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Case study an entrepreneur’s global strategy
International corporate level strategies
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1. Introduction This paper provides the self-reflection on the process and outcomes of Mrs. Doyle’s Tea Project of Group 6. In the next session, I will analyse our group’s actions during the process with a consideration of the outcomes and weaknesses of the project at each stage. In addition, I will also look the activities taken to improve the project based on the feedbacks to our group. Finally, the key lessons and new learnings from this project will also be addressed. 2. Learning episodes In this section, I will outline the process of our group’s project through a particular look at our critical approach of analysis, important inputs and outcomes. The strengths and weaknesses of the project as well as our main worry in each stage of the process will also be described. 2.1. Overview Generally, my group’s project was to develop a global business strategy for Mrs. Doyle’s Company to expand its business to a particular international market. This small and start-up company specializes in mood teas namely Happy Tea, Hangover Tea, Sleepy Tea and other products such as cookies and chocolates. At first, our group focused on three specific markets of three markets: Asian pub market, Retail airline catering and Duty-free market. However, our indeed analysis suggested that the company was not ready to enter these marketplaces. Instead, the United Kingdom would be the most beneficial destination for the company at present. Therefore, our ultimate aim was to expand the company’s operation in the UK in accordance with the determination to enhance the brand of the company’s tea as a fun gift product. 2.2. Critical Approach Our group approached a set of critical analyses to examine the company’s competitive advantages, to analyse the oppor... ... middle of paper ... ... team work. 5. Concluding comments From my perspective, this project is challenging yet it provides our group an opportunity to embark in a real task to develop a strategic plan for a real client. We did confront difficulty and overcome obstacles such as dealing with the clients, understanding and taking advantages of the multinational group, creating insights of the projects, and adding value to the company. In fact, we took this chance to apply and turn the theories of global competitiveness into practice. Thanks to the project, I have enhanced my personal skills of interacting with the client and the team. I also comprehend and am able to apply such concepts of the firm advantages analysis, the industry analysis, the market scanning, the brand building, and the strategic alliances as valuable tools of building an effective entry strategy for firms in reality.
A strategic analysis provides an examination of both the internal and external factors impacting on the organisation (Papulova & Gazova, 2016). City
The Sperry/MacLennan Firm’s consideration to expand globally is a major decision. When a business attempts globalization, they do not go in blind. The company utilizes marketing research to understand the country and culture they are attempting to enter. This research gives the company a framework to follow during the expansion and allows their decision to be reinforced.
...arations needed during implementation of the project while the final phase is meant for overall evaluation.
Hendersern and Stern 2000, ‘Untangling the origins of competitive advantage’,Strategic Management Journal, Vol. 21, pp. 1123-1145.
This model constitutes of “Risk of Entry”, “Bargaining Power of Buyers”, “Bargaining Power of Suppliers”, “Threat of Substitutes” and "Rivalry among established firms in the Industry". In the strategic decision making, to meet our goals we will try to globalize our company, work on external analysis, internal analysis and the threats.
Our group has applied the knowledge that we learnt from Analysis of Competitive Advantages. This included ROI, balance scorecard, porter 5 forces model and generic strategies. Our group choose three analytical tools which included SWOT analysis, Return on Investment and Balanced Scorecard to analyse the performance of the company. The analysis is based in the company financial report through company’s official website.
The Malaysian bubble tea franchises have a few dominant players – Chatime, Ochado and Gong Cha, stated in the Star (The Star, 2012). However, other minor existing bubble tea players are Share Tea, Ding Tea, Each-A-Cup, Cup Bon, Tea-Tac-Toe, etc. All these bubble tea brands are close substitutes that share similar qualities and prices in Malaysia that consumers could choose from.
This paper will provide an argument for diversification to be presented to board of directors for Starbucks. A strategy for diversification indicating the products and industries for diversification and how synergies may be gained will be provided. The identification and the discussion of the foreign market Starbucks should enter will be presented, along with the strategy it should use to enter the market. Challenges Starbucks may face in the foreign market will be discussed, as well how it might respond strategically to minimize the impact of these challenges.
In today’s world Globalization has led to transformation of many factors due to which firms must compete in a complicated and challenging environment. The main question that the companies have in the field of strategic management is to answer how to achieve competitive advantage. It is achieved when a firm exceeds the average industry standards. Or in other words when a firm outperforms its rivals and gain a competitive edge through combination of attributes . It is about how a company can leverage on the advantage to become profitable and do what they do best. Now it has become a crucial part of the market, every company is striving for competitive advantage. For example companies like Oracle and Microsoft are following a Resource Based View by using Technological assets.
Competitive advantage is a concept that remaining parts as a noteworthy exploration region to the extent strategic management is concerned. Additionally, to the extent worldwide and nearby organizations are concerned, competitive advantage is critical (Mahoney, 1992). Keeping in mind the end goal to contend and support effectively, locally and all around, organizations should exceed expectations in their general vicinity as well as drive forward over the long haul. Accomplishing such a "supportable competitive advantage" status is not a simple undertaking without a fitting guide or strategy being blueprint and put into practice. Competitive advantage is a result from and being connected with a not insignificant rundown of contributing components (Ansoff,
Tata tea’s global over and above strategy is to become the market and the leader in tea production in India, increase capacity its reach in the global market and end up being the global tea market leader where Unilever is often currently positioned. For this the company has adopted the appr...
According to Value chain analysis, competitive advantage cannot be assumed by looking at the company as a whole. The benefits derived from the many isolated activities, a firm preformation, the design, production, marketing, supply and product support. Each of these activities may contribute to the relative cost position of the company and create a basis for differentiation.
In this process, it was important for me to establish the sense of urgency as well as the vision of the project. I accomplished this by meeting and working with the stakeholders, securing their consensus and working with the technical team to develop technical...
The following essay is going to attempt to assess the above proposition and try to find if it is possible to add value continually over a period of time. I will first discuss what competitive advantage is and what it means to a firm. Then I will explain the sources of competitive advantage and how the distinctive capabilities of a firm allow it to sustain added value. The discussion is based on a number of viewpoints from different authors who will be clearly indicated and acknowledged. I begin with explaining what competitive advantage is.
Hitt, M., Ireland, and Hoskisson, R. (2009).Strategic management: Competitiveness and Globalization, Concepts and Cases. In M. Staudt & Stranz (Ed.