Strategic leadership in changing world Essay Example | Topics and Well Written Essays - 2000 words

Strategic leadership in changing world - Essay Example The paradox strategy is explained further by the porter’s assumptions about the significant of generic strategies and Raynor assumptions that these strategies have a higher risk of bankruptcy (Eldring 2009:17). Hamel assumes that strategy is a stretch that considers the essential paradox on the leadership that cannot be entirely planned and does not occur in the lack of a clearly spoken and widely shared aspiration. Organizations with hybrid strategies may not be successful in the industry, but they lower risk of running into financial crisis. This is the essence of the strategy paradox and complementation to Porter’s findings, who did not take the risk variable into account. Organizations with hybrid strategies are much less exposed to strategic uncertainty than the organizations with pure strategies. Porter argued that it is an unwillingness to make choice that organization choose for a hybrid strategy, but rather a diverse and risk averse approach can be risk in the organization (Porter, 2008:26). Meanwhile, market based view on the work of Michael porter will be discussed and it assumes that profitability is established mainly by the structure of the industry in which the company operates. The industry structure is evaluated based on the five-force framework. Consequently, the RBV strategy is associated with the works of Hamel that focuses on the competitive advantage in the organization, but use an inside out approach. Meanwhile, it is the starting point for organization’s internal environment and is viewed as the alternative perspective to Porters five forces framework that considered as the industry structure (Delfmann 2005: 226). PORTER (MBV) Porters argue that industry structures within organization are positioned against structure that determines how profitable individual firms should be. In the MBV framework, it is a critical task to analyze the industry structure to establish an ideal positioning and align value chain positionin g in the organization (Delfmann 2005: 226). Porter identified three generic strategies that include differentiation, cost leadership and concentration on selected areas to explain its positioning strategy. Thus, the significant critique of the MBV is based on its outside in perspective because it does not consider company internal aspect. Porters point out that the MBV has the significant impact on the strategic business unit level. He argues that this approach provides an efficient model of evaluating the nature of competition within an industry. Based on the MBV perspective, competitive advantage arises from an organizational dominance position within its industry. Thus, organizations can achieve a dominant position by employing a generic strategy (Weigl 2008: 90). The organizations with this dominant position produce monopoly rents since they thrived in restraining productive output. Porter argues that monopoly rents can be produced by intentionally restricting output in respect to competitive levels. Meanwhile, it can include the analysis of behavior and in respect to market position of competitors. The MBV helps the firm to position in its environment, create barriers for competitors, and protects its business. Therefore, the organization can exercise market power and earn monopoly rents. Meanwhile, Porter develops

Human Resource Management Term Paper Essay Example | Topics and Well Written Essays - 2250 words

Human Resource Management Term Paper - Essay Example While employees may be dismissed on the grounds of downsizing the organization mostly due to constant loss making, most instances incorporate employees being terminated due to poor performance as well as neglect of their duties (Bernardin 218). The correct termination procedure for a poorly performing employee would involve communication to ensure that the subject individual is well aware of the organization’s rules and what is expected of them. In the instance where the employee performs poorly and comes to work late, then the manager should inform them on that issue in a timely manner. This ensures that if it comes to the point that the employee is dismissed, then they do not argue that they were not aware of poor performance. Besides arriving to work late, if the employee does not fulfill the duties that have been entrusted on them by the organization without acceptable reasons such as not having been trained adequately to undertake those specific tasks, then the subject in dividual is eligible for termination. However, they should be warned regarding their wanting performance where if they do not improve, chances of dismissal increase. Some employees take unreasonably long breaks, which affects the performance of the organization. Such reasons may lead the manager to contemplate terminating the subject individual where they assess all required information for justified termination. The description of a bad employee in an organization that decided to terminate them meets the mentioned shortcomings ranging from arriving to work late and not fulfilling their duties to taking perversely long breaks. When the manager decided to terminate the individual, there were certain questions that they had to answer so as to be justified on pushing forward with the identified decision. First, the manager determined whether they had enough grounds to terminate the employee. Grounds may be given in