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Entry strategy for international business
Entry strategy for international business
Foreign Market Entry Modes
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Introduction
“SWOT analysis is a historically popular technique through which managers can create a quick overview of a company’s strategic situation” (Pearce, II & Robinson, 2011, p. 140). Using this model, we will look at the external factors of the energy industry that affect Range Resources Corporation.
Strengths
Range Resources has a strong position in the Marcellus Shale. It has close to one million net acres with resource potential of 545 million barrels of liquids and 32 trillion cubic feet of gas (Strategy, 2012). Range has a wide customer base. The company sells its gas production to customers including pipelines, utilities, gas marketing firms, industrial users, and local distribution. Its natural gas liquid (NGL) production is primarily sold to customers engaged in petrochemical, refining and heavy oil blending activities. A wide customer base enables the company to insulate itself from the risk of being affected by downswings in a particular customer group. Range has a strong financial position. The company expects a production growth of 25%-30% in 2012, and is projected to be self-funding in 2013 (Strategy, 2012).
Weaknesses
The company lacks the scale to compete with large players in which it operates. Several of its competitors are much larger, such as Exxon Mobil Corporation, with recorded $370 billion in revenues and employed about 80,000 people in FY2010 (ExxonMobil, 2010); Chevron Corporation, which recorded 198 billion in revenues and employed about 58,000 people during the same period (Corporate Fact Sheet, 2011). Range, on the other hand recorded revenues of approximately one billion and employed about 700 people in FY2010. Lack of scale limits the company’s ability to compete, both domestically a...
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...mestic market and therefore minimizing the risk to shareholders. By choosing not to enter the international market where the rewards and risks are high, they can continue on their eight year track record of low cost growth.
Works Cited
Corporate Fact Sheet. (2011, March). Retrieved January 20, 2012, from Chevron.com: http://www.chevron.com/documents/pdf/corporatefactsheet.pdf
Strategy. (2012, January 1). Retrieved January 10, 2012, from Range Resources: http://www.rangeresources.com/Our-Company/Strategy.aspx
ExxonMobil. (2010). 2010 Financial Operating Review. Irving: Exxon Mobil.
Kendell, J. M. (2008, June 28). EIA. Retrieved January 20, 2012, from Global Gas Outlook: http://www.eia.gov/pub/oil_gas/natural_gas/presentations/2008/globalgas/index.html
Pearce, II, J. A., & Robinson, R. B. (2011). Strategic Management. New York: McGraw-Hill Irwin.
Strengths for Duquesne University would be that it is nationally ranked number 115. This is a number that can beat many competitors and creates benefits for those that attend. Classes that have fewer than twenty students is 40.9% and classes that have fifty or more students is only at 9%.. (http://colleges.usnews.rankingsandreviews.com/best-colleges/duquesne-university-3258/rankings). Duquesne is located in Pittsburgh Pennsylvania and is known to be one of the top places to live in the country. Pittsburgh is considered the most livable and resilient. There is a young crowd that could be an interest for young adults, also this city is considered to be the third safest cities in the states (https://fitt.co/pittsburgh/pittsburgh-best-city/). Religious values are what many people look for to keep that connect they have with their beliefs, having these values instilled in the curriculum could be a benefit view for parents and students.
2. Thompson and Strickland (2002), Strategic Management: Concepts and Cases, 13th Edition, Chicago Irwin Publications.
The United States has become one of the leading producers of natural gas in the world, and now is an exporter of natural gas as well. As natural gas imports increase, the U.S. Energy Information Administration, ?Expects the United States to
The Allstate SWOT analysis consists of examining the organization’s strengths, weaknesses, opportunities and threats to its business environment. Moreover, the SWOT analysis examines the external environment which focuses on opportunities and threats. Furthermore, growth of global property and casualty insurance market is most likely to increase revenues, which could be considered and opportunity (“The Allstate Corporation SWOT Analysis, 2016). Allstate would benefit from the positive outlook of property and casualty market given the company’s extensive distribution channel, brand leadership, and customer access (“The Allstate Corporation SWOT Analysis, 2016). In addition, the organic growth from the property and casualty products may help
Fast Company,(139), 69-70,73,16. Retrieved from Research Library. Document ID: 1870795761. Wheelen, Thomas L. & Hunger, J. David, (2010). Strategic management and business policy.
Grady improves the health of the community by providing quality, comprehensive healthcare in a compassionate, culturally competent, ethical and fiscally responsible manner. Grady maintains its commitment to the underserved of Fulton and DeKalb counties, while also providing care for residents of metro Atlanta and Georgia. Grady leads through its clinical excellence, innovative research and progressive medical education and training.
Market opportunities and competitive threats for Allstate can be determined through SWOT analysis. Moreover, the SWOT analysis is utilized to help organizations develop a full awareness of all factors involved in the decision making process (Fallon, 2017). Furthermore, identifying the strengths and weakness of the organization are part of the SWOT analysis (Fallon, 2017).
According to Smithson, Walmart can expand its markets to new and emerging markets especially in the third world countries, which can significantly increase its revenues. Secondly, the company can reform is employment practices and improve the quality standard and in doing so, attract more customers and improve its brand image. On the other hand, the company faces threats such as the rising healthy lifestyle trend I that the company in most cases does not provide customers with healthy goods. At the same time, the company can capitalize on this aspect and increase its revenues. Aggressive competition from other discount retailers such as Target creates a great threat to the company (Smithson, 2015).
To begin with, I believe that a proactive approach exhibited by a firm, makes a statement that do not want to lose their competitiveness. One such reason is capitalizing on economy of scale and growth (Pearce & Robinson, 2011, p. 125). Businesses can lower their cost per unit and spread their cost over more items by selling and producing
In the year 1990, the United States produced a total of 70.7 quadrillion Btu of energy. This quantity steadily increased to 74.8 quadrillion in 2010 to 78.1 quadrillion Btu in 2011, which was attributed by large portion of domestic production of natural gas and crude oil whole quantity increased from 19 quadrillion Btu in 2007 to 23.6 quadrillion Btu in 2011. As a result the use of hydraulic fracking in United States made it the second largest natural gas producer in the year 2011 after Russia based on the world Fact
Opportunities: Target has an opportunity to leverage its strength to overcome some of its weakness.
What is a SWOT analysis? This concept involves assisting businesses to identify their strengths, weaknesses, opportunities and threats. It is often used to analyze an organization and its environment. Businesses find the analysis useful in assisting them to improve their business, establish goals and objectives.
This reflective essay will critically review my personal and professional skills that I am less confident in whilst in practise, which is essential for communication and developing effective relationships with others in an organization and even for personal development. The skills identified for improvement was highlighted in a skills audit for communication and effective relationships. A SWOT analysis was carried out to focus on the skills recognised, where finally an action plan was made to address how to improve the skills, what the challenges would be to develop them and how it is beneficial. The skills audit, SWOT analysis and the action plan are included as an appendices. It will also apply communication theories to
Pearce, J. A., & Robinson, R. B. (2013). Strategic management: planning for domestic & global competition (13th ed.). New York: McGraw-Hill/Irwin.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.