Strategic Management in IKEA Case Study Example | Topics and Well Written Essays - 2750 words

Strategic Management in IKEA - Case Study Example Businesses usually define their goals and objectives through mission statement and vision that are imprinted on the organizations product. According to Knapp (1999, p.75)3, mission and vision statements generally represent the purpose of the organization which is evident in the present case study of IKEA where IKEA's mission is to Whereas the vision is to provide better everyday life to all and IKEA formulates its strategies based on the mission and vision which aims to provide better life by offering its products at lower cost than in the market. Austin and Pinkleton (2006, p.19)4 mentions that mission statement sets out strategic focus for accomplishing long term outcome and vision conveys the long term ideal which is evident in IKEA's scenario. Further vision shares the organizations values that are intended to support their mission. The seriousness of offering products at low cost is also seen its corporate values where the organization recruits employees who share the values developed by IKEA of togetherness, cost consciousness, respect and simplicity. The mission, vision and values are interrelated to each other as each one is developed by other and helps the organization the long term goal as in case of IKEA to provide better life to all by providing low cost products in the industry duly integrating w ith the values that promotes the involvement of customers in product designing. IKEA has been able to achieve considerable success strongly because of its values and it is essential that the values imbibed in the market for IKEA should be pampered and the organization should continue to operate in the same way as it has done until now generating good revenue and garnering customer appreciation from all over the world. 1 (b) Difference between company's resources and capabilities According to Grant (2005, p.145) the strategy of any business is concerned with utilizing the firm's resources to improve and increase the capabilities to grab the opportunities arising in the external environment. However both, resources and capabilities play vital role in the development of the organization and to identify their importance, they are distinguished hereunder with special reference to IKEA. Resources Capabilities It is the productive asset owned by the firm like tangible and intangible like financial, infrastructural, knowledge and human resource, etc.

Child Care Research Paper Example | Topics and Well Written Essays - 4500 words

Child Care - Research Paper Example In such a way, understanding the importance of a manager’s role and the means by which he/she can impact upon the stakeholders in the workforce is an issue of the utmost importance if a further degree of utility is to be expected from a domestic workforce. Luckily, the past several years has noted a dramatic increase with respect to the overall level of scholarship with regards to this particular topic. Special attention has always been on the effect of culture on the interactions between employees and the employer (Adler and Zhu, 2005). Nevertheless, gaps remain on the reasons of the disparities as observed in the relationships between the employee and the employer. This research therefore undertakes an intensive review of the available literature concerning the topic and the finding from the other studies in explaining the motivation of diverse employees within the realm of child-care and/or early education. It is worth noting that manager of a diverse workforce also finds t heir task defined with regards offering training to the employees for the skills and expertise already acquired while previously working. High task readiness implies that the staff are well prepared to attend to tasks as assigned through acquired skills and knowledge while a low task readiness imply that they lack the necessary skills to handle the tasks assigned. It is the hope of this author that such a unit of analysis will be useful in helping the reader to come to a more profound understanding with regards to the approach, best practices, and motivational theories that should be engaged/utilized as a function of seeking to leverage further integration between functional expertise and work flexibility. Introduction One might be tempted to assume that the impact that a given manager may have with regards to the motivation of employees at the local level of education might be rather small. However, this is the opposite of what can be observed. Due to the fact that the cultural dis similarity, that is so oftentimes represented, is primarily impacted upon by the norms and mores of culture that are created as a process of maturity and development in a particular society; this has been deemed by many researchers, including this analysis, to be of the highest importance in helping to constrain and define the term. Although it is true that a host of factors impact upon the level and extent to which individuals within positions of leadership can interact with those under their purview, it is the factor of employee motivation that is of the most specific interest to this particular analysis. Moreover, due to the fact that the topic in and of itself is extraordinarily broad, the research will attempt to approach it from the perspective the way in which work flexibility and the appreciations surrounding diversity can be applied to the many different theories of motivation; theories that have thus far helped to define the way in which managers and leaders integrate with their respective stakeholders within any firm, organization, or institution. Literature review Most opinions are