Saturday, December 28, 2019
Unit 39: investigating international business P5: understand the strategies used by international businesses page: 14 Introduction Unit 39 is all about investigating international business. This P is the final assignment. My suggestions are approved by the financial department as well as by the board of directors. My senior made me in charge of the strategy. The next step to take before entering Australia is to construct a strategy about how this will take place. In other words, I have to develop a strategic plan how you are going to enter Australia. A strategy in nothing more than a decision making with well-considered arguments. I need the previous findings of P1, P2, P3Ã¢â¬ ¦show more contentÃ¢â¬ ¦About 2 % of the population have poor quality of fingerprint, especially the elder people and manual worker. For these cases one need to consider other biometrics or any other solution. * Performance deterioration over time. Although the fingerprint is a stable physiological characteristic, it can suffer some small changes along the time and therefore it can affect the performance of the whole system. To overcom e this problem, may be necessary to re-enrol the fingerprint and/or use multiple fingerprints enrolment. * Association with forensic application. The fingerprint technology has been associate with forensic and this can cause discomfort to some people. Specially, in the countries where it is not habitual the use of fingerprint. Opportunities in Australia * Technological advances We know that technology changes too fast and this would make biometrics be easier, faster, and more accurate. * Combinability of Biometrics and another security systems It would be great if biometrics would be combined with security systems like passwords, account numbers, etc. * Terror threats If there happens to be great terror threats and security fears, biometrics would become a boom. More and more individualsShow MoreRelatedManaging and Organizing for Innovation in Service Firms a Literature Review with Annotated Bibliography30787 Words Ã |Ã 124 Pageslinked to research and development. Our tasks are to fund needs-driven research and to strengthen the networks that are a necessary part of an effective innovation system. VINNOVAs commitments in the field of work life development aim to strengthen business and public sectors contribution for a sustainable development by enlightening the importance of the employee as an actor and a creative resource. Focus lies on the organisation of work, and on management and leadership that increase the ability toRead MoreDells Supply Chain Strategies39734 Words Ã |Ã 159 PagesDellÃ¢â¬â¢s Supply Chain Strategies Areti Manataki Master of Science Artificial Intelligence School of Informatics University of Edinburgh 2007 Abstract Supply Chain Management is becoming more and more important for the success of todayÃ¢â¬â¢s business world. Dell has realized this trend from its very first steps and has become one of the most successful PC companies in the world by putting emphasis on its supply chain, orchestrating its build-to-order and direct sales strategies. While most of theRead MoreInternal Audit as an Effective Internal Control System at Ongc17652 Words Ã |Ã 71 PagesCONTENTS 1. EXECUTIVE SUMMARY 2. INTRODUCTION Ã¯â · Ã¯â · Ã¯â · Ã¯â · Literature Review Global Oil Gas Industry Overview Indian Oil Gas Industry Overview Company Overview (ONGC) 2 4 6 6 20 23 24 26 28 38 39 40 41 3. INTERNAL CONTROL INTERNAL AUDIT Ã¯â · Internal Control Ã¯â · Internal Audit Ã¯â · Standards on Internal Audit 4. PROJECT PROFILE Ã¯â · Objectives Ã¯â · Research Methodology 5. LEARNINGS OBSERVATIONS Ã¯â · Learnings Ã¯Æ'Ë Ã¯Æ'Ë Ã¯Æ'Ë Ã¯Æ'Ë Ã¯Æ'Ë Ã¯Æ'Ë Ã¯Æ'Ë Audit Scope Coverage Organisation Structure of IA Department Audit planning processRead MoreManaging Information Technology (7th Edition)239873 Words Ã |Ã 960 PagesVendor-Managed Inventory at NIBCO CASE STUDY II-2 Real-Time Business Intelligence at Continental Airlines CASE STUDY II-3 Norfolk Southern Railway: The Business Intelligence Journey CASE STUDY II-4 Mining Data to Increase State Tax Revenues in California CASE STUDY II-5 The CliptomaniaÃ¢â ¢ Web Store: An E-Tailing Start-up Survival Story CASE STUDY II-6 Rock Island Chocolate Company, Inc.: Building a Social Networking Strategy CASE STUDY III-1 Managing a Systems DevelopmentRead More_x000C_Introduction to Statistics and Data Analysis355457 Words Ã |Ã 1422 PagesPrinter: Courier Corporation/Kendallville Ã © 2008, 2005 Duxbury, an imprint of Thomson Brooks/Cole, a part of The Thomson Corporation. Thomson, the Star logo, and Brooks/Cole are trademarks used herein under license. ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or by any meansÃ¢â¬âgraphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution, information storage and retrieval systems, or in any other mannerÃ¢â¬âwithout
