The paper "Global Strategic Management - How to Be a Broad Adaptive Cost Leader" is an outstanding example of a business assignment. Banking, electronics and hospitality are the main industries which can take the UK, Italy and Australia as their key markets. The countries have a large population with disposable income. This makes the countries have a large market for banking services. Due to a large group of affluent customers in these countries, consumer electronic industries can also benefit by making the three countries their key countries. The consumers in these markets are sensitive to trends in the consumer electronics industry.
Innovative consumer electronic can make a lot of sales. This involves home electronics, computers and mobile phone companies. Hospitality industries can benefit a lot by making the UK, Italy and Australia key countries. This is due to the growing tourism sector in the three countries. The countries have favourable business environment and are members of major trade bodies. 3. Benefits of positioning oneself as standardised global niche differentiator. What kind of competitive advantage does it offer? Being a standardised global niche differentiator allows the company to offer the customers products with unique features and characteristics at a reduced price.
Customers are able to enjoy products of high quality and great features. This is practised by Intel who enjoys rapid innovation, high technological features and ability to manage their image. The company is able to lower the consumers’ costs through high-quality products which have fewer chances of a breakdown. The company is able to raise buyer performance. This is due to the fact that the buyer is able to enjoy the product due to the high level of performance.
The company enjoys economies of scale, consistency in brand image, high coordination and reduction of complexity. The strategy helps the company to create a sustainable competitive advantage. This is due to the fact that the product is perceived as unique and gains high reputation than the competitors. The switching costs are very high due to differentiation and uniqueness. The company is able to serve the selected market segment more appropriately. 4. What capabilities are needed to be a broad adaptive cost leader? To be a successful broad adaptive cost leader, the company is supposed to high internal efficiency.
This helps in attaining margin that is able to help the company sustain above the margin returns and costs to the customer. This enables customers to purchase the product. The company is supposed to have the capability to standardise their products. The company is supposed to be capable of maintaining tight control over production and its overhead costs. There is also a need to be able to minimise the costs. This is through reduction of cost of sales, research and development and service-based costs.
The company is supposed to have the capability to reconfigure its value chain as required, determine and control the costs.