How has globalization impacted the public corporation in your chosen industry?

  

Assignment 1: Strategic Management and Strategic CompetitivenessDue Week 2 and worth 300 pointsChoose one (1) public corporation in an industry with which you are familiar. Research the company on its own Website, the public filings on the Securities and Exchange Commission EDGAR database (http://www.sec.gov/edgar.shtml), in the University’s online databases, and any other sources you can find. The annual report will often provide insights that can help address some of these questions.Write a four to six (4-6) page paper in which you:Assess how globalization and technology changes have impacted the corporation you researched.Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns.Assess how the vision statement and mission statement of the corporation influence its overall success.Evaluate how each category of stakeholder impacts the overall success of this corporation.Use at least two (2) quality references.Note:Wikipedia and other Websites do not quality as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Determine ways in which the vision, mission, and stakeholders of a firm impact that firms overall success.Use technology and information resources to research issues in business administration.Write clearly and concisely about business administration using proper writing mechanics.Clickhereto view the grading rubric.

Objectives:
– To assess the impact of globalization and technology changes on a public corporation.
– To apply the industrial organization model and the resource-based model to determine the potential for a corporation to earn above-average returns.
– To evaluate the influence of a corporation’s vision and mission statements on its success.
– To analyze the impact of different stakeholders on a corporation’s overall success.
– To use academic resources to conduct research on a public corporation.

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Learning Outcomes:
By the end of this assignment, students will:
– Understand the impact of globalization and technology changes on a public corporation’s operations and strategies.
– Be able to apply the industrial organization model and the resource-based model to analyze a corporation’s competitive advantage.
– Have an appreciation of the importance of a corporation’s vision and mission statements in shaping its strategies and goals.
– Be able to evaluate the different stakeholders that may impact a corporation’s operations and success.
– Be able to conduct academic research using proper writing mechanics and APA citation guidelines.

Solution 1:

Assessing the globalization and technology changes that have impacted a corporation

In today’s world, globalization and technology have affected corporations in numerous ways. Companies have to be able to adapt to these changes to remain relevant and competitive. If I were to assess how globalization and technology changes have impacted the corporation that I have researched, I would look at how the company has expanded its operations globally and how it has integrated technology into its operations.

Globalization has allowed companies to tap into new markets and increase their customer base. The corporation that I have researched, therefore, would have to have a solid strategy in place to expand its operations. For instance, the company may have to examine cultural differences, tariffs, and exchange rate fluctuations before expanding into new markets. The use of digital technology has also transformed how companies interact with their customers. Companies can now use social media, email marketing, and other forms of digital marketing to reach out to their customers effectively.

Solution 2:
Assessing the resource-based and industrial organization models to determine how a corporation could earn above-average returns

The resource-based model suggests that a corporation that has a valuable, rare, inimitable, and non-substitutable (VRIN) asset would earn above-average returns. On the other hand, the industrial organization model suggests that a company would earn above-average returns if it can position itself in an attractive external environment.

If I were to apply the resource-based model and the industrial organization model to the corporation that I have researched, I would examine if the corporation has any VRIN assets that give it a competitive advantage. For instance, the company may have proprietary technology or patented products. If the company does have such an asset, it should leverage this to gain a competitive advantage.

In addition, I would examine how the corporation has positioned itself in its external environment. For example, the company may be in a highly competitive industry, which would require it to have a solid marketing strategy to differentiate itself from its competitors. Alternatively, the industry may have high entry barriers, which would limit new entrants. The company would then have a better chance of earning above-average returns.

Suggested Resources/Books
– “Strategic Management” by Pearce and Robinson
– “Competitive Advantage” by Michael Porter
– “Globalization and Its Discontents” by Joseph Stiglitz
– “The Resource-Based View of the Firm: Ten Years After 1991” by Jay Barney

Similar Asked Questions
1. How does globalization impact a corporation’s strategic management and competitiveness?
2. What are the benefits and potential drawbacks of applying the industrial organization model and the resource-based model to assess a corporation’s earning potential?
3. How do a corporation’s vision and mission statements influence its overall success and strategy?
4. What are the different categories of stakeholders and how do they impact a corporation’s overall success?
5. How can technology and information resources be utilized to research and analyze issues in business administration pertaining to strategic management and competitiveness?

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