An Evaluation Of Corporate Management Strategical Planning Of Global Companies

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WWJMRD 2017; 3(2): 54-60
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Ahmet Ferda Seymen
Department Heads, Assistant
Managers, Section Heads,
Supervisors Istanbul, Turkey
Correspondence:
Ahmet Ferda Seymen
Department Heads, Assistant
Managers, Section Heads,
Supervisors Istanbul, Turkey
An evaluation of corporate management & strategical
planning of global companies
Ahmet Ferda Seymen
Abstract
The study undertaken will make reference to management styles and principals of global companies
operating in different business sectors world-wide. To implement strategic management in any given
company, the corporate structure and management style of that company would have to be defined in
detail to all concerned parties (stakeholders). These include the following: management, investors,
employees, customers, suppliers and the general public. However; Strategic management is a
continuous process of strategic analysis, strategy creation, implementation and monitoring, used by
organizations with the purpose to achieve and maintain a competitive advantage. As everything
around us changes in time the strategic planning needs to be monitored and changed or aligned as
company sails into future to cope with the unexpected. Unlike the old days the cost of doing business
is becoming increasingly risky world-wide. This issue is more important than ever before as the
globalization forces the countries and companies to think on a broader scale rather than just locally.
Second important concern is the E-commerce which has become an important strategic management
tool for companies world-wide. The products are sold, and bought, advertised on real time basis by
sharing all related information across the world while eliminating intermediaries, inventories and
paperwork. E-Commerce minimizes the expense and cumbersomeness of time, distance and space in
doing business world-wide. The other important subject is the environmental issues* which people
are very much concerned than ever before. The exploitation of the natural environment by groups,
organizations or governments are under strict scrutiny.
Keywords: Corporate Management, Strategical Management, Strategy, Environment
Introduction
Strategic Management & Strategic Planning
Definition
―Strategic management can be defined as the art and science of formulating, implementing
and evaluating cross-functional decisions that enable an organization to achieve its
objectives.‖[1]
―An integrative management field that combines analysis, formulation, and implementation
in the quest for competitive advantage.‖[2]
―Strategic management includes understanding the strategic position of an organization,
making strategic choices for the future and managing strategy in action.‖[3]
―Strategic management is defined as the process by which managers of the firm analyze the
internal and external environments for the purpose of formulating strategies and allocating
resources to develop a competitive advantage in an industry that allows for the successful
achievement of organizational goals.‖[4]
What is that strategic management?
Various definitions are used to describe the subject, but few give a full and easy to
understand answer. The combination of all 4 definitions used previously gives us a much
clearer view of what the subject is:
Strategic management is a continuous process of strategic analysis, strategy creation,
implementation and monitoring, used by organizations with the purpose to achieve and
maintain a competitive advantage.
The general purpose of doing it is to combine the energy of organization‘s functional areas
into one focused effort to achieve superior performance. It is usually done through the
many steps of the process.
World Wide Journal of Multidisciplinary Research and Development
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World Wide Journal of Multidisciplinary Research and Development
In essence, it answers the following 3 questions:
Where the organization is at the moment?
Where does it want to go?
How it will get there?
Strategic management is not about predicting the future,
but about preparing for it and knowing what exact steps the
company will have to take to implement its strategic plan
and achieve a competitive advantage. [5]
The difference between strategic management and strategic
planning both strategic management and strategic planning
terms mean the same! The difference is that the latter one is
more used in the business world while the former is used in
the academic environment. According to David, [1]
strategic
planning is sometimes confused with strategy formulation,
because strategic plan is constructed in this stage.
Importance of strategic planning
Requirement for sustained competitive
advantage. Competitive advantage is what keeps great
organizations ahead of their competitors. Rothaermel
[2]
pointed out that the company, which has a competitive
advantage, performs financially much better than other
companies in the industry or better than the industry
average. Some companies may achieve it without thorough
strategic plan but for the most players out there it is vital to
plan strategically, i.e. analyze, create, implement and
monitor, and do this continuously. It is not guaranteed that
companies will ever achieve competitive advantage
conducting strategic planning but it is an essential process
if the company wants sustain it. Views things from broader
perspective.
The other reason why the organizations don‘t simply rely
on their finances, marketing or operations functional areas
to create competitive advantage is that managers of each
area often view things only from their own specific angle
[3]
, which is too narrow view for the whole organization to
rely upon. Only the managers (e.g. CEOs or strategic
planners) who see the whole picture of the company and its
surrounding environments can make the decisions that
bring the competitive advantage. Facilitates
collaboration. Nowadays, most companies involve middle
managers of functional areas into the process of
formulating strategic plan. Middle managers are the people
who implement the strategies set out in a plan and if they
aren‘t involved in making the plan, then they aren‘t so
committed to support it.
Thus, strategic planning is used to achieve the competitive
advantage and to integrate all the functional areas of the
company by facilitating the communication between the
managers of all levels.
Benefits
 Defines a company‘s vision, mission and future goals.
 Identifies the suitable strategies to achieve the goals.
 Improves awareness of the external and internal
environments, and clearly identifies the competitive
advantage.
 Increases managers‘ commitment to achieving the
company‘s objectives.
 Improves coordination of the activities and more
efficient allocation of company‘s resources.
 Better communication between managers of the
different levels and functional areas.
 Reduces resistance to change by informing the
employees of the changes and the consequences of
them.
 Strengthens the firm‘s performance.
 On average, companies using strategic management
are more successful than the companies that don‘t.
 Strategic planning allows the organization to become
more proactive than reactive.
Limitations
 Although strategic management brings many benefits
to the company it also has its limitations:
 The costs of engaging in it are huge.
 The process is complex.
 Success is not guaranteed.
 Above are the reasons why small and medium
enterprises are usually reluctant to have their own
strategic departments.
Sources
David, F.R. (2009). Strat.Mgmt.: Concepts and Cases. 12th
ed. FT Prentice Hall, p. 36-37, 40, 48
Rothaermel, F. T. (2012). Strat.Mgmt.: Concepts and
Cases. McGraw-Hill/Irwin, p. 5
Johnson, G, Scholes, K. Whittington, R. (2008). Exploring
Corporate Strategy. 8th ed. FT Prentice Hall, p. 11-12
Cox, M. Z., Daspit, J., McLaughlin, E. and Jones III, R.J.
(2012). Strat.Mgmt.: Is It an Academic Discipline?
Journal of Business Strategies, Vol. 29 Issue 1, pp. 27-28
Blatstein, I.M. (2012). Strategic Planning: Predicting or
Shaping the Future? Organization Development Journal,
Vol. 30 Issues 2, pp. 32
Wikipedia (2013). Strategic Management. Avail. at:
http://en.wikipedia.org/wiki/Strategic_management
Business Gateway (2012). Strategic planning: the basics.
Avail. at:
http://www.bgateway.com/grow-improve/growing-a-
business/strategic-planning-the-basics/#page-1576
Literature Review
Toyota Motor Company
The first organization analyzed is the Toyota Company
from the automotive industry
Toyota's giant success over the last 25 years is based on the
consistent belief in strong management principles and a
clear balance between "hard" and "soft" innovation. None
of these management principles however sustain
without continuous strategic alignment. First the business
purpose must be clearly defined, which Toyota clearly has
done. Then strategic goals must be set, and translated into a
long term strategy. Also here Toyota sets the benchmark,
with a clear focus on harmonious growth and enhancement
of profitability, the two main elements of Toyota's business
purpose. Then the organization and company culture (=
behavior) must be aligned, and this is where Toyota clearly
sets the benchmark worldwide. There is hardly any other
organization in the world with a more solid company
culture, fully in line with its business purpose.
