Anne Sigismund Huff Strategic Management Logic and Action: Analysis and Evaluation of Strategies 'Anne Sigismund Huff. Management logic and action. The note will focus on the different ways in which an organization can position itself to increase its profitability and growth. With reference to a case study by Joanne Snider, the paper will draw conclusions regarding the weight of the ideas demonstrated by Sigismond et al and their practicality in the modern world. The note will also explore the importance of good strategic planning as it relates to NCB Capital and its success as one of the largest conglomerates in the Kingdom of Saudi Arabia and the world. Here, the memo will examine various important aspects of strategic planning that have allowed companies such as NCB Capital to thrive while others fail. The note will refer to an article in the Saudi newspaper's economic section regarding NCB Capital and its award from World Finance Magazine in 2017. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original EssayFor an organization to succeed, it is crucial that it creates a strategy that will enable it to do so. To survive, businesses must ensure they are consistently making profits and paying their bills efficiently. According to Sigismund et al., an effective organizational strategy must effectively achieve a number of objectives simultaneously. These goals are: To be able to adapt to environmental changes To earn more money and resources than its expenses To clearly communicate the purpose and vision of the organization To use the strengths of the organization to meet the needs of the organization environment Explore new opportunities in the environment. Creating a strategy that covers all of these aspects can significantly increase a company's chances of profitability and, therefore, growth. Additionally, businesses must be flexible in their strategy to constantly change with the environment around them, otherwise they risk losing relevance. NCB Capital has steadily evolved over the years to become the first international sharia-compliant asset manager (NCB Capital 'Best Investment Management Co. (Equities)'). As such, it is a good example of a company that proves the effectiveness of these strategies. In the Saudi Gazette article, we learn that "The World Finance Investment Management Awards", which NCB Capital received in 2017, is an award that recognizes forward-thinking and resilient organizations which, through hard work and appropriate strategy, have outperformed their competitors. It is clear that the organization has progressed considerably and adopted new ways of doing things. For example, the CEO of NCB Capital, as shown in the article, is Sarah AlSuhaimi, a woman. This in itself is a proof of an organization’s adaptability to changing times. In the past, Saudi Arabia had a reputation for oppressing women and not allowing them to work, own property or drive, among other things. However, there is a forward-thinking culture within the organization seen here, as evidenced by the fact that a major Saudi company appointed a woman as CEO of a company with assets worth over Rp.140 billion Saudis. Here it is clear that thanks to the adaptability and success of NCB Capital, one can see the meaning of the ideas demonstrated by Sigismond et al in their applicationpractical. In the chapter on strategy definition, Sigismund et al. explain how an effective business strategy should be able to respond to changes that occur over a period of time. In the case of NCB Capital, it is clear that the company responds quickly to changes and thus remains relevant and able to draw on the best human resources by breaking down limiting barriers such as gender. Strategy Coordination and interaction with others In the age of technology, social media and globalization, starting a new business has become increasingly simple. With a simple click of a button, one can buy or sell products on all continents. This led to a great economic boom which gradually increased the number of people belonging to the upper middle class. In fact, doing business has never been easier than it has been over the past three decades. At NCB Capital, technology and globalization have played a key role in its success. With worldwide branches and stockbroking firms, NCB benefits greatly from the Internet era and globalization. Additionally, the company specializes in providing funds to businesses and individuals in the form of Shariah-compliant loans. On the other hand, statistics suggest that 20% of businesses fail within the first two years of founding, and another 50% fail within the first five years. These statistics are in stark contradiction to current circumstances such as ease of access to loans and financing, ease of access to technology and the internet as well as availability of free information on the internet to help start-ups in their business. So, living in the era of technological progress and globalization does not automatically guarantee success. These statistics highlight the importance of having an effective business strategy. Strategically exploiting new opportunities According to Sigismund et al, customers are not entirely focused on international goods and services available through globalization, but rather support local and international brands. As such, it is crucial to position yourself strategically and quickly spot opportunities when they present themselves. A good commercial strategy must be able to identify a need when it arises and provide an effective solution without wasting time. The success of NCB Capital is a good example of a company using a good strategy. In 2017, the firm received an award from World Finance Magazine. NCB Capital has been a pioneer in its efforts by quickly studying the needs of the people and quickly providing solutions to these needs. In 1978, the organization became the first of its kind by offering a mutual fund. Furthermore, NCB Capital became the first to provide Sharia-compliant funds and banking services in Saudi Arabia in 1987. Here, it is clear that the organization saw a need in Islamic society and decided to solve this problem without wasting time. In doing so, NCB Capital was able to take full advantage of a market that was still untapped at the time. Sigismund et al believe that the success of a business strategy depends greatly on the internal and external environment of the organization or company. In Joanne Snider's research it is clear that businesses fail due to poor strategy and little consideration for the environment and in particular the external environment of the business, which confirms the belief of Sigismund and al that a good strategy connects a company's strengths to the opportunities available in its environment. In his research, Snider.

