Competitive Strategic Management: FGV Holdings vs. IOI Corporation

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Added on  2022/09/08

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AI Summary
This report provides an analysis of the competitive strategies employed by FGV Holdings, a major plantation company, comparing its approach to that of IOI Corporation. The report begins with recommendations for FGV Holdings, emphasizing the importance of strategic management, talent recruitment, and sustainable agribusiness practices. It highlights the need for diversification, strategic partnerships, and research and development to foster innovation and maintain a competitive edge. The report then delves into the strategic management concepts, emphasizing integrity, commitment, and cost-effectiveness. It stresses the significance of strategic partnerships, sustainable business practices, and green initiatives. Furthermore, it underscores the importance of research and development, investment management, and stakeholder engagement to enhance operational efficiency and generate value. The conclusion reinforces the importance of these strategies for long-term sustainability and success in the competitive landscape. The report also references the company's vision and values, and includes an abstract comparing the competitive strategies of FGV and IOI within the Malaysian plantation industry.
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Running head: CORPORATE STRATEGY MANAGEMENT
Corporate strategy management
Name of student
Name of University
Author note
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CORPORATE STRATEGY MANAGEMENT
Recommendations
It is recommended for the plantation company named FGV Holdings to make sure
that the strategic management is managed properly so as to ensure sustenance in the
competitive business environment. It has also been understood that the company aims
to manage sustainable agribusiness and thereby deliver values and benefits to every
stakeholders in business.
The company is also recommended to recruit the best talents and draw in employees
with the most relevant skills, knowledge and expertise for moving towards the right
direction and at the same time, remain committed to the long term mutually
supportive relationships with ease and effectiveness.
The company should also prioritise on the management of value chains for building
good connections and also attain the desired level of sustainable performance all
throughout
FGV Holdings must also adopt proper diversification strategies for facilitate the level
of investments to be done in the future as well as create good streams of revenue
along with competitive advantage in business as well
It is recommended for FGV Holdings to form strategic partnership and also aim at
working collaboratively with other plantation companies so as to promote greener
approaches and ensure management of sustainability and competitive edge over its
competitors as well
It is also recommended to conduct research and development activities for facilitating
the innovation perspectives
The management of agribusiness is recommended for promoting sustainable
manufacturing and production processes, thereby, meet the needs of stakeholders in
business
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CORPORATE STRATEGY MANAGEMENT
The management of environmental friendly goods is recommended as well for
delivering sustainable values and benefits, furthermore, become socially responsible
towards the community
The rising agricultural demands and expectations is recommended for preserving the
financial condition and promote collaboration and leadership
The needs and preferences of the stakeholders are needed to be monitored as well for
promoting stakeholder engagement as well as promote good partnerships for fulfilling
the needs of marketplace
The involvement of Government and regulatory bodies is recommended as well for
enabling good corporate governance and also manage better transparency, honesty,
integrity and enhance the efficiency of operational functions and processes
The change management approach is recommended as well for promoting better
management of change, innovation and teamwork all over.
Management of Government laws, rules and regulations is recommended too for the
purpose of establishing sustainable relationships, furthermore, promote campaigns
and programs required to benefit the stakeholders as a whole.
Conclusion
The report was prepared to discuss about the strategic management concepts, thereby,
promote integrity, commitment and also mange cost effectiveness for promoting innovation
and bring excellence in education all throughout. The formation of strategic partnerships and
management of sustainable business perspectives to bring about trust, integrity and also
manage sincerity and to build reputation and brand image. The management of enthusiastic
behaviours should also enable proper growth and development along with the management of
sustainable business functions and processes for gaining sustenance locally as well as
globally. The company, i.e., FGV Holdings should also adopt green initiatives so as to maage
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CORPORATE STRATEGY MANAGEMENT
resources sustainably and also focus on protecting the environment, furthermore, contribute
to the community and environment on a positive note. The research and development
activities also promoted innovation and at the same time, enabled maximisation of yield
along with increasing the rate of return on investments made. This would also help in
achieving a competitive edge over its competitors, furthermore, improve the operational
efficiency and make sure to innovate consistently as well as promote diversity at work.
Working in partnerships with other companies, especially, the small and medium sized
business, could also help in collaborative working and at the same time, establish a
sustainable position within the marketplace, furthermore, promote coordination, unity and
diversity at work as well. Moreover, it has also been found that the management of
sustainable relationships could also facilitate the production of good quality and environment
friendly goods and services that are required to contribute to the protection of environment
and also benefit the community as a whole. The management of investments is essential too
for making sure that the business organisation attains the desired level of working capital and
facilitate the management of business functioning. The acqusitions of resources and raw
materials should also help in generating higher return on assets and improve the management
of portfolio for balancing the structural inefficiencies and also deliver sustainable values and
benefits to the various stakeholders in business.
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