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Strategic group map
Strategic group map
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STRATEGIC GROUP MAP
Strategic group map define as a industry that provide similar product to the same segment of the population ( Lyke 2014). With strategic group map it can help the organization to identify direct and indirect competitor beside that strategic group map also able to identify opportunities and strategic issue (strategic group map 2014).
The strategic issue to be concern in tea industry is the amount tea leaves able to produce by the country. Since amount of tea produce by each country is deferent the variables choose for the strategic group map is the “tea leave produce” will be shown on the Y axis.
For x axis the strategic group map it will be the geographical it exported to where this will show how much each country tea industries export tea to another country .This will range from low to high amount of tea exported by each country.
Given the range of tea produce by India there a number of competitor in the world that supply and produce tea. For rationale of economy scale a lot of tea producer countries try to penetrating with existing product by exporting to another country (Senewiratne 2013). In order to capture the competitiveness of these tea industries in the world, strategic group map places prominence of the amount of tea producer and geographical export by each tea industries country.
Through the strategic group map the following can be seen:
I) China seem to be main competitor to the Indian tea industries is China, it can be seen china dominate in term of producer and exportation of tea compare to India tea industries.
II) The product that by each country is similar and the only deferent between each country industries is how much each country can produce and export.
III) India tea industries...
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Sri Lanka Export development board.2014. “Tea.” Sri Lanka Export development board. Accessed April 28, http://www.srilankabusiness.com/find-sri-lankan-suppliers/product-profiles/tea
Tea board of Kenya.2014. “Tea Marketing.” Tea board of Kenya. Accessed April 28, http://www.teaboard.or.ke/industry/marketing.html
Tea research institute, Chinese academy of agriculture science. 2014. “Introduction.” Tea research institute, Chinese academy of agriculture science. Accessed April 28, http://www.tricaas.com/English.html?categoryid=1
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After importing tea into Britain, the East India Company was required to auction it off to other merchants, some of whom then exported the tea to the American colonies. By law, this was virtually the only tea permitted in the colonies.
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It seemed as if tea was a drug for the Europeans because for them it was just so addicting, to the point they would do anything just to get more and more. The only things that were worthy of trading with the Chinese were gingko (type of plant), shark fin, a soft type of wood (used for incense) and silver. As the demand for tea rose, Britain gradually ran out of silver to trade with, and was desperate to find what China wanted. Then, the British resorted to trading in opium. China was very picky about their opium.
This case study revolves around Starbucks ability to launch an aggressive expansion in China, a coffee frontier steeped in nearly 5,000 years of tea, Starbucks location-scouting skills and marketing savvy will be put to the test. This case study involves three questions: 1) Should Starbucks continue its expansion in China? 2) Will the Chinese be persuaded to drink coffee instead of tea after 5000 years of no consumption of coffee? 3) Will Starbucks current marketing plan work in China without advertising?
Strategic group analysis aims to identify organizations with similar strategic characteristics, following similar strategies or competing on similar bases.
Coffee market in Taiwan is also important. Since 1998, Starbucks enter the Taiwan coffee market, more people have adapted the habit of drinking coffee (De Pelsmacker, Driessen and Rayp, 2005). Taiwanese consumers have more opportunities to face different types of coffee options. Consumers usually have positive attitudes for ethically made products. Most of consumer would be willing to pay a higher price for fair trade coffee, but they care more about the brand, label, and taste of the coffee
Strategic management is a business concept that consists of decision-making, analysis and actions an entity undertakes with an aim of creating and maintaining an upper hand. This concept involves three processes; analysis, decisions and actions. It involves the analysis of strategies and the internal or external environments of the entity. After the analysis, strategic decisions are made, covering local and international operations. Using of strategies requires proper allocation of the important assets.
Generally, strategic management is a set of managerial decisions and actions that determines the long-term performance of a company, involving both internal and external environmental scanning, strategy formulation, strategy implementation, and evaluation and control. According to the study of strategic management, the corporation should concentrate on monitoring and appraising outside opportunities and threats based on an organization’s strengths and weaknesses (Thomas Wheelen and David Hunger, 2012).
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In running our personal affairs, virtually all of us exploit the advantages of free trade and comparative advantage without thinking twice (Blinder). Free trade essentially introduces new technologies to 3rd world countries and helps them develop a stronger economy and find a new quality of life. The advantages of free trade are described by the theory of comparative advantage, which defined means a lower relative cost of production than someone else. With this as long as each country specializes in products that it has a comparative advantage in, ...
In order for international trade to work well, governments must allow the world market to determine how goods are sold, manufactured and traded for all to economically prosper. While all nations may have the capability to produce any goods or services needed by their population, it is not possible for all nations to have a comparative advantage for producing a good due to natural resources of the country or other available resources needed to produce a good or service. The example of trading among states comprising the United States is an example of how free trade works best without the interve...
In recent years, diversification and changes in lifestyle, due to differences in the lifetime of the family between the opportunity to drink tea with a teapot is reduced mainly in middle-aged and young layer have.
...ndous competition as china leads the whole sector worldwide. Often, China has a huge skilled labour force that empowers innovation and distinguished goods & services at cheaper price which the Australian manufacturers lacks and they might face cut-throat competition in the near future.