―Toyota is benchmark example of a company with
excellent strategic alignment. In spite of its size and
complexity Toyota has managed to keep its strategy,
organization and people perfectly aligned with its main
purpose: pursuit of harmonious growth and enhancement of
profitability. Toyota is driven by this corporate
purpose, and the purpose is clearly understood and
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World Wide Journal of Multidisciplinary Research and Development
internalized by its senior management and employees. At
Toyota employees are continuously trained in the 'Toyota
Production System' (TPS). A continuous and overall
attention for product quality and cost awareness has
become an almost religious way of life for everyone in the
organization.
TPS enables Toyota to make the planet‘s best automobiles
at the lowest cost and to develop new products faster than
anybody else. Not only have Toyota‘s rivals such as
Chrysler, Daimler, Ford, Honda, and General
Motors developed TPS-like systems, organizations such as
hospitals and postal services also have adopted its
underlying rules, tools, and conventions to become more
efficient. An industry of lean-manufacturing experts have
extolled the virtues of TPS so often and with so much
conviction that managers believe its role in Toyota‘s
success to be one of the few enduring truths in an otherwise
murky world.
In this respect, Toyota developed a formidable way of
aligning its organization and most of all its people with its
purpose, goals and strategy‖.
http://www.amazon.com/Toyota-Way-Jeffrey-
Liker/dp/0071392319/ref=pd_bxgy_b_img_c
http://www.advancebusinessconsulting.com/advance!/strate
gic-alignment/strategic-alignment-business-cases/the-rise-
of-toyota.aspx
Strategic alignment process concerns the areas below….
The people factor - the key to success
Toyota invests heavily in people and organizational
capabilities, and it garners ideas from everyone and
everywhere.
Long-term planning
Instead of responding to trends, fads, and quarterly
numbers, Toyota looks far ahead, and develops
products resonating for a long time. Probably the best
example is the Toyota Prius hybrid
Studious speediness
Toyota exhaustively researches all its options, then makes
sure all the major stakeholders agree on a course of action.
An open mind
Toyota learned many of its early lessons from Americans.
Toyota still shows a knack for figuring out what customers
want, sometimes predicting American tastes better than the
Detroit automakers that supposedly have home-field
advantage.
Obsession with waste
Toyota's "continuous improvement" ethos is legendary
throughout industry, but the real secret is a profound
disdain for inefficiency—whether it's wasted time, excess
material, or a scrap of trash on a factory floor.
Humility
Toyota's company culture emphasizes teamwork over
individual stars. "Toyota executives don't see themselves as
bigger than the company or the customer or the product."
http://www.ukessays.com/essays/marketing/toyota-
business-strategy-in-global-environment-marketing-
essay.php
The Toyota Way: 14 Management Principles from the
World's Greatest Manufacturer by Jeffrey Liker
The Toyota Way to Continuous Improvement: Linking
Strategy and Operational Excellence to Achieve Superior
Performance May 10, 2011 by Jeffrey Liker and James K.
Franz
Shangri-La Hotels
The second organization analyzed is the Shangri-La Hotel
group from the hospitality industry.
―Shangri-La has positioned itself to achieve very high
standards of guest satisfaction as well as protecting the
environment along the way. Combining these high service
standards for its guests as well as the well-being of nature
has created a niche for the company. This behavior is
closely related to the nature of the company culture.
Shangri-La believes that with this attitude it will be
delivering a much stronger business by being a role model
in the industry. The company has introduced two important
projects; namely Care for people project & Care for nature
projects. Through these important projects the company
upholds moral conducts and ethics while doing business.
Shangri-La has devised an action plan through the
involvement of all employees, suppliers and business
partners in many of its resort facilities which are located on
the unspoiled islands of the world where the habitat must
be protected. The company has adopted this philosophy and
has differentiated itself strategically over its competitors‖.
September 2007 - Shangri-La Hotels and Resorts, Asia
Pacific‘s leading luxury hotel group, has launched a two-
year development strategy to enhance its corporate social
responsibility activities. A corporate CSR Committee,
spearheaded by the group‘s chief operating officer, has
been established to continue to fulfill the group‘s
responsibilities in five key areas: the environment;
employees and the community; health and safety; supply
chain management; and stakeholder relations.
In the area of environmental sustainability, the group‘s
focus is primarily in five areas: climate change; ozone
depletion; water use management; waste disposal
management; and indoor air quality. Shangri-La is
ramping up energy conservation initiatives so that it will
reduce 2006 group wide energy consumption figures by 12
per cent by the end of 2008. Currently, the group practices
a wide array of environmentally friendly measures
including, for example, fitting all guestrooms with water
saving devices in taps and showers as well as using energy-
saving lamps in more than half the group‘s guestrooms.
http://www.hotel-
online.com/News/PR2007_3rd/Sept07_ShangriLaStrategy.
html
Hospitality from the heart (Culture)
Through the years, company philosophy has been ―Shangri-
La Hospitality from a caring family.‖ Shangri-La has
always believed in the unique characteristics encapsulated
by Asian hospitality.
Heartfelt hospitality & experiences (Mission & Vision)
Our Vision
To be the first choice for guests, colleagues, shareholders
and business partners.
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Our Mission
To delight our guests every time by creating engaging
experiences straight from our heart.
Management; Passion for excellence
We recognize that an ethos of excellence cascades from the
upper levels of an organization. This is why the executive
team of Shangri-La has been selected with care. Shangri-
La's leadership is composed of some of the most talented
professionals in the hospitality industry. Most have more
than 20 years in the field and many have moved up the
ranks in Shangri-La over the last 10 years.
Shangri-La’s care for people project
Embrace, Shangri-La's Care for People Project, was
launched in September 2009. The project committed each
hotel to a 10 to 15-year partnership with a chosen
beneficiary working on children's health or education
programs.
Whether it is a school, health center or orphanage, the
entity must require resources that the hotel can very ably
deliver on. These include infrastructure support,
fundraising, life skills training and even hotel
apprenticeships.
Our Performance as of 2012:
60,174 volunteer hours rendered by hotel colleagues in
2012, up from 16,000 in 2011
73 identified beneficiaries in each city working on health
and education programs
72% of the hotels met and exceeded their 2012 targets in
skills training and medical support
Shangri-La's Care for Nature Project
Sanctuary, Shangri-La's Care for Nature project was
launched in 2010 with the aim of making a concerted effort
towards biodiversity conservation and habitat protection.
Hotels work on individualized projects which are
developed, tracked and monitored after a biodiversity
assessment takes place. To date, there are a total of 19
Sanctuary projects in place engaging stakeholders
worldwide. In 2012, Sanctuary, Shangri-La‘s Care for
Nature Projects were launched in city hotels in China 0in
order to encourage the protection of local habitats and even
wetlands.
One with Nature
Shangri-La Hotels and Resorts bring you luxury that you
deserve, without compromising our natural resources. We
are committed to serving as good stewards of the
environment. We ensure that every property respects local
traditions and culture, restores natural habitats, conserves
biodiversity and manages waste, water and energy.
Shangri-La mitigates impacts on the environment by
ensuring that our day-to-day operations promote and
implement responsible environmental practices and
continual improvement.
