Management and Organisations in a Global Environment - Research Paper 1
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The report reflects the discussion related to the e-learning activities which are discussed in the video. The e-learning activities that are discussed in the report are Strategy and CAGE framework. In the current era, strategy and Cage framework matters a lot for the business and even in the day to day activities.
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Running Head: Management and Organisations in a Global Environment Higher Education Faculty Assignment Cover Sheet Subject TitleManagement and Organisations in a Global Environment Subject CodeHI6005 LecturerLecturer Name Assignment TitleResearch Paper 1 Due DateFriday Week 5 Contact DetailsStudent IDYourStudentID Student NameYourName Student e-mail addressYourStudentID@my.holmes.edu.au I acknowledge that: 1. This assignment is my work. I acknowledged and disclosed fully any assistance received in its preparation and cited any sources from which I used data, ideas, words, either quoted directly or paraphrased. 2. This assignment was prepared by us specifically and only for this subject. 3. This assignment is identical with the work submitted via Self-Check on Blackboard.
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Management and Organisations in a Global Environment1 Executive summary The report reflects the discussion related to the e-learning activities which are discussed in the video. The e-learning activities that are discussed in the report are Strategy and CAGE framework. In the current era, strategy and Cage framework matters a lot for the business and even in the day to day activities. The strategy is the plan of the actions that the company is willing to take to resolve the issues. On the other hand, the cage framework shows the culture, administration, economic differences that take place between both the countries while performing the business deal.
Management and Organisations in a Global Environment1 Contents Introduction................................................................................................................................4 E-learning Activities..................................................................................................................4 Week 3 - What is the strategy?...............................................................................................4 Week 5- CAGE framework....................................................................................................5 Conclusion..................................................................................................................................7 References..................................................................................................................................8
Management and Organisations in a Global Environment1 Introduction The report talks about the theories and their respective example that is linked with the business in the current scenario. These theories are strategy and cage framework which were discussed in the week 3 and week 5 e-learning activity sessions. The successful application of theories is explained with the help of an example of a company. E-learning Activities Week 3 - What is the strategy? The term strategy refers to as the planning and directing the overall operations of the organisation that is essential to achieve the objective of the company. The analysis of the video reflects that the term is derived from the Greek term which refers to as โThe art of Generalโ (Grant, 2016). Along with the major discussion include the four questions: - ๏ทWhy do we compete? ๏ทWhat unique value do we bring? ๏ทWhat capabilities/resources do we utilize? ๏ทHow do we sustain unique value? Each and every company who deal in the competitive market ensure that they make the strategy for the same (Kryscynski, 2015). This will help them in meeting the four questions which are discussed above. In the video, the analysis of these four questions was done with the help of the real-life company that is Ikea. Application Samsung is one of the well-known South Korean companies who are the largest manufacturer of mobile phones and smart cells. The company is recognized by almost every member across the world. This is possible because the company made use of the strategy due to which they achieved the position in the market.
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Management and Organisations in a Global Environment1 Samsung strategy is to focus on the manufacturing of lithium-ion batteries. Along with this, they lead in the innovation in their products which offer a wide array of groundbreaking products. The innovation in the products is a strategy because this is the way through which the needs of the customers can be fulfilled by the company. This is the reason the Samsung company has 6 design labs that mainly focus on the technology advancement in the products. The advancement and maintenance of labs require huge funds with the help of which the technology advancement with innovation takes place. The company spend approx. 6 billion dollars annually on product research which helps in meeting the strategy of the company. This shows that the company made use of the resources and capabilities in the effective manner (Researchomatic, 2013). Samsung always believes in delivering the high-quality products with the innovative design as this helps in retaining the customers. The successful strategy application helps the company to generate the revenue which is essential for the survival of the company. In the year 2017, Samsung market value of the electronics products increased by the US $316 billion after overtaking Intel group. Along with this, offering the innovative products help the company in competing in the market with their competitors. The competitors like Nokia, Sony and others are getting tough competition because of Samsung strategy (Chang, 2011). Week 5- CAGE framework CAGE framework is the framework which shows how the two companies perform the trade with each other. These companies get influenced by the similarities and differences for the different factors that are available in CAGE. CAGE refers to as cultural, administrative, geographic and economic factors. The trade opportunities of the companies get affected due to the above-discussed dimensions. The business finds that there is an interaction between the two countries and companies (Carlson School of Management, 2015). This is the fact that every country is different but it is a little bit similar but rest the companies need to adjust to
Management and Organisations in a Global Environment1 the culture, administrative, geographic and the economic factors. After the globalization, the companies started trading in the international market due to which they adopted the CAGE framework which shows the dealing between the two countries. Application The application of the framework can be understood with the help of the Microsoft Company who implemented the framework. The company has expanded its business across the work and currently, the company has nearly a 90% share in the desktop operating system market. The company applied the framework which helps in understanding that there is the difference between the cultures of different countries but they adopted the same. Along with this, the company found that there is the difference between the administrations of the countries (Hasan, Ibrahim and Uddin, 2016). In addition, the different geographic dimension has the difference in the cultural values and different way of working. The company found different economic factors also affect the working. Though, the company accepted every condition of the countries and this is the reason that company currently hold a strong position in the market. In addition, the users or customers of the company are also aware of the OS system which is now available on new computers and laptops. This was possible because the company receive different demands from the customers at different locations which make the company to bring the changes in the services (Dudovskiy, 2017). The culture values of the company are clear from the team bonding at the different locations. Sustaining in the competitive market is possible due to effective teamwork and team bond. The company doesnโt get affected due to dimensions of the CAGE framework. Though, the company understand and accept that there are vast differences that they face while working in the different countries.
Management and Organisations in a Global Environment1 Conclusion In the end, it can be concluded that both the e-learning activities taught the lesson for theories that can be implemented by the companies so that they can sustain in the market. The report includes the explanation of the e-learning activities which include strategy and CAGE framework. The company like Samsung has adopted the strategy which helps them in achieving the success in the market. Along with this, the company get successful after implementing the strategy in the business. On the other hand, the CAGE framework is implemented by the Microsoft Company which supports the company to achieve the success across the world.
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Management and Organisations in a Global Environment1 References Carlson School of Management (2015)Pankaj Ghemawat: CAGE Framework for International Trade - Global Matters[Online]. Available from: https://www.youtube.com/watch?v=7FpUJaG7uMk[Accessed on 9thAugust 2018] Chang, S.J. (2011)Sony vs Samsung: The Inside Story of the Electronics Giants' Battle For Global Supremacy, John Wiley & Sons. Dudovskiy, J. (2017) Microsoft Business Strategy and Competitive Advantage[Online]. Available from:http://research-methodology.net/microsoft-business-strategy-and- competitive-advantage/[Accessed on 9thAugust 2018] Grant, R.M. (2016)Contemporary Strategy Analysis Text Only. John Wiley & Sons. Hasan, M.M., Ibrahim, Y. and Uddin, M.M. (2016) Institutional distance factors influencing firm performance: A hypothetical framework from cross-border mergers and acquisitions.The Journal of Developing Areas,50(6), pp.377-386. Kryscynski, D. (2015)what is Strategy[Online]. Available from: https://www.youtube.com/watch?v=TD7WSLeQtVw[Accessed on 9thAugust 2018] Researchomatic (2013)Samsung's Sustainable Competitive Advantage[Online]. Available from:http://www.researchomatic.com/samsungs-sustainable-competitive-advantage- 160561.html[Accessed on 9thAugust 2018]