Business Organisation Assignment Example | Topics and Well Written Essays - 3000 words

Business cheek - Assignment ExampleCurrently, it is making a strong presence in the United States and other part of Europe (Ted baker Plc 2006). Its 2006 annual report states that the conjunction has 102 retail outlets comprised of 19 UK stores, 7 overseas stores, 68 concessions, and 8 outlet stores.Since its inception, Ted baker Plc has already imbued itself with the commitment of quality designer clothes. The companys core competence is triple comprising design, product quality, and attention to detail. The company is known to have for applying quirky twists to their products (Ted Baker Plc Annual Report 2006). Thus, Ted Baker has become the official outfitter (Hoovers 2006) for trendy individuals. Instead of trying to capture the mass mart, the company opts to win the buying power of the high-end market who wants quality and top of the line clothing.It is irrefutable that business organisations standardised Ted Baker Plc adopt to cope with the challenges posed by the chang es and developments happening in their external environments. This report will look at how the impact of the evolution of a single global village in the operations and strategical directions. separately recommendation will be back up by analyses utilising management tools and techniques.In order to recommend strategic direction that Ted Baker Plc should t... These tools are designed to reveal the internal factors which affect the performance and well be of the firm. Recognizing that environmental forces are also important, environmental scanning will also be conducted. The conceptual frameworks to be used are Porters generic strategies, Porters five forces model, and SWO analysis.2.1. Porters Generic StrategiesAccording to Porter, companies can stick to three dress hat strategies-cost leadership, market segmentation, and differentiation. Generic strategies are highly commended because they identify a certain area that a company can focus instead of trying to be everything. Thes e definite winning strategies help business organizations to market scope and their competency (Thomson 2004). In its website, Ted Baker Plc states its threefold strategy as considered expansion of Ted Baker collections controlled distribution through main channels-retail wholesale, and licensing and carefully managed development of overseas markets (Ted Baker Plc 2006). As stated above, these strategies are supported by the manufacturers main competences which are design, product quality, and attention to detail. Through these factors, Ted Baker Plc is able to establish an pictorial matter of quality and trend which sets it apart from its other competitors. Even though clothing is very much like a homogenous good, the business organisation is able to define itself and create an image in the instinct of consumers. In line with Porters generic strategies, it is apparent that the company is banking on a differentiation strategy for success. Ted Baker offers not just any other ordin ary clothing company. Standardstyle states that the companys products are