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

Implementing Strategies for Developing their Businesses - Essay Example

Comments (0) Cite this document
Summary
Implementing strategies for developing their businesses Contents Contents 2 Factors for Devising Strategies for Business Expansion of Firms 3 Perfect Competition and Business Strategies 3 Emergence of Strategic Interaction 4 References 6 Factors for Devising Strategies for Business Expansion of Firms The firms operating in today’s business economy needs to go for continuous expansion to help develop their competitive potential…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Implementing Strategies for Developing their Businesses
Read TextPreview

Extract of sample "Implementing Strategies for Developing their Businesses"

Implementing strategies for developing their businesses Contents Contents 2 Factors for Devising Strategies for Business Expansion of Firms 3 Perfect Competition and Business Strategies 3 Emergence of Strategic Interaction 4 References 6 Factors for Devising Strategies for Business Expansion of Firms The firms operating in today’s business economy needs to go for continuous expansion to help develop their competitive potential. In the course of developing its business both across national and international borders the companies need to conduct certain strategic activities. The firm in regards to developing their business or idea needs to largely market or promote their products or services. In the course of this strategic direction the company needs to adequately devise marketing and promotional strategies keeping in mind the geographic and cultural factors pertaining to the different regions. Similarly in relation to marketing and promotional activities the firms need to adequately communicate with the social entities to obtain their views in regards to their business activities. Thus herein the firm also needs to work on effective communication strategies to develop their markets. In regards to marketing strategies the firms need to form market research teams that would help provide adequate information to the companies about the new markets where they would develop their business. Thus it is found that companies in order to effectively gain knowledge of the new market area and to create a separate brand identity amidst existing concerns needs to devise effective strategies. Similarly the firm needs to draw a large pool of finances to help achieve the above activities. Thus the firm needs to effectively plan to develop its financial resources to assist its business venture in gaining new markets (Burger, 2004, p.67; Sloman and Hinde, 2007, p.9). Perfect Competition and Business Strategies The situation of perfect competition reflects that there are large number of both buyers and sellers in an economy. Existence of both large numbers sellers and buyers happens to create very lesser space for individual firms or entities to solely manipulate or cause changes in the economic system. In such hypothetical situations the firms containing in an industry fail to render suitable impacts on each other for gaining market expansion. Large number of companies present in the different industries tends to cover up the areas in such mode as in leaving no area left for other businesses to develop. Thus a single company belonging to one industry fails to render any significant strategic changes in such perfectly competitive markets or render any type of manipulation to gain control of newer market areas. Thus in total a perfectly competitive market increasingly delimits the case of devising of business strategies by a firm to gain control of newer markets and thereby cause rapid business expansion in such territories. The firms contained in an industry existing in a perfectly competitive economy are observed to be quite weak in making any strategic moves to gain control of newer markets. Further the buying and selling population in a perfectly competitive market are also held to gain large amount of information pertaining to products and services produced and as well as business policies. This makes the transaction environment too smooth and henceforth does not require any type of business strategy to help in making business gains (McCraw, 2007, p.253). Emergence of Strategic Interaction The case of perfect competition reflected above thus shows no such need for companies to take onto strategies for developing their businesses or expanding their markets. However the case of perfect competition gets disturbed owing to the emergence of situations like monopoly or oligopoly where sellers continually diminish to become single or little in number. Similarly the case for monopolistic competition also arises wherein there are sellers concentrating on the sales of different type of products. These situations lead to the emergence of imperfection in the economy which was once characterised as perfect. In this case of imperfection the business enterprises in order to gain both financial and managerial gains start devising on some strategies. These strategies help the business corporations to devise some innovative plans and processes to gain hold of new target markets. In cases of perfect competition it is found that the business corporations tend to lose their individual fervour and are mainly guided by market forces while tending to devise business policies. Thus they fail to adversely compete against each other. However in regards to imperfect competition the case earns a stark contrast. In such situation the companies are not governed by any market forces. Rather these companies are required to devise strategies which would help them offer innovated products or services to the larger market. Thus this imperfection in turn tends to create a need in the business companies to devise business strategies to conquer larger market areas (Jeurissen, 2007, p.98). References Burger, F. (2004). Church Management Basics. iUniverse. McCraw, T. (2007). Prophet of innovation: Joseph Schumpeter and creative destruction. Harvard University Press. Jeurissen, R. (2007). Ethics & Business. Uitgeverij Van Gorcum. Sloman, J., and Hinde, K. (2007). Economics for Business. Prentice Hall. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Implementing Strategies for Developing their Businesses Essay”, n.d.)
Implementing Strategies for Developing their Businesses Essay. Retrieved from https://studentshare.org/macro-microeconomics/1440106-implementing-strategies-for-developing-their
(Implementing Strategies for Developing Their Businesses Essay)
Implementing Strategies for Developing Their Businesses Essay. https://studentshare.org/macro-microeconomics/1440106-implementing-strategies-for-developing-their.
“Implementing Strategies for Developing Their Businesses Essay”, n.d. https://studentshare.org/macro-microeconomics/1440106-implementing-strategies-for-developing-their.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Implementing Strategies for Developing their Businesses

