characterized the company's environment by a number of variables: competition, dynamism, turbulence, complexity and change. And all organizations must develop the ability to transform themselves and their contexts continuously conscious. And it includes such contexts restructuring for optimum efficiency, the main re-engineering processes and streamline tasks that are able to provide a source of competitive advantage. The goal is to adapt, and the renovation and, more importantly, to survive. (McLean, 06).
For a company to thrive today, strategists must find ways to increase the organization's ability to read and respond to industry and market changes. We should know the aim to enhance the flexibility of the company's strategy through the recognition of unrest earlier and respond more quickly.
strategic flexibility or adaptability can be defined as the organization's ability to identify major changes in the external environment, to quickly customize cycles of new work in response to these changes, and to recognize and act promptly when it is time to stop or reverse the obligations existing resources. Leaders must be a way to adjust to not get stuck in the road too rigid to look at the world. You must be organized in view the change as an inevitable and necessary for the growth of the institution, in order to achieve this adaptation.
When there is doubt or unpredictability in the environment, managers tend to focus almost all of its energy in the implementation of the current strategy successfully. What you should do is to prepare for an unknown future. It stems from the flexibility of being able to learn. Managers tend to overlook the negative and emphasize the positive. They need to understand not only what led to positive results, but also led to negative. This will improve the learning experience. According to Ford (04), four points to promote and maintain the ability to adapt to include a challenge to complacency, and to give all employees a voice and encourage participatory work and driving the fear of your group.
companies chosen for this task varies from industry: the famous car manufacturer (Ford) bank is going through the merger (Compass) and start-up software company (DawningStreams). The Ford and compass to work for a long time. It is likely that it had changed its strategic plan is based on the change of power and trends. DawningStreams is new (founded in 05 and incorporated in 07). Although they have not had first sold and do not have employees, it has created several iterations holders of its strategy.
There are a variety of owners, all of which are interested in the activity of business organizations interest. It must be emphasized their ability to adapt in the strategic analysis and the ability to adapt in the strategic management of business organizations. It must be to organize the strategic management model.
Each company may scan the same areas, but for different reasons. Given the technological advances, the Ford is preparing itself to lead the market by the presence of various electronic equipment in their cars, as well as robotic equipment and technology to build the supply chain to keep everything in check. Compass Bank is going through consolidation and expansion worldwide. And therefore they need to keep up with communications technology. DawningStreams is a software company; you will need to monitor those companies that will be competitive to ensure its products provide better jobs. All three companies to make sure that potential customers will be able to get good information from the Internet and advertising sites, which includes another area of technology organizations may need / want to clear. In this case, it must be registered many members of the organization: senior management and finance, which will determine the budget factors; information technology, which will be responsible for the implementation and maintenance of some of the technology department; employees who must be trained in the use of technology; sales force, which will sell the technology.
To the outside observer, it may seem unnecessary, but any Ford to clear (actual) environment when it comes to issues such as emissions control, and fuel-efficient hybrid cars consumption. This is true however; Compass Bank and DawningStreams can be a strategic plan to be more friendly to the environment (and pocketbooks) through the exercise of the reduction of paper (through the technique mentioned). Finally, the product DawningStreams may be "useful as a service file sharing to environmental groups.
With regard to the legal environment, we must all three be fully aware of the laws that affect the industry, all of them among others. Ford, applies legal, among other areas, environmental protection laws and the Department of transportation safety laws. compass Bank, they abide by the rules of the Federal reserve (www.federalreserve.gov), insurance and federal deposit institution (www.fdic.gov). DawningStreams must follow the laws as they relate to the transfer of files, which have the intellectual property and also export products, which have algorithms. All three companies are global, and will need to observe such laws in other countries, which could affect the strategic planning.
in one company after another - from Sears to IBM to Hewlett-Packard to Searle, the strategy again a major focus in the quest to increase revenue and profits. with the help of a new generation of strategists business, companies are seeking new ways to hatch new products, and the expansion of existing projects, and the creation of markets tomorrow. Even some companies re full strategic planning groups. And United Parcel Service expects to come out a new strategy group of the marketing department, where strategic plans being hatched now. Explains Head of Kent C. Nelson: `` For we are making the biggest bets on technology investment, and we can not afford to spend a lot of money in one direction and then find out after five years was the wrong direction. ''
in such a world, we need a planning model which allows us to expect in the future, the use of this expectation in conjunction with an analysis of our organization - its culture, mission, strengths and weaknesses - to identify strategic issues, to draw our direction through vision development and strategic plans, to determine how we will carry out these plans and determine how they will evaluate the extent of our success in the implementation of these plans. The fact that the world is changing as we move forward in the future requires that this process be repeated one.
