Competitive Strategies of Honda Corporation - 3233 Words

HRM 3003 Strategic Management Assignment Title: Honda Corporation Student ID: 0808174 Submission Date: 18th Nov 2011 Tutor: Shanthi Rajan Introduction In the modern corporate culture the level of competition is increasing day by day. The main objective of each organization is to enhance its performance and to attain sustainable competitive advantage in relation to its competitors. Change is a constant in present corporate culture. In such changing environment having a single strategy is not enough for organizations success. To attain sustainable competitive advantage the organizations try to adopt strategies better than their competitors. Organizations strategies help them to achieve a different and unique place in market. Only†¦show more content†¦Collis amp; Rukstad (2008) stated that, â€Å"A strategy statement must begin with a definition of the end that the strategy is designed to achieve. â€Å"If you don’t know where you are going, any road will get you there† is the appropriate maxim here†. While formulating objective the organization should not only focus on the end result but it should also t ry to frame the time limit for achieving it. Objectives are also formulated at two level; short-term objectives and long-term objectives. Mostly the organizations focus only on short-term objectives as they are easy to achieve. For organization it is of equal importance to focus on long-term objectives as well. Martella (2001) defined long range objectives (long-term objectives) as, â€Å"The process by which the leaders of an organization determine what the organization wants to look like at the end of a specified period of time – usually three to five years – then use that vision to establish multi-year goals and objectives which describe what the organization wishes to accomplish, and develop programs, tasks, and timelines for achieving them†. As the long-term objective takes more time to accomplish and to pay off, hence managers least focus on it. Long-term objectives can be referred as organizations goals that determine their true strengths. The long-term p lanning helps the organization to predict the futureShow MoreRelatedSwot Analysis Of Honda1603 Words   |  7 PagesHonda has continued to embrace the changes that happen around its operations to ensure sustainability and profitability. The current global motorcycle manufacturing sector is full of competition. 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Shoemaker Fiction and Shoes free essay sample

In the short story The Shoemaker written by Roch Carrier, there are significant symbols appear throughout the whole story. The three main symbols are the boy, his shoes, and the atomic bomb. The author represents a mint-sized world to us by using these symbols. The boy represents the innocent, naive and immature characteristics like many of us today. He believes in himself, he thinks that its the shoemaker who fixed his old shoes even though his moms statement is different. He knows during the night [his] shoes had been repaired by the little shoemaker with the clubfoot. The boy lives in an imagination world that builds by him; he thinks he could fly with the magic shoes. He knew though, [he] was flying. The narrator shows a boy that represents the child-like population around us which carries hopes and beliefs. The shoes emerge as an unimportant object with the boy, but it actually has two levels of symbolisms. We will write a custom essay sample on Shoemaker: Fiction and Shoes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It has the meaning of wonder, hope and confidence. Since the shoes are not common in the narrators childhood, having a pairs of shoes states how special the owner is. With the shoes, the boy thinks he could fly; with the shoes, the boy elieves in the old ,kind shoemaker(magic)s existence; with the shoes, the boy could do a little bit show off in front of his friends. The boy finds that his shoes gleam was more dazzling than the September morning. The other meaning given by the author about the shoes is the external and internal appearance. In the outer face level of the shoes, it is fixed, newly recovered, and as beautiful as a new one. In the inner level the shoes is still the old one, nothing changes but the face. The shoes are a very good symbol that can be explained as the dream and hope of the boy. The atomic bomb is the killer of those unrealistic, imaginary fantasies. It represents violence, cruel actions and destroys. It is an irony of what the people are doing right now; we are killing and destroying ourselves. The time the atomic bomb comes out; the time the end of our innocent and hopes. In the short story The Shoemaker written by Roch Carrier, the boy, the shoes and the bomb comes as three main symbolisms. Each of them show parts of our society or population. The more we understand them; the more we understand ourselves.