environmental trend, Compass Bank needs to do a more detailed quality appraisal using any of the models available.
DawningStreams - Competitors –
Business activities are becoming more and more complicated to manage, because of distance, time zones, whole of parties complicated in projects, whole of tasks to achieve, manifold prioritizations, lack of normal synchronization, insufficient fetch and confidential transportation channels and growing complexity of It infrastructures. The use of task list managers has become very common. It is becoming more difficult to keep teams synchronized, to result and to implement new business processes and to exchange sensitive information confidentially. The DawningStreams software application is aiming at expanding the practicality of daily executive activities. The types of business, which will most probably be interested in our product, are building (size of network), consulting (need for synchronization), pharmaceutical investigate (secure exchange of information) and the software industry (complexity of manufacturing).
Many companies have already developed software applications that enable secured communications and file sharing. However, most, if not all, are relying on Microsoft technologies, which prevent them from expanding to Mac or Unix users. DawningStreams is developed in Java, which can be used on any platform, including Mac and Unix. Microsoft has acquired the Groove business and has released a new version of the product, which can achieve many of the functionalities of DawningStreams, but not generic activities (http://office.microsoft.com/en-us/groove/default.aspx). This is our closest competitor by far. More recently, we found, merely by accident, a business called Shinkuro (www.shinkuro.com), which offers the file sharing aspects of DawningStreams but lacks other capacities.
Although DawningStreams will face competition from many existing players, the fact that it will couple a super-set of functionalities in one application, for a very reasonable price, will give it some prominent edge over other competitors. If the Us patent is granted, the position of DawningStreams will become a niche. Even if the patent were not granted, it would take a profound architectural redesign of Groove (or other competitors) to comprise generic activities and match the offer of DawningStreams. As a strategy we will monitor the activities of those companies’ websites and understand what they offer in terms of similar functionality and try to ensure we match or best those functionalities to the best of our quality and resources
DawningStreams – Political -
Maintaining the secrecy of information is the basal function of encryption items. Persons abroad may use such items to harm Us law compulsion efforts, as well as Us foreign policy and national safety interests. The Us Government has a indispensable interest in ensuring that persons opposed to the United States are not able to conceal hostile or criminal activities, and that the legitimate needs for protecting prominent and sensitive information of the group and inexpressive sectors are met. Since 2000, Us encryption export policy has been directed by three basal practices: technical impart of encryption products prior to sale, streamlined post-export reporting, and license reviews of proposed transactions inspiring strong encryption to certain foreign government end-users and countries of concern. Us encryption policy also seeks to ensure that American companies are not disadvantaged by the European Union’s “license-free zone.” (Bureau of industry and Security, 2007).
DawningStreams will comprise cryptographic functions. Any trustworthy and effective cryptographic principles requires a central authority to avoid identity theft. Cryptography is a key functionality of DawningStreams. All specialists insist on designing systems using well-studied algorithms and fully tested protocols; novelty is determined a source of risk. The cryptographic layer of DawningStreams will rely on a dual public-private key system. The inexpressive key encryption principles will implement Rijndael, the developed Encryption acceptable (http://csrc.nist.gov/CryptoToolkit/aes/rijndael/), the group key principles will implement Rsa (www.rsa.com) and the hashing function will implement the 256 bits version of the fetch Hash Algorithm (http://secure-hash-algorithm-md5-sha-1.co.uk/ ).
Encryption products can be used to conceal the communications of terrorists, drug smugglers, and others intent on harming U.S. Interests. Cryptographic products and software also have soldiery and brain applications that, in the hands of hostile nations, could pose a threat to U.S. National security. The national security, foreign policy, and law compulsion interests of the United States are protected by encryption export controls. These controls are consistent with executive Order (E.O.) 13026, which was issued on November 15, 1996, and the Presidential Memorandum of the same date. (Bureau of industry and Security, 2007).