Ford Motor Company - social, cultural and
Ford Motor Company embraces the social and cultural changes that occur to allow the company to move in the right direction with respect to positions in society. The two areas that stand out in terms of social and cultural attitudes that have so fuel economy and small cars consumption. Growing concerns by the public for better fuel economy and the consumption of the introduction of the Ford Escape Hybrid Inc. and Mercury Mariner hybrid has affected. The organization is committed to hybrid to improve fuel economy as a global strategy to meet customer requirements. The growing demand in society for such environmental helped in the decision-making Ford Motor Co. to look forward to in addition to the Ford Fusion and Mercury Milan hybrid feature and continue in this direction and strategic planning.
to customers who use these vehicles get a big break on insurance in many countries and tax exemption, as well as while enjoying increasing the mileage of the car that runs on gasoline and electric power capacity to 100 percent. Environmental scanning has been allowed by the Ford Motor Company and the Company to be familiar with the fact that people in the US are buying more small cars today, more than any other type of automobile sector. Has been monitoring changes in lifestyles and there are good data show that this trend will continue in this direction will be the expected growth in this sector will continue. The company has been re-designed inside and outside the Ford Focus to set the car apart from competitors in the small car segment with increased promotions and features to experience positive results. This is based on the direction to take the company a competitive advantage and being a leader in this industry. Car line on both sedan and coupe to attract the target markets, including younger buyers in the entry level to build on brand loyalty and customer retention. Ford Motor Company will continue to use the social and cultural factors to drive to work and enjoy success in the future.
Ford Motor Company - Legal -
Ford Motor Company with respect to the Environmental Protection Agency environmental legal side is committed to the survey. Ford Motor Company accepted the award in March 07 from the Environmental Protection Agency called Energy Star 07 Partner of the Year Award in Energy Management. The company is the first car that previously awarded the prize two years in a row Industry Corporation. It has come a prize awarded because of the commitment made by the company to increase energy efficiency and reduce greenhouse gas emissions from all facilities in the company.
The organization is committed to the responsible use of resources and energy efficiency. Leadership recognizes that environmental protection laws have great importance and use of environmental scanning to move in the right direction for the future success of the company. In 06 alone it has improved the company's energy efficiency in the operations of the United States increased by five percent and provide nearly $ 25 million with enough saved energy equal to 220,000 homes. Effective management of energy protects the environment and reduces emissions of the greenhouse. Some of the actions taken by the company, which includes the replacement of lighting that uses 40 percent less energy and the use of combinations of various low-power, long-lasting compact fluorescent lamps in the properties to include plants, corporate offices and distribution centers, and research and development campus. This is due to the environmental survey, which is happening at Ford Motor Co. The company will use the information gathered and to continue in this direction. The new projects of the company fumes into fuel, and this is a system that converts paint fumes in the electricity that is implemented with Detroit Edison, along with an attempt to promote the application of primer applications, the base paint clearcoat on in one application to eliminate the need for applications separate ovens. In addition to the paint booth emissions Ford Motor Company will continue to rely on alternative energy sources such as methane gas, wind and solar technologies to run their own manufacturing facilities.
Ford Motor Company - Technology -
Another environmental scanning tool that monitors the Ford Motor Company and uses will be the technological part. The company has invested $ 1000000000 in the latest technology for flexible manufacturing. The technology that is involved in many forms, including wireless technology installed on transport trucks with supplies to the factory as the monitoring of the status and improve efficiency to reduce inventory. Flexibility of the products in the same factory will allow the organization to use the same mechanism and process for all areas of the body assembly and paint facility, and final assembly. And improve efficiency in the manufacturing facility allows for several vehicle platforms to be built on the same production line multiple models and rapidly changing vehicle mix, volume and options based on customer demand.
The technological changes adopted by the Ford Motor Company through environmental scanning enables the company to experience huge savings in costs through the introduction of new products, and 50 percent of the cuts in succession cycle along with the reduction of waste. Robots are among the technological changes that are experienced within the organization to include 400 of the project, which is used for welding and assembly of the metal body of the vehicle for stamping and assembly. Use of artificial intelligence in the form of visions and advanced tracking systems for laser systems to ensure quality through precision and dimension abilities. It uses training facility several millions of dollars to ensure that the workforce has the knowledge, skills and ability to reap the benefits of this new technology that is being used by the company. Training which is run includes welding new electric gun system devices that determine the ideal welding solution center, which replaces the old and loud air-powered works that use less sophisticated spring system. Environmental scanning technology that is implemented by the Ford Motor Company has been allowed to have positive results in efficiency while rival company in the industry through the remainder of the cost savings and continuous improvement.
compass Bank- political -
in the February 16, 07, announced that Compass Bancshares, Inc., parent company of the Bank of the compass, and the signing of a definitive agreement under which Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBV Madrid: BBVA) will ( "BBVA") to get a compass for a combination of cash and stock. Compass will become a subsidiary of a US company wholly-owned subsidiary of BBVA and will continue to operate under the name Compass. It is expected to close the transaction during the second half of 07, pending customary closing conditions, including necessary bank in the United States and Spain and approval of the shareholders of both Compass and BBVA regulatory approvals.
