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Lakesha London

MBA 5101

Strategic Management and Business Policy

Columbia Southern University

The corporation’s life cycle is a significant issue that is faced by any corporation. Corporation implements a corporation life cycle it will help the business to grow and develop in many different areas of the company. The stages of the of corporation life cycles have five steps which are Birth, Growth, Maturity, Decline, and Death. Although there are five stages, not all business will go through the stages. Managerial and product innovation can extend a corporation their life cycle. By Developing new combinations of existing products or introduce new products, changing product packaging, and identifying new markets.

Nestle has displayed this change Such as adding new features to old products, changing labels, and add new products to the food and beverage market. Nestle has also acquired new business popularity to keep the company establish for more years to come. Nestle is in the Growth Stage why it is, Nestlé, believe long-term value which creates growth and operating efficiency. They invest selectively in high-growth categories and geographies. Nestle has a strong portfolio, with profitable growth platforms and leading market positions in many types.

Strategy implementation is a process that accomplishes strategic objectives and goals in business. Strategy implementation provides different options and plan that the business will follow to for the business to grow and be success in many different areas. It also displays a chart that will help the business growth and values, set performance goals and other things. Although many companies develop a strategic plan, they do not always implement the plan as they should. The questions must strategy makers consider beginning the implementation process should be it is very important to assess the strategy-culture compatibility when implementing a new strategy in any company. Culture is very important today, when consider culture it is the originator that

the strategy follows. Culture are done first when developing a business, it also promotes tactics, when Strategies are done at a later stage.

Nestle; they have an unusual strategy in place, which makes them the food and beverages business in the world and the best business in the world to work. The reason is their diverse culture, nestle has the best culture being set up, which helps them set up real strategies and remarkable work culture within the company. Nestle employees and the company itself praising how the company culture and policies in place. Their culture environment is primary on their values in respects for self, others, for diversity and the future.

Nestle support a flexible work environment, safety and health are leading principles, they aim is to achieve zero work-related injuries and illnesses. Nestle also Dual careers are increasingly becoming the family working norm. Nestle Strategies are created at higher levels, they have three levels of strategies which are. ‘Learn’ is about helping people enhance their health knowledge to lead healthier and happier lives. ‘Feel’ is about providing accessible information that allows employees to take ownership of their health. While ‘Choose’ refers to the way we help people develop and maintain a healthy lifestyle.

Six Sigma is a methodology that was founded on quality, measures, and performance to reduce variation and defects and to provide measurable financial results. Business should want to implement Six Sigma because It will benefit from the program which will help companies to achieve the best business performance using cost reductions, quality improvement and it will make the business perform at the maximum possible effect. The Six Sigma will also offer a different business level of performance belts that train in the field of six-sigma. Nestle has used

Six- Sigma to train their staff in Lean and Six Sigma doctrines to manage their business standards and management practices.

References:

Crough, C. (2012). Lean Six Sigma value - industry ready for it? Concrete Products, 115(3), 6-8. Retrieved