Thursday, December 19, 2019
William FaulknerÃ¢â¬â¢s short story, Ã¢â¬Å"A Rose for EmilyÃ¢â¬ begins and ends with death. The death of Miss Emily Grierson, the main character in the short story that takes on the role of a person with an abnormal personality. The narrator tells the tale of Miss EmilyÃ¢â¬â¢s life following her departure at age seventy four. Although, Miss Emily lived a long life she remained secluded for decades without any human contact. Miss EmilyÃ¢â¬â¢s mental health is certainly a questionable matter considering the life she leads in this fictional short story. Ã¢â¬Å"Human beings have enormous potential to strive toward a higher plane of emotional lifeÃ¢â¬ (Brenton 2). With this being said individuals who encounter chronic stress and lack the basic human relationships compromise their mental health. By examining Miss EmilyÃ¢â¬â¢s mental status, behavior, interactions and personal relationships, it is possible she would have been diagnosed with a form of mental illness according to todayÃ¢â¬â¢s standards. Miss EmilyÃ¢â¬â¢s life takes place during the time of The Great Depression era, a time when modern psychology was first discovered and formatted (Ã¢â¬Å"Wilhelm WundtÃ¢â¬ ). According to todayÃ¢â¬â¢s standards of medicine mental illness is still a debatable issue. Mental illness is real, involving the disruption of oneÃ¢â¬â¢s thought processes, experiences, and emotions, therefore causing functional impairment when these disturbances reach a serious level (Perring). When this level is reached it becomes challenging for one to bond throughShow MoreRelatedWilliam Faulkner s A Rose For Emily951 Words Ã |Ã 4 Pagesliterary Response to Ã¢â¬Å"A Rose for EmilyÃ¢â¬ Ã¢â¬Å"A Rose for EmilyÃ¢â¬ by William Faulkner was published in 1930. This short story is set in an old southern town. I believe that this and several other combinations of events are what made the main character Miss Emily go insane. Miss Emily was an old school southern woman trapped in a modernizing society. She tried desperately to keep to her old ways, but the changes that happened around her were inevitable. This made me feel like something was going to goRead MoreWilliam Faulkner s A Rose For Emily1316 Words Ã |Ã 6 Pagesminuscule detail in the writing. In order to fully enjoy William FaulknerÃ¢â¬â¢s Ã¢â¬Å"A Rose for EmilyÃ¢â¬ readers must do the latter. Faulkner is a witty writer; some symbols are less obvious than others in his writing. To fully appreciate and obtain full meaning of the text readers must pay attention to his symbols and how they contribute to the greater theme. William Faulkner uses symbolization in Ã¢â¬Å"A Rose for EmilyÃ¢â¬ to develop a theme of personal struggle. Emily faces many personal struggles: her relationship withRead MoreWilliam Faulkner s A Rose For Emily1181 Words Ã |Ã 5 Pages Is William Faulkner s A Rose for Emily iconic American literature? Faulkner uses setting, theme and plot to show the ways Ã¢â¬Å"A Rose for EmilyÃ¢â¬ is an iconic American literature. Faulkner saw the Forum magazine with his short story he wrote, Ã¢â¬Å"A Rose for EmilyÃ¢â¬ and found out that was his first national publication. The Mississippi Writers Page says, Ã¢â¬Å"The man himself never stood taller than five feet, six inches tall, but in the realm of American literature, William Faulkner is a giantÃ¢â¬ (MWP). Read MoreWilliam Faulkner s A Rose For Emily1528 Words Ã |Ã 7 Pagespoint of view is A Rose for Emily told? Why? In William Faulkner s short story A Rose for Emily the reader is given the account of an old woman who is rejected by society. The reader is acquainted with Miss Emily Grierson by a spectator, somebody who is not Miss Emily, but rather part of the town that rejects her. The storyteller has a somewhat omniscient perspective, knowing more than the normal town s individual, however not all that matters there is to think about Miss