The Group participates in the Carbon Disclosure
Project with yearly submissions since 2011 to demonstrate
the importance given by senior management to the risks
and opportunities that climate change presents to the
organization. Many of its hotels are certified under ISO
14001 Environmental Management Systems. Hotels also
have the capacity to address local resource management
issues through innovative solutions such as glass water
bottling, rainwater harvesting, use of solar energy and the
incorporation of composting and herb gardens to manage
food waste.
50 hotels are ISO 14001 Certified Hotels
16% reduction of co2e per guest night vs. 20% 2015 target
20% reduction of potable water per guest night vs. 15%
2015 target
Programs
Shangri-La's Reef Care Project
Shangri-La‘s Care for Nature Project
Shangri-La's Turtle Care Project
Shangri-La's Orangutan Care Project
Shangri-La's Care for Panda Project
Shangri-La's Care for Water Project
http://www.shangri-la.com/corporate/about-us/shangri-la-
culture/our-vision-mission/
The Cornell School of Hotel Administration Handbook of
Applied Hospitality. Edited by Cathy A. Enz. Chapter 46.
Viable Structures and Cultures in Hospitality
Organizations. Pages 691-693
Corporate culture of Shangri la hotels and resorts -
https://www.academia.edu/7032911/Shangri-La_paper
Wal-Mart Stores, Inc.
The third organization analyzed is the Wal-Mart Stores,
Inc., from the Retail industry.
Wal-Mart's service strategy, customer satisfaction is the
most important strategy. Customer satisfaction strategy is
simple and that is the need to stand in the position of
consumer users, rather than stand on the position of
producers and consumers to consider and deal with
problems. And this customer first, always put the customer
first philosophy at the Wal-Mart from procurement to final
sales of goods as a whole.
For after-sales service, Wal-Mart has also done very well.
In the Wal-Mart store, a shopping more than a certain limit,
you can enjoy the delivery service. Wal-Mart customers in
any store to buy any commodity that can be returned to
stores within a month, and take back all the money. In
comparison, for large retail stores with Carrefour in Return
the score is far lower than Wal-Mart. Carrefour often
adorned the walls of "promotional goods will not be
refunded," the interests of consumers, which do not comply
with provisions of the law, even if it is normal product's
return, in the Carrefour also need a number of persons
signature.
Wal-Mart to provide customers with "high-quality
services" and "unconditional refund" commitment is by no
means nice slogan.
In addition to the customer care; Wal-Mart‘s strategic
planning and positioning involves three major areas.
Logistic Management System: Wal-Mart is the leader of
the retail distribution revolution. Its unique distribution
system can greatly reduce costs and accelerated inventory
turnover. Its non-stop delivery system comprises of an
efficient distribution center and a rapid transport system.
Wal-Mart distribution center with highly modern
mechanical facilities, where 85 percent of goods sent are
being mechanically processed, which greatly reduces the
cost of manual processing of goods. Wal-Mart's motor fleet
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World Wide Journal of Multidisciplinary Research and Development
is its delivery system to another incomparable advantages.
Wal-Mart store shelves can guarantee an average of twice a
week fill. Fast delivery, so that all Wal-Mart stores, even if
only to maintain minimal inventories can maintain normal
sales, resulting in substantial savings in storage
Information technology: One of the most important
logistic supports is its information technology support. It's
advanced satellite communications network - Wal-Mart
heavily in building a satellite communications network to
supply the system more perfect.
Human Resources Management: Wal-Mart employees in
the establishment of equal partnership, this is only the
beginning of innovation. Soon each employee for Wal-Mart
began to implement its "profit-sharing plan," while
implementation were "buy stock plans," "Employee
Discount provides," "Scholarship Program". In addition to
these, staff also enjoy some of the basic treatment,
including paid vacation, holidays, and grants, medical,
personal and housing insurance. Some of these plans reflect
the economic partnership, plans.‖ Wal-Mart relationship
with employees is a real sense of partnership, peer
relationships. This is the company's outstanding
performance in the face of competition can be one of the
reasons.
Through this strategical positioning Wal-Mart became an
industry leader in supplying goods to its stores, keeping
goods available on shelfs, maintaining the lowest prices on
the market available and caring for its customers from
beginning to the end.
Grant, R. (2008), Contemporary Strategic Analysis:
Concepts, techniques and applications (6th edition),
Blackwell Publishing.
The Wal-Mart Way - The Inside Story of the Success of the
World's Largest Company Paperback – 2005 by Don
Soderquist (Author)
Sam Walton: Made In AmericaJun 1, 1993 by Sam Walton
and John Huey
Microsoft Corporation
The fourth organization analyzed is the Microsoft
Corporation, from the Software industry.
Microsoft Commitment to Accessibility
"Our vision is to create innovative technology that is
accessible to everyone and that adapts to each person's
needs. Accessible technology eliminates barriers for people
with disabilities and it enables individuals to take full
advantage of their capabilities." Bill Gates, Chairman,
Microsoft Corporation
Microsoft Accessibility
Accessibility makes it easier for everyone to see, hear, and
use technology, and to personalize their computers to meet
their own needs and preferences. For many people with
impairments, accessibility is what makes computer use
possible.
Mission
At Microsoft, our mission is to enable people and
businesses throughout the world to realize their full
potential. We consider our mission statement a
commitment to our customers. We deliver on that
commitment by striving to create technology that is
accessible to everyone—of all ages and abilities. Microsoft
is one of the industry leaders in accessibility innovation and
in building products that are safer and easier to use.
About Accessible Technology
Accessible technology enables individuals to personalize
their technology to make it easier to see, hear, and use.
Accessibility and accessible technology are helpful for
individuals who experience visual difficulties, pain in the
hands or arms, hearing loss, speech or cognitive challenges;
and individuals seeking to customize their computing
experience to meet their situational needs and preferences.
Accessibility includes:
Accessibility options let you personalize the user
experience through the display, mouse, keyboard, sound,
and speech options in Windows and other Microsoft
products.
Assistive technology products are specialty software and
hardware products (such as screen readers and specialty
keyboards), that provide essential computer access to
individuals with significant vision, hearing, dexterity,
language, or learning needs. Interoperability among
assistive technology products, the operating system, and
applications is critical to enabling a world of devices
accessible to people of all ages and abilities.
Strategy
Accessibility, as part of overall usability, is a fundamental
consideration for Microsoft during product design,
development, evaluation, and release. Microsoft endeavors
to integrate accessibility into planning, design, research,
development, testing, and documentation.
Microsoft addresses accessibility by:
Continuing our longstanding commitment and leadership in
developing innovative accessibility solutions.
Making the computer easier to see, hear, and use by
building accessibility into Microsoft products and services.
Promoting innovation of accessibility in the development
community and working with industry organizations to
encourage innovation; and, Building collaborative
relationships with a wide range of organizations to raise
awareness of the importance of accessibility in meeting the
technology needs of people with disabilities.
https://www.microsoft.com/enable/microsoft/mission.aspx
http://www.microsoft.com/enable/microsoft/default.aspx
http://bgr.com/2013/09/09/microsoft-business-strategy-
analysis/
http://www.bizjournals.com/seattle/blog/techflash/2013/09/
investors-see-nokia-acquisition-asa.html?page=all
http://www.telegraph.co.uk/finance/businesslatestnews/107
60392/Apple-and-Microsoft-have-bigger-cash-holdings-
than-UK.html
http://markets.ft.com/research/Markets/Tearsheets/Financia
ls?s=MSFT:NSQ
http://fortune.com/fortune500/wal-mart-stores-inc-1/
―Through this strategical positioning Microsoft intends to
continue its leadership position within the industry by being
innovative and provide essential computer access to
individuals with significant vision, hearing, dexterity,
language, or learning needs. Relevant to the examples of
strategic planning of other companies; Microsoft‘s business
has a greater mission to accomplish in order bring profits‖.
