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Bsc in Management Studies - Business Environment-Coursework- Firstgrade
Pages 8 (2008 words)
All the strategy making process therefore takes into account the impact of the changes in the external environment and how the same can influence the organization.
This report discussed…
Report also discussed as to how Intel captured the personal computer processor market and completely revolutionized it. However, the emerging trends on mobile computing suggest that the Intel may be lagging behind in this segment of the business. Extensive competition in the chip business for the smart phones and tablet computers has resulted into the vanishing of Intel’s traditional competitive advantage in the market. Trends suggest that the manufacturing of personal computers- a segment where Intel is market leader despite the fact that it’s getting tough competition from AMD- is shrinking. This reduction into the personal computer manufacturing therefore could result into the loss of market share for Intel.
External business environment plays a key role in shaping the current and future strategies of a firm. Learning organizations therefore always attempt to understand and explore their business environment and subsequently adjust and develop their business strategies in such a manner which can offer them competitive advantage in that business environment. The business environment of a firm can include different factors such as political, legal, industry dynamics and their overall power and ability to shape the competition, social and economic factors besides the environmental factors. These factors often pose significant challenges to the firms and force them to account for the changes happening at different level. (Kew, & Stredwick, 2005, p14).
Intel is the leading semiconductor chip maker in the world and is based in California, US. Intel works in an industry where technology rapidly changes and the overall pace of change is quite rapid. Such an environment therefore requires the firms like Intel to continue to develop and invest heavily in research and development. Further, the trends are shifting towards mobile computing and more and more ...
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