Emily. The storytellerRead MoreWilliam Faulkner s A Rose For Emily1801 Words Ã |Ã 8 Pages William Faulkner is known for his many short stories, however, many has wondered what has influenced him in writing these stories. Like his well known, most famous short story Ã¢â¬Å"A Rose for EmilyÃ¢â¬ , which has always been compared to Ã¢â¬Å"Barn BurningÃ¢â¬ , one of FaulknerÃ¢â¬â¢s other short story. It only make sense to compare them two together because these two stories has may similarities , whether it may be in setting , characters or style they favor each other . Nevertheless they also have many differencesRead MoreWilliam Faulkner s A Rose For Emily957 Words Ã |Ã 4 PagesBereavement While a Ã¢â¬Å"Rose for EmilyÃ¢â¬ by William Faulkner and Ã¢â¬Å"A Good Man is Hard to FindÃ¢â¬ by Flannery OÃ¢â¬â¢Connor share the common themes of unexpected death and the old south, the murders found in each story are vastly different. Both stories tell of strong female protagonists who donÃ¢â¬â¢t cope well with change and both foreshadow death right from the beginning, but the murderers themselves come from completely different worlds. Emily Grierson of Ã¢â¬Å"A Rose for Emily and the grandmother in Ã¢â¬Å"ARead MoreWilliam Faulkner s A Rose For Emily879 Words Ã |Ã 4 Pagesare both similar due to how these emotions cause a human to act irrationally. The lone woman in A Rose for Emily and the cashier, Sammy, in A P both portrayed a greater sense of hate which overcame their love. We as humans, capable of powerful emotion typically act too quickly to even understand the consequences of our actions. One prime example is portrayed in William FaulknerÃ¢â¬â¢s A Rose for Emily, Emily loved Homer tremendously, however he did not feel the same way Ã¢â¬ he liked men, and it was knownRead MoreWilliam Faulkner s A Rose For Emily1682 Words Ã |Ã 7 PagesLyons Professor Amy Green Writing about Literature COM1102 Oct. 06, 2015 William Faulkner s A Rose for Emily is a short story that has also been adapted into a short film; both have been largely debated. FaulknerÃ¢â¬â¢s lack of a normal chronology and situation-triggered memories generates a story that has many understandings among its readers, but surprises everyone at the end. When asked about the title of his story, Faulkner said, [The title] was an allegorical title; the meaning was, here was aRead MoreWilliam Faulkner s A Rose For Emily854 Words Ã |Ã 4 Pages Literary Response to Ã¢â¬Å"A Rose for EmilyÃ¢â¬ Ã¢â¬Å"A Rose for EmilyÃ¢â¬ by William Faulkner was published in 1930. This short story is set in an old southern town. I believe that this and several other combinations of events are what made the main character Miss Emily go insane. Miss Emily was a old school southern woman trapped in a modernizing society. She tried desperately to try and keep to her old ways, but the changes were inevitable. This made me feel like something was going to go wrong very early inRead MoreWilliam Faulkner s A Rose For Emily1810 Words Ã |Ã 8 Pages William Faulkner is one amazing writing ,who is known for his many short stories .However, many has wondered what has influenced him in writing these stories . Like his well known, most famous short story Ã¢â¬Å"A Rose for EmilyÃ¢â¬ , which has always been compared to Ã¢â¬Å"Barn BurningÃ¢â¬ , one of FaulknerÃ¢â¬â¢s other short story. It only make sense to compare them two together because these two stories has may similarities , whether it may be in setting , characters or style they favor each other . Nevertheless
Wednesday, December 11, 2019
Hemp Proves To Be Beneficial Essay, Research Paper Hemp Proves to be Beneficial Researching hemp I have found that there are many more benefits in legalising it, so there are maintaining it illegal. When questioning people I found that the bulk of the people who know the difference between hemp and marihuanas agreed that it should be legalized and if they didn? T I informed them on hemp they agreed it should be legalized. In this paper I will state you many ground? s why I think hemp should be legalized and I will give you ground? s why other people think it should stay illegal in the United States. Hemp is the chaff and blast of the works Cannabis Sativa and merely contains 1 % or less of THC ( The Economist 1 ) . THC is the chemical which causes you to acquire high and is found in marihuana. Marijuana is a recreational drug that has many