Comparative Business Ethics and Social Responsibility
Introduction
Recently in the world of business, the culture of the company has been modified and fully developed Very up. One of these qualities can frame a company. Conception has ended the way Distant human capabilities, wealth, and material. These elements refer to But can not be tangible but will be felt and experienced and since those measures The work culture of that particular organization can be simplified
The organization can become simple. It is very important Companies within the era of intense competition to follow the ethical practices of that sector The unit is needed to fulfill the responsibility towards society. Business in today’s world Generally following the ethos of fine practices is fulfilling the responsibilities towards the society
The biggest objective of this essay is comparative social responsibility and business ethics. Essay has been predicted on the information infringement case of Uber and The way it influences the ethical standards of the corporate and supports the field of arguments The entity, taken from the article of the state capital Morning Herald.
Business Academic Skills
Effective leadership is very important for the success of any organization. This is Is important because leaders are the people who guide the organization Goal and its purpose. Effective leadership ensures that the organization runs Continually on the path where he can achieve the goal set for him
There There are many examples around the world that suggest that a great organization in absentia Quality leadership struggles to maintain their good performance and sometimes even Finished and forgotten. Thus it is very important that leaders and managers understand the characteristics of different leadership styles (transactions and
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Business Strategy A Case Study Of Primark
Introduction
In this research, the researcher has incorporated with the various discussions related to the strategic management of an organization. Here, this can be stated that an organization has to face several challenges that are prevailing within the market. The market is highly competitive in nature and hence every company are focusing much on developing the marketing strategies that would enable them to cope up with the competition.
In this assignment, the researcher has considered the marketing strategy of the Primark. It is an organization, which deals with the trending fashion of both men and women. It is an Irish company having it’s headquarter in Dublin, Ireland. The company successfully operates in Belgium, France, UK, US, Austria, Ireland, etc. the company is now developing plans to introduce its products in India. As they are the new entrants in the market, they have to develop a well-defined marketing strategy.
This is a solution of Business Strategy A Case Study Of Primark in which we discuss Business Strategy.
Introduction
In this research, the researcher has incorporated with the various discussions related to the strategic management of an organization. Here, this can be stated that an organization has to face several challenges that are prevailing within the market. The market is highly competitive in nature and hence every company are focusing much on developing the marketing strategies that would enable them to cope up with the competition.
In this assignment, the researcher has considered the marketing strategy of the Primark. It is an organization, which deals with the trending fashion of both men and women. It is an Irish company having it’s headquarter in Dublin, Ireland. More Know About:- Computer Software Assignment Help
The company successfully operates in Belgium, France, UK, US, Austria, Ireland, etc. the company is now developing plans to introduce its products in India. As they are the new entrants in the market, they have to develop a well-defined marketing strategy.
Mission, vision, goals, objectives and core competencies of the company
In this section, the Mission, vision, goals, objectives and core competencies of Primark will be briefly discussed:
Mission of Primark
To serve their ordinary folks with the opportunity to purchase the products as rich people but at low prices.
Vision
- To be the first choice of the customers
- Grab the opportunity to be the market leader
- Proper training to the employees
- To operate being customer centric
Goals and objectives
- Offer customers with low price products
- New innovated products
- To be the first choice of the customers
- Make strong marketing strategies to be the market leader
- Operate sustainably
Core competencies
Develop strategies that would help them to be the market leader and to pose high competition in the market. The competitors are mainly Pantaloons, Zara and H&M (Alexis, 2012, p.67).
Factors contributing strategic planning
There are certain factors that contribute to the strategic planning of the organization named, Primark. According to Sadler (2003), it can be stated that strategic planning is considered to be the stepwise and systematic process to develop the strategy for an organization (Bravo, 2010, p.65). It was further mentioned, that there are three issues that contributes to the strategic planning which are mainly the detachment from reality, lack of ownership and dampening of innovations.
Figure 1: Issues in strategic planning
(Source: Created by Author)
It is very essential to overcome the issues and to make suitable plans that would develop brand image of the organization. Five major factors contribute to the development of strategic planning are mainly the Engagement, Innovation, Culture, Communication and Project Management. The development in these factors would help in better strategic planning for Primark.
Figure 2: Factors contributing to strategic planning
(Source: Created by Author)
Effectiveness of techniques used for strategic planning
There are certain techniques that would help the management to develop a well- defined marketing strategies. For instance, the command planning is only applicable for small business, which has a stable environment (Cohen, 2011, p.61).Read More About:- Computer Systems Development Assignment Help
On the other hand, another technique that would help in strategic planning is the directive planning is only applicable for the large organizations having stable environment. In addition, the top- level management is highly involved in this planning.
The third techniques are the emergent strategy planning. The Primark mainly makes the use of the emergent strategy planning, as it is only applicable for complex organizational environment and mostly performed by expert teams or corporate strategic department.
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