Question

Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies.

Answer 1

ALmarai :

vision : very early senior manager should must consider what path the company should take & what change in the company product -market -technology focus would improve its market standing this constitute vision of the company.A clear view of "where we are to go ". Thus strategic say a particular direction to be followed. A clearly drawn vision communicate management aspiration to shareholder.

core competencies : is a capability of the company to have competitative advantage over its rival .Core competencies can be defined as combination of skill and techniques

step :1) Approving the strategic plan of the company & supervising their implementation.

2)Determining the appropriate capital structure , supervising capital expenses of the company

3)Deciding the performance to be achieved

4)Reviewing & approving the organisational and functional structure on a periodic basis

5) Laying down rule for internal control system & supervising to those system

6) Ensuring the integrity of financial & accounting procedure including procedure for preparation of financial statement

7)Installing mechanicism for the settlement of complaint or dispute

8) Core competence for a firm whatever it does best , So further sharpening those skill so that it will help company in achieving it vision

9) With the use of Core competence further innovating product which suits company vision & give strong position in market

10) core technological competencies are corporate assets it's facilitate to further access to variety of market & copying the product is also difficult for competitors