medical utilizations and it is the foliage of Cannabis Sativa. Hemp Cannabis Sativa is a works that grows from one to five metres high in a short turning season of 120 yearss. Its long taproot allows it to turn in any conditions conditions, which makes it convenient to turn in big measures where there is no irrigation, and can be grown in all 50 provinces ( Marijuana par. 8 ) . Hemp is better than cotton, the trees we use to do paper, and the building stuffs we use. Hemp was one of the first cultivated harvests known to adult male. It has been around since 8000 BC. It was required to turn hemp when America was going a state. Peoples had the option to pay their revenue enhancements with it ; George Washington and Thomas Jefferson grew and supported hemp. Then in 1937 the Marijuana Tax Act was passed which killed the industry that twelvemonth ( Marijuana par. 8 ) . It was legalized once more during WWII to assist the solders with their hurting. Up until the 1990? s the legalisation of hemp was non an issue, but now people see the economic values that hemp has and the issue is going immense. The ground hemp was banned was because of the increasing figure of people utilizing it as a screen up to turning marihuanas for recreational intents. But, what most people don? T know is that it was banned in the senate without any say from people who new the value of hemp toward the growing of the state. After it was set, marihuana was no longer a job and that? s how the United States wants to maintain it. But have they thought about the fact that cultivating pot production would extinguish the bloody smuggling trades at the southern boundary line of the United States. Some of hemp? s many utilizations are paper, fabrics, building stuffs, nutrient, rope, plastics and fuel. All of these are made from hemp, non marijuana, which has a really little sum THC in it ( Martin par. 9 ) . Many people think hemp will shortly be replaced by cotton due to its many benefits. Why is hemp better than cotton? Here are merely a few grounds. One acre of hemp will bring forth as much fibre as two or three estates of cotton. Hemp requires no pesticides or weedkillers and merely little sums of fertiliser. On the other manus, cotton uses 50 % of the universe? s pesticides and weedkillers. Hemp is besides stronger, softer, and lasts longer than cotton ( Marijuana par. 3 ) . The advantages of utilizing hemp to bring forth paper is that one acre of hemp will bring forth as much paper as two to four estates of trees. This would gross United States husbandmans $ 19-30 billion, and would salvage consumers money ( Martin par 8 ) . Besides, like cotton, paper uses a batch of chemicals and by utilizing hemp the chemicals used in the procedure of doing paper would be reduced by 80 % . The most of import ground hemp should be used in paper production is that there is a limited figure of trees left on this planet and the tree return to hanker to turn to maintain up with the universes demand. If we decided to get down recycling more hemp it can be recycled many more times than paper today, since it is free of all acid. Using hemp when doing plyboard and fibreboard makes the board stronger, lighter, and longer enduring so regular wood. Hemp board is used in more and more new houses due to its lastingness in temblors, hurricanes and other terrible conditions. Hemp is besides been used in doing bio-plastics late they have been utilizing the fibres inside the blast for composite stuffs. Because of the strength of hemp fiber the success of the research is increasing. Food is another usage for hemp. With a smattering of hemp seeds you can acquire the indispensable sum of protein and fatty acids you need in a twenty-four hours. Hemp seed is the lone seed, which contains these oils with about no concentrated fat. By utilizing hemp seed as a addendum in your diet you can cut down the hazard of bosom disease. Hemp seed is better than soya beans, it hemp rhenium sists UV-B visible radiation better so soy. And if the ozone layers where to consume by 16 % the soya bean production would drop 25-30 % ( Hemp industry, par 12 ) . Hemp should it stay Illegal? That is what a bulk of this states authorities feels. Carol Falkowski provinces, ? The job is non people will acquire high smoking the low-TCH hemp, but that it is identical from its more powerful cousin and could function as a screen