Pangea Financial Performance Essay

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Recommended: Strategic and internal alignment

Review of Performance: Year 2
By the end of year two Pangea Technologies had achieved great success. Not only did it rank number one in game 5 but it also ranked number one overall. Our management team worked well together and made well informed decisions. We achieved our goal to have at least 40% market share in at least two market segments. In fact, we had 52% market share overall and over 45% market share in every segment.
Decision Aggressiveness
If there was one thing that set us apart from the rest, it would be the aggressiveness of our decisions. By the end of the second quarter of the second year we had opened offices in every available city selling at least one product to every single market segment. We used our resources generously yet wisely in opening offices, and hiring and motivating salespeople, and it paid off.
Financial Performance
In year two Pangea has had an excellent financial performance, net …show more content…

We focused on designing our brands to the liking of each market segment. We also reviewed our performance as well as our competitors¡¦ performance thoroughly, and in the areas where our performance was not the best, we used benchmarking. We were not shy about copying the ideas of the best. For example, our Cost Cutter brand, Centra 260, was not the best nor did it capture the largest market share so we looked at the best Cost Cutter brand, which was bravisimo1 of our competitor, Elegant. This brand was not the highest rated yet it outperformed the highest rated brand in that it had the largest market share in the Cost Cutter segment. After having compared our brand to the bravisimo1, we copied most of the design ideas in designing our new brand Centra 270 and we also found ways to make our design better than the bravisimo1. This strategy worked well because we were able to capture the largest market share of the Cost Cutter

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