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Environmental Issues
The Exxon Valdez incident in the late 1980’s;
Twenty-six years ago on March 24, the oil tanker Exxon
Valdez slammed into Bligh Reef and spilled more than 11
million gallons of crude oil into the cold, clear waters of
Alaska's Prince William Sound -- one of the "last best
places" on Earth. The oil charged through Prince William
Sound and out into the Gulf of Alaska, damaging more than
1,300 miles of some of the most remote, wild shoreline in
this country.
http://edition.cnn.com/2014/03/23/opinion/holleman-
exxon-valdez-anniversary/
World-wide threat of deforestation,
What is deforestation? Unless you‘re an ecologist, you
probably don‘t spend a lot of time worrying about the fate
of the world‘s forests, but you probably also don‘t realize
just how fast the forests on Earth are disappearing.
The rate at which trees are being felled for agriculture,
manufacturing, and other reasons is quite astounding. The
effects of deforestation are massive, adversely impacting
biodiversity, the climate, and human life.
http://www.curiosityaroused.com/environment/10-scary-
deforestation-facts-we-should-all-be-concerned-about/
Uncontrolled mining and toxic waste issues are just a few
other example‗s on this subject.
Effects of Mining Activities on Heavy Metal Concentrations
in Water, Sediment, and Macroinvertebrates in Different
Reaches of the Pilcomayo River, South America. Journal-
Archives of Environmental Contamination and Toxicology,
Volume 44, Issue 3, pp 0314-0323
http://link.springer.com/article/10.1007/s00244-002-2042-
1
Environmental impact of uncontrolled waste disposal in
mining and industrial areas in Central Germany
Journal-Environmental Geology, Volume 35, Issue 1, pp
66-72
http://link.springer.com/article/10.1007/s002540050293#p
age-1
Impact of mining activities on soils in a semi-arid
environment: Sierra Almagrera district, SE Spain
Journal-Environmental Geochemistry and Health, Volume
26, Issue 4, pp 383-393
http://link.springer.com/article/10.1007/s10653-005-5361-
0
Conclusion
―Toyota is benchmark example of a company with
excellent strategic alignment. In spite of its size and
complexity Toyota has managed to keep its strategy,
organization and people perfectly aligned with its main
purpose: pursuit of harmonious growth and enhancement of
profitability”. Toyota sets its business purpose by aligning
the organization and company culture (= behavior) as one.
This is where Toyota clearly sets the benchmark
worldwide. There is hardly any other organization in the
world with a more solid company culture, fully in line with
its business purpose.
―Shangri-La has positioned itself to achieve very high
standards of guest satisfaction as well as protecting the
environment along the way. Combining these high service
standards for its guests as well as the well-being of nature
has created a niche for the company. This behavior is
closely related to the nature of the company culture.
Shangri-La believes that with this attitude the company will
deliver much stronger business and prosper by being a role
model in the industry‖.
Wal-Mart's service strategy, customer satisfaction is the
most important strategy. Customer satisfaction strategy is
simple and that is the need to stand in the position of
consumer users, rather than stand on the position of
producers and consumers to consider and deal with
problems. Aligning this strategy with efficient Logistic
Management System, up to date Information technology
and trained-motivated Human Resources Management
system the company became an industry leader and one of
the biggest organizations in the world.
Microsoft’s implementation of Accessibility, as part of
overall usability, is a fundamental consideration for product
design, development, evaluation, and release. Microsoft
endeavors to integrate accessibility into planning, design,
research, development, testing, and documentation. This
niche area has inspired the company‘s management and
employees to achieve an objective which can serve
mankind through the use of technology.
References
1. David, F.R. (2009). Strat.Mgmt.: Concepts and Cases.
12th ed. FT Prentice Hall, p. 36-37, 40, 48
2. Rothaermel, F. T. (2012). Strat.Mgmt.: Concepts and
Cases. McGraw-Hill/Irwin, p. 5
3. Johnson, G, Scholes, K. Whittington, R. (2008).
Exploring Corporate Strategy. 8th ed. FT Prentice
Hall, p. 11-12
4. Cox, M. Z., Daspit, J., McLaughlin, E. and Jones III,
R.J. (2012). Strat.Mgmt.: Is It an Academic
Discipline?
5. Journal of Business Strategies, Vol. 29 Issue 1, pp. 27-
28
6. Blatstein, I.M. (2012). Strategic Planning: Predicting
or Shaping the Future? Organization Development
Journal, Vol. 30 Issues 2, pp. 32
7. Wikipedia (2013). Strategic Management. Available
at: http://en.wikipedia.org/wiki/Strategic_management
8. Business Gateway (2012). Strategic planning: the
basics. Available at:
9. http://www.bgateway.com/grow-improve/growing-a-
business/strategic-planning-the-basics/#page-1576
10. http://www.advancebusinessconsulting.com/advance!/s
trategic-alignment/strategic-alignment-business-
cases/the-rise-of-toyota.aspx
11. http://www.ukessays.com/essays/marketing/toyota-
business-strategy-in-global-environment-marketing-
essay.php
12. http://www.amazon.com/Toyota-Way-Jeffrey-
Liker/dp/0071392319/ref=pd_bxgy_b_img_c
13. The Toyota Way: 14 Management Principles from the
World's Greatest Manufacturer by Jeffrey Liker
14. The Toyota Way to Continuous Improvement: Linking
Strategy and Operational Excellence to Achieve
Superior Performance May 10, 2011 by Jeffrey Liker
and James K. Franz
15. http://www.hotel-
online.com/News/PR2007_3rd/Sept07_ShangriLaStrat
egy.html
~ 60 ~
World Wide Journal of Multidisciplinary Research and Development
16. http://www.shangri-la.com/corporate/about-us/shangri-
la-culture/our-vision-mission/
17. The Cornell School of Hotel Administration Handbook
of Applied Hospitality. Edited by Cathy A. Enz.
Chapter 46. Viable Structures and Cultures in
Hospitality Organizations. Pages 691-693
18. Corporate culture of Shangri la hotels and resorts -
https://www.academia.edu/7032911/Shangri-La_paper
19. Grant, R. (2008), Contemporary Strategic Analysis:
Concepts, techniques and applications (6th edition),
Blackwell Publishing.
