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

How the sector matrix framework is useful for analyzing demand and supply in an industry - Essay Example

Comments (0) Cite this document
Summary
How the sector matrix framework is useful for analyzing demand and supply in an industry?
Development of strategies and systems is important because the systems basically develop into the company structure and forms dynamism in its sectors…
Download full paperFile format: .doc, available for editing
Polish This Essay97.6% of users find it useful
How the sector matrix framework is useful for analyzing demand and supply in an industry
Read TextPreview

Extract of sample
"How the sector matrix framework is useful for analyzing demand and supply in an industry"

Download file to see previous pages A strategic management system is one that maintains good follow up on matters in the firm over time. It is important that management strategies be consistent and systematic (Ansoff 1979).
According to Porter (1985), a firm’s competitive advantage is achieved by quality development of differentiation and leadership in the chain of that firm. Porter classifies these chain activities into two groups; the primary and the support activities. Primary activities are activities such as marketing and sales, inbound-outbound logistics, and service. Inbound logistics receive actual raw material during the beginning of the production process. Operations comprises of physical activities of processing raw materials.
Outbound logistics involve storage of produced goods while marketing and sales refers to the actual and physical processes of sale of goods and marketing. Services relate to activities that follow after sale to customers. Support activities include technology advancement, firm infrastructure and management of human resource. Primary systems are aided by firm infrastructure which consists of the company’s culture and its systems of control. The human resource management engages in activities like hiring, firing and training staff. Technology advancement factors are useful support to activities during work process and procurement such as purchasing and obtaining material. Primary activities are those activities directly and physically involved in the production process while support activities comprises of those processes indirectly and not physically involved in production and sale of products created. Furthermore, Porter argued that support activity provides an anchor on specific primary activities while firm infrastructure support the entire line as a whole. Sector matrix is a long known phenomenon. Since organization of production processes was challenged, it has been a topic of debate. The challenges began after Porter. When observations made by scholars of management like Geffen came up with the commodity value chains. Value chains are further argued against the sector matrix Froud et al (1998). Maiden arguments made concern overall effect of a single factor such as firm infrastructure on the cause of competitive advantage. It is argued that competitive advantage is an aspect of many activities incorporated together to gain the firm a general step ahead. This argument led to value adding effect of more than one activity being achieved in production, marketing and delivery of products. Sector matrix system is developed especially for complex management structures. Though a popular system that is established effectively in many organizations, the matrix has its limitations. Sector matrix is a system of management with a number of managers in different departments who report to one overall manager. The strategy is excellent in some large firms. It is however yet to be adopted by other companies that follow trend and wish to use it. Sector matrix framework has been an issue of trying and making mistakes. It has created such downfalls and rising cycles for companies trying to incorporate it for the very first time. Sector matrix in general is only efficient in the long run. Some of the challenges faced by organizations with or trying to adopt the matrix include; decision process complications. These could be lengthy since major decisions have to involve departments while it could just be ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“How the sector matrix framework is useful for analyzing demand and Essay”, n.d.)
Retrieved from https://studentshare.org/management/1470040-how-the-sector-matrix-framework-is-useful-for-analyzing-demand-and-supply-in-an-industry
(How the Sector Matrix Framework Is Useful for Analyzing Demand and Essay)
https://studentshare.org/management/1470040-how-the-sector-matrix-framework-is-useful-for-analyzing-demand-and-supply-in-an-industry.
“How the Sector Matrix Framework Is Useful for Analyzing Demand and Essay”, n.d. https://studentshare.org/management/1470040-how-the-sector-matrix-framework-is-useful-for-analyzing-demand-and-supply-in-an-industry.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Sector Matrix Analysis
The conclusion from this review states that sector matrix analysis is one of the frameworks that are useful in analyzing the demand and the supply linkages. To maintain the return on capital, most of the organizations usually struggle to reduce the cost of manufacturing process and to enhance the cost recovering technique.
8 Pages(2000 words)Essay
Supply and Demand: how They Determine Commodities' Prices
Firstly, it is going to cement the argument, which is usually the fact, that the fundamental thing that determines the price of a commodity is that commodity’s supply as well as demand by stating the laws of demand and supply. The law of supply says that if the price of a commodity rises so will the quantity supplied of the same commodity.
4 Pages(1000 words)Essay
Sector Matrix Framework
Organization aims to achieve consumer satisfaction along with their primary goal i.e. profitability. This is the reason for development of various frameworks in recent years to analyze the product market and companies competitive advantages. The development of various frameworks for analyzing demand and supply linkage haven given rise to debate about which one of them is more appropriate.
8 Pages(2000 words)Essay
How equilibrium occurs using the aggregate supply (AS) and aggregate demand (AD) framework
The aggregate demand curve reflects price levels for goods and services produced domestically and which consumers, government, foreigners and businesses are willing to purchase. It slopes downwards to the right with the decrease in price levels with the increase in demand.
14 Pages(3500 words)Essay
Strategic Management
The ‘sector matrix’ framework for analyzing demand and supply linkages in the automotive industry 7 3a. Global automotive industry – overview 7 3b. Analysis of demand and supply in the automotive industry using the ‘sector matrix’ framework 10 4.
8 Pages(2000 words)Essay
Demand & Supply
Ceterus paribus is an omnibus assumption and holds all other factors which might influence consumer's demand as constant for the purpose of analysis. These factors may include income of the consumer, tastes of the consumer, impact of fashion and style, peculiar consumer characteristics like miserliness, scarcity of good and other choice patterns in consumer behaviour.Under these assumptions the price and quantity demanded are shown as inversely related and the graphical representation of consumer data in this scenario results in a downward sloping demand curve.
2 Pages(500 words)Essay
Using an extended example critically examine whether the sector matrix framework gives a better strategic understanding of product markets than the concepts o
The sector matrix is a critical aspect to assist the management business model style in accessing the particular skills. Thus, the designed functional organizational
8 Pages(2000 words)Essay
Demand & Supply
Experts are of the opinion that in order to bring sustainability in the market it is important for the builders to build quality homes so that the demand is adequately met by the builders. The lack of
5 Pages(1250 words)Essay
Supply and Demand in the steel industry
This paper will critically analyze the demand and supply in the global steel industry and will discuss the market factors such as excess capacity the affected the sustainability of the sector in relation to the interaction between supply and demand in
5 Pages(1250 words)Essay
Supply and Demand in the Global Automotive Industry
As the report discusses the industry has a huge revenue base that one of the world’s most significant economic segments. The industry is largely dependent on the progress of new technology in the world. As markets in the different regions of the world mature, they long for the competitive advantage more and more.
10 Pages(2500 words)Essay
Let us find you another Essay on topic How the sector matrix framework is useful for analyzing demand and supply in an industry for FREE!
Contact us:
+16312120006
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