Business & Economics of Strategy Essay Example | Topics and Well Written Essays - 2250 words

Business & Economics of Strategy - try ExampleHowever, the regimen still holds an important role to play prior to the success of the constancy. Porter believed that the government has an important role to play prior to the success of a company or an industry in general (Porter, 1990). The government has substantial control in the business sector because it is its task to provide a promising For instance, the governments lack of focus attention towards the automotive sector and inconsistency when it comes to semipermanent strategic policy framework give up considerable impacts on the UKs auto industry (House of Commons, 2009 Holweg et al. 2009). This has create one of the specific weaknesses of the sector. In short, the UKs auto industry is dependent on the governments important policy and procedure. The Automotive Products Trade Agreement affected Canada because of the economic downturn. This in return brings transport positive association between politics and performance of th e auto industry. The issue of global warming encourages the railway car manufacturing industry to go for alternative designs that will minimize fuel consumption and green house bluster emission. This is in line with government policies especially in Europe to take considerably the issue of global warming. ... Sales for car have substantially decreased and car manufacturing companies have feared the eventual impact of this in their business. Social analysis Distracted by the aftermath of economic downturn, customers are more willing to via media the need for a car. In a society where economic activity is unstable plus anoint crisis has substantial impact, having a car is considered a luxury. People are most likely to go for their canonic needs first and set aside other secondary needs in life. In the middle of oil crisis and economic downturn, public transportation was in demand. This is also influenced by educating the people about the affirmable implications of too much gr een house gas emission that most of it comes from automobiles. This only shows that social shapes have important impacts on the auto industry. In short, social business environment is another important consideration for the automobile industry in order to create a substantial need for its offerings. Technological Analysis Grant (2009) pointed out that in order for a company to have long-term survival thither is a need to consider resource and capability base upgrades. In line with this, the auto industry is consistently observed to promote different car models suited to the ongoing cut off and created needs by dint of technological innovation. Toyota is known to produce cars that are known for their cutting-edge technology. Part II. Industry Analysis The automobile industry is good at stimulating demand or needs for their products. In fact, it is the latest trend of every company to stimulate needs for their product and service offerings (Kotler et al., 1999 Boone and Kurtz, 2006 ). Car companies from Asia, Europe, North America and