Role Of Risk Management Within The Homeland Security...

The ability of the Department of Homeland Security to effectively manage risk is vital to national security. Risk in general, is something that is permanent but because this is known, strategies can be used to mitigate situations as they present themselves. Government managers must manage risk in a complex environment taking into consideration the diverse missions and multiple objectives of public agencies (Hardy, 2014). The role of risk management within the homeland security enterprise was managed by best and worst case scenario planning. This is something that is inevitable as we are faced within a definite variety of threats. One way to grade or rank threats is through worst-case analysis. As this analysis can be used for worst-case scenarios the federal government cannot leave out lower ranking situations (Roberts, 2007). Since the Department of Homeland Security is charged with managing risk within the enterprise, a basic equation is used to help figure out different variables and how they would be affected. The Department of Homeland Security from the beginning used worst case analysis or better known as capabilities based planning (CBP) as a way to be prepared for disasters (Roberts, 2007). Many adults nowadays that were old enough to remember 9/11 can attest to how scared Americans were. The most frightening thing at the time and what people worried about was another major attack on U.S. soil. An enormous terrorist attack is a clear example of worst case scenariosShow MoreRelatedWhat Role Does Risk Management Play Within The Homeland Security Enterprise?1186 Words   |  5 PagesWhat role does risk management play within the homeland security enterprise? To answer that question we first have to examine what risk management is. Risk management is an anaclitic approach to figuring out the likelihood that an event will impact a specific assets, person, or function and then implementing steps to mitigate the impact or consequence of the event. (Decker, 2001) The Standard risk managem ent formula that the Department of Homeland Security uses is R=T*V*C or Risk = Threat * VulnerabilityRead MoreThe Role Of Risk Management On The Homeland Security Enterprise1361 Words   |  6 Pagesattacks against the United States, a series of risk management evaluations were created by the US Federal Government to assess the future risks the homeland was going to face. When the Department of Homeland Security (DHS) was officially created in 2002, more effective risk management assessments were re-designed to evaluate the past and present dangers, prevent them and respond successfully to more terrorist attacks. Since 2001 until 2007, a development of risk assessment has been divided in phases toRead MoreRisk Management And Homeland Security1309 Words   |  6 PagesRisk Management and Homeland Security The nation’s homeland security is a very multifaceted environment which must be controlled to effective function at its highest potential. â€Å"The safety, security, and resilience of the Nation are threatened by an array of hazards, including acts of terrorism, manmade accidents, and natural disasters† (DHS., 2011). All together, homeland security agencies must manage risks at all levels connected with an array of components. Collectively, these external andRead MoreThe Homeland Security Risk Management1239 Words   |  5 Pages Homeland Security Risk Management Olgera Haywood American Military University Introduction Homeland security in United States comprises of complex and competing requirements, incentives, and interests that need to be managed and balanced effectively to achieve the desired national objectives. Security, resilience and safety of the country are endangered by different hazards such as cyberspace attacks, terrorism, manmade accidents, pandemics, natural disasters and transnationalRead MoreHomeland Security And Homeland Defense1321 Words   |  6 Pages2001 events, the United States of America gravitated towards a more aggressive approach in its security. The result of the tragic events was the establishment of homeland security. The White House, the federal government and the Congress joined together to establish it. On September 20, 2001, President George W. Bush issued an executive order 13228 to establish an Office of Homeland Security within the White House and assigning the Governor of Pennsylvania, Tom Ridge as its Director (Bullock,Read MoreThe Department Of Homelan d Security1258 Words   |  6 PagesPublic University System The Department of Homeland Security (DHS) Risk Lexicon (2010) states that â€Å"risk is a key organizing principle for homeland security strategies, programs, efforts, and activities† (p. 1). This means that risk management is a decision making tool that allows for the DHS to intelligently and efficiently make planning choices based on threat level priorities. Some of the choices that are made using risk management are where to allocate both physical and financial resourcesRead MoreReview Of The Literature : Failure Of Intelligence1476 Words   |  6 PagesReview of the Literature Due to failure of intelligence which led to September 11 terrorist attacks in the United States, President George W. Bush created the Office of Homeland Security in October 2001 and later converted it to a full cabinet department with a bill signed in November 2002 (Zimmerman, 2011). Creation of the DHS falls into the overall Federal government goal of reducing loss of life and property during emergency and her continuous efforts to prevent constant and evolving threatsRead MorePresident Reagan Signed Into Law A National Security Decision Directive1344 Words   |  6 Pagessigned into law a national security decision directive, NSDD-145, titled â€Å"National Policy on Telecommunications and Automated Information System Security†. Even at that time, the government officials understood that computers were susceptible to interception, unauthorized electronic access, and related form of technical espionage and exploitation. It was noted, that hostile agencies were â€Å"extens ively† hacking into computers, and that terrorist groups and criminal enterprises had the ability to do theRead MoreThreat Assessment Ranks Cyber Related Vulnerabilities1508 Words   |  7 PagesThe 2014 Worldwide Threat Assessment ranks cyber-related vulnerabilities as the number one homeland security threat against the United States. In addition to cyber threats within the nation, Russia and China continue to hold views substantially divergent from the United States on the meaning and intent of international cyber security. Also stated within the 2013 Worldwide Threat Assessment is North Korea as they are becoming a tier one threat to the United States. Supervisory Control and Data AcquisitionRead MoreProject Part 1 Task 1 Essay1371 Words   |  6 PagesPart 1 Task 1 Draft Risk Management Plan Ernest Martinez Jr. C. Flack IS3110 October 22, 2012 Purpose The Senior Management of the Defense Logistics Information Services (DLIS) has decided to update the previous risk management plan with a developing, new risk management plan. This new risk management plan will not only minimize the amount of risk for future endeavors, but will also be in compliance with regulations such as the Federal Information Security Management Act (FISMA), Department

My Assessment of Brodsky’s Performance Essay - 896 Words

Wolfgang Keller at Konigsbrau-TAK (A) 1) What is your assessment of Brodsky’s performance? Please be specific. One of the main problems regarding Brodsky’s performance that I saw was the amount of time that Keller said it took Brodsky to complete tasks. While Keller did explain Brodsky’s adeptness in his ability to redesign the sales force organization and the development of a comprehensive set of information and control systems, proving he is capable of good work. The problem comes when we learn how long it took him to do this. It took him 6 months to create even with intervention by Keller to speed up the process. An additional concern is that Keller saw that Brodsky would not make an attempt to complete something when it had an†¦show more content†¦Additionally, Keller needs to not â€Å"hover over his shoulder† too much because this could make it more difficult for Brodsky to get his work completed. Furthermore, this seems to be the cause of some disrespect on a personal level between the two further affecting their ability to work together. I defiantly beli eve I would have been able to be a more effective leader over Brodsky. I would have tried to connect with him on a more personal level and gain his trust. I think this would have been key to earning Brodsky’s respect. I also would have explained to him what I expect of him as soon as I noticed his performance not being up to par with my expectations. However, I would not demand it; instead, I would just explain it to him and let him understand it’s out of respect for Brodsky that I am doing this so that there is no confusion as to expectations. I believe that by placing myself more as a mentor as opposed to just being a boss it would have help to earn Brodsky’s respect, which ultimately would improve his performance. 3) What are the underlying causes of Brodsky’s performance problems? What actions should Keller take upon returning to Kiev? Be specific. The underlying causes of Brodsky’s performance problems are the large time requirement for his projects, his more inability to be a personal hangs on leader, the lack of attention and disregard for the recommendations given to him byShow MoreRelatedWolfgang Keller at Konigsbrau-Tak (a)1224 Words   |  5 PagesNathan Johnson Case Analysis MGT 400 – 10/13/09 Wolfgang Keller at Konigsbrau-TAK (A) 1) What is your assessment of Brodsky’s performance? Please be specific. The first point of concern regarding Brodsky’s performance that I saw was Keller’s description of how long it took Brodsky to complete a project or task. As Keller highlighted Brodsky’s great analytical skills with regards to how he redesigned the sales force organization and the development of a