This presentation provides an overview of organizational strategy and its importance in achieving long-term goals. It covers topics such as company overview, PESTLE analysis of Lucas Batteries, SWOT analysis of Lucas Batteries, and stakeholder perspective. The presentation also discusses the potential link with other companies in the industry.
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Organizational Strategy
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TABLE OF CONTENT INTRODUCTION MAIN BODY CONCLUSION REFERENCES
INTRODUCTION An organizational strategy is the sum of the actions a company intends to take to achieve long- term goals. Together, these actions make up a company's strategic plan. Strategic plans take at least a year to complete, requiring involvement from all company levels. This report includes questions such as Company Overview, Pestle Analysis of Lucas Batteries, SWOT analysis of Lucas Batteries, Perspective of Stakeholders, Industrial Position.
Company Overview The Lucas battery brand promises this high quality performance, no matter how harsh the conditions and that is why drivers trust Lucas to deliver power they can rely on. The diverse range covers much more than just the automotive market, with batteries specifically designed for many applications including marine, industrial, leisure, mobility and golf.
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Pestle Analysis of Lucas Batteries Political Factors- These factors play a role which is related to long term profitability of the company. They are operating in more than dozen countries which has lead to expose them to the risk and factors in different countries. To achieve success Lucas batteries has understood the impact of dynamic environment and the risk of every country they operate in
Industrial Position Lucasbatteriesismakingbatteriessincetheyear1910forthe automobiles. Since the last few years company has gained recognition in the market against brands such as Amaron and Exide. Apart from this they have improved their services and features such as warranty of the product which is more than any brand is offering in the market. To add they have developed batteries for every type of vehicle in the current market with a high range of life. Their management of supply chain is considered to be the best because of their outlets in many areas. That make it easy for them to interact with the supply chain and make changes if it is needed.
SWOT analysis of Lucas Batteries Strength- This company is the only company in the market that offers the consumer a service of lifetime warranty. They have huge network in the local areas so that service and repairing of the work is not an issue. Lucas provide batteries for almost every kind of car or trucks that are currently present in the market. They have invested in advertising and marketing aspects which is necessary to spread the awareness and that has helped them gain recognition in the market
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Perspective of Stakeholders People who come under this plays a role and have a impact on the company and their operations such as customers and suppliers. Every business has different nature some of them are more customer centric and some are not. That is why it is important to take the steps which are necessary as that is how the company can fulfill the requirement of the customers. Just like that Lucas batteries has selected their target audience which makes it necessary for the customers to fulfill the needs of them so that no issue arise from that area.
Potential link with other companies Ducati is motor cycle manufacturing firm,Lucas Batteries provides equipment's of cars to all companies.Pirelli & C. S.p.A is the type making company.Mercedes-Benz is the leading car manufacturing firm that provides luxurious car to consumers. All these firms are working in same industry but in different field. Mercedes can buy products from Ducati and Pirelli. Apart from this coordination between these firms can help all these firms in increasing their profit. As firms that are providing raw material can get more projects and business those which are producing cars can get quality material at affordable rates. Hence correlation between these entities can support in getting positive results.
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CONCLUSION From the above studies it has been concluded that many factors are taken to understand the structure of the organization that is Lucas batteries. Many approaches have been discussed and highlighted in which company can know the scope of improvement and weakness where they are lacking. It is clear that company needs to bring innovation into the market so that they can maintain the standard of their profit and satisfy their customers. Apart from this company has build a name in the market against giants such as Amaron and Exide.
REFERENCES Baruah, B. and Ward, A., 2015. Metamorphosis of intrapreneurship as an effective organizational strategy. International Entrepreneurship and Management Journal. 11(4). pp.811-822. Fosić, I., Trusić, A. and Šebalj, D., 2017. Digital organizational strategy: Ticket for competitiveness on the international market. Strategic Management. 22(3). pp.3-10. Markus, M.L., 2017. Datification, organizational strategy, and is research: what’s the score?. The Journal of Strategic Information Systems. 26(3). pp.233-241.