The Relationship between Logistics Strategy and other Corporate Strategies :: Business and Management Studies:

The Relationship between Logistics Strategy and other Corporate Strategies GLOBAL LOGISTICS For global firms, describe the relationship between logistics strategy and other corporate strategies in the areas of technology, marketing and manufacturing. * Logistics systems serve as the global infrastructure upon which the other systems operate * Logistics systems in itself give a source of competitive advantage * Understanding the service needs of customers in locations around the globe to develop an effective marketing, manufacturing and logistics strategies to satisfy the needs of the customer * Managing logistics as a system, shortening lead times when possible and moving towards the use of â€Å"focused† factories that produce limited product lines * Manufacturing – is a strategy in which one or a few plants are designated as the worldwide supplier/s of a given product or product line What are the major elements of the dynamic diamond suggested by Michael Porter? Which do you feel are most important to the success of companies operating globally? * Major element of the dynamic diamond: 1. Factor conditions – nation’s ability to transform its basic factors (eg. Resources, education or infrastructure) into competitive advantage 2. Demand conditions – market size, buyer sophistication, and media exposure of available products 3. Related and supporting industries – may include partners in the supply chain, co-packers and/or co-manufacturers, or marketing and distribution intermediaries 4. Company strategy, structure and rivalry – market structures and the nature of domestic competition  · Each factor contributes greatly and is vital to the success of companies operating both globally and locally. The efficient use of all these elements are what makes a company’s success even better. Describe the role played by intermediaries in global logistics systems. Why are intermediaries not needed in domestic logistics systems?  · Intermediaries help play a much larger role in global logistics operations  · Provide lower transportation unit costs than manufacturers would be able to achieve  · Some of the intermediaries roles are production, product and support logistics, customer contact, transaction processing, local management and risk management  · Plays a strategic role in helping new and established companies venture into the global arena

Ethical Dilemma On Accepting An Offer

PART A: The CaseJohn is a two year Graduate Engineering Trainee in an Automobile company in India, on a contract binding him to work for 3 more years after the training period. On completion of his training, John gets admission for a PG Program in Management in a reputed Institute. Because of the good impression he had created during training program, the Company grants him special leave with pay for this education. Further CEO personally informs him that his two year education expenses will also be taken by the company. He also expresses his hopes to have him back for a long tenure with the organization.During the last semester of his program, a Multinational Organization in Automobile business offers John a job in their Indian operations, with 6 months intensive job training in Germany. The compensation offered was almost 10 times of what he would be getting in his present employment. . The new organization would also compensate him for whatever he should pay to the present employe r for returning his leave pay, education expenses or liquidated damages as per his original contract. Should John take up the decision of joining the new company?PART B: John should not leave his present company. All employment is a legal bondage, no doubt. But, the relationship of employer employee goes beyond that. The employer places full trust on the employee for a conscientious work performance. ( Heathfield, S. M, 13-04-2009) The employee delivers goods to the best of his abilities. What he is not able to do because of his deficiency in skill, knowledge or even attitude is acceptable, but knowingly withholding performance of a known skill, or causing a deliberate negligence of duty is not pardonable.Legal enforcement always has limitations. Most of the things go by moral bindings in life. Whether it is a family life or work life the element of trust forms the basic ethics of living. John should not let his present employer down. The present employer had gone out of the way to help John in fulfilling his ambition of completing a PG program in Management. In fact, it is this program opportunity had led the way for the new offer from another company. The present employer had not granted him the privileges with a parental attitude.The CEO had specifically called him, offered him the help and expressed his wish that John returns to the company job with added knowledge for a long tenure. John paying back the salaries he had earned during the special leave period or giving back the expenses which the organization had taken for his education, or for that matter sincerely remitting the liquidated damages as per earlier contract, will all belittle the basic value of human gratitude and acknowledgement. (Hunsinger, D. v. D. , 1995, p. 65) The present employer may not be able to sue him for more than what they had expended on John.Their feeling of hurt with this incident, and based on that, their attitude towards employee motivation programs will all shrink, affecti ng the future incumbents to the organization. So, John should not leave the employment and reject the Offer given to him by the multinational company, with ten fold compensation figures. PART C: John should take up the new offer All employment is a legal arrangement. The employer selects the right candidate, pays him a fair compensation and the employee discharges his performance with his utmost faith on his ability.The employee shall not cheat the employer in any of his work related activities. He should be faithful to his employer and work for him with total commitment. He should trust his employer and feel at liberty to ask him to give whatever he thinks right on his part to ask. He should never hesitate to remind him of a privilege or condition that the employer forgets to extend. Likewise, he shall not demand for something which is not due to him. He can always get things clarified wherever he has doubts about his rights. (Assertive Communication, 13-04-2009)Beyond this relatio nship, no employer has right to expect an employee to continue in employment for ever. Mostly conflict of interest arises only when one accepts another employment while at working with one organization disturbing his independence in working with the original organization. (Faculty Guide, 13-04-2009) John’s opportunity is a very rare occurrence. He can not dream of such an offer in the future. He should take it up. Giving up an opportunity, which will benefit him and his family’s prosperity because of increased income will be wrong.,For that matter he might be depriving the benefits to society by not contributing his competence in a wider area of work. Sometimes we confuse morals with ethics. Morals are stated to be selfish too, elsewhere (BrainMeta. Com, 13-042009) All John is expected to do is to go back to his present employer, explain the CEO the situation and his wish to go for the more prosperous job. He should be transparent enough to express his predicament. His taking up the new job is by all means for a large packet of compensation.It also gives him the opportunity in another country with more scope to improve his competence. From what has been his case all along, he is a person thriving for knowledge and this offer carries with it a good training program. He can always be grateful to his present employer on many future occasions, without damage to any of his personal or social values. For instance, there may be scope for him to be a contact to the new employer for the present employer to enter into collaboration arrangements or business arrangements.

Challenges Faced by Sports Management - 730 Words

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Major professional sports leagues in the United States coordinate their own drug testing policies through either personal contracts or collective bargaining agreements. Each policy includes testing for a variety of drugs, but consequences are different in each league. Penalties most often include fines and suspensions with second and third offenses being more severe. The International Olympic Committee also has a set of standards for Olympic athletes. Olympic athletes can be randomly tested 24 hours a day, 365 days a year. Just last week, Washington Capitals center, Niklas Backstrom, was pulled from Sweden’s lineup just hours before the OlympicShow MoreRelatedSports Direct : The Uk s Largest Sporting Goods Retailer Essay1173 Words   |  5 PagesIntroduction Sports Direct is the UK’s largest sporting goods retailer which were founded in 1982. The core business of this company is to provide a wide range of sports, fitness and fashion products to the public. 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