Market Structure Of A Business - 1357 Words

â€Å"Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.† (Arthur Levitt) Market structure is best defined as the organization and other characteristics of a market. How a business succeeds is based on the market, they choose to enter into. Another tool to analyze a company’s market structure, which includes the bargaining power of buyers, bargaining power of suppliers, threat of new competitors’ entering into the market, threat of substitutes and the intensity of competition. Some of the most important work in the development of economic theory is associated with the study market structure. From the perspective of a platform owner, when it owns part of the business on one side of the market, there are no straightforward answer as to whether having the rest of the business owned by another is advantageous or not. In my opinion a perfectly competiti on market is the best to open a business. I have outlined my thoughts and why a perfectly competitive market is the best market. A perfect competing market is a hypothetical market where competition is at its greatest possible level. Neoclassical economists argued that perfect competitive would produce the best possible outcomes for consumers, and society. The best market to have a business grow and develop in, would be a prefect competing market. There are many key characteristics of perfectly competitive markets toShow MoreRelatedTravel Business Franchise and Market Structure592 Words   |  2 PagesMy franchise operates in a markets characterized by a state of the monopolistic competition. Results! Travel competes in the travel business, helping customers sort out their travel options and booking travel for them. In this market, there are numerous competitors, but each tailors its service slightly differently. There are low barriers to entry, and all firms are in business to maximize profit. Lastly, firms in this market are typically not price takers, because they have the ability to reachRead MoreThe Impa ct Of Economic Condition Of A Business Organization1433 Words   |  6 PagesAny business can be influenced by the formation of economy. Economics is the fact that can establish or demolish a business. Changes of economic condition of a business organization are the main following factor. The increase of economic condition is the sign of business success. On the other hand a business organization can identify its failure by seeing the decrease of economic condition. Economics for business is related with the issues and problems regarding the economic strategies. The structureRead MoreOrganizational Structure And Management Process Essay1630 Words   |  7 Pagesits structure and its management process. The success of any firm is directly related to how well it is organized and how effective it s managed. Organizational structure and management processes are interrelated and they provide a gauge as to how effective an overall business strategy is implemented. The measure of succ ess in any business is how effectively it can compete in finding new opportunities and having the internal structure necessary to compete in different markets and business environmentsRead MoreInside Mass Trading By The Nearby Chairman1320 Words   |  6 Pageschairman to outwardly analyze the sundry business structures. My part is to give dissection and answers to these principal inquiries that will profit the chairman comprehend the structures of a number of the organizations in his city. With a specific end goal to short the leader, I was given the errand to examine the different business structures and qualities of every that will be examined in incredible detail alongside samples of the sundry business structures. Different focuses that will be examinedRead MoreMaximizing Profits in Market Structures1287 Words   |  6 PagesProfits in Market Structures 1 What are the characteristics of each market structure? A competitive market is many sellers that sell similar products with very little control over the market selling price. An example of competitive market structure is a gasoline station. There can be many gasoline stations in a certain mile radius, the more gasoline stations there are in a small area the higher the competitive the market. Monopolies: Monopolies are a group of business people whoRead MoreImportance Of The Micro Economic Environment1471 Words   |  6 PagesActivity one: 1.1Explain the importance of the micro-economic environment to business organisations: Microeconomics looks at how individual players in the economy, such as households and firms, interact. It focuses on the impact that their economic choices have on the allocation of scarce resources to meet unlimited demand. These interactions match what one party wants or demands in economic term and what the other gives in exchange (supply). Each time someone buys a chocolate bar from a newsagentRead MoreMarkets Driven vs Driving Markets Approach946 Words   |  4 Pagesthe â€Å"market driven† and â€Å"driving markets† approach of Microsoft. Which approach do you consider Microsoft utilizes? Customers first? Or innovation driven? Justify. By Viola Mosweu amp; Nkosana Nkomo Microsoft employs two approaches in being market oriented-a market- driven approach and a driving markets approach. Market driven refers to a business orientation that is based on understanding and reacting to the preferences and behaviors of players within a given market structure. Driving markets, onRead MoreStandardization For International Advertising?835 Words   |  4 Pagesdefined as the act or marketing strategy to sell products, services, needs by getting the consumer’s attention at an international level. Thanks to today’s technological advantages, small, medium and big businesses can reach the global market. By reaching new markets, getting new customers and adapting their businesses to meet the customer needs in order to maximize their revenue. In other hand, not all businesses are developed to meet the needs of international customers so their domestic populationRead MoreMultiple Challenges Faced by Philips and Matsushita in Managing Global Operations1655 Words   |  7 Pagesreorganizations in trying to manage global operations. Both have tried multiple organization structures, but have encountered some very distinct barriers caused by the external environmental factors which were critical in forming and executing each firm’s business strategy. The two companies are almost complete opposites when it comes to comparing their individual value chains. Philips and Matsushita also have firm structures that make their advantages and disadvantages uniquely interesting. HistoricallyRead MoreReview on Harvard Business Review Have You Restructured for Global Success?1109 Words   |  5 PagesHarvard Business Review Have you restructured for global success? By Kumar, N. and P. Puranam, published in 2011. The article focuses on the importance of structural changes that occur or have to be implemented, when multinational companies enter emerging markets, such as China and India, in order to operate successfully and exploit these mar kets to their full potential. The authors name several examples of what challenges companies faced and how they restructured to adapt to markets in developing