This document defines various types of business ownership structures and provides examples. It discusses private ownership, where an individual owns a company themselves. It also covers public ownership, where a government controls a company, and multinational ownership, where a company operates in multiple countries, such as BBC. The document also defines conglomerate ownership, independent ownership, and vertical and horizontal integration between companies. It provides advantages and disadvantages for each type of ownership structure.
A simple and packed with some of important business knowledge that essentially required by students for exam or businessman in order to achieve success in their life.
1. .1. Explain why competitive advantages are temporary along with.docxmonicafrancis71118
1. .1. Explain why competitive advantages are temporary along with the four key areas of a SWOT analysis.
2. 2.2. Describe Porter’s Five Forces Model and explain each of the five forces.
3. 2.3. Compare Porter’s three generic strategies.
4. 2.4. Demonstrate how a company can add value by using Porter’s value chain analysis.
Identifying Competitive Advantages
LO 2.1 Explain why competitive advantages are temporary along with the four key areas of a SWOT analysis.
Running a company today is similar to leading an army; the top manager or leader ensures all participants are heading in the right direction and completing their goals and objectives. Companies lacking leadership quickly implode as employees head in different directions attempting to achieve conflicting goals. To combat these challenges, leaders communicate and execute business strategies (from the Greek word stratus for army and ago for leading).
A business strategy is a leadership plan that achieves a specific set of goals or objectives such as increasing sales, decreasing costs, entering new markets, or developing new products or services. A stakeholder is a person or group that has an interest or concern in an organization. Stakeholders drive business strategies, and depending on the stakeholder’s perspective, the business strategy can change. It is not uncommon to find stakeholders’ business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs. Figure 2.1 displays the different stakeholders found in an organization and their common business interests.
Good leaders also anticipate unexpected misfortunes, from strikes and economic recessions to natural disasters. Their business strategies build in buffers or slack, allowing the company the ability to ride out any storm and defend against competitive or environmental threats. Of course, updating business strategies is a continuous undertaking as internal and external environments rapidly change. Business strategies that match core company competencies to opportunities result in competitive advantages, a key to success!
A competitive advantage is a feature of a product or service on which customers place a greater value than they do on similar offerings from competitors. Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices. Unfortunately, competitive advantages are typically temporary, because competitors often quickly seek ways to duplicate them. In turn, organizations must develop a strategy based on a new competitive advantage. Ways that companies duplicate competitive advantages include acquiring the new technology, copying the business operations, and hiring away key employees. The introduction of Apple’s iPod and iTunes, a brilliant merger of technology, business, and entertainment, offers an excellent example.
In early 2000, Steve Jobs was fixated on developing video editing software.
Marketing in the times of recessions reportIdentity Mena
The ongoing political and economical crackdowns in the Middle East are quite noticeable, in a way that was resulted in slow earnings last year and aggressive meltdown in the 1st quarter of this year.
The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.
With all the above mentioned situations, it seems as a whole flock of Black Swan events are circling the sky over the trade business and might at some point blot out the sun.
A simple and packed with some of important business knowledge that essentially required by students for exam or businessman in order to achieve success in their life.
1. .1. Explain why competitive advantages are temporary along with.docxmonicafrancis71118
1. .1. Explain why competitive advantages are temporary along with the four key areas of a SWOT analysis.
2. 2.2. Describe Porter’s Five Forces Model and explain each of the five forces.
3. 2.3. Compare Porter’s three generic strategies.
4. 2.4. Demonstrate how a company can add value by using Porter’s value chain analysis.
Identifying Competitive Advantages
LO 2.1 Explain why competitive advantages are temporary along with the four key areas of a SWOT analysis.
Running a company today is similar to leading an army; the top manager or leader ensures all participants are heading in the right direction and completing their goals and objectives. Companies lacking leadership quickly implode as employees head in different directions attempting to achieve conflicting goals. To combat these challenges, leaders communicate and execute business strategies (from the Greek word stratus for army and ago for leading).
