Isambard Kingdom Brunels Steamships

Grand Metropolitan SWOT Analysis and Strategic Options Essay

Executive Summary Grand Metropolitan is a multi-industry company that originally operated in hospitality industry but later expanded into food and beverage. The firm later focuses on the latter industry. Due to the economic growth in developing countries, Grand Metropolitan has the opportunity to expand their target markets abroad. However, political and social factors pose some threats to the company to reach their potential revenue. The company’s strengths include the firm infrastructure, procurements, human resource management, and technological developments being valuable and costly to imitate. The firm’s weaknesses, however, are their support activities not being rare in the industry†¦show more content†¦Healthier substitutes will have an advantage due to health consciousness and religion. Bargaining power of buyers is strong since competition is high in this industry. The pickiness of these consumers lowers suppliers’ bargaining power. Technologically, factors that drive the food and beverage industry are the Internet and affordable Chinese machineries. New entrants will have the advantage by buying cheaper Chinese machineries, which lowers their initial expenses. Substitutes will also have the advantage of promoting their products online. With the Internet, consumers can access information regarding the companies in the industry. A company’s good reputation can lower consumer and supplier’s bargaining power and vice versa. 2.2. Opportunities and Threats The economic growth in developing countries give Grand Metropolitan an opportunity to expand their market globally since Grand Metropolitan’s companies already established a fine image to the. The companies’ image also gives them the leverage to increase demand for their products. Despite the potential upsides they procure, Grand Metropolitan also faces a number of threats in the industry. Since the barrier entry is low in the food and beverage industry, many newcomers will enter the industry thus bringing more competition to Grand Metropolitan. MinimumShow MoreRelatedPearl River Piano Case5314 Words   |  22 PagesStrategic Marketing Management Written Case Analysis: Pearl River Piano [pic] I. Background 3 II. SWOT Analysis 4 III. Issue Analysis 7 V. Alternatives: 11 VI. Decision Criteria 13 VII. Application of Decision Criteria on Alternatives 15 VIII. Recommendations – Global Diversification by Higher-Value Brand 18 IX. Conclusion 26 X. Appendices 27 I. Background The Pearl River Piano group (PRP) had started as a Chinese state-owned firm in the mid-1950s. Due to low production costRead MoreAn Analysis on Taj Group of Hotels3620 Words   |  15 PagesGroup of Hotels through the specific analysis of Taj  (luxury full-service hotels, resorts and palaces), Taj Exotica  , Taj Safaris,  . Vivanta , The Gateway Hotel, Exotica Brand. 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Entrepreneurial Leadership for Managers

Question: Discuss about the Entrepreneurial Leadership for Managers. Answer: Introduction Entrepreneurial Leadership The concept of entrepreneurial leadership can be defined as a leadership style that is different than the traditional leadership style and focuses on the effective utilization of the skills of the individuals in the workplace of the organization to achieve the organizational objectives and vision. The entrepreneurial leadership style is different than the traditional leadership styles in a number of ways, which allow it to have more effectiveness in the workplace of any organization. The entrepreneurial leadership style can be implemented in the workplace of any organization, not just the startups or small organizations. There are a number of situations in which entrepreneurial leadership is more effective than the other forms of leaderships, some of which are mentioned below. Continuous Improvement The continuous improvement of the products and services provided by the organization allows the organization to maintain the high performance in the corresponding industry. The process of continuous improvement is achieved through the effective identification and fix of various gaps in the business processes of the organization. In such a scenario, the entrepreneurial leadership allows the business model or the individuals in the workplace to identify and fix the process gaps more effectively (Renko, 2015). Adapting to Changes The organizations operating in various industries need to adapt to various changes in the market in order to maintain their performance in the corresponding market. The entrepreneurial leadership style allows the individuals in the workplace of the organization along with the business model to be adaptive to all of these changes in the market, which in turn allows the organization to maintain its high performance in the corresponding industry. Enhancement of Innovation The enhancement of innovation in the business model of the organization allows the organization to have competitive advantage over the other organizations. The entrepreneurial leadership style allows the business model of the organization to redefine innovation along with the effective implementation of various innovative solutions (Koryak, 2015). New Ventures When the organization is starting a new venture or a new initiative to include a number of new business processes in the business model, the entrepreneurial leadership style allows an effective way of handling this integration. So the new ventures of an organization in the corresponding industry and market are managed and integrated with the existing business model of the organization through effective entrepreneurial leadership in the workplace. Maintaining High Motivation The entrepreneurial leadership style allows the management of the organization to maintain the high motivation of the employees in the workplace of the organization. The entrepreneurial leadership style has been proved to be more effective in increasing the motivation of the employees in the workplace and allows the organization to go ahead in the direction of achieving the organizational objectives (Pavur, 2012). Work Flexibility The entrepreneurial leadership style is proved to be more effective in maintaining the work flexibility in the workplace of the organization. The entrepreneurial leadership allows the employees to have effective flexibility in the workplace of the organization, which in turn increases the productivity of the organization along with the individuals in the workplace (Kansikas, 2012). References Kansikas, J., Laakkonen, A., Sarpo, V. and Kontinen, T., 2012. Entrepreneurial leadership and familiness as resources for strategic entrepreneurship. International Journal of Entrepreneurial Behavior Research, 18(2), pp.141-158. Koryak, O., Mole, K.F., Lockett, A., Hayton, J.C., Ucbasaran, D. and Hodgkinson, G.P., 2015. Entrepreneurial leadership, capabilities and firm growth. International Small Business Journal, 33(1), pp.89-105. Pavur Jr, E.J., 2012. Leadership for managers. The Psychologist-Manager Journal, 15(4), pp.269-274. Renko, M., El Tarabishy, A., Carsrud, A.L. and Brnnback, M., 2015. Understanding and measuring entrepreneurial leadership style. Journal of Small Business Management, 53(1), pp.54-74.