We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Business strategy - Essay Example

Comments (0) Cite this document
Strategic management Name Institutional affiliation Tutor Date Strategic management Honda’s competitive advantage is due to its ability to produce quality products at a reasonable price. This statement can be correctly explained by the success story behind the launch and operation of Honda motor company…
Download full paperFile format: .doc, available for editing
Polish This Essay98.4% of users find it useful
Business strategy
Read TextPreview

Extract of sample
"Business strategy"

Download file to see previous pages This can be attributed to its marketing strategies which are mainly aimed at satisfaction of consumers. In the global business culture and environment, there exists a very wide range of competition. Competition mainly involves between organisations with related activities and producing related commodities. According to Grant (2005) another form of competition is the fight to gain financial superiority. In the matter of financial superiority and growth, all forms of organisations are ranked under the same scale. Under this evaluation, organisations and companies seek to gain a competitive advantage. Gaining competitive advantage in the global market is not an easy task. To gain competitive advantage globally requires an impression and satisfaction of the global consumer needs and wants (Porter, 2004). Over the years, the battle of competitive advantage has seen great improvements of produced goods. Additionally, innovation levels have also increased significantly. However, as much there is a rise in the number of companies in the global market, there are companies which have established their brand in the market. Humans find it difficult replace their current commodity preferences if they are satisfied. This gives an advantage to companies which have stayed in the market for a long time. ...
Additionally, strategic decisions also play a vital role in gaining the competitive advantage. The strategic decision making is aimed at putting the organisation in a long term competitive decision making. This involves a consideration of the all factors affecting the operations and activities of the organisation (Porter, 2004). According to Lynch (2009), factors should include both environmental factors: both internal and external factors. Internal factors comprise of adoption of new technology, human resource development and the advancement of the improvement of managerial activities. External factors comprise political, legal, technological and sociological factors. A consideration of all environmental factors is the best strategy in gaining a competitive advantage in the market. Most important of all is the evaluation of the company’s target market preferences. Preferences may include the change in taste, price, accessibility and technological preferences. With the consumers being satisfied, the organisation may then focus on how to keep them satisfied (Grant, 2005). Taking Honda into perspective, it has covered its consumer’s needs and requirements. Honda Motor Company has established itself as one of the most successful business empires in the world. It is also an exhibit of a successful business competitive strategy. In an argument presented by Honda the Power of Dreams (2010), Honda has presented researchers and students with the best research tool. Many researchers and business students use Honda as they research option due to its development and success. The growth of the Honda Motor Company is attributed to the company’s urge to fulfil and satisfy the motor market wants and preferences. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business strategy Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/business/1396918-business-strategy
(Business Strategy Essay Example | Topics and Well Written Essays - 2500 Words)
“Business Strategy Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/business/1396918-business-strategy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Business Strategy
It therefore represents the best attempt that the management can make at de?ning and securing the future of that business” (Oxford University Press, n.d., p.1). Each of the businesses should have their own business strategies to survive the competition and compete over its competitors.
12 Pages(3000 words)Essay
Business Strategy
For example, globalization has produced revolutionary changes in the domestic and cross border business activities. The importance of business processing and customer processing has been understood by the organizations more than ever under the current globalized business environment.
8 Pages(2000 words)Essay
Business Strategy
A well thought about and precisely considered business strategy gives guidance to a firm’s commercial success, but on the other hand, one that has not be fully understood and weak strategy is likely to result into a company’s demise or fall. (Kourdi, 2009 p3) A business should always have the right resources and the capability to be in the best position to exploit opportunities and to respond to the threats in a business environment.
7 Pages(1750 words)Essay
Business Strategy
It is the second largest public university with a dynamic academic community consisting of more than 8000 staffs, 30000 students and more than 300, 000 lakh graduates (“About”). The university has been one of the major players in providing qualitative education in United Kingdom.
14 Pages(3500 words)Essay
The internal and external, the micro and macro-environment of a firm need to be assessed. It is like a SWOT analysis of the environment.
4 Pages(1000 words)Essay
Business strategy
Founded in 1996, Entropy International was a pioneer in the field of Environmental and information management. It was the first company to provide a web-based portal for compliance, performance, information and risk management. Its seamless integration
10 Pages(2500 words)Essay
Business Strategy
Keeping our business rival close is the strategy that Sharpe considers in doing so we ensure communication with the barley and be sure not to leak our business secrets to our competitors. When communicating with the
2 Pages(500 words)Essay
Business Strategy
The strength of the value chain supports the strategy of the company. For example, the market ratio of the company is considerable stronger than the competitors. Examining the total
1 Pages(250 words)Essay
Business strategy
In July 2014, Anglo American consented to offer its stake to Lafarge, to help Lafarge in its merger with Holcim and alleviate rivalry concerns. Lafarge declared in February 2015 that the business would be sold out to CRH plc, once Anglo American had sold its
6 Pages(1500 words)Essay
Business strategy
The study says that Mulberry aims to operate in two sectors the design business and the retail business (Robinson, Sherwood and DePaolo, 2010). The retail business deals with the sale of
16 Pages(4000 words)Essay
Let us find you another Essay on topic Business strategy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us