Choose one 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, the University’s online databases, the Nexis Uni database, and any other sources you can find. The annual report will often provide insights that can help address some of these questions.

QUESTION

Choose one 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, the University’s online databases, the Nexis Uni database, and any other sources you can find. The annual report will often provide insights that can help address some of these questions.

Requirements

Write a four- to six-page paper in which you do the following:

• 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.
• Go to Basic Search: Strayer University Online Library and locate at least three quality references. Note: Wikipedia and similar Websites do not quality as academic resources.

Use the Assignment 1 Template [DOCX] to ensure that your assignment meets the above requirements.

ANSWER

 Globalization, Technology, and Corporate Success: A Case Study of Corporation XYZ

Introduction

In this paper, we will analyze the impact of globalization and technology changes on Corporation XYZ, a public corporation operating in the [insert industry] industry. Furthermore, we will apply the industrial organization model and the resource-based model to assess how Corporation XYZ can achieve above-average returns. Additionally, we will evaluate the influence of the corporation’s vision and mission statements on its overall success, and examine how different stakeholders contribute to its performance.

Globalization and Technology Impact on Corporation XYZ

Globalization and technology have significantly affected Corporation XYZ’s operations and competitive landscape. With the increasing interconnectedness of economies and advances in technology, Corporation XYZ has experienced both challenges and opportunities.

Globalization has expanded Corporation XYZ’s market reach by allowing it to enter new international markets. The company has leveraged global supply chains to access lower-cost inputs, enhance operational efficiency, and broaden its customer base. By establishing a global presence, Corporation XYZ has mitigated risks associated with dependence on a single market, thereby diversifying its revenue streams.

Moreover, technology changes have played a transformative role in the industry, and Corporation XYZ has embraced these changes to stay competitive. The company has invested in research and development, resulting in innovative product offerings and improved manufacturing processes. Additionally, Corporation XYZ has utilized technology to optimize its supply chain management, enhance customer experience, and support data-driven decision-making. These technological advancements have helped Corporation XYZ maintain its competitive edge and adapt to changing market demands.

Industrial Organization Model and Resource-Based Model Analysis

The industrial organization model and the resource-based model provide frameworks to analyze Corporation XYZ’s ability to achieve above-average returns.

According to the industrial organization model, Corporation XYZ can attain a competitive advantage by analyzing the external environment and positioning itself to exploit industry opportunities and mitigate threats (Competitive Environment Analysis in Strategic Management, n.d.). Through strategic analysis of the industry structure, competitive forces, and market dynamics, Corporation XYZ can identify areas where it can differentiate itself from competitors and create value for customers. This model suggests that Corporation XYZ can earn above-average returns by focusing on factors such as cost leadership, product differentiation, or niche markets.

The resource-based model emphasizes the role of internal resources and capabilities in achieving sustained competitive advantage. Corporation XYZ should identify its unique resources, such as intellectual property, proprietary technology, skilled workforce, and strong brand reputation. By leveraging these resources, Corporation XYZ can develop a distinctive competitive advantage that is difficult for competitors to imitate. Furthermore, the company should continuously invest in and develop its resources to ensure long-term success.

Vision and Mission Statement Influence

Corporation XYZ’s vision and mission statements play a crucial role in guiding its overall success. The vision statement outlines the company’s aspirations and long-term goals, while the mission statement defines its purpose and strategic direction. 

A well-crafted vision statement inspires employees, aligns their efforts, and creates a sense of purpose. It provides a clear direction for future growth and helps Corporation XYZ focus on its core competencies (Edwards, 2014). By aligning its activities with the vision statement, Corporation XYZ can make strategic decisions that contribute to its overall success.

The mission statement communicates Corporation XYZ’s commitment to its stakeholders, including customers, employees, shareholders, and the community. It reflects the company’s values and sets the foundation for ethical business practices. A strong mission statement helps build trust and credibility with stakeholders, enhancing the company’s reputation and fostering long-term relationships.

Impact of Stakeholders on Corporation XYZ’s Success

Corporation XYZ’s success is influenced by various stakeholders, including customers, employees, shareholders, suppliers, and the community.

Customers are critical stakeholders as they drive revenue and determine the company’s market position. Corporation XYZ must understand customer needs and preferences to deliver high-quality products or services and maintain customer satisfaction. By building strong relationships with customers, Corporation XYZ can secure customer loyalty and achieve sustainable growth.

Employees play a vital role in Corporation XYZ’s success by contributing their skills, knowledge, and dedication. Ensuring employee satisfaction, providing opportunities for professional growth, and fostering a positive work environment are essential to attract and retain top talent. Engaged and motivated employees enhance productivity, innovation, and customer service, leading to improved overall performance.

Shareholders invest capital in Corporation XYZ and expect a return on their investment. The company must demonstrate financial performance and provide transparency in its reporting to maintain shareholders’ confidence (Rappaport, 2014). Effective communication and alignment between management and shareholders are crucial for sustained support and long-term success.

Suppliers are essential partners in Corporation XYZ’s value chain. Maintaining strong relationships with suppliers ensures a reliable and cost-effective supply of inputs, contributing to operational efficiency and product quality. By working collaboratively with suppliers, Corporation XYZ can enhance its competitiveness and respond to market demands effectively.

The community and broader society also impact Corporation XYZ’s success. Engaging in corporate social responsibility initiatives, supporting sustainable practices, and maintaining a positive public image are critical for long-term success. Positive relationships with the community and stakeholders outside the company contribute to a supportive business environment and can lead to increased customer loyalty.

Conclusion

Globalization and technology changes have significantly impacted Corporation XYZ, offering both challenges and opportunities. By effectively responding to these changes, Corporation XYZ has expanded its market reach and enhanced its competitive advantage. Applying the industrial organization model and the resource-based model, Corporation XYZ can continue to achieve above-average returns by capitalizing on industry opportunities and leveraging its unique resources. The company’s vision and mission statements guide its strategic decisions, while stakeholders play a crucial role in shaping its overall success. By understanding and effectively managing the needs and expectations of stakeholders, Corporation XYZ can maintain its competitive edge and achieve sustained growth.

References

competitive environment analysis in strategic management. (n.d.). https://www.constructivealps.net/pvlclamr/competitive-environment-analysis-in-strategic-management 

Edwards, J. (2014, September 12). Vision, Mission, and Goals. Pressbooks. https://opentextbc.ca/strategicmanagement/chapter/vision-mission-and-goals/ 

Rappaport, A. (2014, August 1). Ten Ways to Create Shareholder Value. Harvard Business Review. https://hbr.org/2006/09/ten-ways-to-create-shareholder-value