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