Business In South Africa: Strategic Decisions

1271 words - 5 pages

Introduction and background

It is imperative for small and big businesses to strategize in order to manage themselves and their projects proactively with emphasis on long-term strategy. These strategic decisions must be planned and executed carefully in order to help a business be more competitive, be more profitable and ultimately ensuring its continued existence. Significant research in strategic management really started around the times of World War 2 when export and trade started to thrive, however a lot has changed in the internal and external environments since then.

Business environment

The modern business environment is very active as there is so much growth and change in almost every sector of business. Very good examples comes to light when studying the apparel retail and heavy construction industries over the last two decades. New technologies, globalization and liberalization has forever changed the environment business is being conducted in. At present, there are not too many restrictions in the exchange of goods and services between countries and this supports an extremely competitive business environment. In a study by Reinartz, Dellaert, Krafft, Kumard, Varadarajan (2011), they affirm that there is a progression of globalization of retailing and globalization by retailers. Furthermore, that this is accelerated by economic growth and population growth in emerging as well as less developed markets. In addition, online shopping has been a very big contributing factor to streamline this process. For example, goods produced in one country is available in almost every other.

Information

Jenster (1987) stipulates that effective progress in strategic development and the execution thereof is strongly dependent on the quality of existing information. In addition, quality information is still perceived as a very important resource of a business and that it influences its chances of success. This is imperative, as competent key decision-makers with quality information will be better capable to make the appropriate strategic decisions for their organizations. We can observe the importance of information when we look at the current condition of information technology around the world and particularly in South Africa.

Information and the use thereof has played a very important function throughout history. Even in early history, special messengers and even animals were used to deliver important information during times of war. The information was used to plan strategic attempts to outwit the enemy. At present, companies collect and sell information for advertising agencies or other businesses to expand on their products and services, and as history has proven repeatedly to outwit the competition.

Human Resources

It becomes evident that organizations need to employ the right people to plan its strategic decisions as well as to execute them. Choosing the right people for the right job can be a difficult task and...

Find Another Essay On Business in South Africa: Strategic Decisions

Apartheid In South Africa Essay

2284 words - 9 pages National Congress terrorists and cemented his loyalty to white South Africa because it was “a country that has stood by us in every war we’ve ever fought, a country that, strategically, is essential to the free world in its production of minerals” (“Allied”). Without blinking, he (several years later) told reporters he was “not in the foreign policy business”; this was in reference to trade policies with South Africa (Stock 577). Reagan also

Investment in South Africa Essay

1223 words - 5 pages accountable and even face the law for such thoughts that violate basic principles of mankind and humanity. REFERENCES Caltex in South Africa. (n.d.). Retrieved june 17, 2011, from HubPages: http://hubpages.com/hub/CalTex-in-South-Africa Velasquez, M. (1995). A South African Investment. In BUSINESS ETHICS: CONCEPTS AND CASES . pearson education.

Apartheid in South Africa

1600 words - 6 pages a racist, undemocratic structure. Similar to the apartheid era when the police force was extremely bias towards one race, this has not changed when the security institutions came along. The security institutions didn’t truly care about trying to fix the security issues in South Africa. Problems that faced South Africa during apartheid have continued to face South Africa today. The dreadful decisions of the National Party and white social

Apartheid in South Africa

847 words - 4 pages Racial discrimination dominated South Africa in 1948, and this was further witnessed when the ruling party made the discriminatory apartheid policy into law, in the same year (Pfister, 2005). The Afrikaans word, which literally translates to racial discrimination ‘apartheid’, was legislated and it started with the Dutch and the British rulers. The initiators of apartheid applied it to all social nature of the South African people. For instance

Apartheid in South Africa

856 words - 3 pages Apartheid, the Afrikaans word for “apartness” was the system used in South Africa from the years 1948 to 1994. During these years the nearly 31.5 million blacks in South Africa were treated cruelly and without respect. They were given no representation in parliament even though they made up most of the country. It was not until 1994 when a black man named Nelson Mandela came to power in the South Africa congress. Once elected Mandela removed

