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Compose a 500 words essay on Last One Standing. Needs to be plagiarism free!Overall, the company is moving with a delighted pace as it is working effectively with a comprehensive business strategy. Th
Compose a 500 words essay on Last One Standing. Needs to be plagiarism free!
Overall, the company is moving with a delighted pace as it is working effectively with a comprehensive business strategy. The company has actually worked out in quality, style and service which are core features of its successive business strategy (Ryerson 3).
Working in the rivalry aspect is most important for a company like Elmira which is present in small scale and is relying heavily on single product lines (appliances) to bring business success (Ryerson 3). Actually, working out in competition is the strength of Elmira and that is what describes its generic business strategy (Ryerson). Elmira has effectively filled the space of appliance manufacturing in Canada where major rivalries such as Whirlpool, Camco, Electrolux and Heartland Appliances have left wider space open for Elmira. It is through filling the space well in appliance manufacturing Elmira has out beaten its market competitors (Ryerson). This got possible through Elmira striving vision- striving for the core competencies which included a strong supply distribution network, competent employees, and effective production facility (Ryerson). It was through Elmira’s generic strategy (beating market competition), the company was able to secure its position in the market. And it was through this strategy it enabled the market prospect appear for the company in the coming years (Ryerson 3).
It was after ten years of origin, the company Elmira Stove Works reached to its point of success. It was in 1986 when Elmira employed 120 employees, sold 10,000 units annually and was able to secure $12 million revenue (Ryerson 11). It was Elmira’s well adjustment to Ontario’s business environment (market environment) which allowed the company to drives its position in the regional market. This makes Elmira pass the fit test, which talks about a company’s suitable adjustment