Strategic Management (Topic In Instruction) Essay

Strategic Management (Topic In Instruction) - Essay Example With the company, being actively governed by a board, with the CEO, Mr. Edward Perry at the top, it comes to a situation whereby every decision made relating to the company is carefully deliberated. Decisions and rulings that fall under this category include mainly, the company’s mode of carrying out external analysis. An external analysis is a specific analytical method by a firm, which is made use of, to examine the opportunities, as well as threats, that predominantly exist in the business environment (Lee, 2010). It is important for a company such as Timber King to engage in thorough external analysis. Performing this analysis is important, most especially in the long term effectiveness of the firm. Being aware of one’s competitive environment comes in handy in terms of exploring the underlying potential in the market. The analysis is considered to be external to the firm if a question concerning the opportunities of the company, or firm, still exists even in the absence of a particular company. These factors are considered to still exist, though have to be acted on, if at all, the firm is to benefit, whether directly, or indirectly, from them (Logan, 2009). For Timber King, the company in question, to perform a thorough and effective external analysis, it is important, to gather as much competitive intelligence about the most important external factors as possible. Basically, the company has to realize factors that may include, political, environmental, social, economic, and generally all related competitive factors. The use of SWOT analysis is the most common, and widely used mode of collecting external analysis (Lee, 2010). The SWOT analysis, also known as SWOT Matrix, refers to a structured planning mode that evaluates the strengths, weaknesses, opportunities as well as threats, which are involved or encountered in a business venture. This mode of external analysis involves specifying the company’s goals and relatively identifying factors that

PDCA project Assignment Example | Topics and Well Written Essays - 1250 words

PDCA project - Assignment Example Therefore, I intend to improve my non-verbal communication skills, thus become a better leader in my profession, as well as my social life. My main aim of choosing to improve this skill relates to its ability to help me build better relationships with my peers, subordinates, the patients I serve, and other stakeholders. I followed the Plan-Do-Check-Act (PDCA) cycle to aid me in achieving my personal quality improvement goal. This involved formulating a plan of action to guide me on what I should do. I then implemented the plan, and collected data on the progress of the plan. Collecting the data enabled me to evaluate the success of my plan, hence determined the effectiveness of the plan, or need for modification (Neuhauser, Myhre, & Alemi, 2004). I intended to improve my non-verbal skills through improvement in my listening skills. This involved active listening, which meant giving my seniors, juniors, and other subordinates enough time for self-expression. This involved working on maintaining eye contact with whom I engaged. In addition, I had to work at complementing or contradicting their messages through such acts as nodding, and rolling eyes respectively (Videbeck, 2011). I was also to display acceptance through my posture whenever possible. This meant sitting beside, or across the people I interacted with, instead of behind them, which creates a physical barrier. I also planned to employ appropriate vocal cues, and avoid high pitches, which hinder effective communication. I hoped to treat at least 80% of the people I interacted with in this manner. This measure helped me to gauge my ability to communicate non-verbally, thus measure the effectiveness of my communication skills. The plan was undertaken for four consecutive weeks. During this time, the number of times that I failed to adhere to my plan were recorded on a daily basis in a daily recording sheet. The plan commenced on the 4th