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Business essay sample

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Business Strategy Essay Sample - Papers And Articles On Bla Bla Writing

Business Strategy Essay Sample

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How strong are the competitive forces confronting Under Armour, Nike, and The adidas Group? Provide a five-forces analysis to support your answer. The most powerful and widely used tool for assessing the strength of the industry’s competitive forces is the five-forces model of competition. The five competitive forces include pressures stemming from buyer bargaining power, pressures coming from companies in other industries to win buyers over to substitute products, pressures stemming from supplier bargaining power, pressures associated with the threat of new entrants into the market, and pressures associated with rivalry among competing sellers to attract customers (the strongest of the five competitive forces). Currently the competitive forces confronting Under Armour, Nike and Adidas are strong and many. Under Armour faces competition from Nike and Adidas in terms of marketing strategies, growth strategy, distribution strategy, promotion, advertising, licensing, globalization, targeting, penetration rate, outsourcing, manufacturing, quality, efficiency, and inventory management.

Seller-buyer relationships represent a significant competitive force because some buyers have significant bargaining leverage to obtain price concessions. For example, Dicks Sporting Goods and other retail stores are huge buyers of Under Armour, Nike, and Adidas apparel so they can bargain for a cheaper price. In 2012, 29% of Under Armour’s revenue was generated through direct-to-consumer sales. There is significant competition in terms of buyer bargaining power because Under Armour, Nike, and Adidas are all companies in which the buyers’ cost of switching to competing brands or substitutes are relatively low. Competitive pressures continue to exist between the three companies because sellers can buy substitute products. The three companies all provide the same types of products which make substitutes readily available and attractively priced. Many buyers view these substitutes as comparable and often better in terms of quality and performance. Also there are costs that buyers can incur in switching to the substitutes.

Under Armour has pricier items than Nike and Adidas so many consumers switch brands. Another competitive force revolves around the supplier bargaining power. Since the items being supplied are commodities that are readily available from many suppliers this increases competition. Many industry members switch their purchases from one supplier to another. The competitive force of potential new entrants continues to be a major source of competition for Under Armour, Nike, and Adidas. Athletic products are very popular today and every business is looking to make the next best thing. Existing industry members are often strong candidates to enter market segmentation or geographic areas where they currently do not have market presence. Lastly, the competitive force of rivalry among competing sellers exists between the companies. These three companies have been competing with each other for a long time. These companies continue to launch new items in order to boost their market share and business standing. Rivalry is also very strong because they are competing in industries where competitors are equal in size and capability.

Under Armour continues to face stiff competition in the industry today. Competitive rivalry within the industry, bargaining power of customers, and the threat of new entrants are the three key forces which have potential to disrupt Under Armour’s growth. The company relies on Dick’s Sporting Goods and The Sports Authority for more than 20% of its revenues. Even though Nike and Adidas are major competitors, Under Armour could also see the competition go up from other companies because it doesn’t have patents. The diverse supplier base limits their bargaining power. Wholesale customers such as Dick’s Sporting Goods and The Sports Authority hold leverage. Existing sports apparel companies could enter the performance apparel market. However, demand for Under Armour’s products is expected to continue.

What does a SWOT analysis reveal about the overall attractiveness of Under Armour’s situation? The SWOT analysis is a tool used by many companies to determine the strengths, weaknesses, threats, and opportunities of a company. The company’s early years started off slow but became very successful very fast. Over the years, the company’s product lines continued to grow and expand into shirts, shorts, gloves, shoes, outerwear, innerwear, etc. and many other offerings. Under Armour’s mission was “to make all athletes better through passion, design, and the relentless pursuit of innovation.” The strengths of Under Armour include innovation, brand equity, sponsorship by college and professional athletes, distribution techniques, consumer awareness and loyalty, attractive logo, financially strong, high net income, and a wide range of apparel and sportswear. The weaknesses of Under Armour include pricing, advertising and promotion, narrow focus, very expensive, competing successful companies such as Nike and Adidas, ineffective marketing strategies compared to others, not reducing their costs in the same way that their competitors do, limited product line, and it is more of a male product line.

