Nobody downloaded yet

Strategic management plan - Global Operations Mangement - Essay Example

Comments (0) Cite this document
Global Operations Management –Case Study Analysis Introduction World auto parts industry is expanding and U.S. and China appear to be the two major economies in this industry. More and more auto parts manufacturers are planning to expand to international markets…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Strategic management plan - Global Operations Mangement
Read TextPreview

Extract of sample
"Strategic management plan - Global Operations Mangement"

Download file to see previous pages Following is the PEST analysis of China. Political According to Chen Bin, head of industrial coordination at the National Development and Reform Commission (NDRC), motivated by healthy profits and economic benefits brought by auto parts industry, government of China is making efforts to open new factories and expand capacity (Schmitt, 2010). Chinese government encourages foreign investment however, to protect domestic industry, strict policies have been imposed such as NDRC issued a policy on 15 August 2009, which states that one foreign company cannot set up more than two joint ventures of same nature unless it merges with a domestic manufacturer and with no more than 50 percent shares (Murphy, 2010). Economics China auto spare market is expected to achieve 35 percent annual growth rate and in 2010, the auto parts exports of China will reach to 40 billion U.S. dollars (Anonym, 2008). China has combated the recent financial crisis very strongly and even Americans are declaring this century as the “Chinese Century” (Associated Press, 2009). Chinese economy is facing a strong economic growth and the current Gross Domestic Product (GDP) of China is $4.985 trillion (World Bank, 2010). Social The huge difference in Chinese business culture as compared to other economies is a major obstacle for foreign companies (Runckel & Associates, 2006). The spending power of consumers in China is increasing and the average per capita national income in 2008 was $3000 and if it continues to increase at 8 percent, the per capita income will reach to $8500 by 2020 (Economy Watch). Westernization is also increasing in China which shows the changing living patterns of Chinese consumers. Technological The current expansion and investment plans exercised by China auto industry has aim to increase production capacity for 31.24 million units by end of 2015 (Schmitt, 2010). Competition China auto parts industry is increasing because of a number of foreign companies in China. The strategies of government to protect the domestic companies are further strengthening the position of domestic companies, thereby, further boosting the competition (Yahoo, 2010). The following figure shows the structure of the Chinese auto part industry. It is interesting to note that by 2009 most of the companies are private owned. Moreover, the proportion of sales revenues of foreign companies is the highest which shows the demand of parts from foreign companies. Figure: Chinese Auto Parts Companies Source: Zhonghong, 2010 Internal Resource Analysis Based on the information given in the scenario, I have identified following strengths and weaknesses of the company. Strengths The company is holding 5 percent of the world market shares which shows a significant visibility of company in the international market The profit margin of the company is equal to the industry average which shows the financial stability of company PPQ Parts has developed significant corporate social responsibility activities which help the companies to establish an image of socially responsible organization Weaknesses The average employee turnover of the company is 28 percent which is greater than the industry average which is 25 percent. It means that company is facing problems in satisfying its employees and retaining skilled labor. Short-term and long-term ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategic management plan - Global Operations Mangement Essay”, n.d.)
Retrieved de
(Strategic Management Plan - Global Operations Mangement Essay)
“Strategic Management Plan - Global Operations Mangement Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Global Operations Management
Similarly, the components of the supply chain in the context of attaining the corporate goals of a company must be evaluated while considering the factors of strengths and weaknesses. Therefore, this paper aims at discussing the background of Coca Cola Company in terms of its supply management and satisfying the requirements of customers (Buckley, 2003).
4 Pages(1000 words)Essay
Strategic Management: Competitors Of Organizations
Strategic management is considered as a systematic analysis of all those factors associated with the customers of a particular company and all those competitors of a particular organization. The primary objective of strategic management is to reach the broad objectives of business that mainly comprises of strategic priorities and corporate policies.
10 Pages(2500 words)Essay
Handling Strategic Management for Global Operations
This is the reason why many traditional organizations take the option in changing the way they approach the business world in attaining their goals of gaining profit. Among the corporations usually changing their systems are publishing business corporations.
11 Pages(2750 words)Essay
Strategic Operations Management
An operations strategy developed therefore will not strait -jacket operations and prevent it from responding to such changes and adapting itself to changing needs. New business opportunities may emerge that may require a quick response from the operations management.
9 Pages(2250 words)Essay
Strategic Mangement
Therefore, this paper seeks to critically analyse the performance of one firm called Yellow Tail with regards to the emerging factors that are mainly external and how they have impacted on its
6 Pages(1500 words)Essay
This essay is an attempt to discuss and shed some light over the corporate objectives, marketing strategy, process choice, infrastructure and ways by which Tesco qualifies and wins orders in the market, with
4 Pages(1000 words)Essay
Strategic Global Operations
of entry mode is critical to the success of the firm because the market service method impacts the costs, quality, speed and flexibility of the product/service. Selecting the right mode of entry the first time is vital because wrong choices can lead to lost market potential,
16 Pages(4000 words)Essay
Global operations management
At the same time, employee turnover is significantly higher than the industry average, suggesting a need for improving the human resources system currently in place. This report
4 Pages(1000 words)Essay
Global Operations Management
Precision Parts based in Wagga Wagga, has grown rapidly and currently dominates the market of Australia with a total market share of 85%. In the past five years the company had 125 people, who were engaged in making three
5 Pages(1250 words)Essay
Value proposition & Social innovation
Without being able to put yourself in the shoes of your customers in an effort to understand the tastes, the preferences, and the need of customers’, it is virtually impossible
2 Pages(500 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.
Let us find you another Essay on topic Strategic management plan - Global Operations Mangement for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us