Three Revolutionary Sources of Business Upheaval and the New Business Strategy

Business & Finance, Management & Leadership, Management
Cover of the book Three Revolutionary Sources of Business Upheaval and the New Business Strategy by Yanhui Zhang, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Yanhui Zhang ISBN: 9783638379335
Publisher: GRIN Publishing Publication: May 19, 2005
Imprint: GRIN Publishing Language: English
Author: Yanhui Zhang
ISBN: 9783638379335
Publisher: GRIN Publishing
Publication: May 19, 2005
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2003 in the subject Business economics - Business Management, Corporate Governance, grade: 2,0, University of Northampton, 19 entries in the bibliography, language: English, abstract: Demos, Chung and Beck stated in their paper ' The New Strategy and Why It Is New' (2001) that the traditional approach of strategy to create and protect long-term defensible competitive advantage in the marketplace no longer holds in the new millennium. Their arguments were based on three revolutionary sources of business upheaval: 1) New and disruptive technologies; 2) Deregulation and globalization; 3) Capital markets. These revolutionary changes in global and sectoral economies have converted the traditional linear value chain into a 'three-dimensional value constellation', 'where both threats and opportunities can arise more easily in almost any one of a firm's competencies or capabilities'. To solve this problem, traditional ways of developing strategies must be changed. They further pointed out the way out in the changing environment that 'traditional strategies aimed only at shaping and protecting long-term positions need to be supplanted by a focus on continuous transformation, to forge capabilities required to win the next game ...' This paper agrees on this point of view and will combine this new strategic thinking with practice by analysing two worldwide successful multinationals: IKEA and Canon, to demonstrate how the new strategy functions and determines companies' success in the new millennium.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2003 in the subject Business economics - Business Management, Corporate Governance, grade: 2,0, University of Northampton, 19 entries in the bibliography, language: English, abstract: Demos, Chung and Beck stated in their paper ' The New Strategy and Why It Is New' (2001) that the traditional approach of strategy to create and protect long-term defensible competitive advantage in the marketplace no longer holds in the new millennium. Their arguments were based on three revolutionary sources of business upheaval: 1) New and disruptive technologies; 2) Deregulation and globalization; 3) Capital markets. These revolutionary changes in global and sectoral economies have converted the traditional linear value chain into a 'three-dimensional value constellation', 'where both threats and opportunities can arise more easily in almost any one of a firm's competencies or capabilities'. To solve this problem, traditional ways of developing strategies must be changed. They further pointed out the way out in the changing environment that 'traditional strategies aimed only at shaping and protecting long-term positions need to be supplanted by a focus on continuous transformation, to forge capabilities required to win the next game ...' This paper agrees on this point of view and will combine this new strategic thinking with practice by analysing two worldwide successful multinationals: IKEA and Canon, to demonstrate how the new strategy functions and determines companies' success in the new millennium.

More books from GRIN Publishing

Cover of the book The Evolution of the Social Contract by Brian Skymrs by Yanhui Zhang
Cover of the book Repräsentation von Herrschaft im Mittelalter by Yanhui Zhang
Cover of the book The Emmett Till Case As a Catalyst for a United Effort against Racial Discrimination in the US by Yanhui Zhang
Cover of the book Impaired Language Acquisition by Yanhui Zhang
Cover of the book How effectively have US-Presidents attempted to overcome the limits to their power? by Yanhui Zhang
Cover of the book Recent changes in the constitution of Great Britain by Yanhui Zhang
Cover of the book Current Questionnaire Generation Tools - A Market and Product Overview by Yanhui Zhang
Cover of the book Meaning and cognition - The development of categorisation, concepts and prototypes by Yanhui Zhang
Cover of the book Travel & Tourism: How far have women's and young girls' travel experience differed from men's in the 19th century? by Yanhui Zhang
Cover of the book Career Management in times of rapid change by Yanhui Zhang
Cover of the book Caryl Churchill's 'Top Girls' - feminism vs. culture by Yanhui Zhang
Cover of the book National Human Rights Institutions as a means to foster Good Governance and Human Rights in Developing Countries by Yanhui Zhang
Cover of the book Human Occupation. Introduction to the theory and practice of occupational therapy by Yanhui Zhang
Cover of the book A study of opportunities and threats emerging from the current and likely future tourism development in Dubai by Yanhui Zhang
Cover of the book What motivates suicide terrorism? by Yanhui Zhang
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy