EMC Plc Strategic Management Essay Example | Topics and Well Written Essays - 4000 words

EMC Plc Strategic Management - Essay ExampleWhats more, existing companies have barriers to new entrants much(prenominal) established grocery strength and shares of the already established firms, cumbersome process of registration, high initial upper-case letter outlay, and developed brand loyalty amongst existing customers. As such, new entrants are likely to find it challenging to penetrate into such existing grocery stores and industries calling for efficient and effective strategies. Regarding established industries and market, self-propelling labor and market is one of the deeply established with many players but controlled by few. Some of the great players within the industry include GM, Ford, Daimler, Chrysler, Toyota, Honda, Nissan, Peugeot, Renault, Hyundai Motor, Mazda, and Fiat amongst others (Nieuwenhuis & Wells, 2005 p 69). European Motor Company (EMC) operated as part of a big(p) industrial conglomerate with interests in the aerospace, defence and medical sectors before is acquisition several years past to an self-propelling group who made significant investment in the company for a few years. Nevertheless, the automotive group felt unable to support the business any further because of a rapidly declining market share. The following is an analysis of EMC Plc and the automotive industry. Main analysis of this paper focuses on both internal and away market factors. Attaining such an analysis is possible through various strategic management tools and models such as PESTLE, SWOT, Porters Five Forces, and Critical Success Factors that have so far been of importance to the organization. In addition, this analysis focuses on strategic direction of EMC Plc covering a period of 5 years (Nieuwenhuis & Wells, 2005 p 75). Such strategic direction employs the use of strategic defining tools and concepts such as mission, vision, overall bearing markets, strategic rationale, as well as financial objectives. The analysis winds up by providing strategic growing and progress coupled with reflective portfolio. In order to attain these, the paper is divided into three move with different sections. Part 1 Initial Strategic Position and Intentions 1.1 External and Internal Initial military position Industries and firms face different factors both from within and outside. External environmental factors refer to those that business organizations and industries have no control over for instance, political, economical, socio-cultural, technological, legal, and environment. On the other hand, internal environmental factors are those that a firm or industry may control such as the strengths, weakness, threats, and opportunities (Watson & Head, 2009). The following discussion uses various tools to explain automotive industrys environmental factors and their effects on EMC Plcs operations. 1.1.1 PESTLE Analysis EMC Plc is likely to inhabit political, economical, socio-cultural, technological, legal, and environment as illustrated in Appendi x 1(a). EMC Plc experiences political stability and advantages from various political factors such as degree of government involvement in business activities, the serene political atmosphere that European