Trading bloc member Case Study Example | Topics and Well Written Essays - 2500 words

Trading bloc member - Case Study Example With the advantages gained through NAFTA, Quaker Fabrics products can now be resold to customers at a lower cost than it would have been had there been tariffs and licenses fees to honor. They are now able to freely access the Mexican Market and present a much more favorable deal to their partners in that country. It is now cheaper for both partners to conduct business. Quaker would also receive Preferential treatment as opposed to an outsider. Quaker now have an advantage over producers from Asia who export fabric to the United States but do not use US fabrics. (281) This results in an even bigger market for the company but serves as an disadvantage for the Asian producers who may now have a bigger challenge on their hands. They may now have to cut staff and production as there is not enough market to support them as before. In this case Quakers is now able to market their business to other businesses as being cheaper, better quality by customer preference which makes its fabrics more marketable. This may lead to business expansion and the ability to employ more persons for all the partners involved. Greed is essential for competition and survival purposes within the Business to Business marketplace. Business to Business will from hereon be referred to as B2B. ... They may now have to cut staff and production as there is not enough market to support them as before. In this case Quakers is now able to market their business to other businesses as being cheaper, better quality by customer preference which makes its fabrics more marketable. This may lead to business expansion and the ability to employ more persons for all the partners involved. 4 Business to Business Competition Greed is essential for competition and survival purposes within the Business to Business marketplace. Business to Business will from hereon be referred to as B2B. Survival of the fittest is a crucial principle within this arrangement. If an organization is to emerge as the fittest by creating and maintaining a competitive edge there are several factors that come into play. The first rule of the game is knowing your competitors and understanding the marketplace of which you are a part. Organizations have to employ strategic management tactics to arrive at the best analysis of the marketplace and use this to charter the way forward. Jain cites that, "A strategic plan specifies the sequence and timing of steps that will alter competitive relationships." (10). An organisation may have a brilliant strategy in its plans but the untimely implementation of this strategy will render it useless. In strategic planning, companies need to identify and clearly state their goals and "develop rational plans to implement them." (11). The core of strategic planning is based on the relationship of an organization to its environs.It is important that viable plans be put made based on existing and projected environmental changes. To cover all related areas of strategic planning and to execute a successful implementation