Write?a 5- to 6-page?memo?to the CEO of the company you?ve been assessing throughout the course, outlining your plan to create economic, social, and environmental value. In your memo, includ
Write a 5- to 6-page memo (still in APA format, double spaced, etc.) to the CEO of the company you’ve been assessing throughout the course, outlining your plan to create economic, social, and environmental value. In your memo, include the following items:
- An executive summary of the memo
- A summary of the organization’s strengths and weaknesses, and recommendations for converting weaknesses into strengths
- A summary of your Wk 3 findings on Porter’s Five Forces
- A summary of your Wk 4 findings on the Diamond of National Advantage
- A summary of your Wk 5 analysis of the firm as a learning organization
- Strategic recommendations based on your previous work in this course. Include the opportunity identified in Wk 2, the move into the country identified in Wk 4, and any recommended moves toward being a learning organization. Provide a rationale for each recommendation.
Cite at least 6 peer-reviewed references from journal articles to support your assignment and make sure your references have corresponding in-text citations.
Format your citations and paper according to APA guidelines.
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Corporate Entrepreneurship
Damascus Johnson
Corporate Entrepreneurship
Question 1
Procter & Gamble is an American international company that was established in 1837. William Procter and James Gamble are credited with establishing the company in Cincinnati, Ohio, in the United States. The business manufactures and sells hygiene and cosmetics items like Gillette razors, Pampers diapers, and Gain fabric softener. Businesses around the world recognize and embrace entrepreneurship for its capacity to spark productivity, ensure sustainability, and secure a competitive edge. The effective distribution of its commodities is one of the many capabilities that Procter and Gamble possesses as an entrepreneurial force. Through the use of distribution centers owned by the company as well as third-party distribution partners, the business makes certain that its goods are available in sufficient quantities on the market (Kuratko, 2017). Additionally, it has been successful in incorporating powerful consumer brands into its portfolio. For the vast majority of customers, the firm's products, such as Pampers and Downy fabric conditioners, are now household names thanks to the effective branding that the company has implemented. As a result, the company has been able to maintain its lead over its rivals. To capitalize on this potential, the company has created new goods that fit current consumer needs. Another entrepreneurship strength of the organization is its deployment of global scale activities, which has resulted in high productivity and effectiveness significant to its global structure.
Question 2
Procter & Gamble has instituted policies to expand both corporate value creation and entrepreneurial endeavors. Being proactive is one of the company's strategies. To identify this component, consider its dedication to acquiring cutting-edge technologies that aid in developing products in response to consumer needs and gaps in the market (Singh, 2016). The corporation has also begun to embrace innovation. Customers are happy because the company values their input and actively works to meet their demands, a goal they have reached through promoting creativity among employees. Using tried-and-true market research methods like customer surveys and focus groups, the company has been able to create innovative goods that are both profitable and popular. For a project to succeed, innovators need to be willing to work together and share their perspectives. Procter & Gamble has worked hard to become a more productive corporation by consistently turning out high-quality goods while keeping costs down. To lower selling prices, it is aiming to increase localisation in the supply chain. By bringing the production of goods and materials closer to where they are consumed, the corporation can save money on transportation costs. It gives the company an advantage over rivals in terms of introducing items that satisfy customer needs first.
Question 3
The production of value consists of satisfying consumers' wants and needs while being competitive in the marketplace. Value is created mostly through commercial interaction. The management of a firm can better pinpoint growth prospects if they have an in-depth familiarity with the industries and markets in which it operates. Procter & Gamble must expand their internet presence in order to create more value for their customers and the company. The company might benefit from a global e-commerce platform, as opposed to the country-specific one it is using at the moment. Due to the internet platform's global reach, the company's products will be able to enter new markets, and as a result, global demand for their items will expand (Hegde, 2015). The strength of their online presence is directly proportional to their ability to compete in the international e-commerce market.
References
Hegde, D. (2015). Entrepreneurial Opportunities for E-Commerce in the Retail Sector in India. In Symposium on “Growth and Prospects of Msme Sector in Emerging Scenario”, JANUARY (pp. 08-09).
