Business Admin Capstone Week 3

Business Admin Capstonebus499005va016 1204 001week 3business Admin C

Assess how globalization and technology changes have impacted the corporation you researched.

Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns. Assess how the vision statement and mission statement of the corporation influence its overall success. Evaluate how each category of stakeholder impacts the overall success of this corporation. Go to Basic Search: Strayer University Online Library and locate at least three quality references. Note: Wikipedia and similar Websites do not quality as academic resources.

Use the Assignment 1 Template [DOCX] to ensure that your assignment meets the above requirements. Your assignment must follow these formatting requirements: This course requires use of new Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details. Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow SWS or school-specific format.

Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcome associated with this assignment is the following: Determine the impact of globalization and technology changes, strategic models, vision and mission statements, and stakeholders on a corporation's success. Grading for this assignment will be based on answer quality, logic and organization of the paper, and language and writing skills, using the scoring rubric.

Paper For Above instruction

In the contemporary landscape of global business, understanding how external and internal factors influence organizational success is paramount. This paper explores how globalization and technological advancements have impacted a chosen corporation, applies strategic models to assess its potential for above-average returns, examines the influence of its mission and vision statements, and evaluates stakeholder impacts. These analyses provide a comprehensive view of strategic management in a globalized, technology-driven environment.

Impact of Globalization and Technology on the Corporation

Globalization has significantly reshaped the operations and strategic outlook of many corporations, enabling access to new markets, fostering competitive pressures, and encouraging innovation (Friedman, 2005). Advanced digital technologies such as cloud computing, artificial intelligence, and data analytics have revolutionized how companies manage supply chains, customer engagement, and internal processes (Brynjolfsson & McAfee, 2014). For example, a multinational technology firm like Apple Inc. has expanded its global footprint enormously, leveraging technological innovations to streamline manufacturing, enhance product features, and reach a diverse international customer base (Apple Inc., 2022). These developments have increased competition but also created opportunities for firms to capitalize on new markets and efficiency improvements.

Applying Strategic Models to Achieve Above-Average Returns

The industrial organization (I/O) model posits that external industry conditions primarily determine profitability (Porter, 1980). Using this model, a company like Amazon operates within an industry characterized by high growth potential due to e-commerce expansion and technological innovation. The company's strategic focus on cost leadership and vast logistics network allows it to outperform rivals (Huang & Rust, 2021). Additionally, the resource-based view (RBV) emphasizes leveraging unique resources and capabilities—such as Amazon’s advanced data analytics, brand reputation, and technological infrastructure—to generate sustained competitive advantage (Barney, 1991). By investing in proprietary technology and customer data, Amazon can differentiate itself, command customer loyalty, and earn above-average returns.

Influence of Mission and Vision Statements

The mission and vision statements serve as guiding frameworks that shape strategic priorities and foster organizational coherence. Amazon’s mission “to be Earth’s most customer-centric company” directs its relentless focus on customer service, innovation, and operational efficiency (Amazon, 2023). This focus not only guides decision-making but also motivates employees and attracts customers. The company's vision “to offer everything to everyone” encapsulates its aspiration to dominate multiple sectors through technological innovation and customer satisfaction. These statements reinforce corporate culture and influence strategic planning, ultimately impacting market performance and stakeholder confidence (Kaplan & Norton, 2004).

Stakeholder Impact on Organizational Success

Stakeholders—ranging from shareholders and employees to customers, suppliers, and communities—play vital roles in shaping corporate outcomes. Shareholders’ expectations for profitability influence strategic choices and resource allocation. Employees' skills and motivation drive innovation and operational efficiency. Customers demand quality products and services, influencing product development and branding strategies (Freeman, 1984). Suppliers impact cost structures and supply chain reliability. Community and regulatory stakeholders affect corporate social responsibility initiatives and compliance (Mitchell, Agle, & Wood, 1997). Effective stakeholder management fosters trust, enhances reputation, and sustains competitive advantage, which is essential for long-term success.

Conclusion

In a rapidly evolving global economy driven by technological innovation, corporations must adapt strategically to maintain competitiveness. External factors like globalization and technology foster opportunities and challenges alike. Applying strategic models such as the industrial organization and resource-based view provides insights into how companies can achieve above-average returns. The clarity and alignment of mission and vision statements further shape organizational identity and stakeholder relations. Ultimately, managing stakeholder interests effectively is critical for sustainable success. As companies navigate these complexities, strategic agility and stakeholder engagement emerge as crucial determinants of long-term performance in the modern business environment.

References

• Apple Inc. (2022). Form 10-K Annual Report. https://www.apple.com/investor/
• Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.
• Brynjolfsson, E., & McAfee, A. (2014). The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. Norton & Company.
• Friedman, T. L. (2005). The World Is Flat: A Brief History of the Twenty-first Century. Farrar, Straus and Giroux.
• Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Pitman.
• Huang, M.-H., & Rust, R. T. (2021). Engaged to a Brand: The Role of Customer Engagement in Building Consumer-Brand Relationships. Journal of Service Research, 24(2), 213-236.
• Kaplan, R. S., & Norton, D. P. (2004). Strategy Maps: Converting Intangible Assets into Tangible Outcomes. Harvard Business School Publishing.
• Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a Theory of Stakeholder Identification and Salience. Academy of Management Review, 22(4), 853-886.
• Porter, M. E. (1980). Competitive Strategy: Techniques for Analyzing Industries and Competitors. Free Press.
• Amazon. (2023). About Amazon. https://www.aboutamazon.com