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MGT300 Advanced Thermal Solutions

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MGT300 Advanced Thermal Solutions

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MGT300 Advanced Thermal Solutions

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Course Code: MGT300
University: DePaul University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Question:

What are our strategic strengths and weakness that will determine our future?
Internal capability analysis, resources are both our tangible and intangible assets. Capabilities are the processes, systems or ways of coordinating and combining resources to gain a competitive advantage.
Complete the table below by describing our strengths and weaknesses compared with our competitors.
Question for discussion and reflection: what are the organisations two greatest strengths and weaknesses?  

Answer:

Industry Analysis
The next stage of our external analysis is to identify industry characteristics in order to determine if the industry is worth entering or staying in. We do this by applying the ‘five forces of competition model’.

Element

Description of the trend, issue or change

The impact will be:
Low, medium or high?
Positive or negative?

 
Evidence to support this analysis

Competitive rivalry
 

The trend of sea recreational options makes more and more businesss investment in the industry, this gives rise to new companies.
 

 
 
High; negative
 
 
 

Wang, H.-L. (2014). Theories for competitive advantage.

Threat of new entrants
 

The demand in this section is only increasing attracting more and more companies to join the industry.

High;
Negative
 
 
 

Collins, J. (2013). Multiculturalism and Immigrant Integration in Australia. Canadian Ethnic Studies, 45(3), 133–149.

Substitutes
 

The presence of too many competitors increases the risk of substitute for the company.

High; Negative

Jackson, M. V., Kennett, R. M., Bayliss, P., Warren, R., Waina, N., Adams, J., … Woolagoodja, K. (2015). Developing collaborative marine turtle monitoring in the Kimberley region of northern Australia. Ecological Management and Restoration, 16(3), 163–176.

Bargaining power of customers
 

The customers have many options in the industry which makes the power of the customer high.

High; Negative

Wang, H.-L. (2014). Theor ies for competitive advantage.

Bargaining power of suppliers
 

The abundance of suppliers make the bargaining power low in the industry.

Low; Negative

Wang, H.-L. (2014). Theor ies for competitive advantage.
 

Question for discussion and reflection: How attractive is the industry to this organisation?
At present, the Tudor company is faced with challenges in every aspect of the industry. The company is ages old and has not been successfully operating along with modern time. The company is using the traditional equipments and designs which are avoided by the customers as well. The government has released notice to stop the type of boats Tudor is producing for the safety purpose. All the mentioned factors make the industry unattractive to this organisation.

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