Morality in South Africa

643 words - 3 pages Politicians, religious leaders and social commentators have all spoken about a breakdown in morality in South Africa, with crime as the most commonly cited evidence. The lack of respect for the sanctity of human life, for the next person, private property, disregard for the law of the land, lack of parental control over children, and the general blurring of the lines between right and wrong are continuing to plague our communities. To

Apartheid in South Africa

1807 words - 7 pages -- 20 April 1964. Rivonia trial Historical Background South Africa is a land of abundant natural resources, mild climate, and fertile lands. Their resources range from diamond and gold to platinum and their land is fertile enough to feed the rest of the world if cultivated intensively. Yet many believed Africa to be the Dark Continent, a continent of poverty, harsh climate, and political turmoil (Woods 10). Though apartheid officially began in

Agriculture in South Africa

1991 words - 8 pages increase as well or food imports should increase, but if production needs to increase this will need to be done by using the same amount of resources or possibly even less (Colin, 2014). Factors like what food production is critical will also be discussed .In this essay we will look at factors influencing the agricultural potential of South Africa’s soil , what the soil is used for , agricultural productions and why it’s so important… South Africa

Adolescence in South Africa

1729 words - 7 pages words the individual achieves psychological maturity and social maturity (Mwale, 2010). As a consequence of South Africa’s historical background of Apartheid, adolescence in South Africa and the identity development of nationals has to be carefully analysed as a result of such incidents. In my opinion adolescence is a sensitive period and not a critical period for identity development in South Africans. Critical periods involve the notion of an

Apartheid in South Africa

1347 words - 5 pages Nelson Mandela helped bring an end to Apartheid in South Africa because he was a believer in basic human rights, leading both peaceful and violent protests against the white South African Government. His beliefs landed him in prison for twenty-seven years, almost three decades. In doing so, he became the face of the apartheid movement both in his country and around the world. When released from prison in 1990, he continued to honor his

Aids in South africa

1352 words - 5 pages sanitary conditions. All these conditions created by warfare are conducive to the spread of the HIV/AIDS virus. So the cycle continues.The statistics speak for themselves. There is no denying that Africa is in great need of assistance but some out there may questioning, "Why should the United States lead the charge? Why should we stick our necks out for Africa when this really isn't any of our business?" To this I would say, "If not the US then who

Similar Essays

A Strategic Analysis Of Virgin Mobile South Africa

3175 words - 13 pages PAGE \* MERGEFORMAT 6 A Strategic Analysis of Virgin Mobile South Africa Group: Private (Repeater) Subject: MBL 923 Assignment: Group Assignment 1 M.L. Green 70811830 100% 31. Introduction 32. Company background 43. The business landscape 43.1 Porter's 5 forces 43.1.1 Competition from substitutes 53.1.2 Threat of entry 53.1.3 Industry rivalry 63.1.4 Bargaining power of buyers 73.1.5 Bargaining power of

Doing Business In South Africa Essay

5006 words - 20 pages Doing business in South AfricaWhy South Africa?There are many reasons why I have chosen South Africa. Probably the main reason is well explained by its flag and the nickname derived by it: "Rainbow Nation". This nickname was coined by the first black Archbishop of Cape Town, Desmond Tutu, who played an important role in ethically re-building South Africa in 1994, after the disasters caused by decades of Apartheid.This nickname was minted to

Caltex's Business In South Africa Essay

1396 words - 6 pages In my opinion Caltex’s plan was important to the South African. It allowed the black majority to be able to have top jobs in their companies and it also helped them to be able to be with and care for families and dependants. Blacks had no right to vote, they had to use separate areas in public, including dining places, bathrooms, transportation, and others. Caltex became a founder signatory of the Sullivan Principles in South Africa

Ecotourism In South Africa Essay

1515 words - 6 pages Africa Is Economically Useless." Wildlife Extra News. N.p., n.d. Web. Dec. 2013. Broughton, Jane. "Eco-tourism in South Africa's Winelands." SouthAfrica.info. N.p., n.d. Web. Dec. 2013. "Eco-Tourism Game Reserve." Transformational Business Network. N.p., n.d. Web. Dec. 2013. "Effects Of Mining." Environment News: South Africa. N.p., 7 Mar. 2013. Web. Dec. 2013. Mbele, Lerato. "South Africa's Youth Tackle Unemployment." Standard Digital News