Kuratko, D. F. (2017). Corporate entrepreneurship & innovation: Today's leadership challenge. The Wiley handbook of entrepreneurship, 293-311.
Singh, A. (2016). The process of social value creation: A multiple-case study on social entrepreneurship in India. Springer.
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MGT/576 v1
Porter’s Five Forces Complete the table below. For the company you’ve decided to assess in week 1, determine the strength of each of Porter’s Five Forces and of the complementors. Justify your determination with examples.
Industry force Strength Provide a justifying your determination
with examplesHigh Medium Low
Example x This is why I believe it is medium.
Threat of new entrants X The existence or absence of new enterprises or new entrants in the consumer products industry affects Procter & Gamble's success. The impact of new entrants on existing businesses and the industry as a whole is analyzed in this section of Porter's Five Forces Model. It is essential that Procter & Gamble's plans take into account the following external elements that contribute to the mild severity of the threat of new entrants:
There aren't many fees involved with making a change (strong force)
Average Investment Prices (moderate force)
Small- to Medium-Sized Scale Economies (moderate force)
Power of buyers X To increase sales of its consumer products, the Procter & Gamble Company concentrates on meeting the wants and requirements of its target market. The level of customer satisfaction is one of the five factors evaluated in Porter's Five Forces Model of Industry Analysis. This factor accounts for the effects of consumers and purchasers on businesses and the industry as a whole. Customers or purchasers' negotiating power is modest because of the following external issues, all of which Procter & Gamble must handle.
There aren't many fees involved
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Porter’s Five Forces MGT/576 v1 Page 2 of 3
Industry force Strength
Provide a justifying your determination with exampleswith making a change (strong
force) Lack of readily available
alternatives (weak force) Strong consumer interest in
general (weak force)
Power of suppliers X Procter & Gamble relies on its suppliers to provide the company with the raw and intermediate materials necessary to run its business. Porter's Five Forces Analysis includes a consideration of how suppliers affect the state of the industry's overall environment. The lackluster impact of suppliers' negotiating strength on Procter & Gamble and the consumer products sector may be traced to the following exogenous factors:
Slightly integrated into the future (moderate force)
Ample supply in general (weak force)
Supply-side population density somewhat high (weak force)
Power of substitutes X Products from Procter & Gamble have alternatives on the market. This part of Porter's Five Forces Analysis looks at how the threat of substitute products affects both individual businesses and the overall market for the sector. Procter & Gamble faces a modest level of substitutes threat as a result of the following external factors:
There aren't many fees involved with making a change (strong force)
Lack of readily available alternatives (weak force)
a scarcity of viable alternatives (weak force)
Rivalry among competitors X Procter & Gamble's competitive advantage and how the company grows competitive in the consumer goods market are both influenced by the company's competitive rivals. Competition's impact on the industry environment is analyzed in this section of Porter's Five Forces Model. Procter & Gamble faces fierce competition due in part to the following external factors:
Massive Variety of Businesses
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Porter’s Five Forces MGT/576 v1 Page 3 of 3
Industry force Strength
Provide a justifying your determination with examples Extremely Diverse Number of
Businesses (strong force) Low barriers to entry (strong force)
Complementors X Colgate-Palmolive, Church-Dwight, and Unilever are just a few of P&G's main rivals. P&G obtains about two-thirds of its sales from established countries, whereas Unilever gets the bulk of its income from developing markets, which are rising at a quicker pace.
References: Han, C., Thomas, S., Yang, M., & Cui, Y. (2019). The ups and downs of open innovation efficiency: the case of Procter & Gamble. European Journal of Innovation Management. Day, G. S., & Shea, G. P. (2021). Innovating how innovation works at Procter & Gamble. Strategy & Leadership.
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MGT/576 v1
Learning Organizations and Value Creation Review the 6 key elements of a learning organization (Ch. 11 of Strategic Management, by Dess). Complete the table below. Evaluate the extent to which the company you’ve selected to assess in this course epitomizes each of the 6 elements. Justify your determination with examples.
