Best Practice Companies in
Global Strategic Management
Craig W. Roggow
Multimedia Formats
1.
To view the website publishing of this research
project and all presentation formats:
http://mergerandacquisitionstrategies.org/bestpractice-companies-in-global-strategic-management/
2.
To obtain a PowerPoint training file of this
presentation separately:
http://mergerandacquisitionstrategies.org/wpcontent/uploads/2013/02/best-practice-companies-inglobal-strategic-management-presentation_roggow.ppt
3.
To view the video training of this presentation
separately: http://youtu.be/PReAZYMS4dk
Introduction
Strategic management is among the most
significant perspectives for business entities.
Strategic management encompasses all
operational aspects within an organization.
The exemplary frameworks for global
strategic management have been influential
in the success of Wal-Mart and PepsiCo.
Objects of this Project
Identify what these best practice companies
do within global strategic management.
Define the similarities between Wal-Mart and
PepsiCo.
Describe major differences between Wal-Mart
and PepsiCo.
Critique Wal-Mart and PepsiCo best practices.
Explain how to implement best practices.
Best Practice Companies:
Wal-Mart
An exemplary framework for recruitment and
maintenance of employees.
The fantastic human resource systems apply to
all Wal-Mart outlets in the globe.
Operations are streamlined through an
effective inventory system.
Best Practice Companies:
PepsiCo
Famed across the globe most notably for being
Coca-Cola’s main competitor.
Its success in United States has been replicated
in other markets across the globe.
PepsiCo has a foothold in all continents.
This exemplifies the firm’s extensive
involvement in international business.
Similarities between
Wal-Mart & PepsiCo
Both firms have been largely successful in their
respective fields.
Both companies have an expansive employee
base that stretch across the globe.
The business strategy for both firms is
characterized by a global perspective.
Differences between
Wal-Mart & PepsiCo
They have different approaches towards the
implementation of technology.
They use employee reward and motivation
schemes.
Different promotional/marketing strategies.
Critique of Best Practices:
Wal-Mart
Wal-Mart has done incredibly well in rewarding
employees.
The firm has excellent internal management
systems.
The company uses innovative technology such
as radio frequency identification standards
extensively.
Critique of Best Practices:
PepsiCo
The global strategic management framework
has various weaknesses.
The mechanism for technological integration
has not been effective.
PepsiCo has not streamlined its framework for
human resource systems.
Implementing Best Practices
The integration of all stakeholders is
extremely crucial.
The use of the experience curve would be
beneficial.
A comprehensive cost-benefit analysis
framework would enhance implementation.
Conclusion
The exemplary frameworks for global strategic
management have been influential in the
success of Wal-Mart and PepsiCo.
As a major multinational entity, PepsiCo has a
foothold in all continents.
Wal-Mart’s strategy encompasses the
implementation of modern technology
Blog Post
For a full report on this project please visit my
blog post:
http://mergerandacquisitionstrategies.org/bestpractice-companies-in-global-strategicmanagement/
References
Briscoe, D. and Claus, L. (2009). International human resource
management, Routledge: New York, NY.
Brown, D. M. and Turner, P. (2008). The admirable company,
Profile Books Limited.
Hill, C. W. and Jones, G. R. (2012). Strategic management: An
integrated approach, Cengage Learning: Mason, OH.
Ireland, R. D. (2009). Strategic management: Competitiveness
and globalization, South-Western: Mason, OH.
Martin, T. F. (2010). Strategic management, South-Western:
Mason, OH.
Roggow, C. (2013). Best Practice Companies in Global Strategic
Management. Retrieved from
http://mergerandacquisitionstrategies.org/best-practicecompanies-in-global-strategic-management/
Sadler, P. (2003). Strategic management, Kogan Page:
Sterling, VA.
Created By
Craig W. Roggow
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Copyrights ©2013 Craig W. Roggow. All Rights Reserved
.