Stratgy Essay Example | Topics and Well Written Essays - 1500 words

Stratgy - Essay Example The available work force and resources is the most essential asset to attain the set objectives (Trapczynski & Thomas, 91). Therefore, the company focus on preserving the health and safety of employees remains a crucial part in every phase of the business operations. The aim of the memo is to provide a strategy plan for the company to the CEO for one and ten years’ time. The company has been operational for a few years and has managed to attain tremendous progress. Establishing a memo to the CEO,that highlight the company’s strategic plan for one and ten years’ time will provide an essential blue print forplanning future global operations. Colorado Company’s international goal: To reach a diverse market segment and become a dominant leader in the fast growing Applied Control Equipment industry Strategy 1:Colorado Company to attain the set global plan of gaining a diverse market segment will require more resource allocation within china and other targeted a reas abroad. In one year, the company will require to open up new branches locally in China to attain its set goals. The business environment in China is appealing to investors due to existing and emerging opportunities. The company opening up new branches will provide a platform for increasing returns. The company to attain maximum possible returns would need to employ business strategies that align to the prevailing competitive forces. This will ensure Colorado Company optimizes on the existing opportunities to attain its potential. The company strengthening its position locally in the Chinese market would be an added advantage of expanding globally. The Chinese business environment is diverse thus capturing the wide market segment will guarantee maximum exploitation of the existing opportunities. Different business environments have varying traditions and culture. The company carrying out studies regarding the safety practices, as well as, priorities in the different markets will be pivotal in designing effective business practices. China offers a diverse market hence easier to emulateothermarkets abroad. In one year, the company needs to have penetrated the local market through business practices that align to the prevailing conditions. The company capturing a significant market share would guarantee more revenue for expansion purpose. The company has a culture of creating products that relate to the various business environments. This is an advantage for a company operating on a global level, as it can attract customers from different heritages that still recognize their roots (Trapczynski & Thomas, 99). In ten years’ time, the company will have established itself in both local and global market for it would have understood the diverse cultures. Objective 1: To attain a significant market share both locally and globally. Understanding the different business cultures in the emerging market will be crucial in employing relevant business practices tha t would enhance the potential of the company. In one year, the company needs to strengthen its position locally to enhance its potential. This will provide an appropriate platform for expanding globally over the next ten years period to increase its market share. Strategy 2: Colorado Company creating competitive advantage features through employing an innovative strategy to enhance product quality and customer satisfaction. The success of the company is based on a production

Human Factors in technology Essay Example | Topics and Well Written Essays - 500 words

Human Factors in technology - Essay Example However, technology had to progress, since it was unthinkable to hinder its journey towards a better and easier world. The first significant change I had to experience was the decrease in human contact that the Credit/Debit Cards, ATMs and telephonic and electronic transfers caused. It seemed in the beginning that the career prospects of a banker will become bleak due to these developments. There seemed little scope in such a scenario for many of us who spent quality time to acquire communication and interpersonal skills as part of our job training. The entire concept of working in the front office had been changing very fast. Though it took time for me to get acquainted with the new system, many of my apprehensions were proven wrong as I learnt how these skills were still relevant, even more so, in the technologically advanced scenario. Moreover, there were many customers, especially senior citizens, who needed time to get accustomed to the changes. They needed assistance from us, and this led to a stronger link with the customers. Any new advancement in the field brought in situations where many c ustomers needed support from us, and the human interaction involved in banking did not in fact decrease over time, though its dimensions have changed, as in every aspect of life. The fact that my profession called for a clear knowledge of the technological aspects related to it was in fact a blessing in disguise. Many of my senior colleagues found it difficult to gain or update their computer and electronic communication skills. However, the younger generation who were more open to these changes and eager to keep abreast of the technological advancements got a chance to learn more through their job trainings and refresher courses. This had in fact made many of us capable of meeting the new challenges in banking and other fields as well. For many of us, it was also an opportunity to get familiarized with the international