comprehensive set of information and controlRead MoreWolf Case7243 Words   |  29 Pagesyears earlier, and his performance had increasingly concerned and annoyed Keller. After several difficult discussions with Hà ¤ussler, Keller felt that he could no longer delay taking action on the matter. As Keller saw it, he had three options. One option was to fire Brodsky or, at the minimum, not give him an annual salary increase, which might have the same effect. Keller suspected that firing him would not be well received by Kà ¶nigsbrà ¤u’s corporate headquarters, and Brodsky’s vol untary departure mightRead More The Issue with Traditional Testing Methods Essay3581 Words   |  15 Pagesnon-discriminatory manner, adjustments must be made. According to the Educational Resources Information Center (ERIC), â€Å"Alternative assessment is any form of measuring what students know and are able to do other than traditional standardized tests. Alternative forms of assessment include portfolios that are collections of students work over time, performance-based assessments, and other means of testing students such as open-ended essays with no single correct answer, and project work that involves collaboration

Block Buster Essay Example For Students

Block Buster Essay BLOCKBUSTER ENTERTAINMENT David P. Cook created the first Blockbuster Video store in October 1985 in Dallas, Texas. Mr. Cook intended to establish video superstores that would respond tothe on going trends in the video industry during the 1980s because the number or households buying VCRs was increasing very much and so was the number of film titles. He wanted to create a store that would respond to the customers needs such as: nice facilities, wide selections of videos, fast service, and convenience. A computer system was developed so that the company was able to track specific demographic data, customers renting patterns, and the number of times a cassette has been rented, and the information was collected through the scanning of the customers membership card. The primary target market of the superstore was eighteen to forty-nine-year-old adults and six-to-twelve-year-old children. In 1986, it is reported that the company was composed of eight stores and eleven franchises in cities with a minimum population of 100,000; for example: Houston, Chicago, Detroit? In May of 1986, the company officially became Blockbuster Entertainment Corporation (BEC). In 1987, David Cook, founder and chief executive officer (CEO), left BEC after selling 35% of Blockbuster common shares to John Melk, Donald Flynn, and H. Wayne Huizenga. The latter became the new CEO of BEC. Under the new management team BEC has expanded into the West Coast, Midwest, Southwest, and Eastern regions of the country; by t he end of 1992 the company had a total of 3,127 video stores. BEC wanted to open many more stores in 1993 because it wanted to acquire 25% to 30% of the market shares within the following two years; at that time BEC had revenues of $868 million. BEC was growing fast and so were technology and competition. It faced competition from other video rental stores like West Coast video, Kroger, and Winnin different regions. In addition, new technology brought in cable TV with the pay-per-view or video-on-demand concept; consequently, customers are able to order their favorite movies from the comfort of their homes. However, BEC continued to expand and went international as far as Japan, United Kingdom, Chile, Venezuela, and Spain. The company entered into film entertainment programming, music retailing, and other new ventures. Finally, in 1995, Blockbuster Entertainment Corporation merged with Viacom, major provider of entertainment programming, to reduce the threat to Blockbuster from changes in technology. In 1996, BEC became a wholly owned subsidiary of Viacom with new leadership and unclear prospects. Chapter seven of the Strategic Management textbook is about competitive strategy and the industry environment with focus on strategies in fragmented industries, strategies in the different lifecycles of an industry, strategies to deter entry in the industry, and supply-and-distribution strategy. This relates to the Blockbuster video case because the video- rental is still very fragmented which means that the industry is composed of many small companies and barriers to entry are very low. However, the book pointed out that the returns form consolidating a fragmented industry is often huge? many companies have developed competitive strategies to consolidate fragmented industries. For example, Wall-Mart pursue a chaining strategy to obtain the advantages of cost leadership, and Blockbuster opted for franchise and horizontal merger to secure a national market for its product. In order to become the world number one video rental chain, with more than 4,600 company-owned stores and franchised national stores and about 2,300 stores in about 25 countries, Blockbuster had to arrange the merger of its regional stores and develop franchises to form a corporation. Management created