Effective Management A of Competition Culture and Control

Effective Management A of Competition Culture and Control

The Tata Business Excellence Model is an example of an effective organizational control system. Corporate culture is the collective behavior of the individuals in an organization who work towards common corporate goals. The Toyota Way proves how the right corporate culture can strengthen the competitive edge of an organization.The formulation of an effective strategy for an organization or business requires a thorough understanding of its competition. One of the goals of efficient management in formulating an appropriate strategy is to protect the organization from the forces of competition on the one hand and to overcome competition and help the organization maintain its position in the industry on the other. A deep understanding of the different sources of competition that an organization faces can help the management in gauging the relative status of the organization in the industry, its relative strengths and weaknesses, and the changing trends in the industry. The Five Forces Model developed by Michael E. Porter helps managers study the business environment by analyzing the five forces of the market, namely, “the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, the rivalry among existing players, and the threat of substitute products” (Analyzing the business environment 2005).The management of an organization also deals with issues that affect its short-term success and its long-term survival by coordinating and integrating its activities through various management control systems (Fundamentals of management control 2008, p 10). The different management controls can be categorized based on the object of control, the extent of formalization of control (formal and informal), and the time of implementation of control. Based on the object of control, management controls can be divided mainly into three, namely, action controls, results controls, and personnel/cultural control.

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