Strategic Essay On Thales Group's Management In France, UK, And Australia.

About Thales Group

Discuss about the Technological Collaboration in Product Innovation.

The strategic management that is being taken by the organizations helps in determining the decisions that are being undertaken by the organizations in order to bring in improvements in the functioning and the structure of the same in the market.  The major aspects of the change that is being undertaken by the organizations are based on the objective of sustaining in the different and competitive market situations (Onyeji, Bazilian  and Bronk  2014). The strategies that are undertaken by the organizations are based on their requirement of adhering to the objectives of the organization to bring in the change in the structure and the functioning of the business in the markets. The major aspects of the change are based on the understanding of the situation of the organization and the different trends that is affecting the preferences of the consumers. It is also based on the advancements in the technology that the organization is required to undertake strategic decisions in order to sustain themselves in the market.

The major purpose of the report is to understand the strategic decisions that are being taken by Thales in order to sustain themselves in the competitive market. On the other hand, it also helps in determining the chief success factors of the organization while operating in three different nations.

The Thales Group is a French multinational corporation that designs electrical systems as per the needs of the consumers in the international markets. The group also extends out its services to the development of the aerospace, defense and the transportation companies throughout the world (Thalesgroup 2018). The company retained its headquarters in La Défense, which is considered as the business district located at Paris (Thalesgroup 2018). The company is partially owned by the French government and operates in around 56 countries of the world. According to a survey undertaken in the year 2016, the revenue of the company was around €14.885 billion (Thalesgroup 2018). The operating income of the company is estimated to be €1.354 billion and the net income being €946 million (Thalesgroup 2018). It has helped in the understanding of the growth of the organization in the international markets through the activities that are undertaken by the same. The expansion of the business is also portrayed through the enumeration of the number of employees that are involved in the processes that are being undertaken by the organization.

The strategy that the organization might undertake in order to attract the best talents to the cyber-security divisions of the organization is being enumerated in this section of the report. It will helps in the understanding of the different perspectives of the change in the structure and eth functioning of the business in  order to retain and recruit the skilled workforce.

The determination of the prospects of the field of action and the job roles helps in making the candidates aware of the importance of the job role. The major aspects of the strategy is based on making the candidates aware of the progress and the growth of their career while working in the cyber security division of the organization.

Market Presence of Thales Group

The increased remuneration for the job role will be helping the organization to attract the attention of the potential candidates and thereby retain the skilled workforce, which will be helping the organization to undertake the smooth functioning of the business as per the needs of the market (Wu  2012).

The issue of the patents will be helping the organization to attract the attention of the eligible candidates and providing them with the opportunity of practicing their expertise in the systems. The technological innovations that are being undertaken by the organization are supported through the enthusiasm of the candidates and the skill of the same. Therefore, the company might take steps to develop the different criteria in order to facilitate the functioning of the skilled workforce and their retention in the organization.

The strategic relationships that the organization undertakes help them in promoting their products in the different nations. The company designs equipments and tools for defense and the international security. Therefore, the strategic relationship that the company holds with the other companies located in the different regions has helped the company in its growth through the support in the technological factors and the providence of the raw materials.

Thales acquired GUAVUS, which was regarded to be a pioneer of the Big Data Analytic has helped the organization in developing the technologies that are undertaken by the organization (Binz, Truffer  and Coenen  2014). The proper understanding of the change that is being undertaken by the organization is based on the technological advancement, which has helped in the development of the organization in the market.

On the other hand, the major shareholder of the company is French State has helped in undertaking the progress in the systems and the functioning of the business in the markets. The shareholder provides funds for the growth of the organization’s projects, which helps in maintaining the different aspects of the change in the structure and the functioning of the organization in the market.

Conclusion

Therefore, from the above analysis it can be stated that the identification of the different aspects of the strategies that are implemented by Thales in order to improve and sustain their market positioning. The report enumerates the PESTEL, which clearly portrays the functioning of the organization in Australia, UK and France. It has helped in determining the hindrances that the organization is facing while operating in the international markets. On the other hand, the enumeration of the advantages and the disadvantages of the Bendigo help in determining the changes that are required to be undertaken by the organization.

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