Determine whether the current organizational structure at Domino’s is a good match for its corporate strategies. Explain your rationale.
I believe that franchising is the way to go for this company because it diversify the company’s cost, demographic and geographic risk while still increasing its income. Since 2009 the company has changed its strategy to target low income customers with low cost product to a better quality product with a larger menu. The company tried their hand with launching a sub strategy to compete with competitor Subway but it decreased its market share. By doing this Domino’s found out that they are better in making pizza and pasta because that is what sells. Their customers are used to buying pizza and pasta from their chain. In my opinion it is better that Domino’s focuses on making better pizza with better ingredients in order to keep their customers coming back and to bring in new customers from the competition.
Evaluate alternative structures to determine which one would be most appropriate for Domino’s to consider and discuss likely benefits Domino’s would realize from adopting that structure. Provide specific examples to support your response.
I think that Domino’s should work on finding a niche market in the grocery retail business. By putting frozen food products with their name on it on grocery shelves they have a better way of getting their products noticed in the retail industry. For example, many top chain restaurants like Chili’s, Red Lobster and TGI Friday’s have food in grocery retailer locations throughout the world. In my opinion this would be the best route for Domino’s to head in to bring in more revenue for the brand as a whole.
Compare and contrast strategic controls and financial controls. Provide specific examples of how each may be used to best serve a corporation.
Strategic control is the criteria intended to check if the firm is using appropriate strategies to put them in a competitive advantage. A financial control is the criteria used to measure the firm performance against previous outcomes as well as against competitors’ performance and industry averages. Common ratios to use in financial control are return on assets and return on equity. An example of strategic control would be if a company wanted to start a new line to go under their current umbrella they would first have to brainstorm a plan of action that is strategic and makes great business sense and is important to the growth of the company. An example of financial control is for a company to be able to go back in past times and view the finances of the company and its competitors.
As a strategic leader, determine if you would feel ethically responsible for developing your firm’s human capital and state why. Discuss whether or not you believe your position is consistent with the majority or minority of today’s strategic leaders.
I believe that a strategic leader would be smart and wise in their leadership capabilities. The leader should know many things about the company and how their financial and legal rights of their position. By being a great leader that person will have many followers those followers will soon follow that leader no matter what action or decision he/she may take. I believe that now and day’s ethics is more important than ever before in any industry because it is extremely hard for people to follow an unethical leader and that can ultimately bring down the company in the long run.
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