Applied Integrated Business Essay Example | Topics and Well Written Essays - 1250 words

Applied Integrated Business - testify ExampleThis paper is an attempt to synthesize everything I had larn so far which cannister be applicable in a world of business that is come on made complicated and difficult by various financial crises. In the next few pages, I will elaborate on these further by enumerating the three most important. Discussion I think Professor Michael Porters Five-Forces Model of competition is the offshoot thing that comes to my mind in terms of importance. His put is applicable to almost all industries anywhere in the world. It has universal applications and any aspiring manager should learn to apply the principles in this model. Doing so will wreak his job as manager much, much easier. It will allow him to analyze a given industry, say the appropriate strategies and then be able to implement this particular chosen strategy to achieve prime(prenominal) results, no matter what. It is a given that the Porter model is extremely useful for industry depth psychology in order to attain that sustainable superior performance over peer industry competitors. The model further simplifies the whole job of any manager without it, it is quite difficult to arrive at a good decision due to sometimes too much data to analyze that one can easily get lost of the strategic objective. The second most important thing I learned during the course is the 7 Ps of marketing. ... This model will help to put things in a prim perspective so corrective measures can be underinterpreted to rescue new products and services from being failures in the market. This model is a step-by-step guide to successful marketing techniques because it analyzes each step to be contractn when selling and it helps to remove guesswork by making the synopsis much more professional and accurate. The terce most important I learned so far in this course is the swot up analysis model. It may seem simple but it at least has a systematic approach when analyzing the constituent(a) kind of strengths and weaknesses of any business organization. The first two letters are S and W it pertains to the inbred structure of the business firm by looking inward at its core competence or the areas of operations in which it has advantages while at the same recognize weaknesses. This will allow the firm to take corrective measures to remedy these weaknesses. The second two letters which are O and T represent opportunities and threats from the surroundings which are considered as outdoor(a) to the firm. The usefulness of this SWOT model is it is applicable to individual persons as well, such as taking pre-emptive or preventive measures to avoid any possible harm or dangers. The SWOT model for analysis is also useful in other situations like disaster preparedness by government units and other non-profit organizations because it will try to recognize possible dangers and allow for sufficient advance preparation to avoid failures. The SWOT model has internal and external co mponents, very much like Porters Five-forces model, which has three external components and two internal features in the said model. I fully intend to use all my accrued knowledge from the course in my daily