A business strategy is a leadership plan that achieves a specific set of goals or objectives such as increasing sales, decreasing costs, entering new markets, or developing new products or services. A stakeholder is a person or group that has an interest or concern in an organization. Stakeholders drive business strategies, and depending on the stakeholder’s perspective, the business strategy can change. It is not uncommon to find stakeholders’ business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs. Figure 2.1 displays the different stakeholders found in an organization and their common business interests.
Good leaders also anticipate unexpected misfortunes, from strikes and economic recessions to natural disasters. Their business strategies build in buffers or slack, allowing the company the ability to ride out any storm and defend against competitive or environmental threats. Of course, updating business strategies is a continuous undertaking as internal and external environments rapidly change. Business strategies that match core company competencies to opportunities result in competitive advantages, a key to success!
A competitive advantage is a feature of a product or service on which customers place a greater value than they do on similar offerings from competitors. Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices. Unfortunately, competitive advantages are typically temporary, because competitors often quickly seek ways to duplicate them. In turn, organizations must develop a strategy based on a new competitive advantage. Ways that companies duplicate competitive advantages include acquiring the new technology, copying the business operations, and hiring away key employees. The introduction of Apple’s iPod and iTunes, a brilliant merger of technology, business, and entertainment, offers an excellent example.
In early 2000, Steve Jobs was fixated on developing video editing software.
Marketing in the times of recessions reportIdentity Mena
The ongoing political and economical crackdowns in the Middle East are quite noticeable, in a way that was resulted in slow earnings last year and aggressive meltdown in the 1st quarter of this year.
The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.
With all the above mentioned situations, it seems as a whole flock of Black Swan events are circling the sky over the trade business and might at some point blot out the sun.
2. Define the following and given an example
of a company that does this eg Apple for
vertical integration:
(This is part 1 of your “ownership of the
media sector” power point. Add these two
power points together then add it to your
blog - after completing this try and add
more of these technical terms and
definition to your case study - this will gain
you merits and distinctions)
4. The benefits and weaknesses of private ownership
are that private companies can react more quickly
to challenges and opportunities without going
through exhaustive decision making processes yet
private companies haven’t got a chance of
growing their business unlike public companies.
Private companies are less expensive as it requires
very less paper work and very limited shareholders.
Private companies are more secure because their
business is kept confidential as it is a private
company which is less interacting with media or
press.
5. Public Ownership is when a certain
company is controlled by the
government.
6. The benefits and weakness of public
ownership is that there are able to raise
funds.
A disadvantage is that the cost is huge.
7. Multinational is when a certain company
is owned in multiple countries.
An example of this is the BBC, the BBC is
shown in the USA as well.
9. An independent ownership is when a
company is privately owned.
Independent retailers include Blaze
(cards), The Shop With No Name
(clothes), Hudson's (food) and Urban
Village (memorabilia).
10. Advantages: There are no restrictions on who, how or where
an entrepreneur should set up his/her business. The freedom
to do what one wants to do is the biggest advantage in this
form of business. It can be extremely fulfilling.
Disadvantages: Because of the ease and flexibility of getting
started, there can be a lot of competition in a particular
area for a certain type of customer. Every business decision
rests on the owner(s). There is no branding, no preset
guidelines and a great deal of risk in this business model.
11. A conglomerate ownership is an
umbrella of products, this includes radio,
TV, film & print.
An example of this is the BBC
12. Disadvantages:
-The extra layers of management increase costs.
-Accounting disclosure is less useful information, many numbers are disclosed
grouped, rather than separately for each business. It is easier for
management to hide things.
Advantages:
-Diversification results in a reduction of investment risk.
13. When the products of both companies
are similar.
14. Advantages:
-Lower costs
-Increased Market Power
Disadvantages:
-Costs
-Increased work load
15. Merger of companies at different stages
of production
16. Advantages:
-Some economies of scale such as risk bearing economies,
financial economies. Lower costs could lead to lower prices
for consumers.
-Firm not subject to losing control of supply.
Disadvantages:
-Vertical mergers will have less economies of scale because
most of the production is at different stages of production.
There is still scope for monopoly power. Also a vertical merger
can lead to monopsony power.