Educational Expansion . You Live And You Learn, From The

Educational Expansion You live and you learn, from the moment that we breathe our first breath we begin to assimilate and acquire information. We have life changing learning experiences before we can even speak. As children, our learning process is grandiose, learning a magnitude of things before the age of 5. Harvard University published a series of summaries regarding research on Child development. One of these articles mentions that â€Å"The basic architecture of the brain is constructed through an ongoing process that begins before birth and continues into adulthood.† (InBrief: The Science of Early Childhood Development, n.d.). We are constantly learning and growing our entire lives. To gain an understanding of the world around us, we†¦show more content†¦I was not only entering adulthood, but had a powerful workplace learning occurring during this time. Working at HBO, I was fortunate enough to work alongside some of the best and brightest individuals I had ever met. My boss became my mentor, and guided me through the ins and out of accounting; truly allowing me to acquire a full and clear understanding of the accounting process. I was able to review not just my own work, but the work submitted by many other departments. This allowed me to analyze and determine my career path. I realized my natural career progression was working as an executive assistant. The fact that I was working along many C-level executives, granted me the possibility to move from jr. accountant to executive assistant. Time progressed and so did my life. In the winter of 2002, my husband and I moved to Texas. This was a difficult transition that we made, since I was leaving all my family behind in Florida. It was at this time that I made some life changing choices. I was beginning to reflect of what my life was going to be. There was a transformation going on for me. Looking towards the future was not something I deeply reflected on. My husband and I began talking about forming a family. I began recalling memories I had with my mother. The fact that she graduated college and decided to stay home with us, placed me in the path of transformative learning. In transformative learning Mezirow (1991) mention’s that we have â€Å"broad sets ofShow MoreRelatedThe Little Things Count : College Versus High School1083 Words   |  5 PagesWhen the little things count: college versus high school When you change from the world being a reliant teenager to an young adult you go through a series of life transitions and educational stages. Society marks the educational jump from being a teenager to an adult in a stereotypical way, you are expected to go from high school to college. While attending high school it is the goal of those teachers to prepare you for this aperture into the unknown. 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Problems and Prospects Practice and Theory

Question: Discuss about the Problems and Prospects for Practice and Theory. Answer: Introduction The term strategy can be defined in many ways and in 1991; Grant had defined the strategy as a connection between the internal sources of the organization or skills and the external threats and opportunities, which have been established by the environment. There is no single complete definition of strategy and a single strategy cannot meet the needs of the business of all organizations (Downey, 2007). Furthermore, in the wake of the above the definition of strategy can be elaborated by the discussions made in respect to the importance of the strategic plan and marketing. The analysis of the mutuality in the connection of strategic planning and marketing is carried on and the same is evaluated further with reference to the context of Myer, the Australian retailer (Franklin, 2001). Strategic Planning and Strategic Marketing A specific pattern, which provides the objectives, goals and purposes of a primary nature, is referred to as a Strategy. It also constitutes the policies, which are essential, and plans required for the achievement of the desired goals (Jain et al., 2011). The strategy has been defined under three levels including the corporate, operational and business levels, which have different impacts on the scopes of the organizations. The decisions have a pertinent effect, which include the impact on the numerous resources of the firm, the uncertainness in the advantage and control of the competition, impacts which are irreversible in nature and are large scale in nature. Even the coordination in the decision is impacted. The PESTEL analysis can evaluate the righteousness in a business by the analysis of the aspects including the political, social, technical and social aspects. The evaluation of the five competitive forces can be made at the business level, which comprises of the suppliers bargaining power, industry rivalry, substitution threats and entry threats. The ground level considers the formation of operational strategy, which is based on the analysis of the market of the organization. The analysis helps in the planning for the organization, which is done in a strategic manner. The inputs of the analysis are the basis of re organizing the different internal factors of the organization. Furthermore, the rational behavior in case of the planning at all the levels is the major requirement (BCG., 2006). The process of the strategic planning is ongoing and pertinent from the perspective of future. The vision of the long term must have a promotion in the organization through the rewards given to the concerned decision makers or the management for the accountability of the long-term vision. The planning must have a reflection of the practices and culture, which are ethical in nature. It is important as at the level of business, the strategic plans act to serve like directives at the level of