Precision Steel Plc

Essay by vinaypatil85University, Master'sA, March 2009

download word file, 21 pages 0.0

INDEX1. Introduction............................................................................................................32 (a) Marketing Initiatives Concerning Gambert Fabrigue andCustomised Sections Market.............................................................................52(a) (i) Volumes..........................................................................................................52 (a) (ii) Delivery Performance (reliability).............................................................62 (a) (iii) Delivery Performance (Speed)..................................................................72 (a) (iv) Gambert Fabrique.....................................................................................82 (a) (v) Customised Sections....................................................................................92 (b) Identification of strategic implications forMarketing and manufacturing........................................................................102 (b) (i) Volumes (tonnes).........................................................................................102 (b) (ii) Market and Volume Fragmentation........................................................112 (b) (iii) Delivery Performance...............................................................................132 (c) Executive summary and strategic proposal...................................................153. References and Bibliography...............................................................................171. INTRODUCTIONStrategyStrategy is defined as the plan or pattern that integrates an organisation major goals, policies and action sequences into a cohesive whole. Strategic management is about envisioning and realizing the future means it requires that strategy should provide both an idea of the future and generate the action necessary to realize that idea. Strategic management is about implementing strategy to achieve benefits in the future.

Corporate StrategyCorporate strategy defines the business in which the organisation will compete, determines the long term objectives and identifies the courses of action and allocation of resources.

A corporate consists of number of businesses or activities. A corporate strategy as well as business strategy will be required for each of the separate business. Corporate strategy addresses the issues of a multi business enterprise as a whole.

Business StrategyA business strategy describes how a particular business intends to succeed in its chosen market place against its competitors. It defines and secures the future of that business.

Market placeMarket place is a place where the exchange of goods and services takes place.

Market place is defined as the position of a company and the place it holds within different segments of a particular firm. Market place can be further sub grouped into:Market description:The different segments of any particular market where the different products of the company are established are on the whole called as a market description.

Market segmentation:It is the aggregating of different buyers...