Strategic Choice and Evaluation Essay Example | Topics and Well Written Essays - 750 words

Strategic Choice and Evaluation - Essay Example This paper will look at alternatives Medtronic’s should consider to realize growth. The paper will assess the best value discipline, generic strategy, and grand strategy for the organization. The paper will conclude by recommending a combination of strategies the organization should put into practice. The best value discipline Medtronic’s should consider to realize growth is customer intimacy. This means that Medtronic’s will concentrate on providing services and products required by a particular client and not what is required by the whole market. Organizations, which are customer-intimate, develop relationships with their clients and are not after one time dealings. They dedicate their selves in satisfying distinctive needs, which frequently only they, by virtue of their profound knowledge, and intimate relationship with clients acknowledge (Grant, 2008). Therefore, for Medtronic’s to realize growth, their suggestion to the clients should be to provide t he best solution for them and offer all the assistance necessary so as to realize the best outcomes and at total minimal cost. The best generic strategy to be employed by Medtronic’s should be the cost leadership strategy. Generic strategies illustrate the techniques of attaining competitive advantage. This explains the techniques employed to establish the upper hand that gets the organization the sale and takes it away from rivals in the sector. There are two ways Medtronic’s may realize this by utilizing the cost leadership strategy. One, Medtronic’s may enhance earnings by minimizing expenses while utilizing industry-average costs. Two, Medtronic’s may augment market share by imposing reduced costs, while at the same time making a realistic profit on every services offered and of product sold because Medtronic’s will have decreased costs. One should bear in mind that cost leadership concerns lessening the cost to the organization of providing se rvices and products. Also, it should be noted that the price or cost paid by the client is a distinct matter. The cost leadership strategy entails being the leader with regard to cost in the market or industry. Being among the lowest-cost producers is simply not sufficient as Medtronic’s will leave itself wide open to competition by other organizations who offer services and products at a lower cost and, consequently, may emasculate Medtronic’s prices and, therefore, hinder its capacity to realize growth. Therefore, Medtronic’s needs to have confidence in attaining and retaining the leaders position prior to selecting the cost leadership strategy. Nonetheless, organizations that successfully realize the cost leadership strategy typically contain extremely adequate logistics, access to the funds required to invest in technology which will help lessen costs, and a reduced cost base, and a strategy of efficiently reducing costs beneath those of its rivals (Olsen, 2 012). The grand strategy that Medtronic’s should consider to realize growth is product development. Product development entails investing immensely in research and development so as to fashion innovative and new product offerings. Product development is fundamentally the reverse of market development. Pro

Globalization and State Power Essay Example | Topics and Well Written Essays - 3250 words

Globalization and State Power - Essay Example The South keeps on widening, it cannot be gainsaid that the political and military repercussions of this schism can significantly change the complexion and direction of inter-capitalist competition that, in turn, urn alter global politics in a manner that could change the nation-state as we now know it to be. In political society, we have governments (parliament the s; the legislature, executive, and judiciary), dominant political parties ("leftist", "centrist" and "rightist"), the police, the military service, penology, welfare service, central banks and national treasuries. The Constitution, of course, since it codifies the ideological will of political society. Many social foundations and educational institutions fall in this sphere. Included, too, are international global associations (World Bank, International Monetary fund, World Trade Organization, ASEAN, NATO, Warsaw Pact), etc. Civil war and war between states fall in this chunk. The capitalist nation-state is an embodiment of political society. The nation-state still clings to the throne as the prime cultural institution in contemporary political society. It is, however, fast losing grip. The end of the Cold War and the powerful wave of Globalization vastly reconfigured the world order. We have seen the end of the old colonial world and the rise of Islamic militancy in the mid-90s. Post-Cold War globalization served to unleash many pent-up social contradictions previously held hostage by the Cold War, like racial and ethnic clashes both within the North and South alike. The most profound changes, however, are in the economic realm. Globalization—the accelerated expansion and heightened contradictions of international capitalism -Â  is bound to intensify even more within the decade. (Hirst & Thompson, 2000) Vicious international competition among highly industrialized capitalist nation-states animates the world order. Economic globalization was mainly corporate-led.