Business Strategy Essay Example | Topics and Well Written Essays - 1250 words - 2

Business Strategy - Essay Example Thus, the goal of this paper is to identify and recommend specific measures on how the proposed transition in ownership can be best managed with the interest of both parties in mind. This paper will primarily answer the biggest issues that Walden and Able faces which includes their different strategies and success metrics. How would you reconcile Ables need for building market share (long-term strategic business objective) with Waldens drive for year-to year quarterly increases in sales and pretax profit (short-term, corporate objective)? The current strategy of Able is building market in order to efficiently distribute costs. The business organization believes that in order to be successful in its industry, in needs to capture most of the market. The strategy can be seen as a long-term business objective. On the other hand, Walden pursues a short term corporate objective of increasing its quarterly income and pre-tax profits. At the first look, these two strategies seem to be in direct contrast with each other. For one, the focus of Walden is in the short run while Able is concern in the long term. However, looking more closely, both of these strategies can be simultaneously pursued as they will be bringing in the same results for the two business organizations which is growth. It can be argued that establishing the quarterly goal of revenue and profit increases can be attained through revamping the whole operation of Able and in the long run can help it earn a sizable share in the market. Walden’s acquisition of Able can be largely help the latter to pursue its goal of increasing market share and record sales and profit increases each quarter. It should be noted that aside from circular saws, Able’s products are only able to corner no more than 3% of the market. This is amidst the fact that there is a large and growing