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Business strategy analysis
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Kinky boots was a film based on a true story and was directed by Julian Jarrold in the year 2005. The film tells the tale of Charlie Price who allegedly inherits his father’s traditional Northampton shoe factory. As he sets up to start managing the business, due to his father’s untimely death, he discovers that the family business is in a lot of trouble and is falling apart. The shoe factory was known as Price & Sons factory and was four generation old (Thesource 2014). . The employees had an advantage over their competitors due to their vast experience and knowledge in the making of excellent top quality shoes but their market shares was negatively affected by the high price tag they placed on their shoes. Due to the economic crisis England was facing then, the shoes, although durable, were not affordable. The factory was greatly being threatened by the East-European shoe factories that were making less durable, cheaper, and low quality shoes (Schmitt,A. 2010). The East-European factories had a boost to their market as the people were in need of cheaper shoes. One night while Charlie was in London, he meet a drag queen by the name of Lola who, due to her weight, had to bear with wearing high-heel broken shoes. Once they met, Lola proposed on the creation of high-heeled shoes for the niche market of cross-dressers (Boots, Jarrold, Deane, Firth, Ejiofor, Edgerton & Potts 2014). . A definition of leadership from the Management Study Guide (MSG) says that leadership is a process by which an executive can direct, guide and influence the behaviour and work of others towards accomplishment of specific goals in a given situation. (Brown,A. 2014) The film revealed a lot of business phases in its course. Charlie as the main character is ... ... middle of paper ... ... policy are made as the fragment of association strategy, in demand to assess the innovation-related concerns by coupling them with the companies (Thesource 2014; Mindtools.com 2014). The modernization issues from the argument of organizational perceptions have been illuminated recently. For example, one of the best methods to create reasonable advantages is to erect a company, which is based on constant learning and improvement. Many aspects of a company, which incorporates even the industrialized events, are also manipulated by structural learning (Mindtools.com 2014). The Company Kinky boots paid its responsiveness towards the promotion events by significantly understanding the customer’s wants and based on the findings they preferred their manufacturing plan and comparatively it also engrossed on the improvement activities via innovation (Mindtools.com 2014).
Karolina Swietoniowska, the young, youthful, educated and passionate owner of Korra dancewear has been in business, trying to live her dream of designing dancewear clothes for the past three years. Sales have been however very slow for her, given that she had other priorities to take care of, she is now looking to improve her position as a businessman and increase her scale of business and expand and grow. Capital and experience constraints have been pulling her down and she is struggling to make her mark on the market. There are other very strong competitors in the market, functioning with very different
I see Charlie attempting desperately to act out of character. Adept at business he has shown ability, humility and perseverance. However, he seems to be out of touch with the manifested feelings of others his path has crossed.
PBW explores the theme of secrets throughout the novel, focusing on Charlie specifically, and does an outstanding job at portraying the effects it has on his life.
Leadership is the ability that someone has to motivate, guide and empower a group of people, in the particular case the personnel of an organization, in order to achieve specific goals.
A definition of leadership by Mumford is “the influence of others towards a collective goal” (Mumford, 2010). Some other definitions of leadership include; leadership is a force that leaders posses that causes followers to act and head in the intended direction of the leader (Hogue, 2013). Another definition by Gary Yukl is leadership is influencing others to understand what need to be done and how to go about getting it done (Yukl, 2006). Leadership requires the inevitable use of power to influence the thought and also the actions of other people. (Zalezink, 1977).
As our text says, there is no one definitive definition that best encapsulates the true nature of what “leadership” really is. For me, I would define leadership as the ability to influence and share with others the understanding of how something is to be done in order to accomplish a particular goal, task, or objective. Leadership doesn’t necessarily mean “to lead”. As mentioned in our previous class, anyone can be a leader. You don’t have to be in a position of power to display active leadership. Leadership is an ability that we can learn, improve upon, and share as we grow as individuals. Leaders may not all share the same vision and purpose but they all have the power to influence others in the way they choose to act, behave, and make decisions. This is how I see leadership to be based on my own beliefs and experiences.
According to Business Dictionary.com, leadership is defined as the individuals who are the leaders in an organization, regarded collectively. It also can be define as the activity of leading a group of people or an organization or the ability to do this. Leadership involves the establishing of a clear vision, sharing the vision with other so that they will follow willingly, providing the needed information, knowledge, and methods to realize the vision and coordinating and balancing the conflicts interests of all members and stakeholders.
Leadership is the procedure of influencing others to comprehend and concur about what should be done and how to do it, and the procedure of encouraging individual and aggregate endeavors to achieve shared targets/goals.
After a 4 P analysis of the company one found that it found itself in a luxury market where product quality and constant innovation are key points for the success. That is why the production process and its design can take even months. Product line is extensive however it is only conformed of high priced products. Price in this case is a guarantee of the quality present in the product. Moreover, high pricing represent an element of differentiation that the customer appreciates. However this is not a setback, LVMH has managed to have world wide presence and success. To accomplish it its selective retailing division is of high importance. Nevertheless, promotion posses the major challenge since its through this that the image of the product its transmitted that is why the company poses a major part of its budget in this section. It is Important to note that the percentage allocated is higher than those of most competitors.
There are lots of definitions and interpretations for the term LEADERSHIP. One is “A relationship through which one person influences the behaviour or actions of other people” (Mullins, L.J. 2002, Management and Organisational Behaviour, 6th Edition, FT Publishing, p904). Another popular definition would be, “the process of influencing an organization or groups within an organization in its efforts towards achieving a goal” (Johnson, Scholes & Whittington, 2005, Exploring Corporate Strategy, 7th Edition, FT Prentice Hall, p.519)
According to Blythe (2012), marketing is a management process which identifies and fulfils customers’ needs and at the same time, makes profit. By having appropriate marketing concepts, Charles and Keith manages to develop within few years from an unnoticeable small shoe store to an international footwear brand which occupies a significant place in the industry.
Organisational change can arise due to a change in strategy and this begins with examining capabilities and the internal environment. This is portrayed in the Strategy diamond. Firstly through arenas the organisation can plan where they will be active in and which part to place most emphasis on for example technologies or value creation strategies. Only after determining this can they implement a positive change, leading to the next element, vehicles to get them where they need to be such as alliances. This can lead to change in management along with strategic partnerships, and the way managers transition to this change will determine if the strategy impacts on the overall organisation in a way that reinforces its purpose and goals. Partnerships indicate how an organisation can strengthen its capabilities by merging with businesses who possess the skills they lack. (Carpenter et al. 2010)
What is leadership? Leadership is defined as a process by which a individual will influence others to obtain goals. Leaders will guide, direct motivate, or inspire others. Leadership is defined by not only traits but actions as well. Leaders are inspirational, trustworthy and charismatic. Many people may think a manger is leader. Although leadership and management go hand in hand, they are not the same. Everyone has their own beliefs about what characteristics an effective leader should have. To me, communication skills, critical thinking skills, and having a vision are few characteristics of becoming an effective leader. A leader is not only born, but made. Some are born as leaders or some are made to be leaders.
Many people believe that leadership is simply being the first, biggest or most powerful. Leadership in organizations has a different and more meaningful definition. A leader is someone who sets direction in an effort or task and influences or motivates people to follow that direction. The power point presentation explains leadership is the influence that particular individuals exert on the goal achievement of others in an organizational context.