for illegal cultivation? a concern that hemp protagonists jeer at? ( Suzukamo 6C ) . By legalising hemp, many feel as though you are legalising marihuana, since most people think that they are the same thing. Besides hemp would be a good screen up to turn marihuanas illicitly once more. This is the lone ground why people think that it should stay illegal and it a good ground. But like most hemp protagonists do you believe this ground it is strong plenty to overlook all of the advantages of doing hemp legal. As of right now, turning hemp for industrial utilizations is legal. But there is a gimmick. It costs $ 1000 for a license, and at that place hard to acquire one time you have applied. If you are one of the lucky people who receive a license, you must acquire a security system. That has criterions about impossible to run into. It consists of a fencing around the field with biting wire on the fencing, armed guards around the clock, electronic detection equipment. This needs to be done around each field planted with hemp ( Martin par. 12 ) . These criterions are to maintain husbandmans from turning hemp, so they will non recognize what the value could be to them and the state. Soon the authorities will see how much money they could do by legalising hemp and as a consequence, it may be legalized in the close hereafter. The authorities spends $ 500 million dollars every twelvemonth merely seeking to extinguish wild hemp and if they spent that money get downing to turn it, the state would be better off ( Morris par. 3 ) . It could non ache the authorities to seek turning hemp in the United States. They could seek it with about 50 farms for the first twelvemonth like Canada did, so if it worked out they would hold an industry that makes money and creates occupations for the citizens of America. If it did non work out, opportunities are the county would endure small to no loss. Just late the province of North Dakota was allowed to turn, purchase sell and trade hemp for industrial utilizations. This was passed in the senate on April 19, 1999. The authorities has seen the economical values of hemp and now husbandmans have their opportunity to demo America that he mp is benefiticial to the states growing. And who knows, could Minnesota be following? In the interviews I did from college pupils more than three quarters of the pupils I interviewed agreed that hemp should be legalized. Wes Meyer a college fresher says? perfectly one-hundred per centum? when being asked if hemp should be legalized, he besides stated, ? Because the fact that hemp is a really utile merchandise and it is good to the environment? . The other part of the people that said no, but when I asked them? Why? ? they had no ground. So I asked them if they new the difference between hemp and marihuana, they did non cognize and after I informed them about hemp. All of them agreed with me that hemp should be legalized. After making the interview with college fresher I realized that the hereafter of our state is in full support when it comes to legalising hemp. So in the hereafter we should see hemp as a prima hard currency harvest in the state with all of the benefits it has to assist the state? s economic system. Researching hemp I have found that there are many more benefits in legalising it, so there are maintaining it illegal. In this paper cubic decimeter told you many ground? s why I think hemp should be legalized and I gave you ground? s why other people think it should stay illegal in the United States. In drumhead I think what of all time can assist the state deserves a opportunity. We built the atomic bomb and we new it would merely do things worse, but we did it to turn out to other states that we are powerful. So why can? t we seek something that has overpowering benefits compared to the few disadvantages. Plants Cited ? Hemp industry overview. ? Hemp-Agro 27 March 1999. ? Hemp? s good habits. ? The Economist 1 Aug. 1998: p55 ( 1 ) . ( PALS full text version ) . ? Marijuana and Hemp The Untold Story. ? Cannabis Action Network 4 March 1999. Martin, David. ? Overview of Industrial Hemp? 23 February 1998. Morris, David. ? Canada enlightened on issue of Hemp. ? St. Paul Pioneer Press 16 June 1998: 7A. Survey. 29 April 1999, College Freshman. Suzukamo, Leslie Brooks. ? Industrial hemp may be close legal Oklahoma? St. Paul Pioneer Press 4 March 1999: 1C+ .
