It is evident that every company has competitive advantages which allow to provide best products or services for customers. These unique features ensure competitive capacity of a business. This essay will examine the business strategies of two companies - Microsoft and Sony – in order to assess the strengths and weaknesses of their competitive advantages. Sony is one of the leading corporation producing audio, video, communications and information technology products. Founded in 1946, Sony was a pioneering company in many fields and led the market during the twentieth century. Managed by Akio Morita, the company stayed ahead of technological progress, and its leaders devoted a large part of the working time finding how to use its achievements for the benefit of ordinary consumers. Driven by the idea does not hold, but create new markets, Sony played a pioneering role for a long time and gained a leading position in the sector, which we now call "consumer electronics". Here are some innovations of the company: - Transistor radio that made available a reliable and affordable high-quality sound. - Television semiconductors, reliable, functional, and less power consuming than its predecessor. - Trinitron format, improving the quality of color television. - Betamax video recording format. - Creation of camcorders, opening a whole world for the amateur filmmakers. - «Walkman» player which gave people an opportunity to take a recorded music with them on compact cassettes. -
Film dates back all the way to the 1880’s where the first cameras were being produced. It was an exciting time for the whole world with this new technology. Over the years, while the cameras continued to improve, film did as well. The first film came out around 1905 and it turned out to be a huge hit. Through out many years, film improved rapidly and the problems of the world begin to appear in them.
Also, in 1951, the first flash camera was invented which helped enjoy sports, in a way that anyone could go watch their favorite sports and get good quality pictures during the day or at
Thomas Edison was one of many inventors that tried to add music and speech to films. The year 1927 marked the end of silent film. Engineers at Western Electric came up with the vitaphone, with the backing of Warner Bros. Studio. Soon subtitles were replaced with sound. Movies advanced one way by adding a multiperson camera and lighting crew in 1927.
Resources and Capabilities VRIO Framework V R I O Competitive Implication Strong corporate culture + + + + Sustainable competitive advantage Strong investment in R&D + + + + Temporary competitive advantage Outstanding customer service + + + + Sustainable competitive advantage
the invention of the radio introduced the people to different lifestyles and their way of living. “The movies taught people how to dress, talk and appear sexy. ”Society clearly took an impact during the 1920’s and were influenced on how they talked and acted which changed society. The invention of television also helped the sports industry. The number of fans doubled along with the money brought in from entertainment.
Hollywood and the Movie Industry The 1920’s was an era of great transformation in the realm of the film industry. Hollywood created the merriment that entertainment brought. With that, it introduced a way of contentment to the entire world. The film industry truly began to flourish in the 1920’s. Thus, Hollywood is considered the birthplace for movie studios.
It notes that stiff competition can reduce the potential profit of like companies. Firms must determine the strategy that will be utilized to gain and maintain the upper hand in the industry, as it relates to price, marketing, competition and the introduction of new and innovative products into the market. The more a company senses competition the intensity of its strategy may increase as it does not only respond to other firms, but also to the industry as a whole. It is natural for firms to respond to competitive moves made by its rival as it will have an effect albeit positive or negative on the industry. Firms may be forced to supply the demands for cheaper but more reliable products or to create differentiated products to maintain the competitive
INTRODUCING BOSE CORPORATION • Bose corporation is a producer of audio premium speaker used in automobiles, commercial broadcasting and individual consumers. • It headquarters is in Framingham, Massachusetts and plants in Michigan, Canada, Mexico and Ireland • Bose corporation has suppliers both locally and across the shore. Foreign materials account for 20% of materials used and rest internally within the state of Michigan.
The 1920's should be remembered as a cynical but carefree time of jazz, gin, and socioeconomic prosperity. Modern cultural norms were drastically affected during this period. Numerous technological innovations evolved, and mass production of technology plagued the United States, ultimately benefiting, and negatively affecting economic, social, and political gestures. Whereas the telephone and radio had already been invented, they became of popular use during the early 20th century, both of which were used to positively alter the entertainment industry. Phonograph technology saw rise during this period, which allowed musicians (such as jazz instrumentalists, whose study is primarily based on improvisation techniques) to produce phonograph recordings
To achieve this, Kodak had to adopt on more than one occasion disruptive technology as technology improved in making the film and film based cameras. The massive success and growth in this era of Kodak’s history brought many things to the table that are still relevant and can be applied by management moving forward. However small it becomes, there will always be a demand for traditional photography products and services where Kodak is the “go to guy” for. But this century of success brought about valuable international presence, made Kodak one of the most known industry names, gave Kodak priceless and efficient distribution channels, and massive financial resources which can all be applied moving
In 1926 the first film with sound was produced. Don Juan developed the “vitaphone” which was a sound- on disk system. The name “vitaphone” derived
It can be said that by means of organisation’s competitive strategy, it can achieve an upper hand in the business market over its rivals. Competitive Advantage offers a beneficial position to business organisations over rivals in regards of some measure like expense, quality, or velocity. An efficient strategy can help an organisation to achieve an upper hand through commitment to its strategic objectives and the capacity to significantly expand execution and profitability (Bartlett & Ghoshal,
Now, like any other company out there in the corporate world, they all come across a point in business where they face a competitive situation, due to either their product line, pricing, or their financial system. According to our
Firstly, the Boston Consulting Group (BCG) matrix that concentrate the market position of different products. Secondly, the experience curve and the Profit Impact of Market Strategies model which identified a number of strategic variables. Furthermore, competitive advantages model (Porter, 1985) which focus on five different forces in environment of organization, but suit with only stable market. Generic strategy was developed strategies under this school, especially it can identify position in the market. Advantages: -Provide content in a systematic way to the existing way of looking at strategy -Particularly useful in early stage of strategy development, when date is analyzed -This school emphasis on analysis and calculation can be a very strong support to the strategy development process -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment
1.2. International expansion Samsung Electronics started as one of the biggest suppliers of international high-tech companies producing chip, battery and memory. After a few years of experience, they extended their activities for the public market by producing TV, screens, micro-waves and so on. Samsung takes advantage of their