BBVA, which operates in 35 countries, based in Spain and has a big banking interests in the Americas. The deal is to facilitate the continued growth of BBVA in Texas, and will create the largest regional bank across the Sunbelt. Upon completion of this transaction, Compass will rank among the 25 largest banks in the United States with approximately $ 47 billion dollars in total assets, $ 32 in total loans and $ 33 billion in total deposits. In addition, the combined company ranked fourth in deposit market share in Texas with $ 19.6 billion in total deposits and 326 full-service banking offices.
compass is southwest of Financial Holding Company 34,000,000,000 $ 415 works full banking services centers in Alabama, Arizona, Colorado, Florida, New Mexico and Texas. Compass provides a wide range of products and services through three primary lines of business - corporate banking, retail banking and wealth management. Compass is among the 30 largest holding companies in the Bank of the United States in terms of asset size and ranks among the highest paid of its size based on return on equity.
Under the terms of the final agreement, which was approved by the Governing Council of the compass and the relevant bodies of BBVA, Compass subsidiary will become a wholly owned subsidiary of BBVA. After closing, BBVA intends to merge the banking companies based in the United States - including the former operations of Texas Regional Bancshares, State National Bancshares Laredo National Bancshares - with Compass.
consists of the total consideration for a specific number of nearly 196 million shares of common stock BBVA, and about $ 4.6 billion in cash. The merger is subject to customary closing conditions, including necessary bank in the United States and Spain and approval of the shareholders of both Compass and BBVA regulatory approvals. It is expected to be completed in the second half of 07. The transaction
will be determined by the merger between the two companies through political factors ranging from the implications of the laws and regulations of the state of world politics, including the consideration of the wars that may occur in parts different from the world. New laws and regulations, tax programs and public policy to create the forces and trends, which may provide challenges and obstacles or opportunities for any company or organization.
Compass Bank - Technology -
Ford in the process of implementing the laser marking on the production line to ensure the highest level of all the assembled transmission system. The system will be checked for quality at various points on the assembly line. Ford teaming up with a company called MECCO to perform this operation will be a trial run for the new system will last for three months. MECCO is the leading company in its industry when it comes to laser technology. The decision to implement this new laser system because it is more cost-effective and safer than previous methods for marking checkpoints for quality.
Although this process, Ford has not officially implemented yet, Compass Bank can learn some different things. It may be a good idea to Compass Bank to carry out a short trial of online banking services via cell phone to see how popular it becomes, and if it was worth all the time and effort spent to get it started. Compass Bank should also consider investing in a company who is the best at what they do, it is in the same time zone, and can meet their demands in a timely manner, and not just because it may be cheaper. Finally, the bank can compass know they need to consider what would be the most cost-effective and in the interest of the company over time. That the organization of a timetable and a list of the potential costs and risks will also be useful for Compass Bank because they know what to expect, and when it comes to the implementation of online banking services through cellular phone.
Upon completion of a global survey looking for new technologies that may affect any business in any emerging industry. At one time was the advent of the Internet and technology, which has become an emerging trend in all sectors. Today used a very new techniques for the development of information systems at a fraction of the cost and time of the processes that were used five years ago. Wireless communications is that the trend has moved from the strength of the information revolution in the way in which technology is stored, accessed and used in all sectors in all parts of the world. Some, if leveraged by a company within the industry before the use of her competitors, but may provide a competitive advantage.
Compass Bank - Competition -
Although mergers may be costly and difficult, somewhat, that create value in the end is the desired result companies are seeking. It is based on the desire to integrate in many beliefs, and, to gain greater performance, are reduced to those beliefs expenses, and increase the strength of the market, and shareholder wealth is also greater than ever before. It enhances the value of the merger when the public interest is more valuable than the sum of two separate pre-merger.
In the end, both John and Bernard must consider this before finalizing the decision. When purchased in Zion Stockmans, the total value increased there by 43 branches. These branches will help performance and brings more energy to the financial markets. In a magazine article money, states Pilloff "companies are more willing to get the others to avoid the same gained." Keeping this in mind, companies must know the strategy across the border.
As part of a broad environmental scan, it is important to recognize the internal capacity of the organization. There are different models to determine capabilities. Most of the focus on a wide range of intangible assets such as brand, human capital and organizational capital and even the capital relationship. Include other more realistic, such as available capital assets, organizational structure, and the current infrastructure for IT technologies. In addition to doing extensive environmental trend, the bank needs a compass to do a more detailed assessment of the ability of using any of the available models.
DawningStreams - Competitors -
business activities are becoming more and more complex to manage, because of distance, time zones, and the number of parties involved in the project, a number of tasks to achieve, the order of multiple priorities, lack of public synchronization, http://www.okstate.edu/ceat/msetm/courses/etm5111/CourseMaterials/ETM5111Session3Part2.ppt#260
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