Strategic Management and Strategic Competitiveness Research Paper - 1

Strategic Management and Strategic Competitiveness - Research Paper Example However, in the past few years, the company has implemented different changes in its business processes to offer its products. The top management of Amazon.com with the support of its founder Jeff Bezos, separated the trading platforms with on geographical grounds such that individual trading sites are developed to offer the products and services for consumers of UK, USA, Canada, Japan, China, Germany, France, Italy and other countries. There are two main reasons for bringing such global change in its business operations. Firstly, Amazon.com targeted the specific consumer needs for each geographical territory and aimed at catering the local customers through local platforms i.e. a decentralized platform. Secondly, the company managed to invest in the logistics and operations in different parts of the world on local basis. This means that the company has established the local supply chain in different countries and the products are not shipped from its global warehouses to a customer in a particular country, rather local orders are fulfilled through using local warehouses and logistics. Industrial Organization Model and Resource based Model Industrial organization model reflects that the external environment of any business poses a large influence upon the earnings of an organization as compared to the internal environment of any business (Johnson, Scholes, & Whittington, 2008). Amazon.com initially opted a business of e-retailing the books and similar reading content material and kept polishing this product line. However, this product line turned out to be a niche market for Amazon.com, as the company’s earnings remained stuck because several other online book retailers saturated this market as well as the market itself lost its momentum and showed a declining phase. Realizing this phase at an early stage, the top management of Amazon.com decided to enter into new product lines while staying as an e-retailer. New product lines provided Amazon.com a bette r opportunity to penetrate into other industries rather quickly as well as earning above average returns because of having an already established supply chain. From the resource based model perspective, the resources, which Amazon.com currently has, are quite capable of providing it the competitive advantage (Pitts & Lei, 2006). The most promising and trustworthy resource is the logistics and supply chain infrastructure. The company has developed its logistic infrastructure across the world on local basis such that if the specific consumer of a country orders a product, that product can be delivered through local supply chain within the least amount of time. Another resource which acts as a competence to Amazon.com is its highly dependable and secure Web-based IT infrastructure which ensures the safe transactions and privacy elements for the customers and eliminates the likelihood of system failure. Impact of Mission and Vision Statement Following are the mission and vision statemen ts of Amazon.com: Mission Statement â€Å"We seek to be Earth’s most customer-centric company for four primary customer sets: consumers, sellers, enterprises, and content creators.† (Amazon.com, 2012). The above mission statement of Amazon.com provides the company a room for several different areas such as the company has not confined its purpose of business operations to a specific

Business Law Essay Example | Topics and Well Written Essays - 750 words - 4

Business Law - Essay Example However, under the intention to contract, neither of the parties had the intention to contract because Bob only offered a gift to Ted as a form of gratitude for helping him. Therefore, since there was no intention to contract, then it implies that there was no existing contract between Bob and Ted. The element of consideration also indicates that there had been no existing contract between the two parties (Burton, 2009). Under the element of consideration, a gift is different from a contract. A gift is a cost-free and voluntary conveyance of property from one individual to another (Stone, 2008). Therefore, it does not serve as fulfillment of a promise. Therefore, Ted cannot sue Bob for failure of paying him the $100 since there was no existing contract between them. Question Two (a) Betty’s contract is indeed valid since there was an offer to contract, made by Betty, which the owner of the local sporting goods store accepted. The element of consideration also exists in the con tracts since; Betty gave out her collection of dolls for the bat, ball and glove. Both parties also intended to contract because; they both expressed willingness to reach into an agreement, which they both fulfilled. However, in the case of capacity to contract, Betty had no capacity to contract since, under the law, she is an infant. ... Therefore, Betty can indeed get out of the contract since; the law does not view her baseball items as necessities. Question Two (b) In the case where Betty had contracted to exchange her doll collection for shoes and clothes, she will not be able to get out of the contract since; she will now be bound by the contract. The law defines necessities as all goods that infants require, and are suitable to the infant’s conditions at the time of sale and delivery (Feinberg, 2005). Therefore, shoes and clothes are necessities because, Betty had worn out clothes and; therefore; she needed the clothes. Consequently, in this case, the contract binds the infant (Betty) and thus she will not be able to get out. Question 3 (a) An intended beneficiary is an individual who is a third party to the contract apart from the other two basic parties to the contract. The individual benefits from the contract when one party (the promisee) gets into an agreement with another party (the promisor) to pr ovide services to the promisor while the third party (intended beneficiary) receives the benefits (Feinberg, 2005). Therefore, the promisee must intend to benefit the third party. Ethel is indeed an intended beneficiary of the contract because she is benefitting from services that Dan is receiving from Jen. Although she is not part of the contract between Dan and Jen, she benefits through Jens intention. Question 3 (b) The contract between Dan and Jen must indeed be in writing in order to ensure certainty of transactions and future security. According to the element of formalities, the requirement of writing prevents fraud by either of the parties (O'Sullivan & Hilliard, 2006). A party to a contract may perpetuate fraud by insisting that there is no