20. The Wal-Mart Way - The Inside Story of the Success
of the World's Largest Company Paperback – 2005 by
Don Soderquist (Author)
21. Sam Walton: Made In America Jun 1, 1993 by Sam
Walton and John Huey
22. https://www.microsoft.com/enable/microsoft/mission.a
spx
23. http://www.microsoft.com/enable/microsoft/default.as
px
24. http://edition.cnn.com/2014/03/23/opinion/holleman-
exxon-valdez-anniversary/
25. http://www.curiosityaroused.com/environment/10-
scary-deforestation-facts-we-should-all-be-concerned-
about/
26. http://bgr.com/2013/09/09/microsoft-business-strategy-
analysis/
27. http://www.bizjournals.com/seattle/blog/techflash/201
3/09/investors-see-nokia-acquisition-asa.html?page=all
28. http://www.telegraph.co.uk/finance/businesslatestnews
/10760392/Apple-and-Microsoft-have-bigger-cash-
holdings-than-UK.html
29. http://markets.ft.com/research/Markets/Tearsheets/Fina
ncials?s=MSFT:NSQ
30. http://fortune.com/fortune500/wal-mart-stores-inc-1/
31. http://link.springer.com/article/10.1007/s00244-002-
2042-1
32. http://link.springer.com/article/10.1007/s00254005029
3#page-1
33. http://link.springer.com/article/10.1007/s10653-005-
5361-0

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An Evaluation Of Corporate Management Strategical Planning Of Global Companies

  • 1. ~ 54 ~ WWJMRD 2017; 3(2): 54-60 www.wwjmrd.com Impact Factor MJIF: 4.25 e-ISSN: 2454-6615 Ahmet Ferda Seymen Department Heads, Assistant Managers, Section Heads, Supervisors Istanbul, Turkey Correspondence: Ahmet Ferda Seymen Department Heads, Assistant Managers, Section Heads, Supervisors Istanbul, Turkey An evaluation of corporate management & strategical planning of global companies Ahmet Ferda Seymen Abstract The study undertaken will make reference to management styles and principals of global companies operating in different business sectors world-wide. To implement strategic management in any given company, the corporate structure and management style of that company would have to be defined in detail to all concerned parties (stakeholders). These include the following: management, investors, employees, customers, suppliers and the general public. However; Strategic management is a continuous process of strategic analysis, strategy creation, implementation and monitoring, used by organizations with the purpose to achieve and maintain a competitive advantage. As everything around us changes in time the strategic planning needs to be monitored and changed or aligned as company sails into future to cope with the unexpected. Unlike the old days the cost of doing business is becoming increasingly risky world-wide. This issue is more important than ever before as the globalization forces the countries and companies to think on a broader scale rather than just locally. Second important concern is the E-commerce which has become an important strategic management tool for companies world-wide. The products are sold, and bought, advertised on real time basis by sharing all related information across the world while eliminating intermediaries, inventories and paperwork. E-Commerce minimizes the expense and cumbersomeness of time, distance and space in doing business world-wide. The other important subject is the environmental issues* which people are very much concerned than ever before. The exploitation of the natural environment by groups, organizations or governments are under strict scrutiny. Keywords: Corporate Management, Strategical Management, Strategy, Environment Introduction Strategic Management & Strategic Planning Definition ―Strategic management can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives.‖[1] ―An integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage.‖[2] ―Strategic management includes understanding the strategic position of an organization, making strategic choices for the future and managing strategy in action.‖[3] ―Strategic management is defined as the process by which managers of the firm analyze the internal and external environments for the purpose of formulating strategies and allocating resources to develop a competitive advantage in an industry that allows for the successful achievement of organizational goals.‖[4] What is that strategic management? Various definitions are used to describe the subject, but few give a full and easy to understand answer. The combination of all 4 definitions used previously gives us a much clearer view of what the subject is: Strategic management is a continuous process of strategic analysis, strategy creation, implementation and monitoring, used by organizations with the purpose to achieve and maintain a competitive advantage. The general purpose of doing it is to combine the energy of organization‘s functional areas into one focused effort to achieve superior performance. It is usually done through the many steps of the process. World Wide Journal of Multidisciplinary Research and Development
  • 2. ~ 55 ~ World Wide Journal of Multidisciplinary Research and Development In essence, it answers the following 3 questions: Where the organization is at the moment? Where does it want to go? How it will get there? Strategic management is not about predicting the future, but about preparing for it and knowing what exact steps the company will have to take to implement its strategic plan and achieve a competitive advantage. [5] The difference between strategic management and strategic planning both strategic management and strategic planning terms mean the same! The difference is that the latter one is more used in the business world while the former is used in the academic environment. According to David, [1] strategic planning is sometimes confused with strategy formulation, because strategic plan is constructed in this stage. Importance of strategic planning Requirement for sustained competitive advantage. Competitive advantage is what keeps great organizations ahead of their competitors. Rothaermel [2] pointed out that the company, which has a competitive advantage, performs financially much better than other companies in the industry or better than the industry average. Some companies may achieve it without thorough strategic plan but for the most players out there it is vital to plan strategically, i.e. analyze, create, implement and monitor, and do this continuously. It is not guaranteed that companies will ever achieve competitive advantage conducting strategic planning but it is an essential process if the company wants sustain it. Views things from broader perspective. The other reason why the organizations don‘t simply rely on their finances, marketing or operations functional areas to create competitive advantage is that managers of each area often view things only from their own specific angle [3] , which is too narrow view for the whole organization to rely upon. Only the managers (e.g. CEOs or strategic planners) who see the whole picture of the company and its surrounding environments can make the decisions that bring the competitive advantage. Facilitates collaboration. Nowadays, most companies involve middle managers of functional areas into the process of formulating strategic plan. Middle managers are the people who implement the strategies set out in a plan and if they aren‘t involved in making the plan, then they aren‘t so committed to support it. Thus, strategic planning is used to achieve the competitive advantage and to integrate all the functional areas of the company by facilitating the communication between the managers of all levels. Benefits  Defines a company‘s vision, mission and future goals.  Identifies the suitable strategies to achieve the goals.  Improves awareness of the external and internal environments, and clearly identifies the competitive advantage.  Increases managers‘ commitment to achieving the company‘s objectives.  Improves coordination of the activities and more efficient allocation of company‘s resources.  Better communication between managers of the different levels and functional areas.  Reduces resistance to change by informing the employees of the changes and the consequences of them.  Strengthens the firm‘s performance.  On average, companies using strategic management are more successful than the companies that don‘t.  