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

The Competitive Business Environment - Case Study Example

Comments (0) Cite this document
Summary
The case study "The Competitive Business Environment" presents strategic planning as a process of management that aims at creating an alignment between the organization’s objectives with the market opportunities. It involves the utilization of organization resources…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
The Competitive Business Environment
Read TextPreview

Extract of sample "The Competitive Business Environment"

Download file to see previous pages Zara Company possesses about 1770 stores that are distributed in about 86 countries, and it produces about 450 million items a year. The company aspires to expand its market command, and improve their marketing communications. They also want to expand their online advertising to allow for access to a larger market that is beneficial to the organization. To achieve these objectives, Zara requires formulating the most formidable strategies in their business practices. Therefore, the business planning strategies are important for the growth of the Zara stores, and the achievement of their objectives.
The business planning strategy that this company is employing is very vital to its growth. It ensures that the company utilizes its resources in an optimum manner. Every business organization aims at minimizing costs and maximizing output. Zara Company is able to come up with better investment decisions that are creative and optimal. Therefore, with strategic planning, they are able to invest in areas that have high business potential. Planning also assists the future preparations of Zara Company. It projects the future, and devices the way of shaping this future in alignment with the company objectives. This can be achieved through influencing the business environment factors towards the business expectations (Simerson, 2011 pg. 17). The company can, therefore, anticipate the trends that enable it to acquire the benefits of effective decision-making. Strategic planning also gives a competitive advantage to Zara Company over the other competitors in the clothing industry. Since the clothing and accessories industry experiences a great dynamism in trade, it is a mandate for Zara Company to be highly competitive. Therefore, strategic planning is a vital venture that potentiates the existence of Zara Company in this environment (Esty & Winston, 2009 pg. 07). Zara Company is experiencing a huge competition in the field of fashion and design. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Competitive Business Environment Case Study, n.d.)
The Competitive Business Environment Case Study. Retrieved from https://studentshare.org/management/1650335-strategy-business-planning-report
(The Competitive Business Environment Case Study)
The Competitive Business Environment Case Study. https://studentshare.org/management/1650335-strategy-business-planning-report.
“The Competitive Business Environment Case Study”, n.d. https://studentshare.org/management/1650335-strategy-business-planning-report.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Competitive Business Environment

The Competitive Environment

...? THE COMPETITIVE ENVIRONMENT (Google's Monopoly) by: ID Number S-C-P Model Presented of the University School Location Estimated Word Count: 1,681 Due on: May 07, 2012 Introduction The Internet is truly a transformational technology that affects everyone on the planet today. People now do things differently, from shopping to banking to dating to socializing and it has also changed how businesses are being run and managed. The Internet came out of the World Wide Web but this term is rarely used nowadays and it has almost become arcane to younger generations of Internet users. Going back further in time, it was a United States government-funded research project some sixty years ago called...
4 Pages(1000 words)Essay

Competitive Environment Questions

...? Competitive Environment questions a) Identify and describe the possible ‘barriers to entry’, faced by firms wishing to enter a new market’. In today’s world of competitive business Barriers to entry are generally factors which allow a firm in earning positive profits as a result of which the other firms present in that particular market find it unprofitable for entering into the market. As for example in an area there is an established Information Technology (IT) company which provides a huge service to the customers in that area and has earned a huge goodwill in that market. This means that the company is a dominant player in that market and posses the price mechanism...
5 Pages(1250 words)Essay

Research & Analysis Study of Balfour Beatty plc Business and Competitive Environment

...Research & Analysis Study of Balfour Beatty plc Business and Competitive Environment Balfour Beatty with 4,938 million total revenues and 134m profits in 2005 and having 27,592 employees in over 20 principal countries is leading provider of construction, rail engineering and investments to international markets. Balfour Beatty draws a major part of its revenues from building and maintaining large-scale public infrastructure and private sector assets. They offer a unique range and depth of expertise in key markets to customers. Balfour Beatty's Business Segments Balfour Beatty's Building Management Services division, with revenues of 1,787m and 10,913 employees,...
9 Pages(2250 words)Essay

