Strategic Management and Strategic Competitiveness Essay - 5

Strategic trouble and Strategic Competitiveness - Essay ExampleImpacts of Globalization and Technology on AECOM The inception of globalisation and procession in technologies has facilitated AECOM to expand its business movements across the globe. At the same time, the operational performance of the union has also witnessed certain severe impacts with the advent of globalization and the advancement in technologies. Correspondingly, with the rise of globalization the guild was able to spread its operations all over the reality to a large extent and has intimately attained the benefits arising thereon. Owing to less(prenominal)en trade barriers, the fellowship was able to provide its services to different regions of the world and ensure its active presence in the global arena. It has also been ascertained that the continuous expansion of the alliance is largely due to the operational opportunities presence in various nations of the world. Apart from this, the use of advanced technology is also another factor that has immensely contributed towards the reasonable success of the ships company. The use of new technologies has enabled the company to doing unreached business opportunities in the most efficient and convenient manner. Furthermore, the incorporation of the latest technologies has also facilitated in enhancing the quality of services of the company to a considerable extent. However, apart from these positive aspects, globalization has increased the take of competition for the company. Prior to globalization the operations of the company was almost monopoly without much threat of the competitors. However, with the advent of the globalization and technological advancement the AECOM has significantly resulted in the breaking of its monopoly from the marketplace. (Parker, 2005). The Application of Industrial Organization puzzle and Resource-based Model It has been noted that, the performance of the company is considerably good over the years. How ever, implementation of the industrial organization sample and the resource-based mould can be effective in enhancing the performance of the company up to the next level. Since, the company operates on a larger scale and in a widespread market the industrial archetype is ascertained to be vitally effective. The industrial model advocates that it is the sole decision of the company to operate in a particular market and determines its performance. Additionally, the implementation of this model will facilitate the company to contract less competitive market for its operation which can ultimately raise its performance graph. On the other hand, the resource-based model can also be valuable in its several ways. This model reflects the ability of the company to ask valuable internal resources and build strategies in accordance to the available resources. The company can first choose resources for its production and utilized the same at the largest extent so that it can gain competitiv e utility over its rivals. Subsequently, the company needs to choose an appropriate market for its services with less competition and suppose its strategies accordingly to reap the best benefit arising from the selected market. It can be argued that these models would eventually upgrade the performance of the company to a greater extent (Heracleous, 2003). Influence of Vision Statement and Mission Statement on AECOM The operation of the company has seen to be quite successful especially owing to its strict adherence to its mission and vision. It