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Business Strategies Essays

External Environment and Business Strategies

The external environment influences how organizations plan and decide. It covers political, economic, social, technological, environmental, and legal factors. To survive and thrive, a corporation must understand and adapt to its external environment. Furthermore, effective business strategies help companies achieve their goals and gain a competitive edge. Organizations must align their plans with the outside ... Read More
Pages: 4       Words: 958

Assessing the Possibility of Luxury Brands’ Expansion Into Africa Using Hofstede’s Cultural Model

Hofstede’s Cultural Dimension is a helpful model for understanding cultural variations in countries. It is an analytical criterion that offers six dimensions, as shown in (Figure 1) for assessing business situations. Businesses focus on economic, political, and social or cultural contexts when outlining management and marketing strategies generated by Hofstede’s Model (Kang et al., 2021, ... Read More
Pages: 5       Words: 1143
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Business Strategies and Competitive Advantage

INTRODUCTION One of the world’s biggest publicly traded worldwide oil and gas businesses, Exxon Mobil Corporation, is starting a bold venture into the world of energy trading. ExxonMobil’s strategic strategy has drawn interest and scepticism from knowledgeable market watchers who acknowledge the company’s enormous potential but doubt its willingness to take the necessary risks (Wang ... Read More
Pages: 9       Words: 2331

ABC Distribution Company: Case Study

Introduction: ABC Distribution is a firm that predominantly distributes food items to prominent retailers. The Managing Director and Director of Finance have emphasized the vital success factors for the enterprise, which include fulfilling profit targets, expanding operations, rendering additional services and support, fostering relationships with existing customers, acquiring new clients, and making acquisitions. This piece ... Read More
Pages: 5       Words: 1325

Strategic HR Analysis and Recommendations for Southwest Airlines

Executive Summary The HR strategy project for Southwest Airlines aims to assess and enhance the organization’s HR practices. Through a comprehensive analysis of current strategies and issues, three key HRM implications were identified: talent management, employee development, and diversity and inclusion. The following business strategies are recommended to address these implications: implementing a robust talent ... Read More
Pages: 6       Words: 1411

Top 5 Strategic Approaches for Sustainable Competitive Advantage

Companies must constantly adapt their game plans to outperform their rivals in the ever-changing commercial landscape. This can be done using a variety of strategic techniques that not only build long-term customer value but also keep profits high. Cost leadership strategy, differentiation strategy, targeted low-cost strategy, targeted differentiation strategy, and innovation-based differentiation strategy are a ... Read More
Pages: 3       Words: 748
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