Stategic Managment - Board Report on MarketPlace Progress Essay

Stategic Managment - Board Report on MarketPlace Progress - Essay ExampleEven though the overall performance may not look substantial in the branch quarter, market saturation has been acknowledged as one of the factors that led to the projection of these results. According to the financial reports of the firstborn quarter, there has been a weak financial return, a clear indication that the company has semipermanent focus attributed by stock turnouts (Grunig and Kuhn 2011).After the deuce-ace years in this industry, Tech Nova Company has been considered as the third best in travelers demand with a total return of 448 points after universal and pineapple plant computers. However, the marginal difference was quite narrow and can be easily attained. Moreover, the organisation forms the third best overall in market share. While air to achieve its best competitive edge, the organisation has also put in place mechanisms to catch up with the second best firm before move more emphasis of competing with the leading company (Dobson 2004).Tech Novas market segments are characterized by more emphasis on both workforce and the travelers. However, in vogue(p) reviews have pointed it out that much more can be generated from the workforce as compared to travelers. In addition, achieving substantial results from both is even easier through adjustments of the previous results. The organisational long-term intention is to venture in to the market for Mercedes because, this is one of the leading firms whose monopoly within the first quarter is an indication of good potential for the market (Betz 2001).From the preliminary results of the first quarter, Tech Nova has been competing only within three markets, but due to the organisational potentials, other markets have been identified. The company can make expansion regionally to areas such as Tokyo and Toronto since only PineApple has been dominant in these areas. The main organisational objective is to expand its market