Examples of Three Directional Strategies for Companies

Growth

Give An Example Of a Company For Each Three Directional Strategies And Where Would You Use These Strategies And How And When?

The company produces mot of their products themselves rather than outsourcing to others.

Helps in understanding the ways in current market scenario(Ahmed, 2016)

This must be used when the company is trying to expand in the same product line by adding more uniqueness and features

They outsource their IT employees from other countries since the IT advancement is more among people from other countries like India.

This strategy is to be used when the company is expanding into new lines of products and markets

This growth strategy can be used when the company has the capacity to develop in terms of products and are also able to give in a tough competition to their rivals

Almaya Group is one of the most well know upper market chains in UAE. Today they have their employees from different countries like U.K, India and many their such parts.

This is a type of diversification strategy where the company carries on with the same kinds of products in the initial phase but later on deals with totally new products (Chen et al., 2019).

Kingsley beverage company has later on developed or spun off into new lines of products like mixers, fruit juices and others.

This is a kind of diversification strategy when the firm enters into a certain line of product that it was never related to in the beginning or the current business.

Gulf Marketing Group (GMG Group) is a retail company that has later on shifted to the other totally new products like games and sports.

This is the deliberate practice of a company to use the safe strategies so that they can actually keep away from the  (Garandet et al., 2019).

JF Street Food that is mainly taking time to watch the market conditions before they can make any kinds of further developments.

No change policy is usually followed when the employees are usually afraid from the change in any current given market condition.

Biz-Group is the company that follows this strategy as they like to stay safe in the market and strengthen their position.

Profit can be used as a growth strategy when the company has reached to its maximum production limits

 (Ahmed et al., 2016)

Abu Dhabi Oil Refining Company (TAKREER) is using this strategy to make sure that their profit margins are being use for the overall welfare.

This will be used to turn around the negative indicators towards the good and the positive aspects

Organic Foods and Café is using the strategy to give totally natural and zero added chemical added food to customers as inorganic food are always going against the notion of the organization.

The company can use this strategy when they sell majority of products to any particular consumer

Business consultancy like AURION business consultancy has the experience of giving solutions to the issues of the customers

This is taking place when the companydoes not have any relative strength like their competitors

In 2016 GE or general electronics have sold their subsidiaries of parents company for their restructuring purpose.

 This can be used as a growth strategy when the business is unattractive and it cannot be further revived.

References

Ahmed, A. D., Modibbo, S., Modu, K., & Muhammad, B. (2016). Effect of Inventory Management on Financial Performance: Evidence from Nigerian Conglomerate Companies. International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering, 10(9).

Chen, L., Wang, L., Cho, D. W., Tsang, D. C., Tong, L., Zhou, Y., ... & Poon, C. S. (2019). Sustainable stabilization/solidification of municipal solid waste incinerator fly ash by incorporation of green materials. Journal of cleaner production, 222, 335-343.

 Garandet, J. P., Camel, D., Drevet, B., Eustathopoulos, N., Huguet, C., Testard, J., & Voytovych, R. (2019). U.S. Patent No. 10,287,703. Washington, DC: U.S. Patent and Trademark Office.

Rosen, V., Luddin, M. R., & Supriyati, Y. (2019). Executive Development for Professionals in A Family Company.