DawningStreams also plans to be an international company, as offices now exist in the Netherlands and the Us. As part of the strategy, we will ensure we remain compliant by registering our stock with any indispensable department and allowing those agencies access to the processes if they feel there is a threat. We will be responsible to monitor (as best as we can) our client base and to put the allowable verbiage in our contracts that illegal activities will not be tolerated. We will continue to monitor the Bis site mentioned in former paragraphs and also sites in the European Union such as the Crypto Law website of legal scholar Bert-Jaap Koops (http://rechten.uvt.nl/koops/)
DawningStreams - Technology/Intellectual asset –
The management of organizational strategy requires a ample appraisal of the macro environment of the business. Intellectual asset (Ip) refers to the original ideas and innovations evolved by an club in order to haul up its systems and processes. Creation of ideas requires large investments. This necessitates the safety of Ip. Benchmarking is the continuous process of measuring products, processes, and systems of an club against those that are rated best in the industry. It helps in uncovering weaknesses and flaws in the organizational systems, processes, and products. (Watson, 2003)
The study of the global investigate conducted by McAfee Inc. And MessageLabs Ltd. On safety threat in small businesses in the U.S. Reveals that 80 percent of small-and-medium-sized businesses (Smb) believe that an information technology (It) safety failure would be damaging in attaining their business priorities. Yet, only few are courageously manufacture steps to fight against infringements due to resource limitations from other business associated priorities. The investigate implies that business size plays an indispensable part in the way senior management views security. Among the challenges that Smbs face comprise keeping recent with safety solutions and keeping costs low. Small-to-medium businesses’ behavior towards safety is very tactical and meets only immediate requirements. (unknown, 2007)
DawningStreams’ relevance to these soldiery is two-fold. We are a software company—there is an opening for us to lose the intellectual asset by those who would download and exertion to modify the code. We have competitors who offer functionality similar to ours, however we offer an added functionality the others do not. It is this ‘specialty functionality’ for which we applied for a patent the United States Patent and Trademark Office. If the patent is granted, there is less likelihood of software piracy or the loss of our Ip. Environmental scans should show us if there are other companies trying to do this.
The functionality, which most resembles our competitors’, is the quality to share files. That brings in a distinct concern with intellectual property- the possibility man else’s Ip could be sent from one of our users to another, as this could seriously damage our reputation, as what happened with Napster. (www.napster.com).
Conclusion
At one business after another--from Sears to Ibm to Hewlett-Packard to Searle, strategy is again a major focus in the quest for higher revenues and profits. With help from a new generation of business strategists, companies are pursuing novel ways to hatch new products, expand existing businesses, and create the markets of tomorrow. Some companies are even recreating full-fledged strategic-planning groups. United Parcel service expects to spin out a new strategy group from its marketing department, where strategic plans are now hatched. Explains Chairman Kent C. Nelson: ``Because we're manufacture bigger bets on investments in technology, we can't afford to spend a whole lot of money in one direction and then find out five years later it was the wrong direction.''
In such a world we need a planning model that allows us to anticipate the future and to use this prospect in conjunction with an diagnosis of our organization--its culture, mission, strengths and weaknesses--to define strategic issues, to chart our direction by developing strategic foresight and plans, to define how we will implement these plans and to specify how we will value how well we are implementing these plans. The fact that the world is changing as we move forward in the future demands that the process be an iterative one.
References
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Investor Relations. Retrieved from the Internet on March 31, 2007 at
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Cole, Jim. Zions makes small deal, cites growing Arizona market. American Banker, 171(175), 1-1. Retrieved March 31, 2007 from Proquest Database.
Ford Motor business (2006). Ford Motor Company. Retrieved March 2007,
from the World Wide Web, Web Site: [https://ford.com]
Ford, S. (2004) Adapted from 13 Skills Managers Need to Succeed, Harvard business School
Press. Retrieved March 31, 2007 from Ebscohost Database.
Hockenberry, Todd. (2006). Ford implements developed laser marking. Commercial Laser Solutions, 21(4), 6-7. Retrieved March 31, 2007, from Ebscohost database
Jacobs, P. (2005) Five Steps to victorious in times of Uncertainty. Negotiation (p.3) Retrieved
April 1, 2007 from Ebscohost Database.
McLean, J. (2006) We’re going straight through changes! British Journal of executive Management
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Pearce, J. & Robinson, R, (2004). Strategic Management: Formulation, Implementation, and Control. [University of Phoenix institution Edition e-text]. The McGraw-Hill Companies. Retrieved March 2007, from the University of Phoenix, Resource, Mba 580-Strategies for competitive benefit policy Web Site: https://ecampus.phoenix.edu/secure/resource/resource.asp
Author Unknown, Strategic Planning, After a decade of gritty downsizing, Big Thinkers are back in corporate vogue. (2006) Retrieved from the Internet at http://www.businessweek.com/1996/35/b34901.htm
Unknown (2007) 80% of Small-to-Medium Sized Firms Fear a safety Threat. Computer safety update 8 (4). Retrieved March 30, 2007 from Ebscohost Database.
Unknown (2006) Strategic Planning, After a decade of gritty downsizing, Big Thinkers are back
in corporate vogue. Retrieved from the Internet at
http://www.businessweek.com/1996/35/b34901.htm
Us department of industry (2007), Encryption (ch.10, section 742.15). Retrieved March 27, 2007 from the Bureau of industry and safety Website at http://www.bis.doc.gov/news/2007/foreignpolicyreport/fprchap10_encryption.html
Watson, G. (2003) business Environmental Scans for Intellectual asset Strategy (PowerPoint Presentation). Retrieved March 28, 2007 from the Oklahoma State University website at http://www.okstate.edu/ceat/msetm/courses/etm5111/CourseMaterials/Etm5111Session3Part2.ppt#260,1,Business Environmental Scans for Intellectual asset Strategy
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