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

Corporate strategy and business objectives (Michael Porter) - Case Study Example

Comments (0) Cite this document
Summary
All the issues raised by the CFO Sharon Leis, VP of marketing and sales Pat Perry and COO Michael Shed were directly related to operational…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Corporate strategy and business objectives (Michael Porter)
Read TextPreview

Extract of sample "Corporate strategy and business objectives (Michael Porter)"

Download file to see previous pages An elimination process enables us to confirm that MDCM falls into the Efficient, Predictable Operators quadrant. To begin with, we are informed that MDCM did neither research and design (R&D) nor marketing. A company that is focused on using differentiation as its competitive strategy would typically be actively engaged in R&D. Secondly, the medical device manufacturing industry is not one defined by a relatively high rate of change partly due to the nature of its market and partly due to the high cost of medical devices.
The first overall strategic goal of MDCM is to bring down the company’s cost structure (more information would be required before we can specify by what percentage). From the case we are informed that MDCM had the worst operating and profit margins and also that its high internal costs did not allow it to price competitively against smaller, more efficient rivals (Jeffery and Norton 3). The CFO, Sharon Leis, confirm this where she states that MDCM had the least efficient cost structures in the industry. In spite of its high cost structure we are informed that MDCM continued to excel in customer satisfaction (Jeffery and Norton 3).
The second strategic goal of this company is reduce the time it takes for different business functions to access updated, relevant information in 24 hours or less. When gather from the case that it takes too long for both CFO and marketing and sales staff to get the information they need. CFO Sharon Leis laments that it takes her 45 days whereas the VP of marketing and sales Pat Perry complains that it takes his staff a week to get the relevant information. This means that it takes too long before the organization devises a plan to tackle whatever threat or opportunity that may arise.
The CEO Max McMullen realized that both of these overall strategic goals will depend a lot on the IT infrastructure and systems of the organization. For this purpose McMullen hired a CIO to ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate strategy and business objectives (Michael Porter) Case Study”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1585836-corporate-strategy-and-business-objectives-michael-porter
(Corporate Strategy and Business Objectives (Michael Porter) Case Study)
https://studentshare.org/miscellaneous/1585836-corporate-strategy-and-business-objectives-michael-porter.
“Corporate Strategy and Business Objectives (Michael Porter) Case Study”, n.d. https://studentshare.org/miscellaneous/1585836-corporate-strategy-and-business-objectives-michael-porter.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate strategy and business objectives (Michael Porter)

Corporate Strategy

...Analysis of and Evaluation of Business strategies (the Toyota industry) Introduction Development of a propermarketing strategy for a company is a crucial step to an organization. Any market should adopt the changing market strategy based on its financial capability and adaptability. It helps the company to reach new customers, new market potentials, and new market orders too. A company may use a current product to penetrate in the market, improve an existing product, or make it meet current demands. The most recommended strategies and that have been adopted by the top achieving companies are; intensive, integration, and diversification...
12 Pages(3000 words)Essay

Corporate Strategy

...?Running Head: Analysis of Corporate Strategy of Bank of America on Merger with Merrill Lynch Are Bank of America and Merrill Lynch Good for Each Other? [Name of the Writer] [Name of the Institution] [Name of the Professor] [Course]                    Are Bank of America and Merrill Lynch Good for Each Other?       In the year 2008, it was seen that Bank of America which was valued at $50 billion planned to acquire Merrill Lynch. The acquisition would possibly mark the end of one of the biggest names of finance in the American world. On the other hand, it would be the creation of the biggest bank of the nation. The announcement of the merger led to a fall in the stock price of Bank of America, while an increase in the stock price... would...
1 Pages(250 words)Essay

How to Win in a World of Relentless Change

...organization and they are responsible for the strategic planning and inventors. In regard to the above discussed strategic management approaches managers are required to make decisions in order to ensure that they adopt appropriate and suitable approach (Leibold 2007). Therefore managers need to take into consideration various factors in regard to this selection (Nijssen 2000). The chosen perspective needs needs to be a business strategy that in conformity with the nature of the business operations. Effective managers will ensure that they engage the underlying determining factors to ensure that the strategy is in conformity with the business or the...
7 Pages(1750 words)Case Study

