Competitiveness and Interregional System †Free Samples to Students

Question: Discuss about the Competitiveness and Interregional System. Answer: Introduction: Dominos is the worlds one of the largest pizza chain restaurant. The company was originated in year 1960 by James Monaghan and Tom Monaghan. Dominos headquarter is situated in US and it is widely expanded to around 6000 international locations. The company has its specialization in pizza due to which it is famous world-wide (Baroto, Abdullah, and Wan 2012). The purpose of selecting Dominos is that the financial statements of the company shows that it gains an optimum amount of profit; which demonstrates that the company has an efficient business model in it workings. Also the company soon became the choice of the society by creating quality products and providing well-organized delivery services. As the mission of the company suggests that they want to provide quality services to the customers outside their geographical boundaries. The company is highly flourished in the market due to its service providing techniques. The company aims to provide door to door services its customers. However, this technique is used by many other companies existing in the same industry, but they are unable to satisfy the needs of the customers. Also the company has gained the market capitalization by using innovative its business model (McGrath 2013). With the aid of efficient business model the company achieved greater satisfaction among the employees and wider customer base as well. The business of the company included the following steps with the help of which the company achieved the current value added position. Initiation: dominos analyzed its traditional business model and looked after the market aspects which the company can use to grow. The company examined all the factors prevailing in the market that can reduce the growth of the company (Walker, and Madsen 2016). Ideation: after gaining optimum knowledge about its products and the market under which the company is prevailing, they invented techniques and producers to innovate the business model. The company invented the business model after concerning the product and the market specifications. Integration: in the process of titration the company examined all the factor affecting the growth of the business and further considering that the integrate business model would positively affect the shares of the company and help it achieve its objectives. Further dominos initiated innovation in its business model. The company used 30 minutes delivery services and integrated it with the business model in such a way that it assists the company in gaining the competitive edge in the market. The process of integration helped the company in applying all the resources in the business model to achieve the objective defined (McGrath 2013). Implementation: implementation refers to the end procedure used by the company in gain the market share and a huge customer base in the competitive environment. Further, the company implemented the new and innovative business model in such a way so that the customers expectations are fulfilled. Wal-Mart Stores, Inc. Walmart is an America based multinational retailing store which holds its business worldwide in the international market. The company has many hypermarkets, grocery stores and discount department stores. Walmart has 11, 695 stores worldwide, having its business in 28 countries under the 63 banners. According to fortune global 500 lists by far the company generates highest revenue worldwide that is of approximately $480 billion. The reason for choosing Wal-Mart is clear that the company has excelled in its business and is growing with maximum speed. Along with local the company equally operates in the international market by making the product global (Hesterly, and Barney 2010). Further the business model with the help of which the company achieved excellence in the market is discussed below: The company applied the CAGE framework effectively due to which the company became successful internationally. The company initiated the CAGE framework in the following ways: Cultural Dimension: the cultural dimension of this framework includes difference language, ethnicities; social networks etc. the company created profit by using the cultural dimension of this framework. As Wal-Mart is renowned worldwide, due to which the international customer sensed trust and satisfaction by using the services of the company. As the company was having social networks and business functions globally, due to which they easily established themselves in the international market without facing the language or culture barrier. Apart from that management always pays attention on the values and belief of the society in which they are working (Ghemawat, Llano, and Requena 2010). Administrative Distance: the administrative distance includes difference in currency, trading bloc, colonial ties. The company overcomes the difference of administration by developing various strategies to resolves such issues. Along with that the company employed efficient people having adequate knowledge of the market in which the company is prevailing; due to this the company enjoyed growth as well. Initially the company expanded is business in the neighboring countries only due to which they grew and experienced the international market tactics as well. Further after having experience they initiated its admiration in other international market achieved success (Ghemawat, 2011). Geographical Distance: the geographic distance of CAGE framework includes physical distances, different time zones, difference in climatic conditions etc. The company managed to overcome the geographical differences by adapting the traditional techniques used by the companies to survive in the particular market. Further the company. Physical distances were resolved with the acceptance of e-commerce in the business (Tian, et. al., 2014). Environmental differences and time zone issues were resolved by inaugurating warehouses in the places nearby the market where the company is situated. Economic Distance: economic distance in the cage framework includes differences in the distribution in a country, cost of resources (financial or natural), infrastructure etc. The company Wal-Mart used its efficient human resource to initially establish themselves in the new cultural environment (Ghemawat, 2011). The company resolved the economic distance by gaining optimum knowledge about the market and utilizing them in such a way to gain organizational objective. References Tian, D., Chen, Q., Li, Y., Zhang, Y.H., Chang, Z. and Bu, X.H., 2014. A mixed molecular building block strategy for the design of nested polyhedron metalorganic frameworks. Angewandte Chemie International Edition, 53(3), pp.837-841. Ghemawat, P., 2011. The cosmopolitan corporation. Harvard Business Review, 89(5), pp.92-99. Ghemawat, P., 2011. World 3.0: Global prosperity and how to achieve it. Harvard Business Press. Ghemawat, P., Llano, C. and Requena, F., 2010. Competitiveness and interregional as well as international trade: The case of Catalonia. International Journal of Industrial Organization, 28(4), pp.415-422. Walker, G. and Madsen, T.L., 2016. Modern competitive strategy. McGraw-Hill Education. McGrath, R.G., 2013. The end of competitive advantage: How to keep your strategy moving as fast as your business. 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