The Existences of Strategic Blocs in the Global Industry of Semiconductors - Coursework Example

1. Problem Statement For any business, organization or company to thrive well in this global competitive world, the management must come up with strategies to ensure it is well equipped for the global competitive platform (Hannagan, 67). The formation of the strategies by a firm and especially in the production of semi-conductors is faced by some challenges due to competition caused by high rate of technology growth. The challenge most firms faces include the similarities in their linkages strategies and the strategic capabilities of each firm. This has brought so much pressure on the management to develop competitive strategies for their companies for the purpose of global competition. The study is attempting to show in the global industry of semiconductors the existences of strategic blocs. 2. Introduction According to Peter (122), many managers have assumed that the only requirement needed by a manager to be able to create an efficient and effective strategy for any business rendering services is the 4Ps. This kind of assumption is not right because of the fact that the use of the 4Ps is not sufficient to come up with the best strategy for marketing the products. The managers should also consider the needs of the customers. This means that there should be a research carried out in the vicinity where the business will be set to be able to establish what the customers need. The need depends on the gap that other managers have not filled. In other words, the managers must be in a position to give the consumers what they have not been given. The manager should also be able to look at the corporate vision (Mullins, 50). This means that the corporate leader must have a definite vision to where the business is heading. The marketing department then must be able to look at the vision closely and decide what marketing objectives to set to achieve the corporate vision. This is very important to ensure that all the activities that are being carried out by the marketing department are fully supported by the employees in the other department like the manufacturing. If the marketing department follows that vision of the corporation then it means they will be able to not only fulfill the objectives of the corporation but also the needs of the customers as they set their goals. The marketing objectives must also be formulated depending on the financial objectives of the organization. The world is very dynamic especially in terms of technological innovation (Mullins, 90). This brings about the aspect of competition of which a company cannot create a platform to stand against the wave of competition may be wiped out. The global semiconductor is an industry experiencing changes in technology and especially in this contemporary world. 3. Review of Literature Competition refers to the process of disequilibrating the processes in the market for the firms to be able to take advantage of the resources in terms of market share and segmentation for the purposes of financial performances (Erica, 177). There are impacts of the competition on the technology of e-book reader software in the last five year. There has been a drastic organizational growth in terms of market share. Through this kind of technology many people have has an opportunity to access reading materials easily hence their preference meaning it is widely preferred. It has also enabled the company to reach very quickly to the return on the potential of investment. This is because of the fact that many people have embraced the new technology and so the sales are great hence profitability. It has also led to some changes in terms of global reach. This whereby, the new technology had led the company to open its doors for employees all over the world trained to use the technology as well as due to the fact that it has been involved in opening of new branches in many parts of the world. Due to competition, the company is continuously coming up with innovations as far as the new technology is concerned to ensure that it has a great ability to reach out globally (Erica, 133). It is the aspect of competition that motivates different firms to be involved in innovation to increase the productivity according to the neoclassical theory. The use of all possible knowledge of production in the area of competition, by doing that the firm is able to maximize its profit irrespective its market structure. The issue of competitiveness is defined by the extent to which the company has gained power over the market. According to competitive theory, the following are the five environmental factors, which influence competition due to technological changes: public decisions on policies consumer behaviors competitor supplier’s actions The societal resources from where the firm draws and institutions in the society. The entrepreneur is said to exploit opportunities in the market, which brings about the aspect of competition (Mullins, 78). In such a situation, if the competing firms discovers they are at an inferior level as far as competition is concerned which leads to their disadvantages in competition then they are motivated by the need for superiority to neutralize the superior firm through the process of innovation and resource acquisition. They do that through resource imitation or investing in some more superior resources. The meaning of superior resources is the investment of the resources, which are far much better than superior firms in existence in terms of value and technology to increase its competitiveness. 