CHAPTER 9 STR TABLE 9-6 The Most and Least Admired Companies in Manageme Various
ID: 367152 • Letter: C
Question
CHAPTER 9 STR TABLE 9-6 The Most and Least Admired Companies in Manageme Various Industries in 2012 Most Admired Koc Holding McDonald's Apple Philip Morris International Costco Wholesale J.P.Morgan Chase Least Admired Sears Holdings China South Industries Group MF Global Holdings NewPage Holding Gas Natural Fenosa Yahoo AMR GDF Suez Dongfeng MG China FAW Group Wyndham Worldwide Sysco Walt Disney urce: Based on information accessed November 1, 2012 at http://money.cnn.co rtune/most-admired/2012/best_worst/best5.html. ormers on various factors, such as return on investment, sales voluExplanation / Answer
Answer –
Most Admired Company – Apple
Apple Company – So from the list of most admired companies, I have selected Apple as the most admired company. Because Apple being the one of the best company known in the world in smart phones. The company apple is the highest brand in the smart phone product. The costs of apple products are highest and have a very high difference between their competitors. It looks like there is no other competitor who is close to Apple Company. The Apple Company fulfills the meaning of Apple. The Apple fruit is the best fruit among all the fruit, in the same sense, the Apple Company is best company in the smart phone segment in the world. So the results are based on lots of background work and strategic planning to achieve this level and keep maintain the level for a long time. The strategic planning of Apple Company is great and fantastic that it is on the growing path.
Least Admired Company – Yahoo.
Yahoo Company – Yahoo is the least admired company. Because when I was grown up, I heard a big name for the Yahoo Company in internet business. But soon with the time passage the company get worse and worse. Now the use of yahoo is almost very limited. It looks that after some time the Yahoo Company may not be known to new comers. It is completely losing its brand value in the market. The yahoo Company is not doing any new step t improve their conditions. The deterioration of the yahoo Company is such a big that it looks like a complete mess in the strategic planning. The yahoo team looks complete unaware of strategic planning and its usage.
Rumelt has given criteria for evaluating the strategic planning work. Rumelt’s criteria for evaluating strategies is as below
All the firms can utilize the Rumelts criteria of evaluating the strategies and they can plan for timely updation or changes incorporation, so that the firm finally achieves the benefit of strategic planning and iIt should help in the growth of the organization.