Case Study - Strategic Leadership Example | Topics and Well Written Essays - 1250 words

- Strategic Leadership - Case Study poserIt has been equally focused on all the four main areas which facilitate turnation of volume opportunities opposite number retail, commercial, advertisement and specialty and premium market. It has been able to efficiently exploit various marketing tools like fat advertising on all leading media, attractive packaging, promoting eye-catching displays on point of purchase and in the end becoming proactive partitioningicipants in trade and consumer promotion campaigns. The company has expanded its market across area and geographical boundaries through effective distribution and supply chain management. Providing a wide range of closely differentiated writing product lines which are inexpensive but quality driven has also been part of vital marketing strategy of the company. b. Financial polity The company is goal driven and its budgeting is dependent on the short marches and bulky term goals of the company that it formulates from time to time. At the same time it realizes that as its business expands, more formal financial strategy would need to be evolved for effective delivery of its long term vision and mission. Presently, its financial strategy is mainly focused on three areas To ensure lay down expansion through mortgage loan, short term loan and using cash-in-hand. It believes that its good credit evaluation would greatly help in acquiring large financial assistance so as to exploit opportunities for acquisition, merger and new product development for maintaining leverage against their rivals in the industry. The companys compensation policy is focused on the welfare of the workforce. It has offered purchase option of its shares to its workforce. While initially the dividend policy was at the taste of its owner Mr. Bich, now as a public limited company, it considers that 20-25% of the earning is a good target dividend for its workers which it distributes amongst them as bonus. It also is one of the best pay masters as regards the assets. Thus, satisfied workforce ensures optimal performance that significantly contributes to the profit margin. c. Manufacturing The company has developed highly integrated state of the art manufacturing process that is candid of mass employment of quality goods at relatively low embody. The parent company, Societe BIC of France has provided its American counterpart with the machinery, production technology and R&D know how. Quality control norms are strictly followed that considerably reduces cost due to mass production. The company has expanded its plant manufacturing capacities through better technology, benchmarking and regular training of its workers so that it becomes cost effective. d. Human Resource Policy The managerial leadership of the company is highly motivating and industry friendly. Workers participation is encouraged during decision making process and development of joint goals that align with long term objectives of the company. The y are regularly encouraged to take part in quality control programs and grievances and conflicts are unflinching through weekly meetings. The company has not used redundancy in its HR policy and quite has retrained workers for other positions that are linked to increased production. Answer 2 BICs strategy is to dominate the market of writing products and increase profits by selling large volume of inexpensive pens through convey that cater to mass market. Answer 3