the Blockbuster Distribution to look over licensing and franchising of new stores, to monitor their start-up and to make sure that they keep up Blockbusters high standards of operations as its chain of superstores grows. The corporate headquarter has all information about each store; for example, corporate tracks sales and inventory of each store through its point-of -sale computer system. Secondly, according to the book, a company can develop competitive strategies throughout its different lifecycles. For example, in embryonic industries, the high profit of the innovators may attract potential movers which become known later.The innovators can protect themselves by exploiting their i nnovation and develop low cost leadership or differentiation. In our case, Blockbuster was not the first to start the video rental business, but it moves into the market and differentiates itself with its new concept of superstore and acquires the largest share of the market. Blockbuster singles itself out as being the family oriented video store. The chief marketing officer, Tom Gruber, used his knowledge of family oriented advertisement from Mc Donald to strengthen the companys position as a family store. This strategy helps establish brand reputation for the company. .Furthermore, with its position in the market, BEC is able to buy out small competitors which can only compete at the lower price level. BEC also establishes high barriers to entry with its purchasing, marketing, promotion and advertising power. For instance, BEC teams up with other companies like Mc Donald, PepsiCo, Dominos Pizza, and Taco Bell to promote each others products. A company can strengthen its competitiv e advantage through Supply-and-Distribution strategy. To improve quality and protect market share, BEC decides to expand its entertainment concept by entering the music(which did not work out well for the company), and the film entertainment programming. By doing so, the company is able to acquire exclusive distribution right on several independent films per year. It started out with Spelling Entertainment, Republics, Sundance Channel, American Film Institute, and Channel One Network. BEC went into alliance with some other company like America Online, Inc.; The Blockbuster/AOL Program will have special offers on rentals and special services for each others subscribers. As a result, the smaller competitors can decide to sell out or become a franchise of Blockbuster. .ueaffab6ed17a18bd3959c8d403ba2c94 , .ueaffab6ed17a18bd3959c8d403ba2c94 .postImageUrl , .ueaffab6ed17a18bd3959c8d403ba2c94 .centered-text-area { min-height: 80px; position: relative; } .ueaffab6ed17a18bd3959c8d403ba2c94 , .ueaffab6ed17a18bd3959c8d403ba2c94:hover , .ueaffab6ed17a18bd3959c8d403ba2c94:visited , .ueaffab6ed17a18bd3959c8d403ba2c94:active { border:0!important; } .ueaffab6ed17a18bd3959c8d403ba2c94 .clearfix:after { content: ""; display: table; clear: both; } .ueaffab6ed17a18bd3959c8d403ba2c94 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ueaffab6ed17a18bd3959c8d403ba2c94:active , .ueaffab6ed17a18bd3959c8d403ba2c94:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ueaffab6ed17a18bd3959c8d403ba2c94 .centered-text-area { width: 100%; position: relative ; } .ueaffab6ed17a18bd3959c8d403ba2c94 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ueaffab6ed17a18bd3959c8d403ba2c94 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ueaffab6ed17a18bd3959c8d403ba2c94 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ueaffab6ed17a18bd3959c8d403ba2c94:hover .ctaButton { background-color: #34495E!important; } .ueaffab6ed17a18bd3959c8d403ba2c94 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ueaffab6ed17a18bd3959c8d403ba2c94 .ueaffab6ed17a18bd3959c8d403ba2c94-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ueaffab6ed17a18bd3959c8d403ba2c94:after { content: ""; display: block; clear: both; } READ: CREATING A BETTER CIVILIZATION EssayAlmost everybody in the business world is pondering about the future of BEC after Viacom announced that it intended to auction the rest of Blockbusters share after selling about 20%of its shares last Summer. Will Blockbuster Entertainment Corporation able to stand on own? BEC has certainly the resources and competitive edge necessary to keep diversifying and go into alliance, if necessary, to stay on top of the video rental industry. Business Reports

Netflix and Blockbuster Battle for Market Leadership