Strategic planning allows the organization to become more proactive than reactive. Limitations  Although strategic management brings many benefits to the company it also has its limitations:  The costs of engaging in it are huge.  The process is complex.  Success is not guaranteed.  Above are the reasons why small and medium enterprises are usually reluctant to have their own strategic departments. Sources David, F.R. (2009). Strat.Mgmt.: Concepts and Cases. 12th ed. FT Prentice Hall, p. 36-37, 40, 48 Rothaermel, F. T. (2012). Strat.Mgmt.: Concepts and Cases. McGraw-Hill/Irwin, p. 5 Johnson, G, Scholes, K. Whittington, R. (2008). Exploring Corporate Strategy. 8th ed. FT Prentice Hall, p. 11-12 Cox, M. Z., Daspit, J., McLaughlin, E. and Jones III, R.J. (2012). Strat.Mgmt.: Is It an Academic Discipline? Journal of Business Strategies, Vol. 29 Issue 1, pp. 27-28 Blatstein, I.M. (2012). Strategic Planning: Predicting or Shaping the Future? Organization Development Journal, Vol. 30 Issues 2, pp. 32 Wikipedia (2013). Strategic Management. Avail. at: http://en.wikipedia.org/wiki/Strategic_management Business Gateway (2012). Strategic planning: the basics. Avail. at: http://www.bgateway.com/grow-improve/growing-a- business/strategic-planning-the-basics/#page-1576 Literature Review Toyota Motor Company The first organization analyzed is the Toyota Company from the automotive industry Toyota's giant success over the last 25 years is based on the consistent belief in strong management principles and a clear balance between "hard" and "soft" innovation. None of these management principles however sustain without continuous strategic alignment. First the business purpose must be clearly defined, which Toyota clearly has done. Then strategic goals must be set, and translated into a long term strategy. Also here Toyota sets the benchmark, with a clear focus on harmonious growth and enhancement of profitability, the two main elements of Toyota's business purpose. Then the organization and company culture (= behavior) must be aligned, and this is where Toyota clearly sets the benchmark worldwide. There is hardly any other organization in the world with a more solid company culture, fully in line with its business purpose. ―Toyota is benchmark example of a company with excellent strategic alignment. In spite of its size and complexity Toyota has managed to keep its strategy, organization and people perfectly aligned with its main purpose: pursuit of harmonious growth and enhancement of profitability. Toyota is driven by this corporate purpose, and the purpose is clearly understood and
  • 3. ~ 56 ~ World Wide Journal of Multidisciplinary Research and Development internalized by its senior management and employees. At Toyota employees are continuously trained in the 'Toyota Production System' (TPS). A continuous and overall attention for product quality and cost awareness has become an almost religious way of life for everyone in the organization. TPS enables Toyota to make the planet‘s best automobiles at the lowest cost and to develop new products faster than anybody else. Not only have Toyota‘s rivals such as Chrysler, Daimler, Ford, Honda, and General Motors developed TPS-like systems, organizations such as hospitals and postal services also have adopted its underlying rules, tools, and conventions to become more efficient. An industry of lean-manufacturing experts have extolled the virtues of TPS so often and with so much conviction that managers believe its role in Toyota‘s success to be one of the few enduring truths in an otherwise murky world. In this respect, Toyota developed a formidable way of aligning its organization and most of all its people with its purpose, goals and strategy‖. http://www.amazon.com/Toyota-Way-Jeffrey- Liker/dp/0071392319/ref=pd_bxgy_b_img_c http://www.advancebusinessconsulting.com/advance!/strate gic-alignment/strategic-alignment-business-cases/the-rise- of-toyota.aspx Strategic alignment process concerns the areas below…. The people factor - the key to success Toyota invests heavily in people and organizational capabilities, and it garners ideas from everyone and everywhere. Long-term planning Instead of responding to trends, fads, and quarterly numbers, Toyota looks far ahead, and develops products resonating for a long time. Probably the best example is the Toyota Prius hybrid Studious speediness Toyota exhaustively researches all its options, then makes sure all the major stakeholders agree on a course of action. An open mind Toyota learned many of its early lessons from Americans. Toyota still shows a knack for figuring out what customers want, sometimes predicting American tastes better than the Detroit automakers that supposedly have home-field advantage. Obsession with waste Toyota's "continuous improvement" ethos is legendary throughout industry, but the real secret is a profound disdain for inefficiency—whether it's wasted time, excess material, or a scrap of trash on a factory floor. Humility Toyota's company culture emphasizes teamwork over individual stars. "Toyota executives don't see themselves as bigger than the company or the customer or the product." http://www.ukessays.com/essays/marketing/toyota- business-strategy-in-global-environment-marketing- essay.php The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer by Jeffrey Liker The Toyota Way to Continuous Improvement: Linking Strategy and Operational Excellence to Achieve Superior Performance May 10, 2011 by Jeffrey Liker and James K. Franz Shangri-La Hotels The second organization analyzed is the Shangri-La Hotel group from the hospitality industry. ―Shangri-La has positioned itself to achieve very high standards of guest satisfaction as well as protecting the environment along the way. Combining these high service standards for its guests as well as the well-being of nature has created a niche for the company. This behavior is closely related to the nature of the company culture. Shangri-La believes that with this attitude it will be delivering a much stronger business by being a role model in the industry. The company has introduced two important projects; namely Care for people project & Care for nature projects. Through these important projects the company upholds moral conducts and ethics while doing business. Shangri-La has devised an action plan through the involvement of all employees, suppliers and business partners in many of its resort facilities which are located on the unspoiled islands of the world where the habitat must be protected. The company has adopted this philosophy and has differentiated itself strategically over its competitors‖. September 2007 - Shangri-La Hotels and Resorts, Asia Pacific‘s leading luxury hotel group, has launched a two- year development strategy to enhance its corporate social responsibility activities. A corporate CSR Committee, spearheaded by the group‘s chief operating officer, has been established to continue to fulfill the group‘s responsibilities in five key areas: the environment; employees and the community; health and safety; supply chain management; and stakeholder relations. In the area of environmental sustainability, the group‘s focus is primarily in five areas: climate change; ozone depletion; water use management; waste disposal management; and indoor air quality. Shangri-La is ramping up energy conservation initiatives so that it will reduce 2006 group wide energy consumption figures by 12 per cent by the end of 2008. Currently, the group practices a wide array of environmentally friendly measures including, for example, fitting all guestrooms with water saving devices in taps and showers as well as using energy- saving lamps in more than half the group‘s guestrooms. http://www.hotel- online.com/News/PR2007_3rd/Sept07_ShangriLaStrategy. html Hospitality from the heart (Culture) Through the years, company philosophy has been ―Shangri- La Hospitality from a caring family.‖ Shangri-La has always believed in the unique characteristics encapsulated by Asian hospitality. Heartfelt hospitality & experiences (Mission & Vision) Our Vision To be the first choice for guests, colleagues, shareholders and business partners.
