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(MoneyNewsWire.Net, November 28, 2018 ) Very large organizations are usually shaped by the style of leadership imposed by the CEO. Structures and cultures vary according to the person at the very top of a company. Some CEOs thrive when working in one area of the economy but then fail in others, unable to adapt. Others, typically those leading a group of companies, have found success by concentrating on company culture, granting power to those lower in the hierarchy to take meaningful decisions.
Meanwhile, other CEOs run their businesses according to harsh financial reality - Mike Ashley being a well-known example - due to highly competitive market environments.
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Key Highlights
- Characterized by his uncompromising business style, Ashley seeks to reduce costs where ever possible. - A flamboyant, risk-taking businessman, Branson has predicated the Virgin brand on his own image, frequently undertaking high-profile record attempts (such as the ill-fated effort to co-pilot the first hot air balloon to traverse the globe) to promote the brand. - When Amazon was created in 1994 the concept of internet shopping becoming commonplace remained distant. Founder Jeff Bezos gained enormously from being an early adopter of new technology, propelling a lowly online book retailer to one of the most successful and commercially influential retailers in the world.
Scope
- Examines differing styles of leadership in large businesses - Looks at how brand image is created - Analyzes the role of structure on the fortunes of companies - Assesses the difficulties of managing businesses in new markets - Examines how company culture reflects that of the leadership
Reasons to buy
- How do leadership styles differ? - How does company culture change according to leadership style? - How does a hands-off style influence a company? - Can a hand-on approach work in a group of businesses?
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Major Points from Table of Content:
Overview 2 Catalyst 2 Summary 2 Mike Ashley built a retail empire through aggressive purchasing and sales 6 Sports Direct thrived on low prices and buying out struggling brands 6 Aggressive low-cost strategy pursued at expense of brand perception 7 Recent high-street purchases continue trend of buying struggling brands 8 House of Fraser takeover reveals how aggressively Ashley is happy to play his hand 9 Ashley is wasting little time in getting to work on troubled cycling retailer Evans Cycles 10 Richard Branson hands-off style built Virgin into international brand 11 Treating each brand as a stand-alone business helped to build Virgin group 11 Branson not only sells goods and services, but the Virgin name too 12 Branson has constructed a desirable brand image by employing enterprising leadership style 13 Jeff Bezos built Amazon in his own image, propelling it to global powerhouse 14 Bezos has created a business model able to expand into new revenue streams 14 Long-term perspective limits Bezos to doing what he does best 15 Management structure enables Amazon juggernaut to progress 16 Eddie Lampert has been blamed for decline of Sears through poor leadership 17 Hedge fund management style failed at Sears, continuing a trend of retail failures 17 Centralized style of Lampert caused problems at ESL Investments but also allowed it to thrive 18 AutoNation and AutoZone were transformed in value when ESL Investments became major shareholders20 Conclusions 21 Mike Ashley has become a major retail player thanks to ability to find value where rivals struggle 21 Culture instigated by Richard Branson at Virgin allows the group to maintain its core identity 21 Jeff Bezos style of leadership allowed Amazon to become a global business superstar 21 An intense style of leadership helped Eddie Lampert succeed in hedge funds, but the same approach failed in retail 21 Appendix 22 Sources 22 Further Reading 22 Ask the analyst 23 About MarketLine 23 Disclaimer 23
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