Thursday, July 25, 2019
The Structuring of the Organization Essay Example | Topics and Well Written Essays - 1500 words
The Structuring of the Organization - Essay Example Establishing a successful car factory in the car industry must account for prior, current and possible future trends in the car industry. Planning and implementing a project that would make it possible to realize success in operations and performance must significantly counter or fundamentally actualize countermeasures of the possible problems that the car factory is likely to face, relative to the performance of the entire industry. In such a pursuit, leadership must be critically positioned in every aspect of the industry in order to minimize problem effects and enhance the success of the business. There are variant problems that the car factory would face in the industry, but leadership should be availed to combat all underlying problems. Different industries across the globe are characterized by stiff competition between the firms that make up such industries. Business enterprises within the industry setting engage each other in stiff competition for a significant market share that favors the continuity of the business aspects of every single enterprise (Robbins, Judge & Sanghi, 2009, p.218). The competitive advantage of a firm is determined by a number of factors, all of which are influential in the market. The objective to satisfy consumer needs is relative to product qualities and pricing policies. Consumer tastes and preferences must also be accounted for in the competition process since the ultimate concern is to be in business by engaging consumers to buy. High competition in the car industry is a problem due to the already established businesses in the same line. Existing firms are often preventative of the market, and they try to make the environment unfavorable for new entrants. Setting up a car factory cannot fail to consider this aspect of competition. In order to effectively tackle high competition problems, leadership practices etc.