4. Methodology This section involves the real planning of the research. This is whereby all the methods of data collection are identifies, the design of the research is also determined, the sample size is calculated, and the population under study is defined, methods of data analysis are also given and finally the study limitations and ethical considerations are given. The main aim of the research or its priority is to develop a detailed discussion that will provide conditions that are favorable to the research process and results in efficient and effective research design or strategy. Another aim of research methodology is coming up with the appropriate research process accompanied by the appropriate tools and procedures that will ensure that the entire process is successful. Some of the factors that this chapter will discuss are the research sample, the target population, research methodology, research design statistical test and data collection. The samples that have been used were selected from the organizations. The study is a cross sectional descriptive study. It will utilize both the qualitative and quantitative analysis techniques. The population under study includes employees and managers. The sample of the research shall be obtained through a random selection. The research will involve 20. After identification of the appropriate sample from the organizations, data shall be collected using two main methods. There shall be administration of the questionnaires. This is whereby the some set up questions shall be given to the managers, customers and employees under study to fill up. Then also, an interview shall be carried out mainly to them. Data shall be analyzed using a statistical tool known as statistical package for social studies. Then the results shall be presented using a range of presentation tools specifically the tables. This use of statistical package for social studies is the best option for the data analysis because it is a very much accurate method, it is very first in the analysis of the data, and it easily leads to the desired results. 5. Analysis The semiconductor industry deals majorly with the technology of producing semi-conductors. This is very advantageous to the organization in the sense that their products have been purchased widely without fear because they have also developed some variety of choices that the consumers can choose from. The other very advantage is the fact that the products can be purchased online meaning that the companies have an advantage of selling the products anywhere in the whole world. The companies will be able to produce products of very high quality and unique hence has gained the advantage of a great market share. It has been recorded that the technology used in their manufacture is the most superior as compared to any other existing technology hence has enabled the companies to self-market their products (Thompson & Martin, 100). The market will also experience the following five organizational advantages due to the innovation of this new technology. It will bring a great deal of returns on the investments made to initially come up with the technology. The resources used in terms of finances will be recovered very quickly due to the great sales and the profit the company that embraces the strategy will gain. In addition, the company will gain new and many employees in the process. It will also increase its competitive advantage as compared to other companies; one of the ways this will be achieved is because it has hardware, which can support many applications. The company will also provide a great deal of convenience to the customers in the sense that it has provided them with many ways they can use the technology and also due to the fact that it give them an opportunity to purchase the products online (Thompson & Martin, 188). This means that it is convenient for them to acquire the products very easily. It has also met the demands of the suppliers and customers by having many outlets for supplying the products to the customers. This will enable the products to be quickly distributed to the customers and without any delay hence an advantage no only to the customers but also to the suppliers since they are bale to efficiently and effectively meet their objectives and goals. The companies in the industry will also face a number of challenges. The first challenge is the hustle to enlighten people about the availability and usage of the new technology. This means use of so many resources both human resource and the finances. In addition, the purchases of the machinery used to produce the new technological gadgets demanded so much finance. Time is another challenge the company has faced. It has also been a challenge for the company to acquire very experienced employees who are well conversant with the technology and at some point; it was forced to train them, which were costly (Salder & Craig, 108). This is because it will take time for the company to advertise and make known to the world about the technology. Conclusion The future for the technologies is very bright. This is because the rate through which people are embracing the technology is very high. The universities in the world are encouraging the research work to be done on the evolving technologies in the industry of semiconductors. This means that there is a great use of the technology by the students in the whole world for their research work (Hannagan, 200). I highly believe that these technologies will be used continuously by the organization both the business and even education because of its efficiency and effectively. This will also enable the technologies to expand to other areas since all industries are interconnected. The organization advantage that will impact the industry is the issue of competitive advantage because other companies in the industry will work hard to innovate better ways of technologies hence the industry will grow. References Erica, Osteen. Strategic planning for Dummies. Amazon: Cambridge university press, 2006. Hannagan, Michael. Management concepts and practice. England: Prentice hall, 2005. Mullins, Laurie. Management and Organizational Behaviour. New York: FT Prentice Hall, 2005. Peter, Fredrick. The practice of management. New York: John Wiley & sons, 2007. Salder, Peter & Craig, John. Strategic management (2nd Ed.).London: Kogan Page Publishers, 2003. Thompson, John& Martin, Ford. Strategic management: awareness and change, 5th Ed. California: Cengage Learning EMEA, 2005.   Read More