Introduction Organizations have from time to time; carry out a thorough evaluation of their practices so as to be able to gain insight in ways of streamlining their organizational processes and improvement of revenue and high profit making potential. Both the internal and external aspects are analyzed and it must also be a wide-ranging and all inclusive activity so as to be able to gain proper strategic approach. The model of corporation management examination is derived from the unpredictable economic settings in which companies function.Advertising We will write a custom research paper sample on Netflix and Blockbuster Battle for Market Leadership specifically for you for only $16.05 $11/page Learn More Investors usually want assurance in a corporation’s wellbeing before they engage in investing in public owned companies, this shows that they want to be provided with reports showing the businesses strength, comprehend how a business bounced back from a plunge in returns or whether its cash flow is hampered by its clientele who don’t meet their obligations. Reports and analysis done to investigate all this always give potential investors with specifics they require to make knowledgeable choices. With precise tabulations of inward bound returns and reliable evaluation of market tests, company analysis has turned out to be nearly requisite to many market-watchers. To a certain extent business owners and top management opt to use company analysis to assess procedures and boost their companies’ practices and revenue earnings, instead of refusing to go along with change and resolving for business as usual. Key Focuses Case study 1: Netflix Netflix being one of the world’s largest online providers of movie rentals serves over ten million clients/ subscribers who have access to more than 100,000 DVD titles plus a variety of over five thousand selections that its subscribers can view instantly in real time on t heir computers. Netflix has transformed the way movies are rented by delivering them directly to their clients. With today’s demanding way of life, and clients demanding extra value and control, it’s no doubt that Netflix has turned out to be the most favored online source of home entertainment. Netflix has since then developed to be the world’s leading online movie rental provider with it being named the top internet movie retail site for client contentment in 10 out of 11 reviews since 2005 carried out by ForeSee Results. In the same year Fast Company declared it the winner of its yearly Customers First Award. Among other achievements of Netflix include, Retail Innovator of the Year(2007), number one online retailer by Nielsen Online(December 2007), Netflix Player ranked top 10 device of the year by time magazine(December 2008), and 2010 number one e-commerce corporation by the American Customer Satisfaction Index. NetFlix.com, Inc. was founded in 1997 by Reed Hastings and Marc Randolph. Netflix manages an online-based limitless movie rental service for digital video disc (DVD) formatted movies. The DVD has made available a new technology for storing and playing movies with image and sound quality exceeding that of traditional videocassettes.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More A DVD is same in size to an audio compact disc and is capable of storing an entire film, as well as added material such as subtitles in different languages, additional shorter videos about the making of the film or other related subject matter, and information about the actors, director, and producers. With its high quality and additional features, the new DVD technology provided an attractive alternative to traditional videocassettes for the home video market. A key aspect of the Netflix business model is the â€Å"Marquee Queue† concept. The â€Å"Marquee Queue† allow subscribers to rent several movies at once for viewing. This is simply a subscriber’s queue where a list of all the movies that the subscriber had selected, but which had not yet been sent to the subscriber is presented. After logging on to the Netflix Web site, a new subscriber browses the virtual aisles and select movies that he or she desires to watch. These movies are then used to build the subscriber’s queue. The website makes it easy for subscribers to edit the queue, such that the list can be arranged in the desired order. The company then ships the DVDs at the top of the queue to subscribers. Netflix is plagued with technological concerns as far as its ability to move to offering online video from DVDs, this leads to a loss in subscribers. Netflix still has indications of a cash flow Achilles’ heel as compared to its competitors (Blockbuster, Comcast). They also experience high cost on product acquisition. It experiences competition from about every part of the entertainment industry from cable, digital, and satellite services, including the pay-per-view option and movie channels such as HBO, and Showtime. Due to this an extensive choice of substitutes is offered as a result from the diverse competition. (Marks, 2005). Case study 2: Blockbuster Blockbuster Entertainment Corporation is an adjustable company that notices prospects and is conscious of the challenges that come with every business venture. In so doing it has to be conscious of forthcoming corporations that provide same kind of services for example Hollywood Video. Blockbuster has seized the opening to spread out their services from providing just movies to offering new movies and video games. A main element of Blockbuster’s products is made up of video games. Blockbuster has expanded its operations to include products such as the console games which have further