Competitive Environment

...Swarnambika S Academia Research Competitive Environment July 15, 2007 Competitive Environment The competitive environment consists of the number ofcompetitors a company faces, the relative size of competitors, and the degree of interdependence within the industry. The marketing department of a company has little control over the competitive environment confronting it. In this paper, we would be discussing about the competitive environment of Toyota covering economic, marketing and external strategy elements of the environment and the interrelationships...
15 Pages(3750 words)Case Study

Ethics as an un-necessary consideration to be successful in a competitive business environment

... of the of the Ethics This paper is intended to critically analyze that to be successful in a competitive business environment, ethics is an un-necessary consideration. Companies are bound by legal parameters. Many of the Philosophers do not care about the purpose of ethics for business in society. Some of them give the way that the basic reason for the establishment of a business is to earn maximum returns for the owner, in case of publicly traded concern, for shareholders. Under these views, one can say that only those practices that produce more profit should be encouraged. Many of them has this believe that companies who have this attitude that profit maximization is important than anything else have more chance to survive... down....
8 Pages(2000 words)Essay

Competitive Business Environment

... The business world is changing at a very fast pace which is forcing companies to restructure their operations and make changes to transform the company into streamlined efficient entities that have adapted to survive in the competitive business environment of the 21st century. Change has been a part of the business environment for centuries and the employees as well as the owners have always been able to adapt to the new challenges that are part of the evolving process of maintaining organization going to meet society’s goals. In the past industries such as the agriculture and manufacturing industry have been radically changed by the new world order and technological advantages. Developed countries realized that emerging nations... ...
8 Pages(2000 words)Essay

Competitive Business Environment

...Introduction The fast changing socio economic dynamics have created a fiercely competitive business environment. In the rapidly changing environment of globalization, change is essential for development and organizations tend to adapt to the constantly evolving business environment. “Organizations must change because their environments change” (Bateman, 1990). They implement necessary changes in the organization to not only survive but compete with their rival with confidence. Changing environment of technological advancement has made it imperative for one to evolve new marketing strategy in order to maintain an edge over their rivals. The changing business strategies to cope with the fast transforming socio-economical paradigms... cascaded...
4 Pages(1000 words)Term Paper

Competitive Environment

...Aide Memoire for UK Domestic Gas and Electri Markets of the of the Aide Memoire SCP Model =standing of industry sector = structure, conduct and performance of the firms that comprise it at a given point. Structure determinants= Number of Competing Firms; Homogeneity of Products, Cost of Entry and Exit. Conduct= strategies firm implements to gain competitive advantage over rivals. Performance= performance of individual firm + performance of economy (Creative Advantage Website, 2012, 1). Gas industry in Britain = imperfect competition. Market dominated by few large firms and smattering of local and regional entities. Bulk of supply lines/ consumers connected with British Gas or Transco- dominating both...
1 Pages(250 words)Essay

Business in a Competitive Environment -technology

...to make the invented technology successful in the market. For instance, when consumers or markets are faced with the decision to select a technology among many available technologies, the consumers will find it necessary to base their decision on several innovative aspects such as the technology that gives a richer user experience, is easily accessible, has evolving capabilities, is secure, and best serves the need of the business, among other aspects. The direction of technological innovation is a major determinant of the technology that gets preference in a market. Technological innovation can either be sustaining or disruptive. Sustaining innovations are those that seek to improve an already existing technology in...
4 Pages(1000 words)Article

Competitive Environment/Position of Aditya Birla Group at the Business and Corporate Levels

.... This was the stage when the company identified its capabilities, which resulted in various business opportunities in these sectors. Presently, the company has emerged as a leading player being recognised as one of the largest companies in Asia. Notably, the company has identified its capabilities in palm oil refinery due to which it has been able to adapt to the changing business environment, obtaining distinctive resources (Aditya Birla Group, 2013). Sustained Competitive Advantage Theory This theory is based upon the assumption that a company, in order to achieve a competitive advantage, must develop its resources that are based upon four...
13 Pages(3250 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 Case Study on topic The Competitive Business Environment for FREE!

Contact Us