Personal Assessment
Over the decades, business competence intensified due to the technological advancement hence the adoption of initiatives to enhance acquisition of leading market position. One of the approaches to enhance an institution’s expertise involves the improvement of skills and capacity among the employees and the development of a functional organizational culture (Baum, 2018). I believe in the effectiveness of elevating the prowess of an employee as an empowerment tool to increase the performance baseline. The major function of a company’s mores entails steering the nature of interaction among the workers. Primarily, the interdependent relationship between enterprise’s values and laborer’s dexterity fosters the proficiency in a firm’s adeptness to achieve significant financial and product development goals.
Skills and capacity development is an approach embedded with a management strategic plan that significantly impacts the performance of an organization. The prominent asset of a company is the workers hence the importance of integrating values and the expertise. Researchers establish a seven steps procedure that enhances the performance of an organization under the spectral view of tactical framework ideology (Kamara et al., 2017). The first phase engulfs understanding the importance of the prudent mainframe. It is crucial to establish the purpose of a disposition to optimally integrate the dynamic stakeholders during the implementation process. The second maneuver is the setting of objectives to enhance an understanding of the targeted outcomes. The aspect significantly contributes to the new behavioral response by the participants due to the articulate guideline to sustain the progressive change in the enterprise. Different institutions uphold distinct concepts during operations and practice to adhere to the set standards. As a result, the advancement of the rationales provides an insight among the laborers and the administrative team regarding the shrewd animus.
In a different spectrum, the third step in the development and implementation of a strategic plan entails the establishment of assumptions. In the business environment, there are dynamic unpredictable situations due to the variant stakeholders participating in the build of value from the products (Mitra et al., 2018). An excellent example of a premise is the adequate availability resources and time for the execution of the aspects. The identification of the fundamentals fosters the prominent prioritization of initiatives, such as promoting the well-being of the employees. The framework enshrines intensifying the skills and capacity of the workers. As a result, it is crucial to determine the interdependent variables contributing to the proficient enterprise competition. Another phase of the enactment is researching the disparate aspects of accomplishing the objectives. A significant percentage of companies focus on integrating the organizational culture and the employees’ expertise, therefore, it is crucial to establish the key factors that enhance the accomplishment the set purposive initiatives and the dynamism of the conceptual framework.
It is the responsibility of a company’s management team to establish initiatives that steer the growth and development of the entity. In this case, researchers indicate that one of the major ideologies that enhance the effectiveness of employees’ skills and capacity encompasses choosing an efficient and compatible action plan. The main reason for the administration’s participation in this step engulfs integrating the disposition with the enterprise’s goals. An excellent example of an undertaking is determining the approaches of improving teamwork and the best benchmarking firms. Although distinct corporations utilize different mainframes to boost the performance outlier among the workers, benchmarking provides a platform for the exchange of values that contribute in the improvement of standards (Mitra et al., 2018). It is the mandate of the relevant parties to initiate articulate and engaging proposition to advance competition among the ventures.
The sixth step in the implementation of the strategic plan on improving skills and capacity among employees entails the development of a supporting plan. Over the decades, technological advancement fostered the intensification in the business competence due to the optimal accessibility of information by the consumers. The concept enhanced the purchaser’s contribution in the decision-making based on the knowledge about products. As a result, companies adopted the dynamic strategy improving the customer service experience through the interaction between workers and the clients. The endowment of expertise among the laborers demands the modification of the policies to enhance the actualization process of the framework within an institution (Mitra et al., 2018). An excellent example of a mainframe entails a profound communication structure outline that indicates the proficiency in flow of information. Optimal sharing of details across the change initiative enhances the derivation of effective results from the engagement, such as an improvement to the performance outlier among the laborers.
The final step of the strategic plan entails the implementation process that indicates the significance of skills and capacity endowment among the employees. The workers feature the highest asset value of an organization. Therefore, it is the responsibility of all relevant stakeholders to ensure the prominent prioritization of initiatives that enhance the expertise among the workers (Mitra et al., 2018). On the one hand, the laborers’ attainment of dynamic professionalism reflects through the institution’s competence. On the other hand, the concept intensifies the contest within the entrepreneurship scape. Mastery in delivery on customer service experience involves the ability to acknowledge the client’s needs and the desired purchasing value.
Nike’s Strategic Management
Branding is a strategic management plan initiative that engulfs the intersection of dynamic values to boost the effectiveness. An excellent example of an enterprise whose competitive advantage relies on imprinting is Nike. It is an international company that focuses on the production of sportswear for both men and women. The organization’s marketing strategy engulfs the diversification of its product and provision of high-quality goods. In this case, the company intensifies its marketing and branding through sponsorships and endorsements (Tien & Ngoc, 2019). An excellent example is the management’s focus on supporting the local gaming activities and individual participants. It is a phenomenon that enhances the firm’s branding with the social identity of the Vietnamese. On the one hand, the institution received optimal support from the government due to the trickle-down effect of the benefits. On the other hand, poor organizational culture and human resources led to the emergence of lawsuits regarding child labor while the workers strike for additional pay (Yusoof et al., 2017). The company’s focus on productivity over the welfare of the employees in Vietnam significantly affected the brand identity and marketability within the region.