increased its market share by the acquisition of American Satellite and Video Inc. â€Å"American Satellite operates Rhino Video Games, which is a games retail chain. Rhino Video buys, sells, and trades video games. Rhino has 40 retail stores in the Southeast, including Florida, Alabama, Tennessee, Georgia, North Carolina and South Carolina† (Leon, 2009).Advertising We will write a custom research paper sample on Netflix and Blockbuster Battle for Market Leadership specifically for you for only $16.05 $11/page Learn More Expansion and Acquisition of Stores Locations Blockbuster seized the opportunity to expand to different countries and will continue to spread to other countries. Blockbuster has greatly expanded internationally and is currently in 27 countries across North America, Central America, South America, Asia, and Europe. Blockbuster went from 1500 stores in 1990 to over 8000 stores worldwide in 2002; this expansion is the key to Blockbuster’s success. They have used this expansion to penetrate th e market and capture market share. In 2001, Blockbuster’s worldwide revenues surpassed $5 billion, and 20 percent of that was generated outside the U.S. Blockbuster will continue to expand as it is doing in Central America to capture more and more market share (Lamb McDaniel 2005), Blockbuster Entertainment Corporation is an adaptive company that sees opportunity and is aware of the challenges. New ideas are important on topics such as how to compete with internet video rental companies and how to capture the video game rental market. Entering into new countries has been a main focus as well. Blockbuster has also used its three main revenue producers to compete in the vastly growing industry. Blockbuster has also had to keep up with many technological threats. Investments have been down so strategic alliances have been formed to strengthen the company. Online movie rentals and sales have proven to be a necessity considering all the recent technological advances. With all of these things in mind Blockbuster has made many adaptations since the case and should be able to remain competitive in the industry. (Haag Phillips, 2005). Key Findings A thorough examination of strategies, resources, and fund raising procedures for up-and-coming growth and middle-market corporations is mandatory for any intended growth to be achieved or realized. This paper has examined both Netflix and blockbuster and provides wide-ranging and convenient recommendations on appreciating and applying the basics of corporate finance to upcoming and middle-market corporations. Haag Phillips ( 2005) notes â€Å"by means of utilizing empirical data and real company case studies to demonstrate resource structures and investment approaches, the recommendations provide an in depth argument of the numerous grant mechanisms.† These can range from conventional bank credits and asset-based funding to diverse types of private equity and other innovative resolution which may include a va riety of financial support sources, their projected rates of returns and the deal terms. (Haag Phillips, 2005)Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Geoff (2006) notes â€Å"a company analysis gives information about performance and prospects. business graph image by Alexey Klementiev from Fotolia.com thisth This investigations, or corporate analyses, refer to dealings undertaken for a comprehensive evaluation to gain a thoughtful realization of a company’s precedent performance and potential prospects.† A systematic scrutiny will center on all facets of the corporate body, as well as the administration structure and know-how, assets and resources, growth forecasts, productivity and insubstantial aspects such as goodwill and the product image. Geoff (2006) notes â€Å"results of the analysis are used in reaching business decisions by external parties, such as whether or not to invest in or go into a partnership with the analyzed company.† By and large corporate excellence of a business can be assessed by examining the company’s core elements, purpose, objectives and procedures. For example, a company may produce products of flawless quality but have a scandalous customer service record. As such, a total company evaluation may be broken down into minor, related evaluations to look into the various parts of the company. When all the reports from the different analysis are implemented as one, a full size representation of the company’s well being is fashioned. (Geoff, 2006). Strategies for company growth recommended Company analyses often begin from top management or administration team and trickle down to subordinate ranks of the corporation. Together with every segment of the company in the scrutiny procedure make available a well-formed appraisal of the company. This examination possibly will necessitate use of departmental plans or strategies. In trade, administration analysis characteristically centers on procedures, business culture or economic performance. Operational evaluation comprises how a business carries out its