Fifth Section Essay Example | Topics and Well Written Essays - 500 words

Fifth Section - Essay Example one-year strategic objectives are to identify a market which most effectively exploited its capabilities, the market for cordless segments, and develop this market. The brand in turn should acquire a distinctive identity. That combination, a system of labor which gives the company a particular advantage in its chosen market segment, a world-wide reputation for intersection point quality, and a brand which immediately identifies the aims and aspirations of its customers, will make Able Corporation one of the most advantageous manufacturers. Five-year strategic objectives are (1) to develop innovative products and solution which meet needs of target audience and dispense with Able Corporation to sustain strong market position (2) to penetrate new market segments of PEPT (3) to change by reversal a leader in cordless market segment. A ten-year strategic objective include (1) to render itself from a medium-ranking company with uncertain future to Europ es leading PEPT producer (2) to build two plants in eastern Asia and (3) to penetrate Asian market (3) increase market share in 50 % (McDonald, Christopher 2003).Business schema looks at the relationship between the firm and its competitors, suppliers, and customers in the markets which it has chosen.