operation (Berry 1984). The strategy of market takes care of the evaluation of the conditions of the market an removes the gaps present in the market. The various approaches of marketing include the systems approach, marketing concept approach, environment approach, product approach, etc. The successful strategy of marketing requires a clear definition of the market and a match, which is skilful between the needs of the market and the strengths or resources of the business. The same can result for the opting of the correct strategy of market for the business units of the organization. The system approach can have an inclusion of the present operations through a strategy, which is multi-brand or the expansion of line of products. The environment approach can be the strategy of advertising while the concept of marketing can be opted for the long-term strategy (Harrison Wicks, 2013). Interrelation The different units or SBUs of the various strategic businesses have a formation, which is based on the price, competition, experiences, substitutability, customers and the needs of the market. The inputs are provided by the analysis of the market and the marketing must aim at the removal of such gaps. The market changes leads to a better development of the resources in the corporate sector like the raw materials, technology, human resources etc. The same implies a strategy of good marketing which helps in the streamlining of the ground level i.e. the products and services of core nature in the business. The same affects the top figures of the company with the overall increase in the values (Kotler, 2012). The corporate strategy or the objectives of the company are generally guided by goals and objectives with the attainment of the specific sales. Therefore, the planning for the attainment of the goals goes down to the level of operations where the management of marketing plays an important role. The final goal of the marketing is the increase of the sales revenue or the overall valuation of the business organization. Hence, there is an interrelationship between both the marketing and strategic planning (Porter. 2008). Myer - Gaining Competitive Advantage The strategic marketing plays an integral role in the success of the business, which is based on the Australian shifts of demography. The organization chosen is Myer Limited (MYER), a company that is a multi chain retailer and has an approximate 50 stores all over the country. The industry of retail is highly competitive in terms of products and costs. The industry is mature and has high threats of entry and substitutes. The buyers have numerous options to be picked from and it results in high turnover. For the maintenance of the competitive prices, the retailers have exploitation of the chains of supply by forcing the suppliers and vendors to get a reduction in the prices. The practices of the retailer, which are unethical in nature has an impact on the external shareholders and the suppliers, which affects the interest of the investor as well. The primary units of the company are fashion, home ware and cosmetics and the BCG Matrix evaluates the units of MYER. The existing ones include food and furniture, which have margins in mixed form and competition at higher prices, which are able to generate stable revenues and form a substantial share of the sales. Hence, there should be retaining of such things and the Stars i.e. the Fashion and Cosmetics are known to help the company revive back its financials and have a high demand as well. The Electrical goods are not able to create much business and hence MYER must have a divestment in such resources (Chanthadavong, 2013). The analysis and the strategy of the MYER for the expansion of the geographic must be performed. There must be acquisition of local players and the new entrants must be restricted. The company must have a redefinition of the internal sources, which are: MYER must have a further expansion of the segments of market and must perform agglomerations with suppliers and obtain advantage from competition for procuring at low cost and selling at better margins (Choi Hartley, 1996). There must be decommissioning of the electrical goods and investing in the cosmetics and fashion for the catering of the conditions of the market (Day, 2011). The company must have an immediate reaction to the inputs which are received by the strategies of marketing. Conclusion The marketing and strategic planning are related. A business can attain an edge of competition by the deployment of the strategy of marketing and planning done internally for the eventual attaining of the business strategy. References BCG. (2006). The strategic logic of alliances. Boston Consulting Group. Berry, J. (1984). Cultural relations in plural society: Alternatives to segregation and their sociopsychological implications. In N. Miller, M. Brewer, Groups in Contact. New York: Academic Press. Chanthadavong, A. (2013, September 25). Myer Investments put dent in profits. Retrieved March 15, 2016, from Retailbiz.com.au. Choi, T., Hartley, J. (1996). An exploration of supplier selection practices across the supply chain. Journal of Operations Management, 333 -343. Day, G. (2011). Closing the Marketing Capabilities Gap. Journal of MArketing, 183 -195. Downey, J. (2007). Strategic Analysis Tools. Topic Gateway Series No. 34. Franklin, P. (2001). Problems and Prospects for Practice and Theory in Strategic Marketing Management. Marketing Review, 134. Harrison, J., Wicks, A. (2013). Stakeholder Theory, Value and Firm Performance. Business Ethics Quarterly , 97 -124. Jain, S., Haley, G., Voola, R., Wickham, M. (2011). Marketing Planning and Strategy. Australia: Cengage Learning Australia Pty Ltd. Kotler, P. (2012). Marketing management. Harlow: Pearson Education. Porter, M. (2008). The five Competitive Forces That Shape Strategy. Harvard Business Review.