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 first quarter, market fecundation has been acknowledged as one of the factors that led to the projection of these results. According to the financial reports of the first quarter, there has been a weak financial return, a clear indication that the company has long-term focus attributed by stock up turnouts (Grunig and Kuhn 2011).After the three years in this industry, Tech Nova Company has been considered as the third scoop up in travelers demand with a total return of 448 points after universal and Pineapple computers. However, the marginal distinction was quite narrow and can be easily attained. Moreover, the organisation forms the third best overall in market share. While striving to achieve its best competitive edge, the organisation has also put in place mechanisms to catch up with the second best firm before putting more violence of c ompeting with the leading company (Dobson 2004).Tech Novas market segments are characterized by more emphasis on both men and the travelers. However, latest 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 menace 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 probable for the market (Betz 2001).From the preliminary results of the first quarter, Tech Nova has been competing scarce 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