The opportunities of Under Armour include emphasis on expanding their product line and creating variety, lower prices, branching out to different sports, creating alliances with different manufactures, expanding into other markets and increasing market share, looking at export opportunities, forming strategic alliances, and creating additional revenue. The threats of Under Armour include competing companies such as Nike and Adidas, economic recession, male dominant focus, changes in the way consumers shop, buyer and seller bargaining power, low price importers, stiff competition, substitute products available, cheaper prices, and financial burdens. Under Armour is trying to grow by continuing to broaden its product offerings, targeting additional consumer segments, increasing its penetration of the market for athletic footwear, securing additional distribution, expanding its sales, and growing global awareness. Currently there are 25 brand-name competitors. The overall attractiveness of Under Armour is strong. It is a brand that is continually trusted and used by consumers. Their products continue to be successful and meet consumer guidelines. Their sales continue to grow from year to year. However, competition is getting stronger so Under Armour will need to do something differently if it wants to stay ahead of the pack.

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Success Essay - SAMPLE ESSAYS

Success Essay

January 25, 2008 By admin

Success is counted sweetest/By those who ne’er succeed Emily Dickinson Since the beginning of my life I have been studying. In the early years of my childhood I didn’t quite understand what my role was all about. I always wondered why is it that I have to go to school everyday even on Saturday because my mom said that it is good to be around smart people. When I was growing up I found the answer by myself. I started to understand when I was eight years old. I began to see school as the place to get knowledge this that my parents cant teach me at home. I also saw (and actually see) School as a place to play, have positive thoughts and enjoy life without forget about class and what society is expecting from us, and to socialize to have good friends, friends that care and have the same interest in success as I do. Now being 18 years old I know a lot more of myself. I can make and I have made decisions that really have a direct effect on me. Three years ago I decided do my best at school to have a good high school education and make myself better every day. Since I am in love with my school I have accomplish many thing like doing extracurricular activities. On March 1998 I joined United Talents a group of student that help the Parents Association to organize activities. We use to dance our Dominican Republic folk music for our parents and make each presentation more enjoyable for them each time. Actually I am participating in a lot of activities, which are the chess club, yearbook as staff and photographer, swimming pool taking a course to be a lifeguard and helping in the computer lab. In the chess club as I heard I will be elected as a vice-president of the club do to the fact that I have accomplish fine in the city tournaments (every last Sunday of each month). The yearbook is very interesting for me because I like taking pictures and Mrs. Serrano gave me a workshop working as a photographer which I enjoy a lot. Those pictures I take go to the yearbook staff and they decide what to add to the school year book. In the computer lab, I use to help because I have some experience using computers. Some people don’t know how to use the computer at all. In the computer lab, I am there to help them find what they want and show them how to do it. All these activities that I just mentioned and detail have a great influence helping me even more to have a college education to be more useful in society. I like Electrical Engineering because I use as a kid I use to tear apart radios and electrical things just to see the inside (the circuits). I also decide to become and Electrical Engineer because I like to create things, to help in this modern society and to improve even more solar energy use. Photography is one of my ambitions because I like to make my own massage in the pictures I take. I have been working in photography since I came to this country in 1995. First I just was learning how to enlarge photos to become and lab technician in the darkrooms but then I started to take pictures and know I have (I would say) a basic knowledge about photography and all the process. In many projects that I have participated in school and out of school History Is Our Story was the most interested one (for me). That project was about writing essays from a point of view of a person that lived a historical event such as a war or a holocaust. In that project we have to share with students from others high school our experience being that certain person and get into phychology to explain the person’s feeling. We also make a collage, which I name Past, Present, Future and Us. This collage later would be exhibit in Brooklyn museum. I have always say that all I have I always carry it with me. That include my mother’s love because hold onto each other. We are very confident. She decided to come to USA .The problem we faced was that by coming here everything would change for us. I was afraid of that. I didn’t speak English but she it was okay, that we should come to seek a better future and make best of our self working and thinking positive always. That feeds my heart every day. Bibliography A personal statement Word Count: 774

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Sample Essay: Final Project: Most Significant Events

14 Oct 2009

After more than 60 years the events that started unraveling in 1945, still have influence on the way we live in 2008. As soon as the US and USSR started the space and the weapons race, the lives of the Americans and everybody in the world were going to change dramatically and at a breath takening speed. On the other hand, science, human rights and civil liberties also advanced like never before in history. The people even had the possibility to whitness those changes during their lifetime. Somebody born in 1935 would be 10 in 1945 and still has the possibility of being alive to see the first African-American get elected to the White House. However all of that didn’t occur overnight and every decade from 1950 untill today still influences what happens in our daily life as well as every decade left us a legacy that we must remember in order to make the world a better place.