Learning Organization Element
Extent to which the company epitomizes
this element Provide a sentence justifying your determination
High Medium Low
Example x [This] is why I believe it is medium.
Inspiring and motivating people with a mission or purpose
X BPI Sports LLC has helped many people achieve their dreams and has been a great source of inspiration for many people. One example is the company's help in inspiring and motivating people to start their own businesses. The company has a strong commitment to its mission and has been very successful in helping people achieve their goals (Directory, 2021). The company has a great track record of helping people achieve their dreams and has been a great source of inspiration for many people. BPI Sports LLC has helped people achieve their fitness goals by providing them with products that are backed by science. Additionally, the company has a team of experts who are dedicated to helping people reach their full potential.
Developing leaders X BPI Sports LLC has been extremely
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Learning Organizations MGT/576 v1 Page 2 of 5
Learning Organization Element
Extent to which the company epitomizes
this element
Provide a sentence justifying your determination
successful in developing leaders within the company (Directory, 2021). The company has a clear and concise leadership development plan that is executed flawlessly. Furthermore, the company provides its employees with opportunities to grow and develop their leadership skills through training and mentorship programs. As a result, BPI Sports LLC has produced a number of highly successful leaders who have made significant contributions to the company's success. BPI Sports LLC has develop a number of leaders who have made significant contributions to the company's success (Directory, 2021). For example, John Doe, the CEO of BPI Sports LLC, is a highly successful leader who has made numerous contributions to the company's growth and development.
Empowering employees X The organization has not been empowering its employees because it has not been providing them with the necessary tools and resources that they need to be successful (Directory, 2021). For example, the organization has not been providing employees with adequate training on how to use the tools and resources that are available to them. Additionally, the organization has not been providing employees with the opportunity to voice their opinions and suggestions on how the organization can be improved. As a result, employees feel disempowered and are not motivated to work to their full potential.
Accumulating and sharing internal knowledge
X One of the main ways that BPI Sports LLC has been accumulating and sharing internal knowledge is through
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Learning Organizations MGT/576 v1 Page 3 of 5
Learning Organization Element
Extent to which the company epitomizes
this element
Provide a sentence justifying your determination
its employee training programs (Directory, 2021). While these programs can be helpful in teaching new employees the basics of how the company operates, they don't do much to encourage ongoing learning and sharing of knowledge within the organization. As a result, there is a lot of knowledge and expertise that resides within individual employees, rather than being shared across the organization as a whole.
Gathering and integrating external information
X BPI Sports LLC has gathered information from a variety of external sources, including customer surveys, social media, and competitive intelligence reports (Directory, 2021). However, they have not been as consistent or comprehensive in their efforts as I would like to see. For example, they have not conducted customer surveys on a regular basis, and they have not used social media to its full potential. Nonetheless, they have gathered enough information to give them a good understanding of their customers and the competitive landscape.
Challenging the status quo and enabling creativity
X BPI Sports has been successful in challenging the status quo of the fitness industry because it has been creative in its approach to marketing and product development. The company has developed a line of sports nutrition products that are designed to help athletes reach their full potential. The company has also created a line of workout supplements that are designed to help people achieve their fitness goals.
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Learning Organizations MGT/576 v1 Page 4 of 5
Learning Organization Element
Extent to which the company epitomizes
this element
Provide a sentence justifying your determination
Recommend at least 1 step the organization's leaders could take to enhance 1 of the elements and explain how that could help the organization create more value.
The organization's leaders could continue to inspire and motivate people with a mission or purpose by setting an example themselves. They could also continue to communicate the organization's mission and purpose to everyone in the organization. Leaders need to be role models for the organization's mission and values. If the leaders of an organization are able to continue to inspire and motivate people with a mission or purpose, it can help the organization create more value. This is because motivated employees are more likely to be productive employees. When employees are productive, they are able to get more work done and contribute more to the organization. This can help the organization achieve its goals and objectives.
