Examples of parent company in the following topics:
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- In this form, one parent company owns subsidiary companies, each of which uses its brand and name.
- This business structure is typically found in companies that operate worldwide—for example, Virgin Group is the parent company of Virgin Mobile and Virgin Records.
- Generally speaking, divisions work best for companies with wide variance in product offerings or regions of geographic operation.
- The divisional structure can be useful because it affords the company greater operational flexibility.
- In the multidivisional structure, subsidiaries benefit from the use of the brand and capital of the parent company.
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- It is thus said that a child is a reflection of his or her parents.
- If you value equal rights for all and you go to work for an organization that treats its managers much better than it does its workers, you may form the attitude that the company is an unfair place to work; consequently, you may not produce well or may even leave the company.
- It is likely that if the company had a more egalitarian policy, your attitude and behaviors would have been more positive.
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- Modeling period (ages eight to thirteen): The individual's value template is sculpted and shaped by parents, teachers, and other people and experiences in the person's life.
- If the managers of a business create a mission statement, they have likely decided what values they want their company to project to the public.
- Because individual values have such strong attitudinal and behavioral effects, a company must hire teams of individuals whose values do not conflict with either each other's or those of the organization.
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- Companies have begun to recognize how important a healthy work-life balance is to the productivity and creativity of their employees.
- This arrangement is also quite popular in circumstances of sick leave, pregnancy, parenting, and other important life events.
- Being able to work from anywhere with an internet connection is a modern luxury that adaptable companies should be well aware of.
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- This definition underscores why it is important for companies to identify the factors of the organization that determine its ideal structure—most specifically the size, scope, and operational initiatives of the company.
- Company size plays a particularly important role in determining an organization's ideal structure: the larger the company, the greater the need for increased complexity and divisions to achieve synergy.
- Companies may adopt one of six organizational structures based upon company size and diversity of scope of operations.
- A matrix structure is used by the largest companies with the highest level of complexity.
- Smaller companies function best as pre-bureaucratic or post-bureaucratic; the inherent adaptability and flexibility of the pre-bureaucratic structure is particularly effective for small companies aspiring to expand.
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- Therefore, companies in a highly uncertain environment must prioritize adaptability over a more rigid and functional strategy.
- Procuring external resources is important in both the strategic and tactical management of any company.
- A company that demonstrates strength in differentiation relative to the competition benefits from implementing a divisional or matrix strategy, which in turn allows the company to manage a wide variety of demographic-specific products or services.
- Understanding these varying forces gives the company an idea of how adaptable or fixed the organizational structure should be to capture value.
- Smaller, more agile companies tend to thrive better in uncertain or constantly changing markets, while larger, more structured companies function best in consistent, predictable environments.
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- Using combined external and internal analyses, companies are able to generate strategies in pursuit of competitive advantage.
- These inputs generally outline each of the specific analyses a company should conduct to understand its internal and external environments.
- Using context analysis, alongside the necessary external and internal inputs, companies are able to generate strategies which actively capitalize on this knowledge in pursuit of competitive advantage.
- This melding of internal and external factors in pursuit of competitive advantage is an ongoing process, as the company must evolve and change in concert with the environment.
- This implementation of strategies that take into account both the internal and external environments eventually achieves dynamic capabilities for the companies involved.
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- According to recent research, companies that make a commitment to innovation are exceptional performers in their respective industries.
- However, the new adhesive was later used on Post-it notes—a great innovation and business success for the company.
- The classic example of a company that completely transformed itself as a result of lateral thinking is the Finnish company Nokia, whose original core business was wood pulp and logging.
- That single realization transformed the company into one of the world's most successful vendors of communications equipment.
- Nokia successfully transformed itself from a logging company to an electronic-communications company through innovation.
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- Understanding current technologies and trends allows a company to align and synchronize operations to optimize returns on innovation.
- BTM does this by creating a set of principles and guidelines for companies to follow as they pursue alignment.
- When companies accomplish this in any given technological environment, they have attained BTM maturity relative to that time frame and industry.
- Companies use four specific dimensions of BTM to achieve this understanding of current technologies and trends:
- Process - Companies must execute a set of fluid and repeatable processes that can be consistently scaled up through evaluation.
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- In business, consolidation refers to the mergers and acquisitions of many smaller companies into much larger ones for economic benefit.
- In strategic management, it often refers to the mergers and acquisitions of many smaller companies into much larger ones.
- Consolidation occurs when two companies combine to form a new enterprise altogether; neither of the previous companies survives independently.
- Both companies' stocks are surrendered and new company stock is issued in its place.
- What start as more than 50 distinct companies have eventually consolidated into fewer than 20.