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

A Capstone Experience (Crafting a Strategy to fit the Business 2) - Assignment Example

Comments (0) Cite this document
Summary
The business model is the structure that a company, will create and deliver the products to the customers, and intern collect revenue to earn the firm profits. The models differ from one…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
A Capstone Experience (Crafting a Strategy to fit the Business 2)
Read TextPreview

Extract of sample "A Capstone Experience (Crafting a Strategy to fit the Business 2)"

CRAFTING A STRATEGY TO FIT THE BUSINESS The success of a business enterprise would depend on the business model and the strategy. The business model is the structure that a company, will create and deliver the products to the customers, and intern collect revenue to earn the firm profits. The models differ from one firm to the other depending on the values and customers that each deals wit. The business strategy is the methods that the firms would put into practise to achieve the stated missions and objectives. The strategies would depend on how the firm would choose to deal with the available opportunities in the market. In creating a competitive advantage, a firm should develop ways of outshining the competing rival in the market. A weak strategy is one that could be different from the others, but can be accessed easily by other competitors (Kourdi 2003).
It is difficult for the success of the company to come from one with a strong business model and a corresponding weak strategy. The companys strategy is meant to create a competitive advantage for the firm in the market place. It should act in the interest of the company to implement the requirements of the business model. A weak strategy would not meet the demands of the firm in the market, as it would be similar with the competitors, thus doing little good for the benefit of the firm (McGrath 2013).
In conclusion, even with a strong business model, a weak strategy could lead to the fall of the firm. With a different product in the market, a firm could have a competitive advantage and outshine the other competitors. However, the success would not be possible with a weak strategy. The business model is the machinery part that strives to achieve the objectives of the business strategy. Thus, the weak strategy would undermine the working of the business model. A strong business model would work hand in hand with a strong strategy.
References
International Institute for Sustainable Development. (1994). Business strategy for sustainable development: Leadership and accountability for the 90s. Darby, PA: Diane Publishing Co.
Kourdi, J. (2003). Business Strategy: A Guide to Effective Decision-making. London: Economist Books.
McGrath, R. G. (2013). The end of competitive advantage: How to keep your strategy moving as fast as your business. Boston, Massachusetts: Harvard Business Review Press. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A Capstone Experience (Crafting a Strategy to fit the Business 2) Assignment”, n.d.)
A Capstone Experience (Crafting a Strategy to fit the Business 2) Assignment. Retrieved from https://studentshare.org/management/1651620-a-capstone-experience-crafting-a-strategy-to-fit-the-business-2
(A Capstone Experience (Crafting a Strategy to Fit the Business 2) Assignment)
A Capstone Experience (Crafting a Strategy to Fit the Business 2) Assignment. https://studentshare.org/management/1651620-a-capstone-experience-crafting-a-strategy-to-fit-the-business-2.
“A Capstone Experience (Crafting a Strategy to Fit the Business 2) Assignment”, n.d. https://studentshare.org/management/1651620-a-capstone-experience-crafting-a-strategy-to-fit-the-business-2.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF A Capstone Experience (Crafting a Strategy to fit the Business 2)

Strategic Fit between HR Strategy and Business

...?Running head: Strategic Fit between HR Strategy and Business. Strategic Fit between HR Strategy and Business. Insert Insert Grade InsertTutor’s Name 24 February 2012 Strategic Fit between HR Strategy and Business. Introduction Strategic fit express the extent with which a company matches its capabilities and resources with regards to opportunities available in the external environment. Organizations are able to match their capabilities and resources through a particular strategy, and it is therefore important that the every organization is able to access...
5 Pages(1250 words)Essay

Crafting and Executing Strategy

...? Crafting and Executing Strategy A strategic plan is very vital in operations of businesses. Mission and vision ments help a business to design appropriate strategic plan. This paper will develop an argument in support of the importance of the strategic plan. Mission and vision statements will be created and a clear articulation of their contribution to company’s success. Introduction It is argued that strategic planning is a roadmap that leads businesses into a specified destination, which sees the realization of their strategic goals (Goodstein, Nolan & Pfeiffer, 1993). In other words, strategic planning is a tool that defines the routes that...
5 Pages(1250 words)Research Paper

Crafting and Executing Strategy

...for basic decisions essential in shaping and guiding the organization’s development and operations. A successful and effective organization plan addresses not only the organization’s actions and activities, but also it helps in the identification of determinants for its success. As defined, a business’s strategic plan is a comprehensive collection and evaluation of organization’s operations and processes used to systematically align and coordinate actions and resources with vision strategies and company’s mission over a specified planning period (Allison and Judy, 2005). The Importance of A Strategic Plan An effective strategic plan will help the Kinko printing company to reinforce its activities in...
5 Pages(1250 words)Essay

