MBA533 Motors and More Business Strategy Report Case Assignment
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
MBA533 Motors and More Business Strategy Report Case Assignment
Running head: BUSINESS STRATEGY REPORT 1
BUSINESS STRATEGY REPORT 2
Business Strategy Report: Motors and More
Saint Leo University
Business Strategy Report Motors and More
Motors and More Inc. pursues an ingenious strategy that has enabled it to sustain its competitive advantage in the automotive industry. Nevertheless, the competitors in this industry have also devised some inventive techniques for increasing their market shares and attracting more customers. Many of these competitors have succeeded because of their vibrant HR departments and sound strategic initiatives. The Porter’s five forces analysis of competitive position can aid to evaluate the attractiveness of the company’s business strategy and highlight the nature of the automotive industry where Motor and More primarily operates.
According to Wheelen & Hunger (2012), one of porter’s forces is the threat of new entrants. On the competitive landscape where Motors and More operate, the threat from new entrants is relatively low. This is because this industry is capital intensive and prospective investors require immense capital to compete with the already established firms. Furthermore, there is stringent government regulation overseeing this industry and it is very difficult for new entrants to achieve economies of scale. Since Motors and More Inc. already has the capabilities and resources for operating efficiently, the threat of new entrants does not have a significant implication on its strategic cascade.
The other force that affects business strategy and competitive advantage is supplier power (Noe, Hollenbeck, & Gerhart, 2011). In the automotive industry where Motor and More operates, the supplier power is weak. This is because suppliers are many in number and the materials for manufacturing automobiles such as metal and plastic are widely available. This is advantageous to the company since it can be able to acquire raw material at friendly prices and minimize operational costs (Pearce & Robinson, 2011). The other important force in Porters model is the bargaining power of buyers. In the automotive industry, the buyer power is strong.
There are various reasons for the buyer power being strong. First, the number of buyers is significantly high. Furthermore, the buyers can easily choose among alternative car brands and it does not cost them much to switch to other vehicle brands or use other transportation modes (Iveta, 2012). In order to attract more customers, Motors and More has embarked on a strategy that focuses on product quality and customer responsiveness. The company manufactures customized vehicles and ensures that all its products meet the federal and international specifications governing issues such as safety and sustainability standards.
The threat of substitutes in the industry, which is the other important force, is relatively strong in the automobile industry. This is because there are many alternative modes of transportation with which to choose from including bicycles, planes, trains and motorcycles (Nieuwenhuis & Wells, 2003). These substitutes can provide the same convenience, making them appealing to many customers. Moreover, most of the alternative modes of transportation cost cheaper and are sometimes more environmentally friendly, which can make them attractive choices. Motors and More Inc. has strived to utilize environmentally friendly practices in various spheres of operation in order to ensure that it appeals to its wide customer base.
The other force in Porter’s model is competitive rivalry. As Noe, Hollenbeck, & Gerhart (2011) vividly point out, the intensity of rivalry or competition can have significant implications on the capacity of the firm to generate adequate margins. In the automotive industry, the competition is very stiff. Some of the major competitors of Motors and More include Toyota Motor Corporation, Mazda, Hyundai, Peugeot and Ford. These competitors have invested heavily in research and development (R&D) as well as advertising campaigns to reach more customers. Motors and More strives to confront the competitive rivalry through investment in quality production, continued emphasis on emergent technologies and leveraging on cost effective mediums of advertisement such as social networking platforms. These mediums harnessed by Motors and More have the possibility of reaching a wider target clientele at relatively lower costs and yielding valuable feedback that can help in product developments/modifications (Wheelen & Hunger, 2012).
It is worth noting that strategy plays a very critical role in company performance. First, it helps in creating goal clarity. Management and other senior executives at Motors and More can use strategy to align the operational aspects of the business to the vision and mission of the organization. This can help employees to develop shared goals and synergy needed to meet strategic objectives (Pearce & Robinson, 2011). In addition, strategy is also an important tool for managerial decision-making. The senior management for companies such as Motors and More can use strategic plans to guide them in important decisions such as those related to restructuring, mergers and acquisitions, corporate social responsibility as well as international expansion.
Nevertheless, for business strategy to realize its intended outcomes, various measures must be in place. For example, the senior management should play an instrumental role in all the phases of strategy formulation, design, implementation, control and evaluation (Wheelen & Hunger, 2012). The senior management also has the responsibility of ensuring that it provides all the required resources for successful strategy implementation. Some of these resources include the financial, human capital and material resources. Strategic management allows companies such as Motors and More to understand their internal and external environments via the use of tools such as SWOT analysis, Porter’s five forces analysis and PESTEL. All these can aid management in formulating sound strategic decisions that can translate to overall profitability of the organization (Noe et al., 2011).
From the case, it becomes apparent that various components to the HR strategy will be important for supporting the overall company strategy. First, Motors and More should create a HR Department since it currently lacks one. This department will be responsible for overseeing all the needs of the employees including employee development and employee relations. Another vital component in the HR department should be continued emphasis on training and development. The training should primarily focus on multicultural competence (Iveta, 2012). This is because Motors and More currently have employees from diverse cultural backgrounds but has failed to integrate them into leadership positions. The training will aid to ensure that all employees appreciate and embrace diversity, which is essential for increasing cohesiveness and inclusivity.
The other HR component that will be critical for supporting the overall company strategy will be introducing new incentives for the employees. Even though Moto and More currently offers some incentives, it can motivate more employees through increased financial, material and nonmonetary rewards such as paid vacations (Noe et al., 2011). This will aid to reduce the high turnover rates and increase employee engagement. The other important component will be empowering the HR department with the function of conducting employees’ appraisals and evaluation. This will aid to identify the weaknesses and impediments that are preventing employees from accomplishing their tasks effectively and institute contingency measures for better performance.
Iveta, G. (2012). Human Resources Key Performance Indicators. Journal of Competitiveness , 4 (1), 117-128.
Nieuwenhuis, P., & Wells, P. (2003). The automotive industry and the environment : a technical, business and social future. Cambridge : Woodhead Pub.
Noe, R., Hollenbeck, J., & Gerhart, . (2011). Fundamentals of Human Resource Management (4 ed.). New York, NY: McGraw-Hill/Irwin.
Pearce, J. A., & Robinson, R. B. (2011). Strategic management : formulation, implementation, and control (12 ed.). New York: McGraw-Hill/Irwin.
Wheelen, T. L., & Hunger, J. D. (2012). Strategic management and business policy : toward global sustainability (13 ed.). Upper
MBA533 Motors and More Business Strategy Report Case Assignment
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!
Tired of getting an average grade in all your school assignments, projects, essays, and homework? Try us today for all your academic schoolwork needs. We are among the most trusted and recognized professional writing services in the market.
We provide unique, original and plagiarism-free high quality academic, homework, assignments and essay submissions for all our clients. At our company, we capitalize on producing A+ Grades for all our clients and also ensure that you have smooth academic progress in all your school term and semesters.
High-quality academic submissions, A 100% plagiarism-free submission, Meet even the most urgent deadlines, Provide our services to you at the most competitive rates in the market, Give you free revisions until you meet your desired grades and Provide you with 24/7 customer support service via calls or live chats.