The 1950’s were marked by the break between the US and the USSR and the begining of the Cold War. As the US launched an atomic bomb on Hiroshima and Nagasaki in 1945 the eniter world was scared and amazed by the power of this new weapon, making the US the the only atomic power in the world. This of course didn’t make the alreadt shaking alliance with Stalin ant easier and made the always nervous and suspicious Stalin even more nervous and suspicious. An intersting anecdote from 1945 actually shows us how Stalin functioned. Upon recieving the news of the US bombing Japan, he summoned his leading fisicists and asked them whether they slept through the American development of the bomb. One of the braverscientists dared to answer that they didn’t but had spent that time waiting in breadlines. The brave scientist din’t get shot and the nuclear program stared reciving funding, which brought on the development of an A-bomb by the USSR in 1949. In 1949, however the US and the USSR were still allies, even though one could see constant friction between Stalin, Truman and Churchill as well as it was pretty clear to anyone in 1949 that a division between former allies was inevitable. On the home front, strong middle class was defining a healthy and progressing nation and it is not unusual that a nation sees great progress after a war. It doesn’t really matter whether the nation has lost or won that war, the creation of new jobs and the need to reconstruct motivate the people and the money that was so largely spent on the military before, is now spent on the reconstruction of the country. Excellent examples of how a winner and a looser of WWII have progressed and simultaneously became superpowers are the US and Germany. Germany started WWII and was the country that had most casualties and economic damage after the USSR but in the decade following the war it started re emerging and slowly became one of European leaders. On the other hand the US had still to face many problems and challenges at home and on the international scene, some of them not bveing solved yet. “The 1950s required hard work; many Americans made a conscious effort to leave behind the darker vision of the world that came with the Great Depression and the Second World War. The postwar era started with the loss of Eastern Europe, and then China, to communism; the Korean War and McCarthyism. It ended with Sputnik and the missile gap. The loss of Eastern Europe and China to communism garnered more attention than the various aspects of the “Red Scare” whipped up by Joseph McCarthy and others.” (Merkowitz)

The 1960’s can be considered a turning point in world history but nowhere was the impact felt in such a manner in the US. The sixties were also crucial for US history since that decade introduced many of both positive and negative characteristics that define the US even today. In 1960 modernization hit the US that was not prepared for it. It was a young country that still needed to grow up and find its place in the world. We can see this if we compare Europe and the US. Issues like liberal courts, racial segregation, and human rights in general were settled in most European countries by the end of the 1940’s. One of the clearest examples of that is Vietnam. The French pulled out of Vietnam in 1955 and by 1962 abandoned colonial policy and decided that France has no business invading other countries even if they held them for centuries and US mixing in the affaires of other countries actually began with Vietnam. For decades after the first police action in Vietnam, the US has invaded a number of countries but has maintained an appearance of legality for most of the time. In 1983 they almost broke the UN charter by invading Grenada but still managed to make that invasion look legal in the UN. In 1999 the US finally felt too mighty and bombed Yugoslavia which a total disregard for the UN and the international law. Since then the list keeps growing: Afghanistan, Iraq…

On the positive side however we have the pres Kennedy beginig the long process of emancipating and integrating the nation, the begining of the racial struggle and the precedent that showed the world that their leaders can be responsible in an atomic age. The greatest diplomatic challenge for both the US and USSR since the end of WWII was the Cuban missile crisis of 1962. It was a great victory of international relationships and diplomacy and it gave faith to many on this globe that the era of great wars is over and that the superpowers of the day could solve problems through diplomatic channels. Of course a new diplomatic language and techniques were used for the first time in history and the best example of that would be Secretary of State McNamara’s comment to one of the generals:” don’t you understand that Kennedy and Khrushchev are speaking a new diplomatic language.” It was difficult for both presidents to contain “the brass” and others who wished for war, as a matter of fact, the generals couldn’t wait to start shooting at Russian ships but Kennedy and his advisers opted for a blockade of those ships and thus saved millions of lives. Both Khrushchev and Kennedy had to work the best of their abilities in order to reach an agreement between themselves and to keep their war hungry generals in place. And the biggest triumph of diplomacy in this particular case was when Adelai Stephenson told the Russian foreign minister in response to his statement that he is not in an American court: “no sir you are in the court of the world” However by 1965, the assasination of Kennedy and the escalation of war in Vietnam have silenced the optimists and the public opinion forced pres. Jhonson to act. In November of 1967, the Administration launched an extensive “public relations” campaign. It was designed to convince Congress, the press, and the public that there was “progress” in Vietnam and that the war was being “won.” Johnson was advised to “[E]mphasize light at the end of the tunnel instead of battles, deaths, and danger.” “There are ways,” Johnson was told, “of guiding the press to show light at the end of the tunnel” (quoted in Larry Berman, Lyndon Johnson’s War, p. 98 and 99). To head this effort, Johnson brought General William Westmoreland, commander of American forces in Vietnam, to Washington. Westmoreland addressed the National Press Club saying that the U.S. had reached the point “where the end comes into view” (Berman, p.116).