  • 4. ~ 57 ~ World Wide Journal of Multidisciplinary Research and Development Our Mission To delight our guests every time by creating engaging experiences straight from our heart. Management; Passion for excellence We recognize that an ethos of excellence cascades from the upper levels of an organization. This is why the executive team of Shangri-La has been selected with care. Shangri- La's leadership is composed of some of the most talented professionals in the hospitality industry. Most have more than 20 years in the field and many have moved up the ranks in Shangri-La over the last 10 years. Shangri-La’s care for people project Embrace, Shangri-La's Care for People Project, was launched in September 2009. The project committed each hotel to a 10 to 15-year partnership with a chosen beneficiary working on children's health or education programs. Whether it is a school, health center or orphanage, the entity must require resources that the hotel can very ably deliver on. These include infrastructure support, fundraising, life skills training and even hotel apprenticeships. Our Performance as of 2012: 60,174 volunteer hours rendered by hotel colleagues in 2012, up from 16,000 in 2011 73 identified beneficiaries in each city working on health and education programs 72% of the hotels met and exceeded their 2012 targets in skills training and medical support Shangri-La's Care for Nature Project Sanctuary, Shangri-La's Care for Nature project was launched in 2010 with the aim of making a concerted effort towards biodiversity conservation and habitat protection. Hotels work on individualized projects which are developed, tracked and monitored after a biodiversity assessment takes place. To date, there are a total of 19 Sanctuary projects in place engaging stakeholders worldwide. In 2012, Sanctuary, Shangri-La‘s Care for Nature Projects were launched in city hotels in China 0in order to encourage the protection of local habitats and even wetlands. One with Nature Shangri-La Hotels and Resorts bring you luxury that you deserve, without compromising our natural resources. We are committed to serving as good stewards of the environment. We ensure that every property respects local traditions and culture, restores natural habitats, conserves biodiversity and manages waste, water and energy. Shangri-La mitigates impacts on the environment by ensuring that our day-to-day operations promote and implement responsible environmental practices and continual improvement. The Group participates in the Carbon Disclosure Project with yearly submissions since 2011 to demonstrate the importance given by senior management to the risks and opportunities that climate change presents to the organization. Many of its hotels are certified under ISO 14001 Environmental Management Systems. Hotels also have the capacity to address local resource management issues through innovative solutions such as glass water bottling, rainwater harvesting, use of solar energy and the incorporation of composting and herb gardens to manage food waste. 50 hotels are ISO 14001 Certified Hotels 16% reduction of co2e per guest night vs. 20% 2015 target 20% reduction of potable water per guest night vs. 15% 2015 target Programs Shangri-La's Reef Care Project Shangri-La‘s Care for Nature Project Shangri-La's Turtle Care Project Shangri-La's Orangutan Care Project Shangri-La's Care for Panda Project Shangri-La's Care for Water Project http://www.shangri-la.com/corporate/about-us/shangri-la- culture/our-vision-mission/ The Cornell School of Hotel Administration Handbook of Applied Hospitality. Edited by Cathy A. Enz. Chapter 46. Viable Structures and Cultures in Hospitality Organizations. Pages 691-693 Corporate culture of Shangri la hotels and resorts - https://www.academia.edu/7032911/Shangri-La_paper Wal-Mart Stores, Inc. The third organization analyzed is the Wal-Mart Stores, Inc., from the Retail industry. Wal-Mart's service strategy, customer satisfaction is the most important strategy. Customer satisfaction strategy is simple and that is the need to stand in the position of consumer users, rather than stand on the position of producers and consumers to consider and deal with problems. And this customer first, always put the customer first philosophy at the Wal-Mart from procurement to final sales of goods as a whole. For after-sales service, Wal-Mart has also done very well. In the Wal-Mart store, a shopping more than a certain limit, you can enjoy the delivery service. Wal-Mart customers in any store to buy any commodity that can be returned to stores within a month, and take back all the money. In comparison, for large retail stores with Carrefour in Return the score is far lower than Wal-Mart. Carrefour often adorned the walls of "promotional goods will not be refunded," the interests of consumers, which do not comply with provisions of the law, even if it is normal product's return, in the Carrefour also need a number of persons signature. Wal-Mart to provide customers with "high-quality services" and "unconditional refund" commitment is by no means nice slogan. In addition to the customer care; Wal-Mart‘s strategic planning and positioning involves three major areas. Logistic Management System: Wal-Mart is the leader of the retail distribution revolution. Its unique distribution system can greatly reduce costs and accelerated inventory turnover. Its non-stop delivery system comprises of an efficient distribution center and a rapid transport system. Wal-Mart distribution center with highly modern mechanical facilities, where 85 percent of goods sent are being mechanically processed, which greatly reduces the cost of manual processing of goods. Wal-Mart's motor fleet
  • 5. ~ 58 ~ World Wide Journal of Multidisciplinary Research and Development is its delivery system to another incomparable advantages. Wal-Mart store shelves can guarantee an average of twice a week fill. Fast delivery, so that all Wal-Mart stores, even if only to maintain minimal inventories can maintain normal sales, resulting in substantial savings in storage Information technology: One of the most important logistic supports is its information technology support. It's advanced satellite communications network - Wal-Mart heavily in building a satellite communications network to supply the system more perfect. Human Resources Management: Wal-Mart employees in the establishment of equal partnership, this is only the beginning of innovation. Soon each employee for Wal-Mart began to implement its "profit-sharing plan," while implementation were "buy stock plans," "Employee Discount provides," "Scholarship Program". In addition to these, staff also enjoy some of the basic treatment, including paid vacation, holidays, and grants, medical, personal and housing insurance. Some of these plans reflect the economic partnership, plans.‖ Wal-Mart relationship with employees is a real sense of partnership, peer relationships. This is the company's outstanding performance in the face of competition can be one of the reasons. Through this strategical positioning Wal-Mart became an industry leader in supplying goods to its stores, keeping goods available on shelfs, maintaining the lowest prices on the market available and caring for its customers from beginning to the end. Grant, R. (2008), Contemporary Strategic Analysis: Concepts, techniques and applications (6th edition), Blackwell Publishing. The Wal-Mart Way - The Inside Story of the Success of the World's Largest Company Paperback – 2005 by Don Soderquist (Author) Sam Walton: Made In AmericaJun 1, 1993 by Sam Walton and John Huey Microsoft Corporation The fourth organization analyzed is the Microsoft Corporation, from the Software industry. Microsoft Commitment to Accessibility "Our vision is to create innovative technology that is accessible to everyone and that adapts to each person's needs. Accessible technology eliminates barriers for people with disabilities and it enables individuals to take full advantage of their capabilities." Bill Gates, Chairman, Microsoft Corporation Microsoft Accessibility Accessibility makes it easier for everyone to see, hear, and use technology, and to personalize their computers to meet their own needs and preferences. For many people with impairments, accessibility is what makes computer use possible. Mission At Microsoft, our mission is to enable people and businesses throughout the world to realize their full potential. We consider our mission statement a commitment to our customers. We deliver on that commitment by striving to create technology that is accessible to everyone—of all ages and abilities. Microsoft is one of the industry leaders in accessibility innovation and in building products that are safer and easier to use. About Accessible Technology Accessible technology enables individuals to personalize their technology to make it easier to see, hear, and use. Accessibility and accessible technology are helpful for individuals who experience visual difficulties, pain in the hands or arms, hearing loss, speech or cognitive challenges; and individuals seeking to customize their computing experience to meet their situational needs and preferences. Accessibility includes: Accessibility options let you personalize the user experience through the display, mouse, keyboard, sound, and speech options in Windows and other Microsoft products. Assistive technology products are specialty software and hardware products (such as screen readers and specialty keyboards), that provide essential computer access to individuals with significant vision, hearing, dexterity, language, or learning needs. Interoperability among assistive technology products, the operating system, and applications is critical to enabling a world of devices accessible to people of all ages and abilities. Strategy Accessibility, as part of overall usability, is a fundamental consideration for Microsoft during product design, development, evaluation, and release. Microsoft endeavors to integrate accessibility into planning, design, research, development, testing, and documentation. Microsoft addresses accessibility by: Continuing our longstanding commitment and leadership in developing innovative accessibility solutions. Making the computer easier to see, hear, and use by building accessibility into Microsoft products and services. Promoting innovation of accessibility in the development community and working with industry organizations to encourage innovation; and, Building collaborative relationships with a wide range of organizations to raise awareness of the importance of accessibility in meeting the technology needs of people with disabilities. https://www.microsoft.com/enable/microsoft/mission.aspx http://www.microsoft.com/enable/microsoft/default.aspx http://bgr.com/2013/09/09/microsoft-business-strategy- analysis/ http://www.bizjournals.com/seattle/blog/techflash/2013/09/ investors-see-nokia-acquisition-asa.html?page=all http://www.telegraph.co.uk/finance/businesslatestnews/107 60392/Apple-and-Microsoft-have-bigger-cash-holdings- than-UK.html http://markets.ft.com/research/Markets/Tearsheets/Financia ls?s=MSFT:NSQ http://fortune.com/fortune500/wal-mart-stores-inc-1/ ―Through this strategical positioning Microsoft intends to continue its leadership position within the industry by being innovative and provide essential computer access to individuals with significant vision, hearing, dexterity, language, or learning needs. Relevant to the examples of strategic planning of other companies; Microsoft‘s business has a greater mission to accomplish in order bring profits‖.
