BUS 523 Strategic Management Project Presentation

Below is the Project Presentation slides of BUS 523 Strategic Management- prepared by Cherri Chiang and me.

CALMAT - BUS 523 Strategic Management Group Presentation

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BUS 523 Week 7 Assignment 5

Assignment 5
Chapter 7 ideas - Strategy Implementation

After reading this chapter - it trigger me to take the lead and initiative to implement the following 5 areas of improvement to build a High-Performance team which will take care and integrate below mentioned Functional strategies:

• Operations Strategy
• Research and Development Strategy
• Information Systems Strategy
• Human Resource Strategy

BUS 523 Week 3 & 5 Assignment 3 & 4

Assignment 3 & 4
Chapter 3, 4,5 & 6 ideas - Organizational Resources and Competitive Advantage/ Strategic Direction/ Business level Strategies/ Corporate Strategies

Another case study that will help to further elaborate the main points and ideas.




The Caterpillar brand represents the corporate entity, founded in 1925.
Caterpillar manufactures more than 500 products to serve construction, mining, forestry and power generation applications (broad product and business diversification)
More than 170 manufacturing facilities and thousands of suppliers around the world and distributes products in more than 190 countries.

Caterpillar's vision is a world in which all people’s basic requirements – such as shelter, clean water, sanitation and reliable power – are fulfilled in a way that sustains our environment.

Caterpillar's mission is to enable economic growth through infrastructure and energy development, and to provide solutions that protect people and preserve the planet.

Caterpillar's strategy is to provide work environments, products, services and solutions that make efficient use of the world’s natural resources and reduce unnecessary impacts on people, the environment and the economy. This means that Caterpillar leverage resources including technology and innovation to:


Caterpillar Inc's Future Strategy:
Vision 2020 strategy sets the stage for the next phase of the company’s leadership and growth in the global industries it serves.
The strategy includes a vision of the future where:

• Caterpillar is the recognized leader everywhere it does business.
• Caterpillar's products, services and solutions help our customers succeed.
• Caterpillar's distribution system is a competitive advantage.
• Caterpillar's supply chain is world class.
• Caterpillar's business model drives superior results.
• Caterpillar's people are talented and live Our Values in Action.
• Caterpillar work today helps our customers create a more sustainable world.
• Caterpillar's financial performance consistently rewards our stockholders.
  

Goals for the next five years are focused in three areas:

• Delivering superior results: Caterpillar aim to be a great long-term investment with total shareholder return in the top 25% of the S&P 500.
• Developing the best team of people: Employees will have a great, safe and inclusive place to work.
• Becoming the global leader everywhere we do business: Ensure customers will make more money with Caterpillar than with competitors.
  

Caterpillar's Critical Success Factors:
Culture.
Create a culture of sustainable development in all our business units and in all our daily work.

Operations.
Be consistent with our sustainability principles and contribute to enterprise-sustainable development goals.

Business Opportunities.

Identify and pursue business growth opportunities created by sustainable development.

Caterpillar capability/ competitive advantage - The Differentiator

What sets Caterpillar apart?

• 80 years of global product support heritage
• Solution leader
• Superior customer service through 180 Dealers - 1,890 Dealer branch stores; 1,467 Dealer rental outlets
• Enabled by world class parts distribution - Cat Logistics distributes more than 750,000 unique Caterpillar part numbers, with worldwide parts availability of 99.7%
• Caterpillar’s ability to get the right part in the right place at the right time separates us from the competition
• Broad and well establish history of international expansion.

Caterpillar Financial Analysis

A strong financial background and history established will help Caterpillar to continue to growth and maintain as the market leader. Below is the financial analysis outlook of Caterpillar Inc.

Caterpillar Corporate Social Responsibility - Core values:

• Integrity
• Excellence
• Teamwork
• Commitment

The Caterpillar Production System (CPS) is the common Order-to-Delivery process being implemented enterprise-wide to achieve our Safety, Quality and Velocity goals for 2010 and beyond.
The ultimate goal of CPS is the elimination of waste. Waste is any activity that consumes resources, but creates no value for the customer.

