The strategic management process is consisting of five sequential steps: Environmental analysis, Establishment of an organizational direction, Strategy Formulation, Strategy Implementation, and Strategic control. Following the steps in figure 7.1, here is how Alibaba form 3 strategic planning to compete with Amazon in U.S. Overall Environmental Analysis: External Environment: To compete with Amazon in the U.S. market, Alibaba has to understand the environmental factors that can impact their short and long term plan. On the economic scale, U.S. market is still in the process of recovering from the financial crisis. The consumer and business still reluctant to spend. Additionally, the U.S. Stock market has been sluggish; the investor is constantly on a watch. Computer and retails industry reported a slow growth and dropped in their revenue. Job market reported slightly improve this year. However, the employment income level remains constant. Although the U.S. economy may not be in the best shape, it is still more promising compared to the slowdown of China’s economy. With more Chinese investor buying U.S. companies, it benefits Alibaba as the company can expand its network in U.S. Cultural difference can be quite a challenge. However, U.S. are known for diversity, mixture of all cultures. In fact, “Asians have emerged as the fastest growing of the three major ethnic and minority populations in the United States.”(Cox, 2015) For the long term, this rising geographic
ASOS is an international fashion retailer, which offers an extensive line of products, varying from high street to
For the simulation my company name was H Company. Below you will find the results to the 8-year simulation. H Company has been highlighted in the majority of screen-shots.
The Asian American population is a major facet of American life; beginning their lives as immigrants they have worked their way to become integral members of society. In 2010 there were 14.7 million Asian Americans living in the United States and in 2011 that number increased to 18.2 million.1 Culturally, Asian American people have traditions and beliefs that contradict those of the Western world.2 “Culture molds people’s values, attitudes, and beliefs; influences their perceptions of self and others; and determines the way they experience their environment.”10 As a result there are certain barriers that exist when communicating with Asian Americans due to their cultural background. Additionally, Asians living in America suffer from the Model Minority Myth, which typecasts these people as being financially and educationally well off in comparison to other ethnic groups.2 Due to this Asian Americans aren’t considered more at risk for many health risks compared to other ethnicities; cultural and physical barriers act as a hindrance to Asian Americans receiving healthcare services, primarily mental health related services.
Asian Americans are a very diverse group in the United States, which include many races such as Chinese, Japanese, Vietnamese, Korean, Filipino, Indian, and many more. Birth country, ancestry, and family heritage are ways to categorize this specific group. According to the 2010 Census, the Asian American population has grown faster than any other group from 2000 to 2010 (Pew Research, 2012). Asian Americans are either immigrants from Asia or are descendants of immigrants. Asian Americans have an extensive history in the United States, starting from the early 19th Century, when many people arrived to work in agriculture, construction, and low-wage jobs. Not until 60 years ago were foreign-born Asian Americans permitted to become U.S. citizens (Pew Research, 2012). The number of Asian Americans in the Unites States continues to increase, and the top six U.S. Asian groups include, Vietnamese, Indian, Chinese, Korean, Filipino, and Japanese (Pew Research, 2012). How do Asian Americans in the United States identity? Do they identify as being American, Asian, or a specific ethnic group? It is interesting to see how different people identify themselves. According to Pew Research, a small percentage of Asian Americans, 14 percent, identify themselves as being American, while only 1 in 5 people describe themselves as being Asian (2012). Therefore, the rest of the population identifies themselves by their country of origin. I argue that all Asian Americans identify differently and
Besides income, it is primarily measured in education, low crime rates and high family stability. For decades, Asian Americans are recognized as the most favorable and well known demographic to be the “model minority,” suggesting that as a whole range; they’re more academically, economically, and socially successful than any other racial minority group due to their presumed cultural values that affirm hard work, strong family values, and so
Asian Americans represent a large and rapidly growing segment of the U.S. population. A recent U.S. Census estimate puts their combined numbers at over 11 million people and predicts a better than tripling in population by 2050. They are exceedingly diverse, coming from nearly fifty countries and ethnic groups, each with distinct cultures, traditions, and histories, and they speak over 100 languages and dialects. Asian American diversity
Dissimilar sources plan altered steps involved in the planning process, but in this case I will discuss on seven steps that are involved in the entire process. The first step is goal setting. This basically involves coming up with the main objectives and goals that the company wishes to establish within a particular period of time. It is a very important section because the company will operate with a view of the goal in mind, if it is not clearly established, and then the business could lose direction along the way. After goal setting, we have development of the planning premises, where the plans are prepared and any underlying conditions defined. This is where there is an assessment of the environment and any constraints or
The United States of America is commonly known as a melting pot of different cultures and groups. Due to extensive immigration from numerous countries since the 1800’s, American society is characterized to be culturally diverse. Asian-Americans, who have a rich history in the United States, have positively blended into the American society with their inborn cultures. Asian-Americans have been identified as the largest group of immigrants with high levels of income and proper education. However, American society has traditionally been conservative and didn’t have particular interests for Asian-Americans. Instead, Asian-Americans were secluded from the activities of white conservatives and were labeled as a separate group altogether. Thus, in
American society is becoming increasingly culturally diverse. The 2010 Census indicates that the racial and ethnic makeup
Assume that you are asked to complete a SWOT analysis for a fictional, large, physician cardiology practice. You are having a hard time fitting all of the characteristics into the SWOT analysis categories. After careful deliberation, you complete the analysis and submit it for review to the practice manager.
Strategic Planning is one of the most fundamental factors in the success of an organization. This research project will discuss the importance of strategic planning as well as the different components of strategic planning. Many organizations fail to accomplish their goals and tasks due to the lacking of strategic planning. In order for their businesses to be successful, organizations need to be well informed about how the strategic planning process works.
The strategic management process is based on the belief that businesses should continually monitor internal and external events so timely changes can be made. To survive, firms must be able to identify and adapt to change. This involves timely planning, directing, organizing and controlling of the strategy-related decisions and actions of the firm (Camerer, 195-219).
Alibaba Group Holding Limited is a publicly traded in HangZhou, China. It start operate from 4 April 1999. Alibaba.com Limited, primary company of Alibaba Group, is the world’s largest online business-to-business trading platform for small businesses. Alibaba Group is a HangZhou-based group of Internet-based e-commerce businesses, including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services. Alibaba.com is a global website for members to find suppliers and buyers. Consumers can both sell and buy products on Alibaba.com. The company began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers
Alibaba Group is the world's outstanding business-to-business e-commerce service company, which provides an efficient online trading platform for buyers and suppliers all over the world. It is China's largest e-commerce group which was founded by Jack Ma in 1999, and has developed into seven affiliated groups, namely Alibaba International Business Operations, Alibaba Small Business Operations, Taobao Marketplace, Tmall.com, Juhuasuan, e-Tao and Alibaba Cloud Computing (News, 2012). Besides, Alibaba Group has more than 24,000 employees in 70 cities which scattered in China, India, Japan, Korea, the United Kingdom and the United States (News, 2012).
According to Management Study Guide ”strategic management process means defining the organization’s strategy” ”it is also defined as the process by which managers make a choice of a set of strategies for the organization that will enable it to achieve better performance” (Management Study Guide 2016). There are five stages of the strategic management process. The first stage is goal setting, which is to clarify the vision of your business by