Analyzing World’s Most Admired Companies Assignment
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Added on 2020-04-21
Analyzing World’s Most Admired Companies Assignment
Added on 2020-04-21
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Running Head: Analysing World’s Most Admired CompaniesStrategic Management
Analysing World’s Most Admired CompaniesTable of ContentsQuestion 1..................................................................................................................................2Procter & Gamble...................................................................................................................2Apple Company......................................................................................................................3Starbucks................................................................................................................................4Question 2..................................................................................................................................5SWOT Analysis of Café Chit-Chat........................................................................................6References..................................................................................................................................71
Analysing World’s Most Admired CompaniesQuestion 1Strategic management is concern about the planning and construction of strategies that are implemented to ensure the development of the organization. As per the Fortune “Most Admired Companies” 2010 the top 10 companies were: Apple, Google, Berkshire Hathaway, Johnson & Johnson, Amazon.com, Procter & Gamble, Toyota Motor, Goldman Sachs Group, Wal-Mart & Coca-Cola (Fortune, 2010). In the list of most admired companies of 2017 following companies are included: Apple Computers, Amazon.com internet services and retailing, Starbucks food services, Berkshire Hathaway, Disney Entertainment, Alphabet Internet services and retailing, General Electric Industrial Machinery, Southwest Airlines, Facebook Internet Services and Retailing & Microsoft Computer Software (Fortune, 2017).Procter & GambleThe Procter & Gamble was the company that was listed in most admirable companies in 2010 but was not added in the list of 2017, one of the reasons that could be cited is that there were many products launched by P&G but the thing that could be noted is that those were not innovated by Procter & Gamble and this might be the reason of the downfall that thecompany faced. The core competencies of P&G are that it sets the challenging goals but yet they are the acceptable one. They believe in grabbing the opportunity and setting up the trendin the market. The strategies of P&G are unique as well; they adopted the formulation, implementation, and controlling strategies so that corrective actions are immediately taken. The HR policy is divergent in P&G they appoint the competent force of human resources andrender appropriate training and development to these competent humans and ensures the development of the company (Reingold, 2016). The competency that diversifies the companyfrom the competitors is the on-time decision making by the company. The company favors the competitive advantages and accordingly take the decisions. They take right decisions at the crucial times and keep a viewpoint to consider every small thing so that they do not grow up to shape a big problem. The business model that the business adopted is innovation. The company CEO quotes that innovation is considered to be the heart of their business model.2
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