The Company Strategic Technology Group Essay - 964 Words

In 1994 the company Strategic Technology Group (STG) was founded by Atul Jain as an S corporation. The business of the company was to provide a high quality of consultancy for IT projects. STG started its business operations for 3 years from 1995 to 1998 and provide services to Mobil, Siemens, Mac, SRA, Freddie TRW, and Cable Wireless. In 1998, the company name was changed to TEOCO, which represents The Employee Owned Company. The company, TEOCO, changed its focus from consultancy to product development for the telecommunications industry. TEOCO expanded rapidly as the numbers of the employees exceeded 75. The company switched from an S corporation to a C corporation due to the maximum numbers of shareholders as the company was employees’ owner. TEOCO grew its products to its clients base and invested large amounts to three business: netgenShoper.com; online auction, Eventrix; an event planning portal, and AppreciationYou.com for employee retention support. Each of these has its own core value, business goals, and location. They are handled by different managers and are dependent on TEOCO’s cash flow for the developments of their entities. These business made TEOCO loses for the first year in 2000. To overcome losses, Atual as the CEO made a judicial decision to focus on activities that meet the company’s core value expertise and its base clients and that come through the telecom sector by enhancing its service with innovative products. In 2004, research andShow MoreRelatedEssay on Strategic Management and Strategic Competitiveness1374 Words   |  6 PagesRUNNING HEAD: STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 1 Strategic Management and Strategic Competitiveness XXXXXXXX Strayer University BUS 499 Business Administration Capstone XXXXXXXX April 18, 2013 STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 2 With offices in more than 30 countries, Red Hat, founded in 1993, is the worlds leading provider of open source solutions, using a community-powered approachRead MoreKey Strategic Experience On The Completion Of The Board Meetings1482 Words   |  6 Pagesthe key strategic experience on the completion of the board meetings that are equivalent in the 3 year period of management at WRSX. The board meetings the data displayed a rarely consistent, positive and stable outcome overall as it was progressively increasing due to the group’s accurate decision making to an successful  £5.22 of share price on the board meeting six. However By critically evaluating the board meeting three’s decisions WRSX able to consider the other alternative strategic actionsRead MoreBusiness Strategy Towards Global Education1234 Words   |  5 Pagesmultinational company based out of London. Pearson began as a building contracting company, and over its 150 year history, has transformed itself into a publishing company in the early twentieth century, and has now shifted focus towards education (Pearson, n.d.). Pearson employs approximately forty thousand employees with one-third located in emerging markets (SEC, 2015). The company officially shifted the corporate strategy towards global education and by streamlining technology in 2013 (RadjouRead MoreStrategic Management and Leadership738 Words   |  3 PagesModule: | Strategic Management and Leadership | Session: | Introduction to Strategy and Strategic Management | Submitted by: | Lord Mills, | Exploring Strategy: 9th edition, 2010: Johnson, Scholes and Whittington: Prentice Hall Publishing LEGO Group: Working with Strategy – pages 542 – 546 1. Explain how the development of strategy at the LEGO Group reflects the key characteristics of strategic management. As a reminder, strategic management has three key characteristics: strategic positionRead MoreEssay Number One Technology Company, Cisco1349 Words   |  6 PagesCisco incorporated has grown significantly over the years, since its inception and has established itself as the number one technology company throughout the industry. Initially Cisco started as manufacturers of modems and routers and has expanded its scope over the years. This paper will attempt to address Cisco’s operations and strategies in foreign markets it will also delve into the strengths, weaknesses and threats in the political, legal and economic environment in which it operates. CiscoRead MoreSwot Analysis : A Pestel Essay1645 Words   |  7 Pages(Friedman 2016). †¢ The use of expensive technology to undertake exploration requires heavy investment. Social †¢ Shell needs to ensure the health and safety of its personnel because they handle harmful chemicals such as ethanol. †¢ The company faces litigations from human rights lobby groups in some countries. For instance, Shell Nigeria experienced gas flares in 2010 that caused social unrest from affected communities to the point of legal suites against the company (Mason 2010). Technological †¢ ShellRead MoreThe Core Of Strategic Plan1288 Words   |  6 PagesA strong strategic analysis is beneficial to shareholders, customers, employees and decision-makers in an organization (Pearce, 2009). The core of strategic plan will provide a thorough designed and informative mission statement. Using the brand â€Å"enjoys high reputation and acknowledgment around the world† as a benchmark (Sinochem Group, 2016), the company’s mission statement has been developed to differentiate its products from the competition. In addition, the vision statement as â€Å"to become a greatRead MoreThe Walt Disney Company Strategic Planning Analysis1139 Words   |  5 Pagesï » ¿The Walt Disney Company Strategic Planning Analysis Executive Summary Strategic Planning is the process of developing and maintaining a strategic fit between the organizations goals and capabilities as well as emerging market conditions and opportunities. Disneys primary strategic objective is to product high-quality content through their entire product mix. The company also had a record financial performance in 2010 led by the Disney movie studio last year was the first in history to makeRead MoreThe Academica Group: Company Overview1577 Words   |  6 PagesAcademica Group Contents Executive Summary 2 Information is Power 3 Vision, Mission, and Core Values (Academica Group, 2012) 4 Vision 4 Mission 4 Core Values 5 Competitive Landscape 6 Competitive Strategy 7 Summary and Conclusion 8 Executive Summary Academica Group is a data-driven organization that utilizes technology to help higher education institutions understand the perceptions of institutional brand and reputation. Higher education consumers are influenced by suchRead MoreInformation System998 Words   |  4 Pagesin HOW MUCH DO CREDIT CARD COMPANIES KNOW ABOUT YOU? 1. What competitive strategy are the credit card companies pursuing? How do information systems support that strategy? 2. What are the business benefits of analyzing customer purchase data and constructing behavioral profiles? 3. Are these practices by credit card companies ethical? Are they an invasion of privacy? Why or why not? IS THE IPAD A DISRUPTIVE TECHNOLOGY? 1. Evaluate the impact of the iPad using Porter’s competitive