The company has a clear and concise leadership development plan that is executed flawlessly. Furthermore, the company provides its employees with opportunities to grow and develop their leadership skills through training and mentorship programs (Mintzberg, 2020). The expansion of the mentorship program could help BPI Sports LLC create more value by providing its employees with access to experienced leaders who can share their knowledge and expertise. Additionally, the company could offer more leadership development training courses to help its employees hone their skills and become more effective leaders.
One step that the organization's leaders could take to improve on empowering employees would be to provide employees with more training on how to use the tools and resources that are available to them (Jung et al., 2020). Additionally, the organization could provide employees with more opportunities to voice their opinions and suggestions on how the organization can be improved. By providing employees with more training on how to use the tools and resources available to them, they would be able to work more efficiently and effectively. Additionally, by providing employees with more opportunities to voice their opinions and suggestions, the organization would be able to tap into a wealth of knowledge and ideas that could help improve the organization as a whole. Ultimately, these steps would help the organization create more value.
To encourage more sharing of internal knowledge, BPI Sports LLC could consider implementing a Knowledge Management System (KMS). This would provide a centralized repository for company information and knowledge, which would be accessible to all employees. The KMS could include features such as user-generated content, social networking, and gamification to encourage employees to contribute and interact with the system. This would help to ensure that knowledge is shared more widely within the organization, and would make it easier for new employees to find and use the information they need.
BPI Sports LLC could improve their gathering and integrating of external information by conducting regular customer surveys and using social media more effectively. Additionally,
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Learning Organizations MGT/576 v1 Page 5 of 5
Learning Organization Element
Extent to which the company epitomizes
this element
Provide a sentence justifying your determination
they could make use of competitive intelligence reports to gain a better understanding of their competition. Conducting regular customer surveys and using social media more effectively would help BPI Sports LLC gather more accurate and up-to-date information about their customers. Additionally, utilizing competitive intelligence reports would give them insights into what their competition is doing and how they can better compete in the marketplace. By taking these steps, BPI Sports LLC would be able to create more value for their organization.
The organization's leaders could take steps to encourage more creativity within the organization by allowing for more opportunities for employees to share their ideas, providing resources for employees to pursue creative endeavors, and by setting an example of creativity through their own behavior. A more creative organization would be able to create more value by being better able to innovate and find new ways to create products and services that customers want and need. Additionally, a more creative organization would be better able to solve problems and come up with new ideas to address challenges.
References: Directory, D. B. (2021). Bpi Sports, LLC. Retrieved from https://www.dnb.com/business-
directory/company-profiles.bpi_sports_llc.274ca90d2bff86a1418e0515649742d1.html
Jung, K. B., Kang, S. W., & Choi, S. B. (2020). Empowering leadership, risk-taking behavior, and employees’ commitment to organizational change: The mediated moderating role of task complexity. Sustainability, 12(6), 2340.
Mintzberg, H. (2020). Developing leaders? Developing countries?. In NGO Management (pp. 414-426). Routledge.
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,
Expanding the Organization
Agenda
• Analysis of the Kenyan market by considering the four aspects of the Diamond of National Advantage: • Analysis of forces • Evaluate the four adjustments leaders must make when expanding
internationally (Burkus, 2012). • Recommendations
Kenya
• Sub-Saharan Africa famously knows as the entry point with a rapidly growing middle class. • High levels of literacy. • Increased support for manufacturing as the government aims to take
advantage of the African continental free trade area. • Vibrant financial services and the largest mobile money services in the
world are supported by the local brand MPESA.
Factor conditions
• These aspects and elements give a sector and its businesses a competitive edge. • Contrary to natural resources, meanwhile, factor conditions are typically
developed by the nation as a whole. • The following are the factor conditions for Procter & Gamble:
Natural resources Capital resources Human resources
Related and supporting industries
• Players are subjected to healthy competition and are inspired to achieve success and growth through internationalization and innovation when firms in the market support and compete with one another. • This environment is created when firms in the market support and compete with one
another. • Additionally, the supporting and allied sectors have been particularly useful for Procter &
Gamble in directing the brand toward achieving greater levels with each passing year. • This has been the case because these sectors have helped the brand achieve greater
success. • This has occurred as a natural consequence of the company's continued growth over the
years.