Nike’s market penetration to Vietnam is a factor that highly affected the company’s productivity and marketing. Ten years after establishment, the company had employed at least 130,000 Vietnamese in the factories (Nguyen et al., 2018). Apart from providing employment opportunities, the organization and the Vietnam government attain 14% of the extra duty on exports to America (Tien & Ngoc, 2019). In this case, both entities achieve significant benefits based on business profit optimization. On the one hand, Nike attains tax exemption and cheap labor. On the other hand, the Vietnam government boosts its relation with the American administration and shows the opportunities for international entities to invest in the nation. The interdependent relationship between Nike and the Vietnam legislative poses significant enterprise growth and development.
In a different spectrum, Nike faces dynamic challenges during business operations in Vietnam, a phenomenon that significantly impacts the company’s public relations. Although it was the responsibility of the owner of the establishment, the news focused on Nike as the brand that promotes child labor in Vietnam. Additionally, the increase in the workers’ wage poses a challenge to Nike due to the necessity to increase the compensation percentage against the relative profit margin (Yusoof et al., 2017). These challenges profoundly impact the level of productivity and branding in Vietnam. Vietnam is strategically located in mainland Southeast Asia. In this case, the organization efficiently distributes its products across the Asian continent and ships to America. Strategic marketing is an entity that entails the integration of business profitability and competence in the niche sector.
Nike is one of the competent international companies operating across the globe. In this case, the institution attains the niche market in Vietnam through sponsorship programs, local labor employment, and customized branding. The organization’s business model is a construct of strategic management and promotion of the products and services (Liu, 2021). The factory based in Vietnam produces a significant number of shoes supplied in America and partially in Asia. Therefore, it is crucial for the enterprise to ensure the optimal well-being of the workers and business operations. a significant percentage of the enterprises focused on optimizing the market expansion and the attainment of the niche position through the sustainability concept. Nevertheless, various countries uphold different corporation policies hence posing a challenge for the penetration of international organizations (Nguyen et al., 2018). On the one hand, it is the responsibility of the company to ensure positive and competent branding of the products internationally. On the other hand, the subcontractors in foreign nations pose a dynamic challenge in understanding the importance of labeling. Administrative performance depends on the optimal participation of all stakeholders in the operations and implementation of the project frameworks.
Branding is an essential marketing strategy due to the focus on the determination of its target customers. Technological advancement and the increase in human population highly affected the diversity of the natural resources. As a result, a significant percentage of the institutions implemented frameworks that elevate the acquisition of a competitive position in the niche population. One of the segments spearheaded by the evolutionary trend enshrines sustainability belt. It is a portion of individuals whose interests align with the implementation of policies and practices the complement the coexistence between people and nature. Nike is an organization that focuses on the establishment of ideologies that enhance the restoration of environment’s aesthetic value while fostering business profitability (Nguyen et al., 2018). In this case, the company establishes a brand under the spectral view of plausibility.
Succinctly, strategic management is a multidimensional phenomenon that profoundly impacts business competence due to the empowerment of employees with expertise. On the one hand, organizations depend on the administrative approaches that elevate the interdependence between the efficiency and productivity. On the other hand, intensifying the workers’ performance capacity renders a solution to the productivity across the scape of the distinct operations. Although definite corporations utilize different mainframes to boost the performance outlier among the workers, benchmarking provides a platform for the exchange of values that contribute in the improvement of standards.
References
Baum, T. (2018). Sustainable human resource management as a driver in tourism policy and planning: a serious sin of omission?. Journal of Sustainable Tourism, 26(6), 873-889.
Kamara, R. D., Leonard, S., & Haines, R. (2017). Enhancing the capabilities of municipalities for local economic development through skills training. SocioEconomic Challenges, 1(4), 35-44. Web.
Mitra, A., O’Regan, N., & Sarpong, D. (2018). Cloud resource adaptation: A resource based perspective on value creation for corporate growth. Technological Forecasting and Social Change, 130, 28-38.
Nguyen, K. T., Van Nguyen, P., Le, K. A. N., & Bui, T. D. D. (2018). Identity representation in customization: A case of Nike shoes. International Journal of Supply Chain Management 7(5), 582-597.
Liu, X. (2021). NIKE’s general company analysis based on its 2020 annual report. In 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021) (pp. 799-803). Atlantis Press.
Tien, N. H., & Ngoc, N. M. (2019). Coping with challenges and taking opportunities in international business strategies of foreign enterprises in Vietnam.International Journal of Advanced Research in Engineering and Management 5(7), 18-23.
Yusoof, S., Zuber, F., Hazrin, M. N. S. R., Zamziba, N., & Toriry, S. (2017). Wages of labor discrimination: Case study on Nike company Indonesia. International Journal of Academic Research in Public Policy and Governance, 4(1), 2312-4040. Web.