Strategy Research Paper Example | Topics and Well Written Essays - 250 words

Strategy - Research Paper Example Without BLS, the company that knows what business to focus on will not be able to maximize productivity and profits. Without the FLS, different divisions will not function effectively in line with business strategies. Any global or national environment with similar competitive sporting goods should be studied in connection with expansion plan to discover who will be the competitors, how they compete in terms of pricing, quality, and availability, because competitors might have their respective advantages which will be a threat to the entry of sporting goods. Opportunities will be available if a competitive advantage or evident differentiation can be established. Existing missions and goals should be the premise of developing strategies. Cost leadership involves all the strategies and activities that allow for the company to arrive at desired â€Å"features that are acceptable to the consumers at the lowest cost relative to that of competitors†, according to Hitt, Michael A.; Ireland, Duane R.; and Hoskisson, Robert E. (2010, p.108) . It is crucial to have this because people will compare the products, and will want to get the best value for their money’s worth. If features are the same for different options, the price will make the difference. 2You are a CEO of a regional sporting goods company and are contemplating expanding into the global market; however, you are unsure of what your strategy for globalization should be. You need to meet with your management team to develop a strategy. Explain how the following Factors apply into your strategy decision: External Environment (National, Global); Opportunities and Threats; Mission and Goals; and Leadership and Culture? Explain why the â€Å"Cost Leadership â€Å"strategy would apply

Finance Course Work Essay Example | Topics and Well Written Essays - 1000 words - 1

Finance Course Work - Essay Example A company needs capital to run the normal proceedings of a business and in order to gain such capital; organisations tend to approach financial markets. Such financial markets not only help in generating the finance to run an organisation but it also helps in many other ways. A financial market is a place whereby sellers and buyers meet each other in order to trade financial securities and commodities. The transactions within these markets are usually carried out in such a way that they reflect the supply and demand (Kapoor et al, 2012). Companies which usually trade within the markets tend to keep a record of their business and such record is usually kept within financial statements which are prepared by the financial managers. There are various financial statements but the most important one include: the statement of comprehensive income and expenditure (SOCIE), the statement of financial position (SFP), the statement of changes in equity and the cash flow statement (Kapoor et al, 2012). SOCIE gives an insight to the profit/loss which an entity may have obtained as a result of their operations within a given period of time. The SFP gives the year end assets position of an entity while the Cash flow statement provides a summary of the cash that has rotated in order to carry out the business operations (Madura, 2011). Companies tend to plan their operations in advance and also keep a record of that in order to keep a budgeted record, any deviation within the budgeted and the actual result is scrutinised if it is huge and the aberration is properly addressed to avoid the discrepancy in the future (Kapoor et al, 2012). The concept of time value of money is simple: the value of money in recent or in current terms is going to be higher than in future terms. This can be further explained that money if earned now would have more value than if the same amount