Marketing Communictions Strategies of the Col Drinks in the UK

Unfortunаtely for smаll soft drink compаnies such аs the Double- Colа Co., the prize of less thаn one percent mаrket shаre is won only by fighting а dаily bаttle for survivаl, especiаlly аgаinst industry giаnts Cocа- Colа аnd Pepsi- Colа.

The following investigаtion is а cаse study of the successes аnd fаilures of one smаll compаny in the soft drink wаrs. It is а testаment to the meаning of brаnds аnd the lengths thаt loyаl consumers go to keep Double- Colа аs their fаvorite beverаge. Аnd it is аn evаluаtion of how аdequаtely the current regulаtory environment serves the needs of these consumers аs well аs Double-Colаs owners аnd bottlers. It аddresses criticisms thаt the regulаtory environment permits аn uneven plаying...
19 Pages(4750 words)Case Study

The Causes of Plagiarism and Strategies to Prevent It in a University Environment

There is another aspect of practicing plagiarism, which has been discussed by Edward M. White. He has seen the problem of plagiarism from a different angle in his “opinion” article in Chronicle of Higher Education, “Student Plagiarism as an Institutional and Social Issue”. He has raised the issue of “Research Assistance” provided by advertisers, “Thousand of papers in stock, available for any course”, pointing to the problem of not only graded students papers going out of the office for resurfacing in future but the immoral practice of taking outside sources help to complete the assignments, which, according to the writer, needs to be fixed. This trend of plagiarism has degraded lear...
12 Pages(3000 words)Report

Can E-Commerce and Alleviate Poverty in the Developing World

On the other hand, this research is rather indicative of the first trends characterized by the expansion of e-commerce globally. E-commerce has become today the main ‘tool’ for the development of business activities even for companies that were traditionally related to specific regions or companies that have rejected primarily the e-commerce as a ‘tool’ for the increase of their performance. On the other hand, it should be admitted that the USA is the country where is e-commerce has been chosen as a primary tool of the trade for business activities. Other countries around the world are also participating actively in the use of e-commerce as a valuable entrepreneurial strategic tool. It should be noticed how...
15 Pages(3750 words)Assignment

Evaluation of the Course: Teaching and Learning Strategies

I will begin my evaluation with the objectives of the course, discuss a theory that is relevant to learning styles to see how it fits with the course and then provide my conclusions about how this course meets the objectives of the course.

 I am assuming that the Teaching and Learning Strategies class was created for students at the college level who were going into some form of teaching or training.

