Management - Strategy Process Essay Example | Topics and Well Written Essays - 2500 words

Management - Strategy Process - Essay Example The word strategy was introduced by Sun Tzu in his book The Art of War though at that time he discussed about the military strategy (Tzu, 1971). The main concept behind using of word strategy was to gain advantage over something or someone and in business strategy has been defined as a comprehensive and integrated plan that has been devised to make sure that the main objective of the organization is achieved (Glueck, 1980). Strategy has been used by firms globally to identify what the organization would like to achieve and how it is going to achieve therefore the importance of strategy becomes very vital as proper strategic planning will influence the future of the organization and it will define whether the organization would be able to achieve success or not. Strategic management in the last few years have become a field for the managers which helps them in managing STRATEGY PROCESS Devising strategy for the management has become an important task as it leads to the success or fail ure of the organization. ... Plan 2. Ploy 3. Pattern 4. Position 5. Perspective 1. Strategy as a Plan Plan is defined as the first P of the 5Ps of Strategy as proposed by Mintzberg. Strategy is about planning in order to achieve something or in order to deal with certain situation. Planning involves guidelines that have to be followed to achieve the main objective of the organization. So, this definition of strategy leads to two important characteristics of strategy which are: Planning or strategy has to be made in advance There is an objective or purpose behind formulation of strategies (Henry, Mintzberg, Quinn, & Cliff, 1992) Managers use different tools like SWOT and TWOS to plan their actions according to what they have and what they do not have along with the opportunities that exist in the market that they can exploit. 2. Strategy as Ploy Strategy can be described as a ploy as well with the aim to get the better of competitors. According to Mintzberg (2002) with the ploy of outsmarting the competitors and disrupting or discouraging them, strategy can be considered as a ploy as well. Scenario analysis is one of the tools that have been used by managers to analyze the situation of the company against competitors. 3. Strategy as Pattern Strategy according to Mintzberg (1987) is also defined as a pattern as using the word strategy with plan only is not sufficient. Pattern means consistency in actions and consistency in the way things are managed and done. It has been explained that patterns are realized strategy whereas plans are intended strategies. 4. Strategy as Position Strategy is also defined as position which refers to how the management decides to position the organization in the market. With this definition, the

CyberSecuirty Threats Essay Example | Topics and Well Written Essays - 500 words

CyberSecuirty Threats - Essay Example This compromise may include a covert computer terminal is connected to the same line through the telephone switching equipment and is then used when the legitimate user is not using the terminal. The computer cannot differentiate between the two terminals; it senses only one terminal and one authorized user (Peter & Allan, 20). A user may also improperly sign off when leaving a terminal session. Here, the intruder will find the terminal session in active state and access the user’s files as the computer believes the user is still active. The perpetrator may also use another form of piggybacking where they forward the call of the victim’s calls to the perpetrator’s phone (Peter & Allan, 120). Passwords are the other form of security verification methods implemented in computer networks and devices. With passwords, the user is required to enter secret digits or letters or both to provide access to a system or files in a system (Lynch, 401). Passwords have been in existence since long ago and are applicable in many fields such as in automated teller machines, mobile phones and computer operating systems (Peter & Allan, 70). However, passwords have been known to be cracked and as such very in strength where alphanumeric patterns of passwords offer the strongest passwords while simple letters or digits offer weak and vulnerable passwords (Peter & Allan, 80). Phishing in internet security is a form of crime that occurs in the internet. Here, deception is used to acquire someone’s or a company’s sensitive information such as their bank account details, credit card number, usernames and passwords. The culprit masquerades as a trustworthy party such as a bank or popular site (Lynch, 410). They in turn send emails or instant messages that are infected with malware and harm the unsuspecting victim. Once the message or email is opened the malware retrieves the user’s