Strategic Management Report: Comparative Analysis of Three Companies

This report delves into the strategic management practices of three corporations: Dynaudio, Bang & Olufsen, and Bose Corporation. It begins with an introduction to the importance of business strategies in fostering innovation and adapting to change. The report then provides an overview of each company, detailing their founding, primary products, and the strategic solutions they employ. For Dynaudio, the focus is on building a culture of engagement and the application of motivational theory. Bang & Olufsen's approach, including the "Pole Position strategy" and the use of leadership theories, is examined. Bose Corporation's sustainability approach and the application of learning theories are also discussed. The conclusion emphasizes the significance of strategic management for problem-solving and decision-making in modern organizations. The report references relevant academic sources to support its analysis.

Strategic
management
(SET-2)

Content
 Introduction
 Overview of Dynaudio
 Overview of Bang & Olufsen
 Overview of Bose corporation
 Conclusion
 References

Introduction
Business strategies are essential to formulate by all organisations as it
provides the strategic solutions to businesses for encouraging their
employees to accept the changes as well as bring innovations. The
companies also adopts some theories also in order to motivate their
workers. For this three companies are taken in order to research
their strategic solutions.

Dynaudio
It was founded in 1977 in Denmark
which is a Danish loudspeaker
maker company as it builds
speakers by using only their own
drivers. The company adopts
some strategies in order to get
high profit and customers in the
market.

Strategic solution of the company
Building a culture of engagement: In order to get an advantages of
innovation a company focuses on the development of their
employees and increase their engagement in performing business
activities. The positive working environment helps Dynaudio to
maintain and develop better environment and involved their staff in
business activities.

Theory:
A Dynaudio applies motivational theory in order to encourage and
motivate their workers for brining innovative ideas, thoughts as well
as opinions that are helps in increasing the company's performance
and profits. By using this theory a company fulfil their employees
needs and satisfied them with their job roles that increase the
potentiality as well as productivity.

Bang & Olufsen
Company overview
It was founded in 1925 in Denmark and
deals in designing and manufacturing
electronic appliances such as telephones,
multimedia merchandises, telecasting,
music systems and so on.

Strategies followed by company to bring new
products
The company adopts “Pole Position strategy” in order to formulate a
clear goal, directions as well as strategies to face the competition in
the marketplace. This is to be formulated for the purpose of
fulfilment objectives that are prepared after analysing market
conditions such as product development, technological
advancement, cost cutting, global sales and so on.

Theories followed by company
A company B&O apply leadership theories to bring the innovation in
the company's product, process, structure etc. Leadership theories
are required by the company in order to lead their positions in the
marketplace as leaders are developed to lead the changes as well as
has ability to influence the team member accordance to the
implementation of changes.

Bose corporation
It was founded by Amar Bose in 1964 as a
manufacturing company that mainly
sell audio equipments. It is well known
for the home audio systems as well as
speakers, headphones, speakers etc.

Strategies followed by company to bring new
products
A company Bose corporation adopts Sustainability approach as a reflation of
its essence and values that are used to support their commitments along with
business integrity and threats irrespective of others. The company aspires to
inculcate sustainability into their day to day work across the company which
helps in shaping their thinking as well as way of doing businesses.

Theory followed by company
The company adopts learning theories to teach and develop their
employees mindset towards the adoption of changes and implement
sustainable strategy to get a high success in the market. As it will
assist in the development of individual learning and experience for
the better doing activities.

Conclusion
It has been concluded from the above discussion that strategic
management is essential for every organisations in order to solve
problems in a strategic manner. As it consider many strategies,
approaches and theories to solve their problems. In this discussion
mainly three kind of corporation is consider for the purpose of study
about strategic solutions.

References
Cheng, A. and et. al., 2015. Perception of CPR quality: influence of
CPR feedback, just-in-time CPR training and provider role.
Resuscitation .87. pp.44-50.
Collins, K.F., Muthusamy, S.K. and Carr, A., 2015. Toyota production
system for healthcare organisations: prospects and implementation
challenges. Total Quality Management & Business
Excellence .26(7-8). pp.905-918.
Harrison, F. and Lock, D., 2017. Advanced project management: a
structured approach. Routledge.

Thank You