Crafting and Executing Strategy

...if it is successful in accomplishing its mission. The vision statement of my hotel is “We will be recognized by our superior hospitality services, selectively franchising and flawless management. Introducing newness in our every assistance will also provide the platform for our goodwill.” There is a simple link between the concepts of vision statement, mission statement and strategic planning. Without the focal point brought by the vision and mission statements, planning new strategies and stance in order to give direction to the company will not be helpful as there is no central idea and the business could get lost in heading to the goals. These statements can prevent the firm from drifting away from...
4 Pages(1000 words)Assignment

Crafting and Executing Strategy

...? Crafting And Executing Strategy [Pick the Importance of Strategic Planning for the Business The now known multinational Apple Incorporation was earlier known as Apple Computer Incorporation. For more than two decades, the company was known for producing computers, which included Apple II, Macintosh and Power Mac lines (Dermol, 2012). These products were not however pulling up the company to the required level and the company was evenly facing rocky sales and low market share, especially during the 1990’s. The high level management of Company badly realized the attacks the company was suffering (CIP, 2003). The new CEO of the company formulated a strategic plan as per the need of the...
5 Pages(1250 words)Essay

Crafting and Executing Strategy

...Business and Industry Profile The discussion is prepared from the perspective of a business proprietor for York Trans Rove that operates in the transport sector, dealing with the provision of car rental and taxi business in New York City. From the position taken, the proprietor is also the main strategy formulating and executing strategic plan on behalf of the business. The specific scope of the business targeted by the business is the provision of public and private transport to the middle and higher end segments of the market, which also includes a segment handled by other lower end players in form of buses and trains...
4 Pages(1000 words)Essay

Capstone Experience (Supply Chain) 2

...Supply Chain: Wikipedia Affiliation Wikipedia Wikipedia is an example of a service where the target is an integral part of the supply chain. Wikipedia is a multilingual free online encyclopedia that contains a variety of information on virtually all topics (BBC, 2012). Wikipedia gets most of the information it has from the target customers. The target customers voluntarily contribute information.Wikipedia allows for editing by the target customers However, it has guidelines that are enforced to ensure that the customers who edit the content upload good information (BBC, 2012). This is done by checking for bias, sourcing, and flagging. In most of the cases the targeted editors who are allowed to put information on to Wikipedia... Chain:...
1 Pages(250 words)Assignment

Capstone Experience (Business Metrics) 2

...Capstone experience (Business Metrics) 2 Capstone experience (Business Metrics) 2 Three examples of key performance indicators andtheir measures that are forward-looking and more predictive The On time delivery indicator assists the business unit in predicting stock-out, as well as line-down situations. The calculation is done by comparing on-hand inventory against the demand and deliveries expected. This helps the organization to anticipate whether they have enough supplies for the manufacturing lines, as well as customers. The gross operating profit per available room serves as another...
1 Pages(250 words)Assignment

Capstone Experience (Strategy and Alignment) 1

...’ complaints, the process of resolving these issues would be delayed and would cause dissatisfaction. In the current process, whenever there are customers who complain, the issue is elevated to the supervisor or manager for the needed decision. Can you find any structural misalignments using the RAEW tool? The structural misalignment using the RAEW tool is responsibility without authority (Strategy and Alignment, 2014). As emphasized in the RAEW tool, the “technique is intended to clarify to people the part they play in performing a specific business function within the enterprise” (YouSigma, 2008, p. 1). Thus, it identified the role and responsibilities of the customer service representative and those...
1 Pages(250 words)Assignment

Capstone experience

.... This was fun and immensely insightful and I would characterize it as one of the class’ highlights, which I am sure most of my classmates would agree. Moreover, the experience gained in creating an e-portfolio was enjoyable and it has given me a precious link to the business world as I continue in my preparation to be interviewed by prospective employers who may wish to hire me at their firm. Probably my most enjoyable part of the Capstone class was the part on mock interviews. The main reason for this is that, due to these interviews, I now have additional insight into how to compose myself and get what I want out of my job search. As part of the mock interviews, on requirement was to...
7 Pages(1750 words)Coursework
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 Assignment on topic A Capstone Experience (Crafting a Strategy to fit the Business 2) for FREE!

Contact Us