Development of Business Strategies Essay

Development of Business Strategies Essay

Length: 3088 words (8.8 double-spaced pages)

Rating: Research Papers

Open Document

Essay Preview

The paper below responds to the following three prompts:

1. “The six forces model of strategy helps firms develop externally coherent business strategies”. Discuss applying the model to real cases.

2. Explain strategic posture and how it helps firms make strategy in uncertain business environments.

3. Evaluate the role of mergers and acquisitions in corporate strategy.




1. “The six forces model of strategy helps firms develop externally coherent business strategies”. Discuss applying the model to real cases.

The six forces model is an extension to Michael Porter's Five Forces Model. The six forces analyze different areas in an industry. The forces in this model are:
a. Competition- Analysis that if there are a lot of competitors. If so, are there any dominant players in the market.
b. New entrants- To analyze if it is easy for new entrants to enter the market and compete?
c. End users/buyers- Is the price easily affected by the buyers? Can the company work with a specific potential buyer? or to analyze their strength of their position in their relationship with the buyers
d. Suppliers- Study the number of suppliers if it is a monopoly and if not, how many suppliers are there in the market.
e. Substitutes- To study how easily a product can be substituted and how easily these substitutes are available
f. Complementary products- Effect of complementary products and services on the market.

The six forces model is used to study the strategic position of a company in a concerned industry and in a given market place. It is also applied to calculate the market effectiveness of a company with regard to competition and profitability.

Let us take FedEx as an example. FedEx is one of the largest global courier...


... middle of paper ...


...gy.

• Adam Hartung(2014), Three Smart Lessons From Facebook's Purchase Of WhatsApp http://www.forbes.com/sites/adamhartung/2014/02/24/zuckerbergs-3-smart-leadership-lessons-from-facebook-buying-whatsapp/
• Ibrahim AKGÖBEK, Mergers and Acquisitions as a Growth Strategy http://psrcentre.org/images/extraimages/412031.pdf
• PALO ALTO, CA and HOUSTON, TX (2001), Hewlett-Packard and Compaq agree to merge, creating $87 billion global technology leader http://www8.hp.com/us/en/hp-news/press-release.html?id=230610#.U00iUvmSy50
• Wikipedia, Tata Group http://en.wikipedia.org/wiki/Tata_Group
• Sebastian Spaeth, Nina Geilinger, Corporate Strategy Mergers & Acquisitions http://www.smi.ethz.ch/education/courses/corporatestrategy/Slides_2012/CS_06_MA.pdf
• KENT RHODES, Merger and Acquisition Strategies http://gbr.pepperdine.edu/2010/08/merger-and-acquisition-strategies/

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Leadership Strategy that Drives Business Strategies

- Introduction Leadership according many theories can be defined using differing dimensions, as a trait, a process, an emergence, ascribed leadership etc. I have come to understand leadership as a process which requires certain traits whether innate or learned to carry out responsibilities for the achievement of business or agreed goals. As defined by Pasmore (2009), leadership is a culture (behaviour) which is defined by the collective actions of formal and informal leaders towards achieving the set organizational goals....   [tags: customer, development, management]

Research Papers
810 words (2.3 pages)

Development of Mobile Banking in Open Joint-Stock Company MTS Bank Essay

- 2. Introduction The main objective of this paper is to identify possible ways for development of mobile banking in Open Joint-Stock Company “MTS-Bank” (MTS-Bank) that thwart realization of retail business strategy. MTS-Bank is a private Russian bank and was established in 1993 as a corporate bank for Joint-Stock Financial Corporation “Sistema” (“Sistema”). Sistema is the main shareholder of MTS-Bank. Sistema is the largest publicly traded diversified holding company in Russia and CIS. The group owns a diverse set of public and private companies, which it holds in several distinct portfolios (Sistema, 2014)....   [tags: retail business strategies]

Research Papers
1808 words (5.2 pages)

Business Strategies For Small Business Owners Essay examples

- ... Also, help small businesses to maintain and produce beyond the five years (Samujh, 2011). Purpose Statement The number of net new jobs in the United States has declined significantly since the end of the economic recession in the country in mid-2009. According to Solomon, (2014) small businesses are important to the economic growth and new job creation, but small businesses are failing at a high rate (Solomon et al., 2013). Statistics showed that 20% of small firms fail within the first two years, and 50% fail within five years (Cader & Leatherman, 2011)....   [tags: Small business, Business, Management]

Research Papers
1246 words (3.6 pages)

Starbucks' Business Strategies Essay

- Starbucks' Business Strategies 1.     What are the key elements of Starbucks. strategy as of 2004. The key elements of Starbuck?s strategy were as follows: a.     Grow the business by constantly adding more stores around the world: The Company has had tremendous success in opening stores around the world. It has applied its global strategy effectively and has enjoyed increase in sales from global operations. b.     Store design, planning and construction are also part of the strategy. The company began to create its own in house architects and designers to design Starbucks locations....   [tags: Starbucks Business Strategies Marketing Essays]

Research Papers
998 words (2.9 pages)

Essay on Business and Economic Strategies in Taiwan

- Business and Economic Strategies in Taiwan, from 1970s to Present Taiwan has grown over the last half century from a poverty stricken nation to an economically-stable country and this has seriously caught the attention of some developed western countries. The country has had one of the largest populations lavishing in poverty over the years but through hard work from its people as well as the government’s commitment, its economy boasts as one of the fastest growing not only in Asia, but also globally....   [tags: Government, Politics, International Business]

Research Papers
1553 words (4.4 pages)

The Importance of Business Growth Strategies Essay

- 1.1 Introduction Growth strategy is the organisation formulating their plan to accomplish their objectives and goals to grow in revenue and size of the business. However according to (Bridge, O’Neill and Cromie 2003), she defines growth strategy as a “...the movement of the business into bigger premises, taking on more staff, significant increases of turnover, taking on a new product line or lines, buying another business, and so on” Growth Strategies are important for businesses as they allow the business to move in a formal direction....   [tags: business, work ethics, ]

Research Papers
1632 words (4.7 pages)

Essay on Small Business

- Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses....   [tags: business plan, business development]

Research Papers
1473 words (4.2 pages)

Sustainable Development in Business Essay

- Sustainable Development in Business EXECUTIVE SUMMARY This report is aimed at analyzing and studying the advancement and the operation strategies for sustainable development. Information was gathered, using business articles, on the strategies and techniques required for sustainable development. Sustainable development is not only important and essential for environmental protection and socially well-being, but also for certain economic goals a business may want to achieve....   [tags: Papers]

Research Papers
2789 words (8 pages)

Business Development Essay

- Business Development Career Overview: Business development—or "biz dev," as insiders call it—is all about growing your company's bottom line. The job of the business development professional is typically to identify new business opportunities—whether that means new markets, new partnerships with other businesses, new ways to reach existing markets, or new product or service offerings to better meet the needs of existing markets—and then to go out and exploit those opportunities to bring in more revenue....   [tags: Business Management Strategy]

Research Papers
1790 words (5.1 pages)

Essay on Business Strategies

- Firstly, new technology beening a strong growing part of economics in recent years all around the world. Technology progress is the world economic development prime motors. The advance in technology not only naturally has provided the advantageous method for the transformation, also changed various countries' strength contrast. The government more value the important of new technology. Every new technology created a number of rich people. Those few people know what most of people don’t know, that’s why they can make money....   [tags: Business Management Strategy]

Free Essays
1619 words (4.6 pages)