An evaluation of corporate management & strategical planning of global companies
- Author Ahmet Ferda Seymen
- DOI
- Country : Turkey
- Subject : Hotel Management, Tourism & Hospitality
Abstract
The study undertaken will make reference to management styles and principals of global companies operating in different business sectors world-wide. To implement strategic management in any given company, the corporate structure and management style of that company would have to be defined in detail to all concerned parties (stakeholders). These include the following: management, investors, employees, customers, suppliers and the general public. However; Strategic management is a continuous process of strategic analysis, strategy creation, implementation and monitoring, used by organizations with the purpose to achieve and maintain a competitive advantage. As everything around us changes in time the strategic planning needs to be monitored and changed or aligned as company sails into future to cope with the unexpected. Unlike the old days the cost of doing business is becoming increasingly risky world-wide. This issue is more important than ever before as the globalization forces the countries and companies to think on a broader scale rather than just locally. Second important concern is the E-commerce which has become an important strategic management tool for companies world-wide. The products are sold, and bought, advertised on real time basis by sharing all related information across the world while eliminating intermediaries, inventories and paperwork. E-Commerce minimizes the expense and cumbersomeness of time, distance and space in doing business world-wide. The other important subject is the environmental issues* which people are very much concerned than ever before. The exploitation of the natural environment by groups, organizations or governments are under strict scrutiny.
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