Wednesday, December 4, 2019
Question: Discuss about the Sustainable Strategic Management Capabilities. Answer: Introduction Every business has a strategy before its commencement. The success of a business depends upon how well its strategy is. Strategy works as a roadmap for an organization. Without it no organization can survive in this competitive market. Now we come to strategic management, strategic management ensures whether the organization is running as per the strategy. Strategic management refers to a plan which helps an organization to achieve its objectives by efficient utilization of available resources and manpower. Strategic management evaluates the strengths, opportunities, weaknesses and threats of the business to use the strengths and opportunities in this way that it will minimizes the weaknesses and threats of the business. Strategic management is a continuous process which includes internal and external environmental scanning, strategy formulation, strategy implementation, evaluation and control. Strategic management firstly make a plan in accordance with the SWOT of the organization, then it executes the plan and then evaluates the actual results to identify whether the actual results match the desired results and if there is any difference in actual and desired results then changes are required to be made in the strategy. A strategy can be formed at three levels i.e. Business unit level, Corporate level and Functional or Departmental level. Strategic management focuses on analyzing the external environment of an organization because without judging the competition level that an organization is going to face, strategy cannot be formed (Godfrey, 2015). In other words, strategic management is known as the mission of an organization. Mission refers to how the organization will achieve its vision or objectives or goals. Strategic management makes sure that the management of the business goes hand in hand with the internal and external forces. Current Standard Linear Approach Under this approach, the managers focus on creation of an effective business strategy and on its proper execution. This approach focuses on making a strategy in such a way that it will lead to achievement of organizational goals. This approach analyses the goal and stresses on making a strategy with all possible ways of achieving that particular goal. In fact, the Linear approach refers to step by step process in which when the first stage completes then only the organization can start working on another stage i.e. the output of first stage is the raw material of second stage. Linear approach is an organized approach (Linear Approach, 2017). The strategy made through this approach is totally in an arranged manner. So because of the organized manner this approach guarantees success to the business. The major shortcoming of this approach is that if there is a delay in the first process then it will delay the whole project because the other stages are dependent on the outcome of first stage. Another disadvantage is that it is very time consuming because if there is any fault in the output of any process them it will also influence the other processes because all the processes are inter-related.and it will not allow the employees to give their opinions. Bridoux and Stoelhorst (2014) observed that stakeholder approach to strategic management emphasizes on importance of making investments in improving relationship of organization with its key stakeholders. According to this approach, the stability of relationship with stakeholders can be achieved through organizations compliance to core principles of values. Stakeholders are the people that exist within the organization and outside the organization. In support of this De Brucker et al. (2013) said that without stakeholders, the existence of a business is impossible. Stakeholders include shareholders, creditors, government, community, customers, suppliers, employees, directors and managers. As per the analysis of stakeholder approach to strategic management, the stakeholder relationship is a readymade component in business; rather it is created by organizational efforts. Shareholders are the people that takes the shares of the company, Creditors provides loan to the company, government passes rules and regulations for the ethical running of the company, community is the place where the company exists, customers are the people that purchases the companys products, suppliers provides the raw material to the company, employees are the workers of the company, directors and managers are the persons who will take care of the whole management of the company. Bur Freeman (2010) pointed out that the only difference is that directors are at top level and managers are at middle level. In this way these all are very important for any company or organization for its survival. Stakeholders are those, who are affected by or can affect the organization. There are two types of stakeholders i.e. one is primary stakeholders that includes those who are connected to the organization officially and the other are secondary stakeholders which are connected with the organization through the society. So every organization is having a corporate social responsibility towards its secondary stakeholders because the organization is taking the natural and human resources from the society so it is the responsibility of every organization to return these resources in the form of manufactured products according to the desires of the consumers keeping in mind that such products