Bo1Bsre301 Business Strategy - Social Assessment Answers

Title of the Article

Assessment of business strategy: implication for Indian banks

Title of the Journal

Journal of Strategy and Management

Date of Publication/Volume, and Issue

May 2015, Volume 8, issue no. 4

Author/s Names and Job Titles

Dhananjay Bapat, National Institute of Bank Management, Pune, India

Deepa Mazumdar, Department of Human Resources, National Institute of Bank Management, Pune, India

Purpose

The main purpose of this research paper is to find out the important factors of strategic orientation in relation to the Indian banking industry. The author aims to explore an instrument to measure the proposed strategies of the employees with the help of exploratory factor analysis. The author also aims at testing the proposed instruments in the terms of validity and reliability.

Theory

The article is majorly based on the results of the primary research. However, to explain those results, the author has also compiled them with some most familiar theoretical frameworks of the banking strategic management industry. The author has analyzed for factors named as customer orientation, innovation orientation, competitor orientation and cost orientation.

Methodology

The author has used a convenience sampling method of primary data collection. The respondents, working in different sub-industries of the baking industry were approached to ensure the representation of employee on a national basis. The surveys were held in the national institutes and the participants were invited form east, west, north and south zones to analyze the business strategies according to diversified culture.

Findings and conclusion

The author has found the conclusion that well-capitalized banks are often more profitable in comparison to others. The findings also indicate that the reforming measures have affected positively in civilizing the soundness and stability of the Indian public sector banks. The competitive conditions in the banking sector are continuously changing since 1994, after the introduction of privatization in the banking sector.

academic and managerial contributions

The students and economists can use this article to carry out further research as per the changing trends of the Indian banking sector. The findings of the article can help the manager of private as well the public banks to frame the new business strategies to deal with the competitive business environment.

Title of the Article

Rethinking sustainability strategies

Title of the Journal

Journal of Strategy and Management

Date of Publication/Volume, and Issue

July 2018, Volume 11, Issue No. 1

Author/s Names and Job Titles

Steven Cavaleri and Kareem Shabana,  Department of Management & Organization, Central Connecticut State University, New Britain, Connecticut, USA

Purpose

This paper aims at defining the stability as a strategic process that can help the business in the long run. The author has tried to link the porter’s generic strategies and sustainability to provide a conceptual framework to the practitioners and theorists. The author has suggested models that identify the features of sustainability strategies and their implications of the different type of business sector and industries.

Theory

The author has used two theoretical frameworks to link the business strategy and sustainability. To describe these frameworks, the paper contains a sound use of theoretical knowledge and findings of the research carried out by the authors. The theoretical aspect of this paper contains a lot of information as the study is largely based on the second method of research. 

Methodology

The author has examined the sustainability models of some international organizations to find out the most appropriate model to suggest in this paper. The author has also used the sources of competitive advantages and Porter's explanations regarding the generic strategies. On the basis of the information collected, the author has suggested two models that can be used by the manager to link the sustainability and the business practices in an effective manner. The first model suggested by the author links the main drivers such as mode of innovation and type of competitive strategy, the financial performance of the firm and competitive outcomes etc. The second model provides an explanation of the effectiveness of technological development in the initiatives of sustainability.

Findings and conclusion

The findings on the bases models suggest that incremental improvement and conventional continuous sustainability practices have the potential to save the organizations form the strategic risks on the basis of improvement in their core business strategy. Along with this, the model also provides a less known but logical rationale which suggests fundamental innovation in the sustainability and related practices. The study can also provide more competitive financial features in comparison to well-established strategies used by a number of organizations.

academic and managerial contributions

The proposed frameworks are not empirically tested so there are chances of the wrong application by the managers in the running firms. However, these can be used by the managers to frame new sustainability strategies. These frameworks can also be used in an analytical manner to find out the reason for under-performance or failure in the sustainability initiatives taken by an organization.

Title of the Article

How technology-driven business strategy can spur innovation and growth

Title of the Journal

Strategy and Leadership

Date of Publication/Volume, and Issue

2006, Volume 34, issue no. 2

Author/s Names and Job Titles

Saul J. Berman, Partner and Global Leader of the Business Strategy Practice of IBM Business Consulting Services,

Jeff Hagan, Alliance Development Manager within IBM Business Consulting Services.

Purpose

The study aims at analyzing the contribution of technology and innovation is the formulating an effective business strategy that may lead to the growth and innovation of the organization. Along with this, the paper also aims at providing the sufficient knowledge to the readers about the ways in which technological advancements can be applied at the various strategic levels.