Even though President Nixon is considered to be one of the most unpopular presidents the US ever had he was the one that pulled the US out of the Vietnam War and was forging relations with foreign countries that were to make the US so popular during the 70s and the 80’s.

With the cold war cooling down the 1970s were characterized by racial and social struggle. It all began with the first presidential candidate’s TV debate and ended with the man on the moon, the drastic change in technology allowed the humans to walk on the moon only nine years after the first use of television for political purposes, but on the political scene the things were more sinister. Even though we have seen significant advances in human rights, equality of race and gender and general cultural advancement the assassinations of JFK, Bobby Kennedy, Martin Luther King and many important civil rights activists showed us even back in the sixties that the US are not on the same path as Canada and Sweden, and the fact that many people mowed precisely to Canada and Sweden in the 70’s shows us that many were aware of it by 1969. Just as the actual landing on the moon is contradictory and disputed so is the legacy of the sixties.

On the political level the US were going through a reformation and were building up relations with the rest of the world, as pres. Nixon opened the market to the USSR and China and prepared the world for a new era. At home ge helped implement the rest of the changes that started under Kennedy and Jhonson. Martin Luther King’s non violent methods revolutionized civil rights struggle. Even though when Dr. King was shot the hope was not gone. This can be seen in the speech Bobby Kennedy gave when King was assassinated: “For those of you who are black-considering the evidence evidently is that there were white people who were responsible-you can be filled with bitterness, and with hatred, and a desire for revenge. We can move in that direction as a country, in greater polarization-black people amongst blacks, and white amongst whites, filled with hatred toward one another. The 1970s brought the real change for the American society, a change occured in the hearts and minds of the Americans and not only on paper. Unfortunatley many causes satill had to be fought for in courts all over the country but the African and Latino population has fully integrated by 1972.

On the international level the best example of how Nixon’s policy worked out for the economy of the world is the Asian example. “The decision of Japan to contribute l percent of its gross national product in governmental and private transfers to foreign economic assistance by 1975 is a singular contribution to the kind of Asia they and we seek. No less significant is Japan’s decision to liberalize its trade and capital restrictions, thus improving the access of others to the burgeoning Japanese market, and promising, to the benefit of all, a greater participation in meeting Japan’s capital needs. The Republic of China, five years after the termination of our economic assistance, is the source of economic assistance to twenty- three less developed countries. This is eloquent testimony to Asian abilities to expand creatively on the base that we helped construct.

By 1980 and the matters at home mostly settled the US was going to turn back to policing the world under pres. Reagan. The turning point for the US foreign policy in the 1980s and the 1990s was to be an invasion of a minuscule Caribean country that was going to create a precedent that will finally bring on the war in Iraq in 2003. When discussing the 1979-1983 U.S. actions in Grenada, one must ask the first and most important question: what interest could the world’s capitalist superpower possibly have in a tiny island less populous than a South American football stadium? The miniscule nation’s economy, lacking any significant natural resource or consumer markets (for example), naturally precluded almost any possibility of American business interest in Grenada that could capably provide a specific political-economic impetus for invasion. It likely follows, then, that the intervention was part of an arrangement of Cold War policy disassociated from narrow, influential business interests, and one more involved with broader ideological and strategic theories. The new socialist government of 1979 had already not been in good standing with the Carter administration; the coming of Reagan in 1981 only deepened U.S. negativity toward Maurice Bishop and the New Jewel Movement (NJM), which had aligned with Cuba and the Soviet Union. Washington could, in turn, publicly allege that Grenada was a significant security threat if it were used militarily by the Cubans as a base for regional subversion, notably in Central America, or by the Soviets for projection of power.

The other crucial event of the 1980s was the end of the cold war and the fall of Communism. It was the ultimate victory for pres. Reagan, a man who colaborated with Mac Arthy and dedicated most of his life to fighting Communism. As he co signed the the INF Treaty in the East Room at the White House in 1987 with pres. Gorbachev he knew that the USSR were “history” and that America was ready to implement the New World Order. The Grenada example was only the general rehersal for the policies the US were going to implement in the 1990s and the fact that the USSR didn’t intervene when Granada was invaded showed only that the Cold war was over and that the US could do anything they like in their zone of influence as long as the Russian could do the same (as in Afganistan) the 1987 treaty just offialised the deal between the US and a new, emerging soon to be independent Russia.