are not harmful for the consumers (Carroll and Shabana, 2010). The four types of corporate social responsibility are economic, legal, ethical and philanthropic responsibilities. Economic responsibility means the company should try to become a good corporate citizen and for this the company must be profitable. For example: If a company faces losses then it will terminate the empl oyees firstly. Legal responsibilities includes that the company should have to follow the policies and procedures given by the laws. Ethical responsibility is the third responsibility of an organization because any organization can think of this responsibility only if it has met the economic and legal responsibilities. Examples of ethical responsibility are: paying fair wages to workers, not harming the environment, not using the natural resources that are banned etc. Pino, et al. (2016) have articulated and observed that Philanthropic responsibility includes doing something better for the society. For example, giving goods to the society at free of cost, doing charity, etc. Philanthropic social responsibility is only adopted by an organization which is highly profitable because such organization can think of donating money and products to the society. This philanthropic responsibility is only done by companies that are having higher profit margins. Example of stakeholder theory: Every automobile company is required to focus on consumer safety. There is a case of Toyota, where the company was hiding the brake pedal fault instead of releasing it. The U.S. agencies put fine of $16 million on Toyota for not releasing the fault then the interested stakeholders made an effort to deal with this problem. Dynamic Capabilities As per the findings of Lin and Wu (2014), the framework of dynamic capabilities in strategic management can help in wealth creation in an organization. It helps the organizations to identify the sources and methods of wealth creation and guides to adopt rapid technological changes for maximization of its wealth. A dynamic capability refers to the ability of an organization to adapt the environmental changes from time to time or to adapt an organizations resource base. Dynamic capabilities include controlling the factors of external and internal environment that affects the business. On the other hand, Peteraf et al. (2013) have commented that the dynamic capability framework suggests that the wealth creation in private sector is highly influenced by companys ability to stay competitive in the market. The competitiveness can be measured in terms of uniqueness of company products, brand image, technological competency etc. Second example is of smart phones where the smart phones compan ies are adding new technological features to their products like Apple launched the censored home button in iphone 7 and vivo is focusing on the camera. In the views of Cordes-Berszinn (2013), the dynamic capability framework emphasizes on three aspects such as the process, the position and the paths. The processes are the routines, pattern of practices and learning. At the same time, position can be measured in the aspects of technology level, IP, customer base, complementary assets and the external relations. At the same time, the paths are the strategic alternatives that can help organization to improve its current business and competitive market position. Companies should focus on resource based perspective while looking to improve their competency level for achieving the competitive business position in market. Sustainable Approach According to De Brucker et al. (2013), the sustainable approach to strategic management directs or guides the management of companies to consider the interest of each stakeholders of company including nature or environment, because sustainability is the key to success. While making strategy, the main focus is to make a strategy that will guarantee sustainability to an organization. Sustainability refers to long-term survival of a business to maintain competitive advantage. Similar to this, Witek-Crabb, (2011) has argued that if an organizations vision is high profits then it will only be possible through sustainability. Sustainability can be affected by three things i.e. the environment in which the organization exists, resources that organization needs presently and in future and whether the organization is beneficial to the economy. Sustainability leads to competitive advantage to an organization. Adobe is an example of company that has adopted the sustainable business practices. T his company aimed to reduce carbon emission by 75% by end of 2015. It emphasized on key practices of usage of renewable energy technologies, virtualization of many of its systems, improving cooling efficiency, usage of hydrogen fuel cells, solar energy equipments etc. The involvement of company in such as practices improves the public image of company. Competitive advantage occurs when a company continuously gives excellent performance over other companies in the same industry. For example, Wal-Mart is a latest example of sustainable competitive advantage. The strategies and detailed distribution channel of Wal-Mart makes it different from its competitors because it is providing goods to the consumers at a lower price than its competitors (Stead, 2014). However, if the company fails to fulfill its responsibility towards environment or society in sustainable manner, then it can invite negative consequences. For example, Coca Cola has faced the legal action in December 2003 due to negative