StudentShare solutions
Triangle menu
  • Home
  • Subjects
  • Miscellaneous
  • The shift by manufacturing and service firms from acting as standalone entities, to being parts of wider networks of firms, may have important implications for

The shift by manufacturing and service firms from acting as standalone entities, to being parts of wider networks of firms, may have important implications for - Essay Example

Not dowloaded yet

Extract of sample
The shift by manufacturing and service firms from acting as standalone entities, to being parts of wider networks of firms, may have important implications for

The strategy is the choice which leads an outcome, and among different strategies the company chooses the one that suits better with the company and helps in achieving the best. The term "Comparative Advantage" means that the companies shares the best resources with each other in order to provide various prices of the product that provide the edge for the advantage. The last term "Networks of Firms" means that the firms are now trying to adopt the strategy that were similar to the networking of different departments within a single organizations. The networks of firms between different companies are a simple strategy that is used to provide comparative advantage to the companies involved in networking. The new term the roadmaps is now in used in which the different companies across the world adopt the process of networking through which they use to share information's, technologies and different issues related to business in order to provide a standardized product to the world. Usually this strategy is adopted in order to provide the quality product at a very low cost as the companies are using the cost-effective strategy. The companies use to share their resources, information's and technology that lower their cost when they work alone. The strategy is used in order to capture the global market with minimum uncertainty. The strategy is not even the cost-effective but also it reduces the time cost. The companies do not need to spend their time in allocating resources and information.

From the last few years the departments of a single company is using the techniques of networking. This help in improving the communication levels within the departments and enhance the better management system. Usually this networking helps the prime activities to communicate very efficiently with the support activities. These enhance the quality system and process among the departments. Similar is the case with the roadmaps. The roadmaps development helps in sharing the different resources and information among different companies that enhances the operational cost of each product and provide quality with low price tag on the product. The strategy of roadmaps is only used when you require the standard product and for diversifying the product at global level with minimum uncertainty it is consider that the roadmaps strategy works very well.

Starting our main topic, the Roadmaps, it is very similar to the networking of different departments. But the only thing is that developing the roadmaps is very complicated and complex process and need a lot of time in developing the different phase of the roadmaps. The roadmaps development is divided in three phases. While description of these phases we are using the simple ways rather making it more complex. The very first step or phase is the preliminary which itself consist of three phases or steps. The very first step of the phase 1 is satisfying the essential conditions, the second step is providing leadership or sponsorship and the very last step is defining the scope of technological road map. The step of satisfying the essential condition involves the organizations to satisfy on the rules and regulation in order to work together. Different planning horizons with perspectives are drive out within each organization and thus these are ...Show more

Summary

The article deals in the Roadmaps, the very first section of the article will discuss the three main "Term" which together leads to the term of Roadmaps. Then the next section holds the development phase of the Roadmaps. The last part holds the importance and the criticism on Roadmaps…
Author : ziemannafton
The shift by manufacturing and service firms from acting as standalone entities, to being parts of wider networks of firms, may have important implications for essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The shift by manufacturing and service firms from acting as standalone entities, to being parts of wider networks of firms, may have important implications for"
with a personal 20% discount.
Grab the best paper

Related Essays

Why do firms exist
People today are engaged with a number of firms and businesses in their routine. The questions over the existence, advantages and disadvantages of firms have been answered by different researchers in different ways. The idea, however, lies in the understanding about the firms itself.
12 pages (3000 words) Essay
Diversification of Firms
The business industry is among the growing industries in the world. Several investors are attracted to different business across the globe. This has resulted into increased competition among the players in the local and international markets. The other difficulty comes from the dynamic nature of the market forces and the technological advances that are currently registered.
8 pages (2000 words) Essay
Select two manufacturing multinational firms (one from the US, one from Europe) and select two services multinational firms (one
Service sector tends to be agency based and depends on technology and efficiency to achieve competitiveness. With increasing globalization, the sectors have been forced to develop different strategies to different market segments in the international market .This paper analysis manufacturing and service sectors both in Europe and United States.
9 pages (2250 words) Essay
Small Firms in UK
Entrepreneurship has provided the platform for individual investment that is the dominant driver for small business achievements. Currently, discourse and political debate focuses on structures to stimulate, support and evaluate enterprise through aid to overcome barriers to growth.
12 pages (3000 words) Essay
Leading Service Firms
They move quickly to adapt the latest tools. They rush to enter what seem to be lucrative new arenas. They ensure that they sell what their competitor sells and try to get competitive advantage over them by including new services or enhancing the features of existing ones.
6 pages (1500 words) Essay
Why hotel firms choose to integrate both vertically and horizontally within the wider tourism industry
The history of development of various hotel corporations, as a rule, testifies, that the level of profit is a result of quality service. The main objective of hospitality operator is to maintain the level of service quality and develop strategies to improve their services.
10 pages (2500 words) Essay
Multinational Firms in Asia
It might be in a bid to seek natural resources that have been depleted in the country of origin or it might even be to capture potential and as yet untapped markets. Most Asian countries have only come to be recognized as economies with potential in the past three decades or so.
8 pages (2000 words) Essay
IT firms in India
The research would help to determine the right mode of entry by the IT firms in India. The research is proposed to be based mainly on literature review supported by interviews of the CEOs that have invested abroad. Their experiences and performance would be beneficial to test the hypothesis. Ethical concerns will be addressed during the research process.
10 pages (2500 words) Essay
Multinational Firms in Asia
According to the discussion there are several reasons that lead to the need for firms to spread their wings beyond the home base and seek markets abroad. The reasons why firms establish bases in foreign countries are myriad. It might be in search of new markets if the home ones are saturated or if competition has become too stiff.
8 pages (2000 words) Essay
1.It may sound strange that Chinese firms are turning to Bangladesh to make clothes, not least because China is the global leader in clothing manufacturing and exports. But the shift is happening for very obvious reasons. BBC new 29/08/2012. Using
And with such excess supply of labor in relation to demand, it’s but obvious that the wage rates for labor would be less than elsewhere in the world. History has shown at the Chinese have been known all over for their low cost of labor and that’s one of the core reasons
8 pages (2000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation