Developing A Competitive And International Business...

To begin with, Scholes, Johnson and Ambrosini (1998) explained strategy as the direction of a firm for the long-term which accomplishes benefit for the firm through its allocation of resources within a dynamic environment to meet markets requirements and to achieve stakeholder expectations. Furthermore, Kelly and Zaman (2014) noted that strategies are strongly impacted by the environment of a firm. It is recommended that the strategies also implicate considerations about organization s internal factors and include choices about structure, technology and other factors. Both planned and emergent approaches must be studied under the progressively change, highly competitive and international business environment. External forces are driving companies to cut costs, improve processes and recognize new opportunities for growing. This paper will define and compare emergent and planned approaches to strategy formulation, and explain how utilizing organizational resources and capabilities play a key role in creating competitive advantage. Some valuable tools such as Porter s value chain and Economic moat will be introduced to show how internal and external factors can be evaluated. Apple company was selected to exemplify those aspects. Brief of Apple Company Based on Downie (2016), Apple Company is recognized as the largest international company, with a market capital of $540 billion. The company has accomplished this scale in spite of promoting a few number of products. AppleShow MoreRelatedInternational HRM With the Context of Global Economy 947 Words   |  4 PagesInternational HRM with the context of global economy It would be very easy to refer to international human resource management as little more than HRM on a national scale with some additional features that indeed similarities in the role of human resource management within national and international organizations; however, there are also some significant differences, not least of which is the development and deployment of staff in different national and regional locations around the world. TheRead MoreWhy The Economic Liberalization Is Regarded As A Second Step Towards Facilitating Globalization1478 Words   |  6 Pagestechnology, capital, and even labor or human capital. The term globalization means to permit the free flow of goods and services in the world. To create an environment in which free flow of capital can take place among nation states, an environment permitting free flow of technology and from the point of view of developing countries, creation of environment in which free movement of labor can take place in different co untries of the world. Essential conditions for globalization are there should not beRead More3.1 the Strategic Position Is Concerned with Identifying the Impact on Strategy of the External Environment, an Organization’s Strategic Capability (Resource and Competent) and the Expectations and Influence of1058 Words   |  5 Pagesis concerned with identifying the impact on strategy of the external environment, an organization’s strategic capability (resource and competent) and the expectations and influence of stakeholders. 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What is the managerialRead MoreAnalysis Of Michael Porter s Diamond Companies The Way A Country Gains And Sustains Its Own Competitive Advantage Essay961 Words   |  4 PagesNowadays, competition in anywhere is about the international affairs. In order to keep country’s own competitive advantage, it’s necessary to make national strategies to sustain this advantage and be an attractive market for international competing. Michael Porter’s diamond states the way a country gains and sustains its own competitive advantage through dealing with the disadvantage to push itself innovating and learning from it. Although this model clearly explains how one factor is related toRead MoreThe Expansion Of The World Economy1230 Words   |  5 Pagesbuild a strong competitive position in the market by taking advantage of the global market that is opened up to the foreign companies closed previously. The rapid growth of the technology is shrinking the geographical boundaries and the global economy is expanding faster than it can expand. The expansion of the world economy is offering companies many attractive opportunities that come with the domestic as well as global threats. Companies in industries that have a higher competitive threats have aRead MoreMarketing Design And Innovation : Ipod Marketing Strategy1167 Words   |  5 Pagesorganizations general design and it power of innovation determines the competitive advantage in the local as well as international level (Johansson and Holm, 2006). If a firm can respond immediately to the change then it can get expected benefits. Before adopting any change in the system, it is essential to know its appropriateness in the organizational context. The nature of the organization, nature of the product, business environment, nature of competition etc. determine the appropriate system to be