Caterpillar Expansion strategies:

Broad range of product categories - over 500 products

In addition to increasing sales of its core products, much of Caterpillar's growth has been through acquisitions - acquired 34 companies since 1951.

BUS 523 Week 1 Assignment 2

Assignment 2
Chapter 1 ideas - The Strategic Management Process

Game time! But wait - let's first ourself few questions to make sure we are ready to play/ get involve in the game.

• What type of game?
• The rules of the game?
• Understanding the process?
• What resources i have?
• What is the external and internal environmental need and analysis?
• How you formulate the strategic direction, implementation and control?
• How to control your stakeholder?

Referring to the Stakeholder Analysis and managing the stakeholder means Managing Up to me.

Therefore, below are my favorite and important points on how to Manage Up as part of the strategic thinking and management.

• Be good at what you do
• Listen - don't just hear the boss
• Under promise and over deliver
• Over communicate - always
• Pick your battles
• Ask for responsibility, don't wait/ expect it to be given to you
• Don't burn your bridges
• You are not competing with your co-worker

Chapter 2 ideas - The External Environment

I have selected below personnel as the case study as he manage utilize the external environment to achieve his status today.

He is Carlos Slim - Mexican telecom tycoon who is also the first man from a developing nation to become the world's richest person.

He is both pride and anger in Mexico, where many see his fantastic wealth in a poverty-afflicted nation.


Sociocultural/ Political/ Economic Forces
This is part of what is wrong with the Mexican political system and the corruption in the circles of power, that allow there to be a few rich people and millions of poor. While Mexico belongs to the Organization for Economic Cooperation and Development, whose 30 members constitute the world's most important market economies, it is also a developing nation. More than 50 million of Mexico's 107 million people live in poverty.

Technological Forces & Monopoly

Slim's empire of retail, telecom, manufacturing and construction companies dominate the Mexican commercial landscape it is often easy for Mexicans to find themselves talking over:

• Slim-operated cell phone at a Slim --> owned shopping center waiting to pay a bill to a Slim --> owned company at a Slim-owned bank.
• If the line is too long, they can catch a quick coffee at a Slim-owned restaurant.
• His Telmex telephone company controls 83 percent of land lines in Mexico and is the leading Internet service provider.

Competitive Forces

Slim is a civil engineer by training, he has bought up troubled or government-owned companies of all types, fixed them up and resold them for huge profits. That kind of thrifty eye for undervalued businesses has served him well, especially after the market downturns in recent years.

Slim’s philosophy:

"Wealth must be seen as a responsibility, not as a privilege. The responsibility is to create more wealth. It's like having an orchard; you have to give away the fruit, but not the trees."

BUS 523 Week 1 Assignment 1

Assignment 1
Edmond's Personnel Strategic Planning

Vision:
Develop a long-term strategy to manage and control my personnel financial.

Mission:
To have USD$1,000,000 worth of assets/ money by 2016.

SWOT:

• Strength:
• Have a stable job and income.
• Positive track of record in stock market investment.
• No bad credit history.
  
• Weakness:
• Poor accounting background.
• Poor Financial control and tracking.
  
• Opportunity :
• Studying CALMAT MBA
• Investment in stock market, bonds, funds and property (new) - house prices are declining recently, so I should save money and invest in property that may bring 150% to 200% ROI.
• Business venture
• Threat:
• Tax rate is high for a foreigner like me in US.
• Unstable global financial market.

Strategies:

• Develop & implement a monthly and annual budget tool to keep track my financial status.
• Save 25% of my salary for investment and build a monthly emergency fund – 5% of my salary.
• Establish good credit history in USA.
• Venture into business after completion of MBA studies by Dec 2010.
• Market survey, financial studies and up to date article readings as part of the financial environment scanning for opportunity.
• Develop a roadmap or plan to become a US Dollar millionaire by 2016.