Strategic Management division of Procter & Gamble
It is important for Strategic Management division of Procter & Gamble, which is a major multinational business in roughly each country in the world to anal size whether the decision to change headquarter is beneficial or the company. In the past the firm seems to have been conducting more business in countries outside US, where the company’s headquarters is located. Governments of countries such as UK, Singapore as well as Bermuda .They have approached senior executives at the company of their willingness on lucrative to move their headquarters to their nations. The management need to take strategic steps analyze the issue before coming up with a decision.
The identification of the firm’s market opportunities need to be a big factor in terms of relocation of the company’s headquarter. No decision should be undertaken before identifying the company’s market opportunities as well as appraising the development and potential profit held by each one of them. A firm opportunity can be plentiful or even scarce in terms of a prevailing circumstance ranging from unsuitable to being wildly attractive. The evaluation of a company’s attractiveness and market opportunities necessitates manager to viewing each market a suitable opportunity. It is obvious that not every country is equipped with the necessary resources to pursue each opportunity successfully regardless of the available market. A country with market opportunities relevant to a company has to match up with the firm’s financial as well as organizational capabilities.
At the same time, the strategic management division has to identify the future company’s profitability in addition to competitive well being before relocation of P&G headquarters to any country. Threats can be emergence of cheaper and better technologies by rivals in terms of introduction of latest and improve products in a country. At the same time, the entrance of foreign competitors to the stronghold of a company and new regulations remains burdensome to a firm compared to it’s competitors. Other factors to be taken into consideration are interest rise vulnerability, probability of a hostile takeover, harsh demographic shifts, and adverse foreign rates of exchange. Such threats can pose an extreme adversity degree and make a company situation quite tenuous. The job of strategic management division of P&G company should be identifying the firm future prospects and evaluate the strategic actions to be taken to neutralize and even reduce the impacts of relocation of it’s headquarters. It is important to make the firm’s key success list as they provide useful conclusions in terms of a firm competitive situation. In addition, the ratings are beneficial in highlighting how a firm compares in different countries n terms of markets weakness and strengths. Lastly the main work of the strategic division is to ensure ant decision taken in terms of relocation of the company’s headquarter has to be beneficial financially to the company.
A successful leader must identify the best growth opportunities for employees and organization. This can be done by conducting regular meetings with staff to talk about their developmental needs. In the meetings as a manager, it is necessary to explore their present performance, and recognize areas that need improvement. The next step involves creation of a developmental plan to ensure any gaps in terms of skills are filled and the team members prepared to tackle future challenges. As a leader putting a lot of effort in terms of developing individuals considered future leaders should be a priority. The identification as well as developing of competent managers will ensure that there are trained people ready to fill the new leadership positions unlike being forced to recruit untested people.
Ethics remains a strategy component as each business has to secure it’s future by ensuring they make a contribution. The action of contributing is obviously an essential and ethical activity. The identification that contribution and value maximization needs to be the field of strategy is beneficial to any firm. Profit is equated to the value a market attaches to a company’s contribution and the effectiveness with which the contribution is made.
Outline the pros and cons of corporate ethics.
Business ethics provides firms with competitive advantage.
Consumers are able to learn to have confidence in ethical brands and stay loyal to them in difficult periods.
Society tends to benefits from business ethics as ethical companies distinguish their social tasks.
Restrictions on company freedom benefit wider society.
Business ethics often reduce a firm’s freedom to maximize all its profit.
Practices, which are acceptable in a country like child labor, poor health, safety, poverty wage level and coerced employment cannot be tolerated by any ethical company.
Working conditions improvements like living wage in addition to minimum health tends to reduce cost-savings levels, which is generated by the company.
Ethics is likely to result to lasting competitive advantages. Decisions taken in an organization can be made by a person or group, influenced by a company culture. The decision of behaving to behave ethically is considered a moral one, as employees have to decide on the right action to be taken, when making a decision.
Procter & Gamble Company Headquarters (cincinnati, Ohio). Garden: Detail of Park and P&g Tower. , 20050516. Internet resource.