Fifth Section Essay Example | Topics and Well Written Essays - 500 words

Fifth Section - Essay ExampleOne-year strategic objectives are to identify a market which most effectively exploited its capabilities, the market for cordless segments, and develop this market. The brand in turn should acquire a distinctive identity. That combination, a establishment of production which gives the company a particular advantage in its chosen market segment, a world-wide reputation for product quality, and a brand which immediately identifies the aims and aspirations of its customers, lead make Able Corporation one of the most profitable manufacturers. Five-year strategic objectives are (1) to develop innovative products and solution which meet needs of target earreach and allow Able Corporation to sustain strong market position (2) to penetrate new market segments of PEPT (3) to become a leader in cordless market segment. A ten-year strategic objective include (1) to transform itself from a medium-ranking company with uncertain future to Europes leading PEPT produc er (2) to build two plants in Eastern Asia and (3) to penetrate Asian market (3) increase market share in 50 % (McDonald, Christopher 2003).Business strategy looks at the relationship between the hearty and its competitors, suppliers, and customers in the markets which it has chosen.