Business Strategy Essay Examples – Companies working in the world of automobile manufacturing are the most advanced in the universe. Operating in the United States under the leadership of General Motors, Ford Fusion develops a wide range of vehicles to meet customer needs. Factory Ford Fusion models in imperfect markets are as follows:
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Business Strategy Essay Examples
Having a large number of buyers and sellers in the sector This trend means that the Ford Fusion may have the opportunity to update its pricing policy more often. from the perspective of the market Principles of any company’s value creation process That cannot be recovered from other industries. that follows an independent strategy The free entry and exit of the company is another Ford Fusion. Entry and presence allow the company to make a better profit (Pereira, 2017). With entry-level models, the Ford Fusion has the potential to add value at reduced costs. of the vehicle Therefore, it remains the same business with good profit margins. likewise If existing industries are damaging Some of the border industries will leave. It decreases the amount of value that can grow. And the standing company will be left with limited profits.
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Product differentiation distinguishes consumers between craftsmanship and other competitors in the automotive industry. In the market, the products of each car model are no different. But they are very different (Chuang & Zhao, 2019). The Ford Fusion is truly different in terms of design. Materials used in the manufacture of motors And the skill set is very different from the rest of the auto industry. Ford Fusion has a wide range of creativity to advertise its products across all social media platforms. And the branding used has a unique concept.
Another aspect of the Fraud Fusion industry is how they deal with selling prices. The company tries to get the goods with different types of money. Fraud Fusion advertises its motors as a significant part of the transaction value, hampering the destruction and selling price of the product. Fraud Fusion’s primary goal is to generate profits. And it’s important for companies. In managing the flow accordingly (Eui-Chun, Kwon, & Pyo, 2018), the above factors help companies succeed. The trend of low mobility is reflected in the market due to the inefficiency of motors and manufactured products. The added value also shows up as another feature in the Ford Fusion as the main feature is often adjustable. so that the listed companies sell good motors The company has to reduce costs. The complete lack of knowledge in the Ford Fusion industry leads buyers to go for the engine closest to home where they have exceptional knowledge of the motor.
General Motors is the largest automobile manufacturer in the United States. General Motors uses strategies to solve problems for success in the industry. Reading content outside conventional engines helps them understand competitors’ products and services (Chuang & Zhao, 2019). Information from competitors encourages many motorists to improve their products and services in order to stand out. Competitive weaknesses give conventional engines a performance advantage. Collecting money from a company even if the business is doing well in the market is a strategy to use. The savings help the average automotive company deal with the problems that sometimes arise. Unexpected events that happen sometimes are solved with money that has been deposited in the bank for months.
A comprehensive search for new products and services helps General Motors streamline operations. With the help of technology, General motor achieves breakthroughs in the automotive market (Eui-Chun, Kwon, & Pyo, 2018). Modern products appeal to many buyers in line with the new engine trend. With the mass market first, General Motors avoided expanding its large-market operations in the first place.
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General Motors listens to customer feedback with interest. They keep this in mind to keep their business improving when they look at customer reviews. Sometimes a customer may not like a company’s motor. But as it turned out, many customers did not want the product and asked for another type of motor. The company listens and changes its needs (Chuang & Zhao, 2019). General Motors adopts a process of accepting changes and adapting to the business environment. Flexibility allows General Motors to retain customers. higher profits and fewer business failures the world is still developing So updates are expected to come out. And this will help more motors to implement those updates.
Ultimately, Ford Fusion is the only US car manufacturer. It operates under General Motors in Ford Fusion. Many buyers and sellers leave the industry and enter the industry. Pay attention to the selling price. complete lack of information and the limited flow of goods and services. Strategies General Motors uses to stay ahead are: study the competition, save money, research new products and services. listen to customer opinions and respond to these changes.
Chuang, C. H., & Zhao, Y. (2019). Motivation Needs in Finished Product Management. International Journal of Production Economics, 208-220. From https://www.sciencedirect.com/science/article/pii/S0925527318304523
Eui-Chun, L., Kwon, S. O., & Pyo, H.J. (2018). Thermal and Electrical Characteristics of EV Traction Motors. Considering the AC Impedance of MSO Coils. EEC Retrieved from https://ieeeexplore.ieee.org. /abstract/document/8450167/
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Pereira, P. J. (2017). Ford Motor Company Analysis and Company Industry Studies. Ph.D. thesis. Retrieved from https://repositorio.iscte-iul.pt/handle/10071/16070
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Question 1: A mission statement describes the company’s basic business strategy, such as new product development. It provides an overview of the work the company does and highlights a summary of why it was founded. It remains the core purpose of the business and acts as a filter to separate the important from the unimportant. Set the ideal that the company should follow.
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Question 2: The information systems approach is about understanding the business needs of the company. This is followed by proper planning of IT requirements. It is a business concept for finance, delivery, use and management of information. Explains how organizations use information systems to discover new information. Google fosters technology and innovation among employees. and increase business security through search technology
Question 3: Google’s main strategy is talent-based hiring. Making money the real way and allowing for a free and open working environment. These policies help to increase employee satisfaction.
Question 4: The strategy adopted by Google from Porter is the differentiation strategy. This system promotes the development of services or products that are highly valued and trusted compared to other competitors. The company has developed a unique approach to providing products and services to its customers. It can be done because the company is very technical. The company’s general strategy is to create new products and improve existing ones. It involves improving efficiency and closing the gap by identifying customer needs and meeting those needs.
Question 5: Good Stakeholder Satisfaction: The company understands customer needs and uses this opportunity to increase user satisfaction through various strategies. Speed improvements: Google ensures that users get fast support when needed. The company surprised the market by launching a search engine with new features and technologies. This makes the search more flexible. Changing Competition: The company’s transformation from simple to complex has led to new approaches to customer service and company transformation. Demonstrable goal: The company has changed its practices so that competitors’ strategies have failed due to their inability to adapt. Policy and enforcement at the same time: Google applies