Contemporary Management: Elevator Pitch, Case Studies and Analysis

Running head: CONTEMPORARY MANAGEMENT

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CONTEMPORARY MANAGEMENT
Table of Contents
Elevator Pitch (Topic No. 6)......................................................................................................3
Response....................................................................................................................................3
Introduction............................................................................................................................3
Relevant Solution and its relevance.......................................................................................3
Action Required......................................................................................................................3
Elevator Pitch (Topic 8).............................................................................................................4
Introduction............................................................................................................................4
Solutions.................................................................................................................................4
Action Plan.............................................................................................................................4
Case Study (Topic 7): Managing strategy [watch where you are going]...................................4
Response to the issues................................................................................................................4
Analysis of the electronic retail industry of Australia............................................................4
Porters Five Forces.............................................................................................................5
Strengths and Weaknesses..................................................................................................6
Case Study (Topic 9): Managing People (Minds, Hands and Heart).........................................7
Outcome of the Case Study....................................................................................................8
Conclusion..................................................................................................................................8
Reference List............................................................................................................................9

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CONTEMPORARY MANAGEMENT
Elevator Pitch (Topic No. 6)
Response
Introduction
Operations in the business atmosphere of the VUCA world involve a direct and
specific approach to deal with the internal factors like handling of the employees. Other than
that, representation of the business practices that the successful companies have applied in the
context of the same VUCA world is also of utmost importance.
Relevant Solution and its relevance
Light footprinting is an effective strategy for operating in the VUCA world. The
organisation focused upon, in this topic has itself been created as a consequence of business
threat. The owner Reed Hastings founded Netflix for saving himself from paying penalty to
Blockbuster. I think in a VUCA world, the business strategy of companies that operate with
big data should be extremely proactive. In my opinion the company should adopt a
complimentary policy and thereby respond to the changes in the customer market and
corporate market very promptly. Generally, the corporate atmosphere in VUCA worlds are
animose to the new entrants. Hence collaboration with local operators and generating value
for the local enterprises should turn out to be a successful business strategy.
Action Required
In the VUCA world, the company should give utmost importance to the issues of the
stakeholders. Netflix should create new web series cast on the background of the local issues,
or allow giveaways which have a straightforward significance with the local factors. Local
data networks should be considered as important stakeholders also.

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CONTEMPORARY MANAGEMENT
Elevator Pitch (Topic 8)
Response to issues
The values generated by the organisational culture and HR management in any
company is really essential. Sam needs to focus at the employees hiring process and the
onsite training process in order to develop an integrated work culture in the workplace.
Introduction
The elevator pitch is focused on suggesting Sam about how to improve the workplace
conditions and make the internal atmosphere amicable.
Solutions
I suppose Sam should implement a policy that could acquaint newer employees with
the work regime. In the introductory phase the employees should be given a fair idea of the
organisational goals, which would make them more oriented with the objectives of the IT
team of the company.
Action Plan
Sam should encourage his employees by making them acquainted with the work
cultures of the bigger IT companies. Hence, a strategic training program can be arranged.
This may have impact on the mind-set of the employees as well as help the IT department
learn about the technological innovations and newer infrastructure that would be required by
them for ensuring success.
Case Study (Topic 7): Managing strategy [watch where you are going]
Response to the issues
Analysis of the electronic retail industry of Australia