To evaluate this course it is a good idea to start from the beginning and look at the objectives. As I was looking for references in this process, I found a website that had tips for designing instruction that I felt would offer me a structure to work within. According to "Instructional Design," the instruct...
7 Pages(1750 words)Term Paper

Developing Professional Practice Portfolio

I work in a very busy outpatient department that includes many different clinic settings.  Most recently, the oral surgery, maxillo-facial surgery, and plastic surgery departments have become part of our directorate as a result of reorganization with in the trust. Although I have always considered myself to be a competent, confident professional, I found working in this reorganized department very stressful. The unit seemed to be very poorly organized with staff shortages and inadequate facilities. I was most surprised to discover that there were no documented records for patient wound care services provided in the clinic. I found this latter situation to be unacceptable from a professional standpoint. Some of the patients in...
6 Pages(1500 words)Essay

Marketing Strategies of Apple i-Phone

‘Apple Inc’ is an American multinational corporation designing and manufacturing consumer electronics including computers, notebooks mobile phones, and software products. The company’s best-known hardware products include the iPhone, iPod and very recently launched 3G Apple iPhone.

iPhone became one of the most discussed new technology products, surpassing the wider coverage of other very well-known mobile phones that have been playing the best roles in the market. When Apple CEO Steve Jobs stood on the stage at the Macworld Expo in San Francisco and announced “We’re going to make some history together; Today Apple is going to reinvent the phone” (Jobs 2007), it could really influence...
8 Pages(2000 words)Case Study

Developing a Research Base for Intravenous Peripheral Cannula Resites

...Context of the Paper To begin with, the of the paper is very much apt for the content. Although the could have come up with a more direct title, the title “Developing a Research base for Intravenous Peripheral cannula re-sites. A randomized controlled trial” captures the essence of the paper and what the authors aim to address. They, however, could have made it more direct to the point by maybe saying that the study is about a comparison between 3 day cannula re-sites and cannula re-sites as dictated by clinical condition. Nonetheless, the chosen t title is suitable enough to briefly inform the reader of the topic of the research. Two hypotheses were tested in this paper. There are two groups that were compared in the paper... of the Paper ...
6 Pages(1500 words)Case Study

Epidemiology of Avian Influenza, and Pandemic Preparedness Strategies

The Asian Flu claimed 70,000 people’s lives in 1957. The Hong Kong Flu in 1968 killed 34, 000 people (Howard, 2007). These previous occurrences have made world and community leaders as well as the public fearful of a threat of a pandemic. The Avian flu virus is a type A influenza virus. Type A influenza viruses can be found in humans, birds, and other mammals. It is the only type of influenza virus that has caused pandemics as evidenced by history (Beigel, 2008).

Only four known strains of avian influenza viruses have been found to affect humans among them H5N1, H7N3, H7N7, and H9N2. Among the four, H5N1 is the most highly pathogenic. It is the greatest source of alarm due to two primary reasons. The first reason...
7 Pages(1750 words)Report

The Benefits of Implementing EUC Environment

An automated computer control system that is used to run the invoicing process, and especially one that is available, can offer a company so much into realizing its goal and objectives and act as a highway through which growth and expansion could be realized without investing much in terms of money and time. Most benefits have to do with gaining the customers’ confidence and winning their loyalty to the IT clean services company.
To the users, the invoicing system offers cost-effectiveness as a crucial advantage, among others. To begin with, such a system saves the customers on time and money needed to travel to the company to request and pay for a service that has been offered. This process has been done initially in a...
6 Pages(1500 words)Term Paper

Developing of the Central African Republic

CAR is known to be one of the poorest nations in the African continent, apart from its frequent dependence on international donations in terms of food, clothing and medicinal supplies, CAR has also been a war zone for decades. The essay will relay more information on the various plights that children born in the Central African Republic go through while growing up.
Apart from most of the children being orphaned at a tender age due to maternal related problems or diseases such as HIV/AIDS, which is rampant in the nation, most of these children are victims of child trafficking, which is big business in the CAR (Lindborg). Lots of children from as little as 4 years normally go missing without a trace and the fact that the govern...
7 Pages(1750 words)Term Paper
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 Implementing Strategies for Developing their Businesses for FREE!

Contact Us