Business Success Major Concept

The major aim was to create an efficient cross-cultural management team. Clark’s administration made the choice to merge their company with Volvo and Euclid in order to compete with the Japanese cheaper costs and high-quality products (Kerzner, 2016). Their joint venture model enabled them to reap rewards in addition to surviving in the market.

To perish an organization, the thinking system takes into account numerous concepts and strategies. Through the joint venture, the company was able to deliver a better product that sustained in the marketplace.

System Bounded with Time

The company made a precise decision at the right time

System Overlapping with Other Systems

Clark’s joint venture with Volvo and Euclid

Team learning

The group activity of Volvo, Euclid, and Clark’s helped them to strategize and come up with a better product.

Shared Vision

Collective ideas were gathered, and the goal achieved (Gattari, 2013).

Evaluation of the Identified Major Concepts for Success

For an organization to get adapted to any unexpected events, it must be dynamic. The strategy by Clark to have a joint venture for their manufacturing process was a good move. Besides the ability to have a cross culture management to work effectively, Clark’s management was also free of fear and able to identify the process. Collectively, the company was a success.

Clark could have explored other strategies such as securing more funding and investing in the R & D process which could have given a competitive product (Gattari, 2013). It could have also decided to request their workers to share their expertise and ideas to make decisions and handle the situation (Gattari, 2013). However, a joint venture was a more appropriate approach.

Learning Activity 2- Theme 2

Agile management is not the answer to creating a facile and competitive business organization. Most of the Agile methodologies fail to define any project management. Therefore, there is the necessity of managing project reporting, strategies, budgets, planning, and scope (Meredith & Mantel, 2014). Also, there was less enthusiasm from the traditional management camp to having the Agile ruling the world (Meredith & Mantel, 2014).

References

Gattari, T. (2013). Business success. North Sydney, N.S.W: Ark House Press.

Kerzner, H. (2016). Project management: Case studies. Hoboken, New Jersey: John Wiley & Sons, Inc.

Meredith, J. R., & Mantel Jr, S. J. (2014). Project management: a managerial approach. John Wiley & Sons.