The 1990s were to mark the begining of the age of Globalization or Global givernance. What can be considered political global governance is when makers of global policies start behaving like bullies and agree to let each other do so. As a matter of fact, they have done that for a long time. Since WWII global policies have been decided by three countries: China, Russia/USSR and the United States; and all three of those countries have shown utmost disregard for the rights of their own people and the people of other nations. China and the USSR achieved their goals through brute force and communist rhetoric while the US always functioned with the: it’s not wrong unless you get caught philosophy and thus created black ops and secret wars. Modern Russia has adopted the American way since it has become a democracy. Those three countries also seem to respect each others territory or zones of influence. Even though the US will officially condemn what is going on in Tibet or Chechnya, that’s pretty much all they will do. China and Russia condemn what is going on in Afghanistan, Iraq and Kosovo but don’t go further either. It is not even necessary to mention that all three countries are tight business partners and depend very much on economic cooperation. However the US were totally going to abandon the “humanist” policy and will start policing the world (or their zones of influence) with no regard for international law.

Stage one of the new us policy for the 1990s began with the Somalia blunder. The United States have no direct interest in Africa but trying to emerge as the victors of the Cold War and the World’s policemen, the Bush administration decided to act in Somalia. The US troops were supposed to help UN humanitarian relief reach its destination in a war thorn country and it had great public support when it started in 1992. Following the death of 18 US soldiers in 1993 the mission was withdrawn wit as much public support for withdrawal as there was for sending. That was the first and the last blunder the Americans committed in Africa. Both the government and the public opinion realised that Africa is not a place where they want to get involved. This mission was crucial in showing that the US had no interest in humanitarian missions and no tolerance for cost, specially casualties in pursuing purely humanitarian goals, most specifically in third world countries where American political and economic interest are not directly at stake. This belief served as justification for policies such as the Presidential Decision Directive 25 that provides guidelines that practically exclude the Americans from any types of humanitarian and peace keeping missions.

On the other hand the US went as far as breaking the international law in order to intervene in conflicts that went on in countries that are in the interest zone of the US. The US bombed Yugoslavia in 1999 due to alleged ethnic cleansing in the breakaway province of Kosovo, for which no solid evidence found afterwards. They did so by defying UN principals and international law. It was the bombing that triggered off the worst of the ethnic cleansing. As for the atrocities it now seems that here again we were lied to about the extent of the crimes committed. United States Secretary of Defence Cohen told us that at least 100,000 Kosovars had perished. Tony Blair spoke of genocide being carried out in Kosovo. The media relished in these atrocity stories and printed every story told to them by Albanian, “eye witnesses.” The myth that the war was to stop ethnic cleansing and atrocities continue to be perpetrated by department spokesmen and large parts of the media.

This approach shows nothing but hypocrite attitude towards Africa. In 1994 Rwanda and 1993 Somalia it was clear that people at a rate of several thousand a day. The rebels and paramilitary troops that the US and UN should have dealt with were underfed and had little ammunition. In Ex Yugoslavia the US were ready to intervene only after most of the fighting was done. They let Milosevic, Tudjman and Izetbegovic massacre their neighbours and much of their own people and finally decided to intervene only when regular Serbian police was fighting a terrorist group and there very few civilian casualties due mostly to collateral damage. This is to create a very dangerous precedent that later brought on the war in Iraq.

The US bombed Yugoslavia in 1999 due to alleged ethnic cleansing in the breakaway province of Kosovo, for which no solid evidence found afterwards. They did so by defying UN principals and international law. President Clinton said so when he told on CNN that they will not go through the UN Security Council because they will certainly be vetoed by China and Russia. Strangely enough the very reason why the Security Council was created and the five victors of WWII were given the right to veto military actions of others is to keep the balance in the world and that none of those countries could invade somebody without the full consent of UN’s Security Council. This legacy of the 1990s and the disregard for international law allowed G.W Bush to invade Iraq and abolish civil rights at home. The last decade we have experienced ilegal invasions, the Patriotic act and Presidential executives that allow even children to be tortured. This clearly defies the US constitution, but by the they fisrt took the Jews… principle, Bush acted probbably thinking that if Clinton defied international law why can’t I the Domestic.

With Bush getting ready to leave the White House and Obama getting ready to move in, many hpoe thet thePatriotic act will be abolished as well as they hope that the US will start respecting the international law once again. As the people of the US compare Obama with Kenedy many hope that the spirit of the 1960s might return in a new age of hope.

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