responsibilities, business culture, relates to bu siness philosophies and practices, and economic assessments are the returns obtained from business functions. (Gamble Arthur, 2004) Companies should find ways of expanding their geographical cover of potential market bases by setting up new stores in new areas, and also through promotion of diverse brand of products that create an appeal and attract potential clientele and retain clients they once upon a time were not able to get in touch with. Corporations intending to grow should carry out frequent analyses of the foremost industry they form a part of; this helps them get a comprehensive grasp on what is required, for example both Netflix should have a sense of the type of movies and services Blockbuster is offering to its clients so as to come up with better services and vice versa. Divide the strategies formulated after carrying out the analysis into specific groups; for example market strategies, people strategies, products and services, administration and organization and fi nally finance. These helps the company be able to implement the strategies and plans fully and realize their objectives. Hire and recruit with high energy levels and good health so as to have maximum employee output Examine the company’s potentiality in terms of resources and finances, before embarking on growth. Another important and strong strategy is to think of globalization. Relating particular products with global events like the world cup can give the world a product it can share in entirely. One should use one of the following techniques in sales. Sales staff – add the time they spend on sales, increase their human resource and their knowledge, skills; communicate with sales representatives, distributors; improve customers’ information of what’s on hand. Evaluate peoples remuneration to ensure that all have equal packages and also that the people feel that the remuneration and compensation is awarded without bias. People should be educated in orde r to understand the benefits of a company’s benefit package. Constant specialized training and skill enhancement for employees to upgrade their job output. Examine the company’s association with existing and possible clients, its familiarity of varying needs and opportunities in the marketplace, the way it classifies and contacts its regulars, service quality and speed of products being offered, marketing, advertising, and the selling and management skills its possesses. Managers should monitor and utilize resources efficiently for the company’s growth by encompassing the highest quality of know-how and accounting and budgeting systems. In the process they should also be able to establish what can be done to develop precision and relevance of accounting so performance information is accessible in real time. (Andrà ©, 2007). Conclusion Businesses may opt for an outside company to carry out a company analysis for them. This option provides an objective opinion o f the company and managers are provided with innovative ideas from an outside source without biasness, looking to make changes that will offer significant company returns and realization of objectives. The function of performance examination is to determine whether a company is carrying on well, this information is very vital in attracting investors and also identify areas that call for upgrading. Proper run companies carry out internal analysis on a frequent basis, to be able to keep in touch with changes influencing the company’s performance. Managers come with findings of the evaluation and table them before stakeholders at annual general meetings, with a purpose of catching the attention of potential business prospects. Companies that carry out regular analysis are more in touch with the diverse background issues touching the business and are more vibrant and receptive to market forces. Competition is good for business as the more quality varieties of a certain product in the market are available then, product demand is also high. Reference List Andrà ©, R. (2007). Organizational Behavior: An Introduction to Your Life in Organizations. New York, NY: Prentice Hall. Gamble, J. Arthur, T. (2004) Essentials of Strategic Management: The Quest for Competitive Advantage. New York, NY: Cengage Learning. Geoff, F. (2006). Marketing Fundermentals:CIM Coursebook. London: oxford publishers. Haag, S. Phillips, A. (2005), Business Driven Technology., New York: McGraw-Hill/Irwin. Hitt, I. Hoskisson, P. (2009). Strategic management: competitiveness and globalization : concepts cases, edn 8, New York, NY: Cengage Learning. Lamb, C., McDaniel, C. (2005), Marketing. New York, NY: Cengage Learning. Leon, C. (2009). Essentials of Marketing. New York, NY: Cengage Learning, 2009. Marks, K. (2005). The handbook of financing growth: strategies and capital structure. Hoboken, NJ: John Wiley and Sons. This research paper on Netflix and Blockbuster Battle for Market Leadership was written and submitted by user Rick Jones to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.