effects of operations on availability of drinking water in a village of Kerala, where company operates its beverage operations (BHRRC, 2017). Such kinds of lawsuits can impose huge legal fines that are harmful for its profitability position. The purpose of this approach is to help you to understand in detail about strategic management. These are th e findings of the report: Viability of Approaches Stakeholders approach avoids the conflicts between different departments of employees of the organization. Stakeholders approach results in the performance measurement of the organization. Boutilier (2011) has asserted that stakeholder approach makes healthy relationships between the organization and the stakeholders. Stakeholders help in managing the risks and to overcome the threats of the organization. Through stakeholders approach, an organization is valuing the opinions of the people working within the organization which motivates the employees and they will contribute towards achieving the goal. Those organizations who are adopting dynamic capabilities approach believe in innovation. Wheelen and Hunger (2010) have indicated that Dynamic capabilities results in valuable, rare, inimitable and non- substitutable business. It helps the organization to create value by altering their resource base. Sustainable approach contributes to effectiveness and efficiency which are the core co mpetencies of every business. Through Sustainability, organizations are able to maintain competitive advantage. High sustainable companies value their employees. In this way, these three approaches help the business to succeed and grow. The major benefit of strategic management is that it helps the organization to identify its opportunities. Strategic management helps the organization to analyze the cost- benefit relationship. Those firma which are using strategic management are more beneficial than firms that are not using strategic management in their operations (Cordes-Berszinn, 2013). Another benefit of strategic management is that it helps in developing team building skills among the employees of the organization. Strategic management helps the organization to take decisions at the time of sudden crises. Strategic management also clears the confusion from the minds of employees regarding their duties. Implementation Issues Implementation is the action plan of strategic management process so it requires full attention. The success and failure of strategy can be judged after this phase. This is the practical version of strategic planning done so far. In this phase, we have to put the plan on paper in action. 90% of firms fail to implement their strategic plans. This is the most important phase so many issues are also related to this phase. The first issue is putting right people to right place because for this the manager needs to identify the skills and potential of each employee. The major issue is the unpredictable future (Godfrey, 2015). Because strategy is made on hypothesis and no one knows what changes can happen in the future. So if any sudden changes occur them it leads to failure of the strategy. These sudden changes includes Technological changes, increase in the cost of raw material, changes in government rules and regulations, conflict among the stakeholders, etc. One more issue is the incre ase in budget if the desired results do not match the actual results then the strategy needs to be revised. Conclusion No doubt strategic management is full of advantages to an organization but there are also some limitations of strategic management. The major limitation of strategic management is it is a very complex process because it involves analysis of critical components like internal and external environment, structure of the organization, economic crises, etc (Cordes-Berszinn, 2013). The factors of external and internal environment are inter-related to each other. So if there are changes in one factor then it will automatically affect the other. For example: if there are economic crises then it in that case the company needs to reduce the number of employees so in this case economic crises is a external factor and the reduction of number of employees is a internal factor (Carroll and Shabana, 2010). In this way the external factor affected the organizations internal factor and the increased employee turnover rate will automatically reduces the productivity of the organization. The next limita tion is that the Strategic management process is very time consuming because it includes five major stages. First is analysis the organizations SWOT, second stage is strategy formulation, third stage is strategy implementation, fourth stage is strategy evaluation and the fifth stage is controlling. References Boutilier, R. (2011) A Stakeholder Approach to Issues Management. USA: Business Expert Press. Carroll, A.B. and Shabana, K.M. (2010) The business case for corporate social responsibility: A review of concepts, research and practice, International journal of management reviews, 12(1), pp. 85-105. Cordes-Berszinn, P. (2013) Dynamic Capabilities: How Organizational Structures Affect Knowledge Processes. USA: Palgrave Macmillan. Freeman, E. (2010) Strategic Management: A Stakeholder Approach. UK: Cambridge University Press. Godfrey, Richard. (2015) Strategic Management: A Critical Introduction. UK: Routledge. Hill, Charles W. L. Schilling, Melissa A. Jones, Gareth R. (2016) Strategic Management: Theory: An Integrated Approach. USA: Cengage Learning. 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