Strategic Management Outline Example | Topics and Well Written Essays - 750 words

Strategic Management - Outline Example Resources a firm acts as its competitive strength when strategically exploited. The exploitation of organization resources with a view of creating sustainable advantage occur over time. Strategic resource positioning The performance of a firm would depend on a number of factors. First, product viability depends on its cost in comparison to similar products and the capacity of the product to meet the demands in the market. Strategic placement of product would dictate product innovation; which includes designing, composition, and conditions, which influences its processing. The uniqueness of the product does not only influence imitation of the product, but also the identity in the market. Firms whose products are not viable innovate or shift in order to remain economically viable. How resources meet consumer demands The consumer’s behavior defines whether the product is valuable. This attribute would dictate the success of an industry. Industries consider product innovation stra tegies, which would produce unique response in the market. It means that the product has to be hard to imitate as well as identified by many consumers. Many firms consider product innovation strategy, which would create a product that is hard to substitute as well as rare in supply. Products, which create satisfaction, would retain the consumers over a time. Types of resources Resources of a firm are critical to its success. These resources are either tangible or intangible. Tangible assets include infrastructure, reputation, and database while intangible assets are strategies of the firm. The ability of a firm to compete in the market depends on its asset mobilization. Strategic resources The influence that a firm exerts in the market would depend on the strategies it develops in the following areas: financial assets, human assets, reputation assets, capabilities and competencies, and intellectual assets. Mobilization of the assets with an aim of achieving the organization goals in fluences the positioning of the firm. Reputation assets The viability of a firm would depend on the reputation it commands in the market. For a firm to build a good reputation it would consider cost of the product, competitors influence, consumer behavior, and economic constraints (Haberberg and Rieple, 2007:8). The above factors influence the approach that a firm would take towards building its reputation. Firms rebrand their products in response to consumer behavior in order to keep the product viable in the market. Relational assets Competitiveness of a firm does not only rely on reputational assets, but also relational assets. The internal environment of the firm would influence its productivity. The relationship between various departments must focus on the interest of the firm. Internal relationship in the firm would influence the work out put of the firm. This will in turn influence consumers’ satisfaction. For instance, satisfaction of the employees would contribute t o satisfaction of the consumers because the employees would strive towards achieving the goals of the firm. The relationship between the firm and the government will define its operations in the market. Thus, the relation must demonstrate an interest in serving the consumers. Dynamic capabilities The ever-changing market conditions require dynamic approaches in organization’s functions. Firms must be ready to demonstrate innovation in a changing environment. The uncertainty of the future dictates that a firm has to change its

Why has it proved so difficult to create an effective International Essay

Why has it proved so difficult to create an effective International Criminal Court - Essay Example It took several meetings between the superior nations such as France, US, UK, China and the Soviet Union to finally agree on the membership terms, bodies and other arrangements that would be necessary to set up the UN, and ensure that it met its international security, social and economic goals. It was officially formed in 1945 with 50 member states and five nations being permanent members and holding the veto power. By 2007, it had 192 member states (Hanhimaki, 2008). The terms and conditions initially set were to be later reviewed and maybe changed or revised, something that has never happened to date. Any decisions made on international security, economic development or social levels have to be approved by the nations holding the veto power first, directly or indirectly before being approved. This has led to power imbalance in the UN with other nations feeling sidelined and having no powers to disagree. The existence and operation of the International Criminal Court (ICC) is one of the issues being disagreed upon by member states. Disagreements surround charges taken to it and how it only handles cases from some states and not from others and especially those holding the veto power, leading to it lacking the impartiality necessary in a court of justice. Its operation therefore lacks consensus making it difficult to exist and perform its roles. The fact that the operation of the court from its inception seems to be controlled by a few members has brought about more questions than answers, and led to creation of issues of mistrust of the so called justice being sought in the court. The ICC comes in to deal with crimes that the national courts cannot be able to handle. This is because of lack of ability of a country to address the heinous criminal acts or because of the lack of a government. The national court may also lack capacity to prosecute their own cases and especially those of higher magnitude because of lack of resources or the lack of