Essay / Anne Sigismund Huff Strategic Management Logic and Action: Analysis and Evaluation of Strategies 'Anne Sigismund Huff. Management logic and action. The note will focus on the different ways in which an organization can position itself to increase its profitability and growth. With reference to a case study by Joanne Snider, the paper will draw conclusions regarding the weight of the ideas demonstrated by Sigismond et al and their practicality in the modern world. The note will also explore the importance of good strategic planning as it relates to NCB Capital and its success as one of the largest conglomerates in the Kingdom of Saudi Arabia and the world. Here, the memo will examine various important aspects of strategic planning that have allowed companies such as NCB Capital to thrive while others fail. The note will refer to an article in the Saudi newspaper's economic section regarding NCB Capital and its award from World Finance Magazine in 2017. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original EssayFor an organization to succeed, it is crucial that it creates a strategy that will enable it to do so. To survive, businesses must ensure they are consistently making profits and paying their bills efficiently. According to Sigismund et al., an effective organizational strategy must effectively achieve a number of objectives simultaneously. These goals are: To be able to adapt to environmental changes To earn more money and resources than its expenses To clearly communicate the purpose and vision of the organization To use the strengths of the organization to meet the needs of the organization environment Explore new opportunities in the environment. Creating a strategy that covers all of these aspects can significantly increase a company's chances of profitability and, therefore, growth. Additionally, businesses must be flexible in their strategy to constantly change with the environment around them, otherwise they risk losing relevance. NCB Capital has steadily evolved over the years to become the first international sharia-compliant asset manager (NCB Capital 'Best Investment Management Co. (Equities)'). As such, it is a good example of a company that proves the effectiveness of these strategies. In the Saudi Gazette article, we learn that "The World Finance Investment Management Awards", which NCB Capital received in 2017, is an award that recognizes forward-thinking and resilient organizations which, through hard work and appropriate strategy, have outperformed their competitors. It is clear that the organization has progressed considerably and adopted new ways of doing things. For example, the CEO of NCB Capital, as shown in the article, is Sarah AlSuhaimi, a woman. This in itself is a proof of an organization’s adaptability to changing times. In the past, Saudi Arabia had a reputation for oppressing women and not allowing them to work, own property or drive, among other things. However, there is a forward-thinking culture within the organization seen here, as evidenced by the fact that a major Saudi company appointed a woman as CEO of a company with assets worth over Rp.140 billion Saudis. Here it is clear that thanks to the adaptability and success of NCB Capital, one can see the meaning of the ideas demonstrated by Sigismond et al in their applicationpractical. In the chapter on strategy definition, Sigismund et al. explain how an effective business strategy should be able to respond to changes that occur over a period of time. In the case of NCB Capital, it is clear that the company responds quickly to changes and thus remains relevant and able to draw on the best human resources by breaking down limiting barriers such as gender. Strategy Coordination and interaction with others In the age of technology, social media and globalization, starting a new business has become increasingly simple. With a simple click of a button, one can buy or sell products on all continents. This led to a great economic boom which gradually increased the number of people belonging to the upper middle class. In fact, doing business has never been easier than it has been over the past three decades. At NCB Capital, technology and globalization have played a key role in its success. With worldwide branches and stockbroking firms, NCB benefits greatly from the Internet era and globalization. Additionally, the company specializes in providing funds to businesses and individuals in the form of Shariah-compliant loans. On the other hand, statistics suggest that 20% of businesses fail within the first two years of founding, and another 50% fail within the first five years. These statistics are in stark contradiction to current circumstances such as ease of access to loans and financing, ease of access to technology and the internet as well as availability of free information on the internet to help start-ups in their business. So, living in the era of technological progress and globalization does not automatically guarantee success. These statistics highlight the importance of having an effective business strategy. Strategically exploiting new opportunities According to Sigismund et al, customers are not entirely focused on international goods and services available through globalization, but rather support local and international brands. As such, it is crucial to position yourself strategically and quickly spot opportunities when they present themselves. A good commercial strategy must be able to identify a need when it arises and provide an effective solution without wasting time. The success of NCB Capital is a good example of a company using a good strategy. In 2017, the firm received an award from World Finance Magazine. NCB Capital has been a pioneer in its efforts by quickly studying the needs of the people and quickly providing solutions to these needs. In 1978, the organization became the first of its kind by offering a mutual fund. Furthermore, NCB Capital became the first to provide Sharia-compliant funds and banking services in Saudi Arabia in 1987. Here, it is clear that the organization saw a need in Islamic society and decided to solve this problem without wasting time. In doing so, NCB Capital was able to take full advantage of a market that was still untapped at the time. Sigismund et al believe that the success of a business strategy depends greatly on the internal and external environment of the organization or company. In Joanne Snider's research it is clear that businesses fail due to poor strategy and little consideration for the environment and in particular the external environment of the business, which confirms the belief of Sigismund and al that a good strategy connects a company's strengths to the opportunities available in its environment. In his research, Snider.

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