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

BUSINESS STRATEGY - Essay Example

Comments (0)
Summary
Business strategy is a complex web of thoughts and ideas, influenced by experience, motivated by goals, looking at places from different perspectives, which provided guidance for specific action. To start a new set up, to expand, or to go multinational, any business would have…
Download full paper
GRAB THE BEST PAPER
BUSINESS STRATEGY
Read TextPreview

Extract of sample
BUSINESS STRATEGY

Download file to see previous pages... The SWOT analysis indicates how the firm can use these forces for sustainable competitive advantage. The five forces are the entry of competitors, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, and rivalry amongst the current players in the field.
New entrants have to consider government rules and regulations, although most of the times they enjoy certain benefits like tax holiday for a specified period. The SWOT analysis of these five forces help them to identify the capital investment and the whether the costs would justify the right amount of turnover. Brand extension strategy keeps the marketing costs low and the chances of success are high. Vodafone, the UK based mobile phone company decided to enter the US market, they made a very strategic move. To keep the market penetration cost low, they acquired the US firm AirTouch at an investment of £112bn. They had studied the bargaining powers of the buyers. Acquisition of an existing firm immediately gave them all the customers without having to make a fresh start. The market penetration period reduces and prevents in the number of competitors in the market. Entry barriers like government licenses are also overcome.
While these five forces help in studying the competition, buyers, suppliers and the general market trend, it has limitations. Porter’s five forces model does not indicate whether an industry could be attractive because certain companies are in it. Besides, the environment changes very rapidly and it may not be possible to change the strategy as fast by using the five forces model. Most importantly, by using this model, one may concentrate on an existing market but a new market may have better prospects.
The Value Chain framework of Michael Porter is a model that helps to analyze specific activities through which firms can create value and ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Strategy
It therefore represents the best attempt that the management can make at de?ning and securing the future of that business” (Oxford University Press, n.d., p.1). Each of the businesses should have their own business strategies to survive the competition and compete over its competitors.
12 Pages(3000 words)Essay
Business Strategy
For example, globalization has produced revolutionary changes in the domestic and cross border business activities. The importance of business processing and customer processing has been understood by the organizations more than ever under the current globalized business environment.
8 Pages(2000 words)Essay
Business Strategy
A well thought about and precisely considered business strategy gives guidance to a firm’s commercial success, but on the other hand, one that has not be fully understood and weak strategy is likely to result into a company’s demise or fall. (Kourdi, 2009 p3) A business should always have the right resources and the capability to be in the best position to exploit opportunities and to respond to the threats in a business environment.
7 Pages(1750 words)Essay
Business strategy
The case study highlights the operation of Honda in the Japanese market; hence a thorough analysis of the external business environment of Japan in the context of Automobile industry will be carried out. Political Factors: - Japan is a constitutional monarchy and follows a parliamentary government (Cubbage and Brooks, 2012).
4 Pages(1000 words)Essay
Business Strategy
It is the second largest public university with a dynamic academic community consisting of more than 8000 staffs, 30000 students and more than 300, 000 lakh graduates (“About”). The university has been one of the major players in providing qualitative education in United Kingdom.
14 Pages(3500 words)Essay
Business strategy
Founded in 1996, Entropy International was a pioneer in the field of Environmental and information management. It was the first company to provide a web-based portal for compliance, performance, information and risk management. Its seamless integration
10 Pages(2500 words)Essay
Business Strategy
Keeping our business rival close is the strategy that Sharpe considers in doing so we ensure communication with the barley and be sure not to leak our business secrets to our competitors. When communicating with the
2 Pages(500 words)Essay
Business Strategy
The strength of the value chain supports the strategy of the company. For example, the market ratio of the company is considerable stronger than the competitors. Examining the total
1 Pages(250 words)Essay
Business strategy
In July 2014, Anglo American consented to offer its stake to Lafarge, to help Lafarge in its merger with Holcim and alleviate rivalry concerns. Lafarge declared in February 2015 that the business would be sold out to CRH plc, once Anglo American had sold its
6 Pages(1500 words)Essay
Business strategy
The study says that Mulberry aims to operate in two sectors the design business and the retail business (Robinson, Sherwood and DePaolo, 2010). The retail business deals with the sale of
16 Pages(4000 words)Essay
Let us find you another Essay on topic BUSINESS STRATEGY 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