  • 6. ~ 59 ~ World Wide Journal of Multidisciplinary Research and Development Environmental Issues The Exxon Valdez incident in the late 1980’s; Twenty-six years ago on March 24, the oil tanker Exxon Valdez slammed into Bligh Reef and spilled more than 11 million gallons of crude oil into the cold, clear waters of Alaska's Prince William Sound -- one of the "last best places" on Earth. The oil charged through Prince William Sound and out into the Gulf of Alaska, damaging more than 1,300 miles of some of the most remote, wild shoreline in this country. http://edition.cnn.com/2014/03/23/opinion/holleman- exxon-valdez-anniversary/ World-wide threat of deforestation, What is deforestation? Unless you‘re an ecologist, you probably don‘t spend a lot of time worrying about the fate of the world‘s forests, but you probably also don‘t realize just how fast the forests on Earth are disappearing. The rate at which trees are being felled for agriculture, manufacturing, and other reasons is quite astounding. The effects of deforestation are massive, adversely impacting biodiversity, the climate, and human life. http://www.curiosityaroused.com/environment/10-scary- deforestation-facts-we-should-all-be-concerned-about/ Uncontrolled mining and toxic waste issues are just a few other example‗s on this subject. Effects of Mining Activities on Heavy Metal Concentrations in Water, Sediment, and Macroinvertebrates in Different Reaches of the Pilcomayo River, South America. Journal- Archives of Environmental Contamination and Toxicology, Volume 44, Issue 3, pp 0314-0323 http://link.springer.com/article/10.1007/s00244-002-2042- 1 Environmental impact of uncontrolled waste disposal in mining and industrial areas in Central Germany Journal-Environmental Geology, Volume 35, Issue 1, pp 66-72 http://link.springer.com/article/10.1007/s002540050293#p age-1 Impact of mining activities on soils in a semi-arid environment: Sierra Almagrera district, SE Spain Journal-Environmental Geochemistry and Health, Volume 26, Issue 4, pp 383-393 http://link.springer.com/article/10.1007/s10653-005-5361- 0 Conclusion ―Toyota is benchmark example of a company with excellent strategic alignment. In spite of its size and complexity Toyota has managed to keep its strategy, organization and people perfectly aligned with its main purpose: pursuit of harmonious growth and enhancement of profitability”. Toyota sets its business purpose by aligning the organization and company culture (= behavior) as one. This is where Toyota clearly sets the benchmark worldwide. There is hardly any other organization in the world with a more solid company culture, fully in line with its business purpose. ―Shangri-La has positioned itself to achieve very high standards of guest satisfaction as well as protecting the environment along the way. Combining these high service standards for its guests as well as the well-being of nature has created a niche for the company. This behavior is closely related to the nature of the company culture. Shangri-La believes that with this attitude the company will deliver much stronger business and prosper by being a role model in the industry‖. Wal-Mart's service strategy, customer satisfaction is the most important strategy. Customer satisfaction strategy is simple and that is the need to stand in the position of consumer users, rather than stand on the position of producers and consumers to consider and deal with problems. Aligning this strategy with efficient Logistic Management System, up to date Information technology and trained-motivated Human Resources Management system the company became an industry leader and one of the biggest organizations in the world. Microsoft’s implementation of Accessibility, as part of overall usability, is a fundamental consideration for product design, development, evaluation, and release. Microsoft endeavors to integrate accessibility into planning, design, research, development, testing, and documentation. This niche area has inspired the company‘s management and employees to achieve an objective which can serve mankind through the use of technology. References 1. David, F.R. (2009). Strat.Mgmt.: Concepts and Cases. 12th ed. FT Prentice Hall, p. 36-37, 40, 48 2. Rothaermel, F. T. (2012). Strat.Mgmt.: Concepts and Cases. McGraw-Hill/Irwin, p. 5 3. Johnson, G, Scholes, K. Whittington, R. (2008). Exploring Corporate Strategy. 8th ed. FT Prentice Hall, p. 11-12 4. Cox, M. Z., Daspit, J., McLaughlin, E. and Jones III, R.J. (2012). Strat.Mgmt.: Is It an Academic Discipline? 5. Journal of Business Strategies, Vol. 29 Issue 1, pp. 27- 28 6. Blatstein, I.M. (2012). Strategic Planning: Predicting or Shaping the Future? Organization Development Journal, Vol. 30 Issues 2, pp. 32 7. Wikipedia (2013). Strategic Management. Available at: http://en.wikipedia.org/wiki/Strategic_management 8. Business Gateway (2012). Strategic planning: the basics. Available at: 9. http://www.bgateway.com/grow-improve/growing-a- business/strategic-planning-the-basics/#page-1576 10. http://www.advancebusinessconsulting.com/advance!/s trategic-alignment/strategic-alignment-business- cases/the-rise-of-toyota.aspx 11. http://www.ukessays.com/essays/marketing/toyota- business-strategy-in-global-environment-marketing- essay.php 12. http://www.amazon.com/Toyota-Way-Jeffrey- Liker/dp/0071392319/ref=pd_bxgy_b_img_c 13. The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer by Jeffrey Liker 14. The Toyota Way to Continuous Improvement: Linking Strategy and Operational Excellence to Achieve Superior Performance May 10, 2011 by Jeffrey Liker and James K. Franz 15. http://www.hotel- online.com/News/PR2007_3rd/Sept07_ShangriLaStrat egy.html
  • 7. ~ 60 ~ World Wide Journal of Multidisciplinary Research and Development 16. http://www.shangri-la.com/corporate/about-us/shangri- la-culture/our-vision-mission/ 17. The Cornell School of Hotel Administration Handbook of Applied Hospitality. Edited by Cathy A. Enz. Chapter 46. Viable Structures and Cultures in Hospitality Organizations. Pages 691-693 18. Corporate culture of Shangri la hotels and resorts - https://www.academia.edu/7032911/Shangri-La_paper 19. Grant, R. (2008), Contemporary Strategic Analysis: Concepts, techniques and applications (6th edition), Blackwell Publishing. 20. The Wal-Mart Way - The Inside Story of the Success of the World's Largest Company Paperback – 2005 by Don Soderquist (Author) 21. Sam Walton: Made In America Jun 1, 1993 by Sam Walton and John Huey 22. https://www.microsoft.com/enable/microsoft/mission.a spx 23. http://www.microsoft.com/enable/microsoft/default.as px 24. http://edition.cnn.com/2014/03/23/opinion/holleman- exxon-valdez-anniversary/ 25. http://www.curiosityaroused.com/environment/10- scary-deforestation-facts-we-should-all-be-concerned- about/ 26. http://bgr.com/2013/09/09/microsoft-business-strategy- analysis/ 27. http://www.bizjournals.com/seattle/blog/techflash/201 3/09/investors-see-nokia-acquisition-asa.html?page=all 28. http://www.telegraph.co.uk/finance/businesslatestnews /10760392/Apple-and-Microsoft-have-bigger-cash- holdings-than-UK.html 29. http://markets.ft.com/research/Markets/Tearsheets/Fina ncials?s=MSFT:NSQ 30. http://fortune.com/fortune500/wal-mart-stores-inc-1/ 31. http://link.springer.com/article/10.1007/s00244-002- 2042-1 32. http://link.springer.com/article/10.1007/s00254005029 3#page-1 33. http://link.springer.com/article/10.1007/s10653-005- 5361-0