Global Strategy Essay Example | Topics and Well Written Essays - 4000 words

Global Strategy - Essay Example The formation of strategy has to be done very carefully keeping various factors in mind so that the strategy becomes successful and the company gets advantage from it in many ways. In 1980, market guru Michel Porter formulated the five forces focused on the formation of strategy based on the internal and external factors which influences a huge role in the business operation. These five forces are been set up based on the competitors that the company has in the market and these has limited the effectiveness of the strategic management to a great extent. Teece in 2007 defined the strategy formulation as the strategy being the essence of strategy which involves the selection and developing of technologies and the business models that are been built to provide the competitive advantage to the company through by removing the difficulties and thereby providing a competitive edge over the other competitors. For implementing an effective strategy the company needs to follow 6 major steps. These steps are been listed below. Define the organization- The company should know what the company is all about, who are its customers, how the company’s products can create value for the customers and also have a clear idea about the needs and wants of the customers. Define the strategic mission- Based on the knowledge about the company, the customers the company needs to define the mission for the strategy which will include the specific objectives and the goals that the company needs to achieve. Define the strategic objectives- Based on the mission statements the company needs to set up the clear objectives for the employees, these objectives will help them to focus and work towards a particular direction. The strategies implemented by the company are made either deliberately or by the emergence of a strategy from a particular situation. For a particular strategy to be

Explain the significance of purity and pollution in the caste system Essay

Explain the significance of purity and pollution in the caste system - Essay Example But as time passed, the caste system became a water tight social compartment. Caste system is not peculiar to India. It existed and still exists in parts of Egypt, Europe etc, though in some milder forms. The world caste owes its origin to the Portuguese word 'casta' meaning 'lineage' (Ghurye, 1999, 31). PA Sorokin in his book "Social Mobility writes "Unstratified society with real equality of the members is a myth which never been realized in the history of mankind and when class is somewhat strictly hereditary, we may call it caste" Many theories have been promulgated to account for the origin of the caste system in India (Dumont, 1961, 75). The political theory states it was a shrewd trick of upper class Brahmins. The occupational theory traces it origin to the family's occupation. The racial theory traces its origin to the fact that different races organize their own race to form a separate caste. The mythical theory points towards its creation by the god to perform different functions And last of all comes, the Evolutionary Theory. This theory maintains caste system as a social phenomenon, the origin of which lies in social evolution which came into being through a long and slow evolutionary process. It is quite possible that during the evolutionary process some ugly things did make their entry into the system. The one and probably the worst was the custom of 'untouchability'. With improvement in education, this social evil has almost disappeared from the society. Right from the beginning of twentieth century British officials have used the term 'backward classes' to indicate low status backwards castes, and 'depressed classes' to mean the former untouchables or Scheduled castes (now dalits). They do not seem to have been particular about the terms used, and such sloppiness has continued in independent India. It so worth noting that terms such as Backward classes and Scheduled Castes also served as euphemisms for such unpleasant realities as low castes ands untouchables' (Beteille, 1965, 46). Still the caste system is not without its merit, which should not be ignored. It was based on the division of labor and thus enabled society to function efficiently. It made labor more efficient as the hereditary skill in at was transformed from father to son. Castes served as the social insurances in the society and helped their members in time of need. The caste system solved the problem of choosing careers and the problem of unemployment did not arise. The system provided united action against exploitation. Also by eliminating competition, it protected the poor. Thus for a Hindu the caste system has proved, '' his club, his trade union, his benefit society and his philanthropic society" (Ghurye, 1999, 67) To sum up, in each linguistic area there were about two hundred groups called castes with distinct names, birth in one of which, usually determined the status in society of a given individual, which were divided into about two thousand smaller units- generally known as sub- castes-fixing the limits of marriage and effective social life and making for specific cultural tradition. These major groups were held together by the possession, with few exceptions, of a common priesthood. There was a sort of an overall counting which grouped all of them into five or six classes overtly expressed or tacitly understood. Over a large part of the