Strategic managemet practices within Construction Industry Essay

Strategic managemet practices within Construction Industry - Essay Example The changing business scenario calls for change in ways of doing business. Strategic management is one of the most vital aspects of a business firm. In order to ensure sustainable growth and development of the business firm, the transformation of the inculcated strategies have become indispensable. The spectrum of the subject of strategic management is too broad and the research scholars have often debated over the definitions and the implications of the discipline. This essay encapsulates the various schools of thoughts in the domain of strategic management and tries to integrate the literature with the real estate industry of Dubai to find out the implications. The success of any business largely depends upon the effective formulation and implementation of strategy. In the ancient times, the word ‘strategy’ was used in the battles. According to the renowned management scholar Henry Mintzberg, the complex process of strategy could be broadly classified into ten schools of thoughts. The different approaches to strategy are as follows: The Designing School – The designing school of strategy is one of the oldest schools of thought in the domain of strategy formulation and implementation. It basically takes into consideration the internal factors and the external environments of the business. SWOT analysis is one of the widely used strategy tool according to this school of thought. The basic model commences with the external and the internal appraisals and then focuses upon the strengths and the weaknesses of the organization along with the opportunities and threats of the environment. The strengths and the weaknesses yield to distinctive competitiveness while the key success factors can be arrived from the opportunities and the threats. The key success factors and the distinctive competitiveness along with managerial values and social

2 Minute Monologue Essay Example | Topics and Well Written Essays - 500 words

2 Minute Monologue - Essay Example Ultimately, this is not a simple t The first and most obvious step when preparing something in the kitchen is to ensure that all of the correct ingredients are on hand. Secondly, it is necessary to ensure that all baking utensils, pots, pans, mixing bowls, spoons, and other measurement instruments are also washed and ready for use (Peterson, 2006). Secondly, following the instructions and/or ingredient lists that are provided within the recipe is vital. Careful attention to detail at each and every stage can yield a far better cake than can merely quickly reading over the instructions and attempting to cut steps out at any one stage as a function of saving time. Thirdly, it must also be understood that the baking process itself is something of an art form and can differ from oven into oven. For instance, if the instructions specify a particular temperature, the results might be far different than one of them then they would be in another; even if these ovens are identical and even manufactured by the same brand. In s uch a way, approximately 10 to 15 minutes prior to the specified time being over, it is necessary for the baker/cook to test the product to ensure that uniformity of texture and mass is achieved. Oftentimes, if this is noted prior to the full time elapsed, it is necessary to remove the baked product immediately. Comparatively, if this is not noticed even after the recipe time has elapsed, it will be necessary to leave the product in the oven to bake for an even longer period of time. In short, what has been defined is a labor-intensive process involves both attention to detail and constant conscientiousness in order for a superior product to be created. Ultimately, this is not a simple process; even though it may appear as somewhat simple. It is precisely these determinants, as well as the unique tools required, which helps to separate the part-time/casual baker from