Theory

The theory provided in this article is based on the data collected by the author form the past written experiences of the economists and the strategic performance of the technology-based organizations. Thus, the theory is not tested but have been resulted from the tested practical outcomes by a number of organizations.

Methodology

This article is largely based on the secondary research tools and techniques as the author did not carry any survey and questionnaires to find out the practical implications of the theory. However, the information is collected from the reliable secondary sources which can provide a theoretical overview of the concept and this can also be applied further to test the results with the primary research. Some strategic marketing principles have been described on the basis of a large literature provided by the different authors in this context.

Findings and conclusion

The article concludes that technology-driven strategic management is different from the traditional strategic management. However, it is not profitable for all type of businesses and organizations. The suitability of technological advancements depends upon the size and the industry in which it is working.

academic and managerial contributions

This articles can be used by the researchers as a theoretical base of the technology-driven concept. The managers can use the findings of this article to find out the difference between their desired results and the results claimed by the article by using this concept.

Title of the Article

International Journal of Corporate Social Responsibility

Title of the Journal

Carroll’s pyramid of CSR: taking another look

Date of Publication/Volume, and Issue

2016, Volume 1, issue no. 3

Author/s Names and Job Titles

Archie B. Carroll

Purpose

In this paper, the author aims at defining the Caroll's pyramid defining the meaning and concept of social corporate responsibility in connection with the different business organizations. Further, the paper also includes the four dimensions on the basis of which the pyramid has been constructed. The author has also stated that along with Caroll's Pyramid, there are other important frameworks and a manager can use any one of them to gain the understanding and importance of CSR in a business context.

Theory

On the basis of the literature to connecting with the Caroll's pyramid, the author has used the approaches and reliability of the corporate social responsibility model of the businesses. The theory provided in this article is easy to understand by the researchers and the managers of the CSR department so that they can review their policies accordingly.

Methodology

The author has carried out secondary data analyses to for the purpose of finding out the results in an effective manner. He has reviewed the several articles describing the implications of the Caroll's pyramid. The author has also studied the concept and dimensions on the bases of which this pyramid has been constructed. To increase the reliability of the information, the author also gone through the CSR reports of some international level organizations and their implementation process.

Findings and conclusion

The study has concluded that Corporate social responsibility would also be used as the centric piece of stakeholder management, shared value, sustainability, business ethics and other important business aspects. It can be defined by the Caroll's pyramid or by some other tools or theories given by different authors. The author has also stated that the CSR world always tends to grow at the national and international level.

academic and managerial contributions

The findings of this article can be used by the researchers to understating the concept of and importance of CSR for a business organization. The explanations of the pyramid provide a deep knowledge to a reader about the need for CSR. The managers can use the information contained in this article to overview their business operations in connection with the CSR adopted by them. The managers can also restructure their CSR if they fin fanny misleading policy after examining the Caroll’s Pyramid.

Title of the Article

Revisiting ethics in strategic management

Title of the Journal

The international journal of business in society

Date of Publication/Volume, and Issue

2011, Volume 11, issue no. 2

Author/s Names and Job Titles

John McManus, Professor of Leadership and Development at York St John University, York, UK.

Purpose

This article aims at analyzing the challenges faced by business organizations at the time of introduction of business ethics into the strategic management. Along with this, the author also aims at providing some strategies that can be used to deal out such challenges and to incorporate strategies of the business along with the ethical implications. The paper also aims at describing the importance of ethics in a business organization so that the reader can get the knowledge about the ethical responsibility of the organization.

Theory

The author has used the theories given by a number of researchers and authors in this regard. The theories have been used in a very effective manner to increase the ease of the understating for the reader. Along with this, the paper also contained information collected through analyzing the ethical frameworks of some major international business organizations.

Methodology

The author has carried out the mixed methodology of research for analyzing the concept in an effective manner. A number of the surveys were carried out and then the results were analyzed with the help of sampling of data. The secondary material analyzed by the author includes literature published in North America, Europe, and Asia.

Findings and conclusion

The findings of this paper indicate an exact gap between the ethical obligations of the organizations and the implementation of the strategy. The study also concludes that recent business scandals due to declining the ethical frameworks can be the main reason for the introduction of the ethics in the businesses once again.

academic and managerial contributions

The information contained in this article can be used as an instrument for future research in connect of ethical issues. The paper also allows the practitioners and researchers to understand the shortcomings and issues in the ethical integration of the business strategy. Along with this, the managers can be used the findings to introduce the ethical implications into their business strategy.