Michael Kors Business Strategy and Policy

...and fashion industry, Michael Kors Company has remained a world celebrated designer. This paper seeks to discuss the business strategy and policy of Michael Kors Company with respect to Porters Five Forces Analysis, in terms of ease of entry, rivalry, supplier power, buyer power, and available substitutes. In the analysis of Michael Kors’s business strategy in the fashion industry through the Porters Five Forces Model, we will consider the following competitive forces of the company: Threat of entry by emerging or new competitors Intensity of rivalry among the competitors Pressure from...
6 Pages(1500 words)Essay

Michael Porter 6 Forces

...of their lives. Though the industry is wide and has vast and offers vast products and services, the overall outcome is the same because they impact the daily lives of the customer. For instance, while the internet and computer makes lives easier, the phone simplifies communications and electronics like Televisions informs and entertains. However, the industry faces its own challenges as portrayed by Michael porter’s six forces analysis, which means that prior to the effects incurred by companies, the consumer is affected both positively and negatively. Though porter warns that these forces might change overtime, the vast fields and corporate in the general technology...
4 Pages(1000 words)Research Paper

Dynamic Firm the Role of Technology

...Chelladurai. P., VLBJCAS, 3rd November 2006 Question Porter's essentially a historical approach cannot provide a full account of either a nation's competitive advantage and corporate strategies or the growth and development of industrial clusters.' Discuss, with reference to other theories and evidence that might assist such an account. Porter's ideas became more and more subject of critique under the impression of the developing Internet economy during the last decade. Critics point out that economic conditions have changed fundamentally since that time. The rise of the Internet and of various e-business applications has strongly influenced nearly all...
8 Pages(2000 words)Assignment

The Five Forces by Michael Porter

...Background The Five Forces by Michael Porter provides a realistic evaluation of prospective stages of profits, opportunity and risk of a company inan industry (Abell, 1999). The model of Porter is according to the framework of corporate strategy and the threats in the company's external environment. The model gives emphasis on the competitive strategy that an organization implements in accordance to their understanding of the structures in the industry and the changes they undergo (Bakos, 1998). Porter's has initiated the five forces that formed each industry and each market. This model distinguished the strength of...
10 Pages(2500 words)Essay

Corporate Strategy

...as operating distribution facilities at locations across the U.S. (PVH Annual Reports, 2008). In regards to the sourcing operations of the firm, according to the Corporate Social Responsibility report, PVH has implemented a ‘Global Human Rights and Social Responsibility Program’ which indicates that the standards for price, quality and logistics are kept on par with the human rights consideration (PVH CSR, 2008). What this means is that the firm self-identifies a global operator and all stakeholders are equally responsible to the firm’s code of conduct. Why PVH is a global firm is important because of the implications is has for the firms strategy. According to the 2008 financial reports more than 30%...
1 Pages(250 words)Essay

Corporate strategy

...Corporate Strategy Table of Contents Introduction 3 Product and Services of Cookson 4 Geographic Scope 7 Critical External Analysis of Cookson Group with Appropriate Models 8 PESTLE Analysis 10 Porter’s Five Forces Analysis 12 Critical Internal Analysis of Cookson Group with Appropriate Models 13 SWOT Analysis 13 Stakeholder Analysis 14 Conclusion 15 References 16 Bibliography 18 Introduction Corporate Strategy is described as a direction by which an organization obtains its predetermined objectives in order to attain business success in the long-run. The creation of corporate strategies...
10 Pages(2500 words)Essay

Corporate Strategy

...of Dyson Private Ltd. are taken at the top management level. In order to evaluate the strategic options available for the business, the following are the findings based on the P.E.S.T analysis (Political, Economical, Social and technological) (Pamela, 2004). Political: To begin with the political strategies and conditions impacting the long term corporate strategic vision of Dyson Limited Company, either getting a loan for business expansion such as opening a new factory or raising fund has been made difficult for Dyson Co. This is due to the sanctions on large companies to pay progressive interest on loan this sanction has made loan less reliable and hence forced Dyson...
10 Pages(2500 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 Corporate strategy and business objectives (Michael Porter) for FREE!

Contact Us