Choose a major U.S. company, Research the company and the market(s) in which it
ID: 1156863 • Letter: C
Question
Choose a major U.S. company,
Research the company and the market(s) in which it competes, and
Describe the firm, include such information as its:
products or services
annual sales, and
market share (this information is readily available in the IBIS World database.)
Describe the market(s) in which it operates.
For instance, does it operate within an oligopoly or monopolistically competitive market, a perfectly competitive market, or is it a monopoly? (Choose the closest fit.)
Explain.
Does it operate in only one region of the United States? Does it operate nationally or internationally? Explain.
Who are its competitors?
Give a brief overview of the other businesses in the market that it competes against.
Identify and explain at least 2 economic concepts that this firm seems to use to its advantage.
Examples might include product differentiation; attainment of economies of scale; advertising; whether the firm is regional, national, or international; and so on.
Please include an explanation of how any significant recent events or changes in this market have affected this firm. Examples are mergers and acquisitions, technological change, legal issues, whether market demand is expanding, and so on.
Provide your evaluation of how this firm might better respond to the challenges it faces.
Explanation / Answer
In a business, the success is defined by minimization of the risk associated with a decision. In every business is governed by certain legal laws and regulations which are important for the companies to follow in order to ensure smooth run of its business. In order to mange that every company needs compliance manger which make sure that company is following all due legal process and senior management is supporting the law of land. It can also be defined as control part of PDCA cycle which is the basic of any operation process. It tells us that management of the company should pay attention to the execution of business process and ensure that it all are within the legal boundaries of the company and fully support its policies. It helps the company in achieving its mission and vision. The compliance department should have a hierarchy which involves various designations like director who is among the senior management, manger who manages all compliance activities and compliance officer who implement the regulation on field and report if there is any deviation. The biggest management principle that one can learn from it is risk is very important part of the business and company should know how to manage it. Another principle is business should follow the law of land for being successful and sustainable in long ru