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Strategic planning
Strategic planning
Strengths and weaknesses of strategic planning
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Recommended: Strategic planning
Overview
Firstly internal environment, general environment and industry environment analysis are addressed followed by the identification of problems Ribena faced and suggestions on ways it could have handled the situation to avoid legal and reputational damage.
GSK is the parent company of Ribena, it's head quartered in the United Kingdom (GSK,2004). In 2003 Ribena in the UK faced public embarrassment and legal charges for its for Ribena Toothkind. A year later a similar incident happened in New Zealand and the company suffered irreparable reputational damage.
In 2012 GSK has stated that it will increase its focus around its core portfolio and it evaluated options for Ribena a nutritional healthcare products to ensure their growth. In 2013 GSK announced that it has sold it to Suntroy a Japanese soft drink company (GSK press release, 2013).
Abell's frame work
This framework helps in defining the business Ribena is operating in by answering three questions, who is being satisfied?, What is being satisfied?, and How are customer needs being satisfied? (Abell, 1980, p.7).
Who is being satisfied? Ribena since it launched in 1930's it had target British children who deprived of fresh fruits in their diet such as oranges.
What is being satisfied? The customer needs after the second world war was healthy food and nutrition that children were denied in the food they consumed.
How are customer needs being satisfied? this is Ribena's distinctive competencies (Abell, 1980, p.7). Ribena offered it customer segment a "healthy" drink with four times vitamin C as oranges which later became iconic and gained the acceptance of mothers around the world.
Internal environment
Resource based model
This model assumes the each organization is unique b...
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Social Media and its Impact on Business, Journal of Applied Management and Entrepreneurship, volume 16 Number 3 p.79-91
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Technology has come a long ways from its existence till today. In today’s modern world, people are surrounded by technology everywhere. In the present, people are surrounded by disrupting technologies every day. Today innovators are always creating new technologies that will make an impact on the daily lives of millions. Technology has made the lives of many people easier. The influence of technology has made an impact on social media. Social media has impacted the society in many ways. Whether it is the life of an individual to how successful a company is going to be. Social media is not just about tweeting about what you just accomplished or instagraming what food you are about to eat at a very nice restaurant. The uses of social media is way broader. Now most social media companies are buying out and merging with many other companies that will be off use to them. The people of society has certainly come from a long way. Social media is influencing consumers in what they are going to buy next. Social media is helping businesses to become more aware of their impact they have on they customers. Social media has a big presence for an individual and a business. This research paper is going to be over how social media impacts an individual. Then it is going to be about how much of an impact it has on businesses. Afterwards it is going to go over the pros and the cons of social media in society. Then this research paper is going to conclude on where social media is heading towards in the near future and so on.
In the end, social media provide a way of keeping in relations with friends, also allow many companies to reach a large number of costumers and to be more productivity. At the same time, media are changing the ways in which we communicate and interact with others. Social media is a very interesting thing in our life. It was made for the free exchange of lots of information all around the world without boundaries but we have to know well how and why to use these media.
Secondly, the social media has made it easier for businesses and business people such as bankers, business owners, brands, and even celebrities to communicate faster and to get things accomplished. Through social media interaction networks such as Twitter, Instagram, What...