StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Strategic Management and Strategic Competitiveness - Essay Example

Cite this document
Summary
The firm serves as one of the major transporters in the North American Railroad Industry. The company boasts of railroad links in 23 states and over 150 years of operation. It primarily…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
Strategic Management and Strategic Competitiveness
Read Text Preview

Extract of sample "Strategic Management and Strategic Competitiveness"

Download file to see previous pages

Through the years, the company’s evolution is a vivid example of corporate sustainability. Globalization allows the creation of links, both physical and virtual, among several locations in the world. Technology serves as a tool that facilitates the process of globalization. Union Pacific’s early years enjoyed significantly fewer technological processes in comparison to today’s technologically driven world. Furthermore, rapid globalization occurred in the 20th century and reached its peak in the current century.

The company income as of December 2012 stood at $ 3.9 billion (Form 10-K, 2012). This is an all-time high during the several decades of existence. The company’s large revenue directly relates with the forces of globalization and technology advancement. Particularly, the interconnectivity of the firm through mobile communication and the internet facilitates the creation of a link between the US based railroad company with Canada and Mexico. The railroad currently serves in connecting the United States with these countries.

The company employs an advanced Information Technology System that primarily controls all transportation operations through the establishment of a communication link. The fast establishment of communication between the company and the customers facilitate faster systems of service delivery. Moreover, the application of technology creates an efficient transportation control system. Globalization facilitates the exchange of goods among different areas of the world. Therefore, the area served by the railroad received larger volumes of produce from other areas in comparison to the period before globalization.

The regions also export several products to other regions. Railroad transport through Union Pacific acts as a primary link during this operation. The age of globalization and technology serves in enhancing the importance of Union Pacific Corporation. The industrial organization approach views the firm’s external

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Management and Strategic Competitiveness Essay - 12”, n.d.)
Retrieved from https://studentshare.org/business/1652255-strategic-management-and-strategic-competitiveness
(Strategic Management and Strategic Competitiveness Essay - 12)
https://studentshare.org/business/1652255-strategic-management-and-strategic-competitiveness.
“Strategic Management and Strategic Competitiveness Essay - 12”, n.d. https://studentshare.org/business/1652255-strategic-management-and-strategic-competitiveness.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategic Management and Strategic Competitiveness

Business Policy and Strategic Management

strategic management.... strategic management: competitiveness and globalization: concepts and cases.... Essentials of strategic management.... Introduction Southwest Airlines hold a prestigious name in the airline industry, not because of its profitability and culture, but because of the initiatives and strategies which it applied in creating a competitive edge over its rivals....
2 Pages (500 words) Research Paper

Critical review from an Business Strategy Article

Informed by the principle of competitiveness, the strategy of core competencies works on the basis of building a portfolio of competencies, at the expense of a portfolio of businesses, meaning that attaining competiveness for a business organization is no longer about building a chain of related business within an industry, through diversification, but analyzing the specific areas a business can have a competitive advantage, and then capitalizing on that area to build on the competitiveness (Prahalad & Hamel, 81)....
4 Pages (1000 words) Essay

Port Management

The need for awareness about the sources and the advantages is very much important by competent authorities for this development. Understanding sources of sustained competitive advantage for firms has become a major area of research in the field of strategic management.... hellip; Many of the countries are preparing the strategic plans for developing the old port.... The need of strategic plan is on towering demand for maintaining a sustain competition for the benefit of port....
5 Pages (1250 words) Assignment

Porters Perspective on Strategic Positioning

Organizational competitiveness is not... Porter's dissatisfaction with the management that focuses on operational effectiveness rather than strategic positioning is represented in figure 1.... 62) attributes lack of sustainable profitability in an organization to the inability of management to differentiate between strategy and operational effectiveness.... Under such circumstances, the tools for management such as benchmarking, outsourcing, and total quality management among others usually displace strategy, which lowers the chances of improving organizational performance through strategy....
8 Pages (2000 words) Essay

Strategy in the World Package Delivery Business

References Chapter 2: Operations Strategy and competitiveness.... In this regard, UPS could plan to opening small branches in strategic locations to enable faster and more reliable services in areas where both FedEx and DHL operates.... Essentials of contemporary management....
1 Pages (250 words) Essay

Business-Level Strategy

must have flexible structure of production, quality management and networks that will see to the manufacture of top quality products as the strategy stipulates (Hitt, Ireland & Hoskisson 115-123).... In strategic management: Concepts and Cases: Competitiveness and Globalization.... trategic management: An Integrated Approach....
1 Pages (250 words) Case Study

Strategic Analysis Assessment of Microsoft Nokia

Based on the issues in or related to telecommunications industry, the paper evaluates the processes within the ompany, illustrating the advantages and disadvantages, and the ways to address or mitigate the deficiencies so as to understand strategic management in-depth.... strategic analysis and other associated factors that a telecommunications enterprise undertakes can determine the evolution of one telecommunications enterprise and the demise of another.... The selection of the relevant analytical process as well as understanding their… To establish this fact, this paper focuses on the processes of strategic Microsoft Nokia as one of the telecommunications enterprise....
12 Pages (3000 words) Essay
sponsored ads
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.
Contact Us