Financial management Assignment Example | Topics and Well Written Essays - 500 words - 2

Financial management - Assignment Example The completion of the acquisition marks the first step in bringing these two organizations together as one team (Microsoft, 2014). Where do Nokia and Microsoft go from here? Since the deal was first announced last September, it was evident that this was a win-win situation for both sides. Nokia can get on with growing its solutions and networks division without the albatross of its money-losing mobile phone unit around its neck (fool.com, 2014). For Microsoft, a late transition to  the 21st  century will be realized in the next couple of days. Its about time. The completion of the Nokia Devices and Services business acquisition April 25 will enable Microsoft to accelerate its share of smart phones and feature phones in developed and emerging markets, and increase its role as a devices and services company. (Local news now, 2014). Microsoft will target the affordable mobile devices market, a $50 billion annual opportunity, delivering the first mobile experience to the next billion people while introducing Microsoft services to new customers around the world (Microsoft, 2014).   Microsoft will continue to deliver new value and opportunity, and it will work closely with a range of hardware partners, developers, operators, distributors and retailers, providing platforms, tools, applications and services that enable them to make exceptional devices. With a deeper understanding of hardware and software working as one, the company will strengthen and grow demand for Windows devices overall (marketwatch, 2014). Industry watchers thought it was a "win-win solution" for both of the enterprises. "Microsoft has always been trying to expand its mobile Internet market, and Nokia, whose manufacturing technology for handsets is advanced, urgently needs to look for a savior," Cao Yujie, director of consultants for IT market research agency CCW Research, told the Global Times. Forgoing the

Strategic Planning Essay Example | Topics and Well Written Essays - 250 words - 1

Strategic Planning - Essay Example External environment must be analyzed by the organization to determine how n organization can survive in the midst of the competitors. Implementation of strategy- strategy implementation entails the act of putting strategy into practice. In addition, the process involves steps development, methods and strategy execution procedure. The process also includes determination of which strategy to come first. Prioritization of strategies should be based on the seriousness of all issues underlying. Strategy evaluation- this element entails the examination of strategy implementation as well as the strategy outcome. Evaluation includes the process of finding out whether the deadlines have been met, whether the process used in implementation steps and process are working the way they should. Strategic management is a crucial part of organizational business strategies. For any organization to successfully survive in a competitive business environment, it has to gather the right information so that the organization can have a competitive advantage to compete against its competitors. Organizations survival deeply depends on how it outshines its competitors. If the competitors outperform the organization then, it fails. A good strategic management is, therefore, vital for an organization to strengthen its operations in the market. Business models offer a description of how an organization structure is set to maximize the profits. On the other hand, business strategy is used to give a description of how organization engages its competitors. A company like amazon and Facebook has been able to beat their competitors through development of new strategies. Facebook has been successful in increasing its revenue through virtual property owner