Business Strategy: Manufacturing Industry (Essay Sample)
This assignment presupposes a working knowledge of business strategy and analytical techniques and quantitative tools. This paper will focus on critical evaluation of business strategies of three companies of your choice.
Using the framework of strategic analysis (e.g. Blue Ocean) students will select three strategies from three different companies, operating in different industries (the third being your current/past employer/ intern provider). In a 5-8 page paper, students will:
• Identify the companies
• Provide company profile
• Describe market/ industry strategy with supporting research
• Critically analyze the competitive strategy of each company in a socially appropriate manner
• Suggest recommendations for strategic value innovation
Business Strategies
Name:
Institution:
Manufacturing Industry
The process of production uses inputs such as labor, chemicals, and machinery. Different economic systems have various types of manufacturing companies. In a free market economy, mass production of goods is very popular. The manufacturers sell the goods to consumers at a profit. In a planned economy, the manufacturers must abide by the regulations put by the government. Mixed market economies also produce goods according to the government regulations, but the manufacturers here have a stake in decision-making unlike in a planned economy. Manufacturing industry is known for its ability to create wealth for the economy, especially with the emerging technologies (Ward & Dulay, 2000). The new technologies in the manufacturing industries have provided advanced means of production and also in cost reduction. The most significant contribution of the manufacturing industries is the production of support materials for national defense and infrastructure. However, the industry is blamed for its great contribution to the envir
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