Strategic Management Essay Example | Topics and Well Written Essays - 1250 words

Strategic Management - Essay ExampleFourthly, the company works to enhance the quality of the products through offering opposite cuttings and likewise renders potential education to the consumers in regards to different product characteristics. Fifthly, the company conducts effective after sales service and, thus, helps the customers to contact through phone and mail. Sixthly, the order sales talk time is well scheduled and also calls for refund within a period of one month if not satisfied with the quality of the diamond. (b) The company becomes adequate to render high quality diamonds and fine jewelry at seemingly competitive prices owing to the advantage of its potential supply chain system, the strategy problematic in reducing the apostrophize of operations and the mode of technology used. Inventory holding cost is reduced by the company with also the gaining of orders from the suppliers when the customer ultimately has made the order. This helps in reducing the ordering cost. Technology used in the diamond company is both traditional and modern, coupled with outsourcing activities conducted. This helps in reducing the cost of operation and, thus, renders low cost diamonds to the customers. (c) The subroutine of educating the consumers on the quality and features of the product helps the company in adequately maintaining effective customer relationship with the people. Thus, through this process the company can work in enhancing the brand aw arness in the larger market and in highlighting on the parameters of transparency and trade moral philosophy thereby helping in consumer retention (Thompson and Eastburn, 2010, p.127-130). Question 2 Google (a) I certainly would have bought the stock of Google for the company reflects an appreciation in its stock train by 18 percent during 2004. The appreciation of its stock level also shows the mass appeal for the initial public offering of the company and gain the different parties to the stock ownership o f Google also reflect significant gain in profits. Thus, it would not be a wrong decision in moving everyplace to purchase the stocks of Google. (b) Definitely, Google is one of the important and influential companies of the early twenty first century in that the company is continuously innovating on its search engine features by introducing key elements like online books, maps, social networking features like orkut and other blogging sites. This introduction of new elements, thus, attracts large number of visitors to its site also surpassing You Tube by revenues worth(predicate) $200 million during 2007. The search engine also renders commercial advantages through its Ad-word initiative, thus, covering every aspect of internet usage in the modern world. Again, Google also tends to enter the mobile technological interface through the use of Android technology helping users to use Google via their handsets. (c) The corporate gloss of Google reflects a different culture from the ot her corporate firms operating in the United States. It is found that the work culture at Google rests on employee empowerment and an adequate teamwork environment where the people are not measured on the basis of their individual actions. People are encouraged to help in boosting the system of innovation in the company and in spending their time on operations rather than involved in long hour meetings. Dependence on the company on their employees