Strategic Management and Strategic Competitiveness Essay - 5

Strategic Management and Strategic Competitiveness - Essay Example Impacts of Globalization and Technology on AECOM The inception of globalization and advancement in technologies has facilitated AECOM to expand its business operations across the globe. At the same time, the operational performance of the company has also witnessed certain severe impacts with the advent of globalization and the advancement in technologies. Correspondingly, with the rise of globalization the company was able to spread its operations all over the world to a large extent and has considerably attained the benefits arising thereon. Owing to lessen trade barriers, the company was able to provide its services to different regions of the world and ensure its active presence in the global arena. It has also been ascertained that the continuous expansion of the company is largely due to the operational opportunities presence in various nations of the world. Apart from this, the use of advanced technology is also another factor that has immensely contributed towards the reasona ble success of the company. The use of new technologies has enabled the company to exploit unreached business opportunities in the most efficient and convenient manner. Furthermore, the incorporation of the latest technologies has also facilitated in enhancing the quality of services of the company to a considerable extent. However, apart from these positive aspects, globalization has increased the level of competition for the company. Prior to globalization the operations of the company was almost monopoly without much threat of the competitors. However, with the advent of the globalization and technological advancement the AECOM has significantly resulted in the breaking of its monopoly from the marketplace. (Parker, 2005). The Application of Industrial Organization Model and Resource-based Model It has been noted that, the performance of the company is considerably good over the years. However, implementation of the industrial organization model and the resource-based model can b e effective in enhancing the performance of the company up to the next level. Since, the company operates on a larger scale and in a widespread market the industrial model is ascertained to be vitally effective. The industrial model advocates that it is the sole decision of the company to operate in a particular market and determines its performance. Additionally, the implementation of this model will facilitate the company to choose less competitive market for its operation which can ultimately raise its performance graph. On the other hand, the resource-based model can also be valuable in its several ways. This model reflects the ability of the company to collect valuable internal resources and build strategies in accordance to the available resources. The company can first choose resources for its production and utilized the same at the largest extent so that it can gain competitive advantage over its rivals. Subsequently, the company needs to choose an appropriate market for its services with less competition and formulate its strategies accordingly to reap the best benefit arising from the selected market. It can be argued that these models would eventually upgrade the performance of the company to a greater extent (Heracleous, 2003). Influence of Vision Statement and Mission Statement on AECOM The operation of the company has seen to be quite successful especially owing to its strict adherence to its mission and vision. It