Submitted by: Submitted by camerosd
Views: 10
Words: 7262
Pages: 30
Category: Business and Industry
Date Submitted: 08/08/2015 06:26 PM
Considerations to Maintain a Competitive Advantage
Author’s notes
**This paper contains material from assignments from the first three class units**
**All graphics for this paper were created by author using Adobe Illustrator CC 2015**
**All tables and graphs were created by author using Microsoft Word using table tool**
Table of Contents
Introduction 3
Strategic Management Process 4
Analysis 4
Internal Organization Analysis. 5
External Environment Analysis. 14
Cultural Considerations. 24
Analysis Summary. 28
Strategy 29
Vision & Mission. 29
Business-level Strategies. 30
Competitive Rivalry and Competitive Dynamics. 31
International Strategy. 32
International Entry Mode Strategies. 33
Strategy Summary. 38
Performance 39
Corporate Governance. 39
Organizational Structure and Controls. 39
Performance Summary. 40
Factors to Compete in the Chinese Furniture Market 41
Resources, Capabilities, Core Competence 41
Cost Leadership 41
Differentiation 41
Licensing 42
Partnerships 42
Response to those that might dispute our globalization position 43
Negative Aspects of Globalization 43
Why Globalization Makes Sense 43
The Benefits of Globalization 43
How our firm plans on evaluating the future global marketplace. 44
References 45
Considerations to Remain Competitive
Introduction
Competition’s basic nature in most global industries is changing due to the scarcity of financial capital and ever-increasing volatility of today’s markets. According to strategists and authors, Michael Hitt, Duane Ireland, & Robert Hoskisson, the Strategic Management Process involves the three phases of analysis, strategy, and performance. Analysis encompasses Internal Organization and External Environment analysis, and an added topic of Cultural Considerations for China. Strategy incorporates business-level strategies, Competitive Rivalry, International Strategies, and International Entry Mode Strategies. Performance caps off...