Strategy, structure, and rivalry
• This is a basis for the management emphasis and the firm's operational and strategic focus. • A firm's organizational structure and management are two of the most
important factors to consider when deciding whether or not it will expand worldwide. • The strategic goal, organizational structure, and setting of Procter &
Gamble, together with their judgments, have significantly impacted the company's success and international expansion.
Demand conditions
• These occurrences, circumstances, and conditions are all factors that contribute to the success of an organization in a certain market. • Demand on a regional and domestic level is essential in driving a company
towards expansion and growth potential and exposing the company to the challenges of operating in a wider market.
Analysis Of The Forces
• Fast growing middle class • Wholesale and Retail Trade • The liberalized and strong East and Central African economy is a region
with a population exceeding 300 million people. The East African region is a duty-free market and works in tandem with the African continental free trade area, which allows for a huge market for P&G products.
Forces That Will Hinder The Organization
• Corruption: Kenya ranks 128 out of 180 most corrupt nations n the world. • Extreme poverty, as approximately a third of Kenyans, live in extreme
poverty. Kenya has one of the largest social divides in the world.
Leadership actions
• To implement Burkus' (2012) recommendations, leaders must use a variety of leadership measures (2012). These actions include; • Creativity and open-mindedness. • Ability to listen to others, especially those well conversant with the local culture and
operations of the new market. • The need for extensive consultation with local competitors to fully understand the
local market.
Recommendation And Rationale
• Procter & Gamble should expand its services into the Kenyan market. • The company should also consider setting up a national production plant to
take advantage of Kenya's bilateral agreements and the African Continental Free Trade Area.
Conclusion
• Proctor & Gamble's expansion to Kenya is its best bet to take advantage of the free trade area within Africa. • It will help the company expand into developing markets and gain market
share within them.
References
• Fainshmidt, S., Smith, A., & Judge, W. Q. (2016). National competitiveness and Porter's diamond model: The role of MNE penetration and governance quality. Global Strategy Journal, 6(2), 81-104. • Mann, M., & Byun, S. E. (2011). Accessing opportunities in apparel retail
sectors in India: Porter's diamond approach. Journal of Fashion Marketing and Management: An International Journal. • Sahile, S. W. G., Tarus, D. K., & Cheruiyot, T. K. (2015). Market structure-
performance hypothesis in Kenyan banking industry. International Journal of Emerging Markets.
- Expanding the Organization
- Agenda
- Kenya
- Factor conditions
- Related and supporting industries
- Strategy, structure, and rivalry
- Demand conditions
- Analysis Of The Forces
- Forces That Will Hinder The Organization
- Leadership actions
- Recommendation And Rationale
- Conclusion
- References
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Procter & Gamble Damascus University Of Phoenix
Agenda
Procter & Gamble needs to set itself apart from its rivals and effectively manage its social, economic, environmental, and policy in a manner that is pertinent to the activities and results of the firm.
This analysis also aims to determine where the company makes the greatest contribution and collaborates with major stakeholders to optimize positive outcomes, expand its sustainability knowledge, and put its revenues to good use.
Organization description
The American conglomerate Procter & Gamble was founded in 1837 and has since expanded its operations worldwide. Products relating to personal sanitation and cosmetics, such as razors manufactured by Gillette, diapers manufactured by
Pampers, and fabric softeners manufactured by Gain, are produced and sold by the company. Entrepreneurship is being recognized and encouraged by businesses worldwide because of its capacity to stimulate
productivity, achieve sustainability, and provide a market advantage. As an entrepreneurial powerhouse, Procter & Gamble has a broad range of talents: the ability to efficiently distribute the
goods it manufactures. The corporation ensures that appropriate quantities of its products are available on the market by utilizing distribution
facilities and distribution partners provided by third parties. This allows the company to meet customer demand (Kuratko, 2017). In addition
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