This website uses cookies to ensure you have the best experience. Learn more

A Company That Has Practiced Survival Of The Fittest. "Choose A Company That Faced Significant Obstacles And Had The Foresight To Dramatically Adapt Their Strategy/Strategies To Maintain Or Regain Success And Profitability."

1249 words - 5 pages

Untitled

Charles Robert Darwin an English naturalist proposed a scientific theory proved from what he called "natural selection." The fittest survive by a process of natural selection, Darwin describes this process:

"As many more individuals of each species are born then can possibly survive; and as, consequently, there's a frequently recurring struggle for existence, it follows that any being, if it vary however slightly in any manner profitable to itself, under the complex and sometimes varying conditions of life, will have a better chance of surviving, and thus be naturally selected… from the strong principle of inheritance, any selected variety will tend to propagate its new and modified form."

Basically, it is the processes by which heritable traits that make it more likely for an organism to survive and successfully reproduce become more common in a population over successive generations. Thus some individuals will survive and reproduce more successfully than others in their current environment. This theory of Darwin has been applied to the business world along with the famous economist, Alfred Marshall idea, "life cycle". Marshall's idea is referring to the life span of a company, where it rises and falls on its journey down the road. Darwin and Marshall together, point in relevance to companies, emphasizing the crucial importance of adaptability. Organizations, just like living organisms must adapt to its changing environment to survive. Darwin makes it clear that the adjustments don't have to be dramatic, minor changes will make big changes to survival.

There are many examples out there of company's out there which have either failed, went bankrupt or succeeded and survived depending on how they adapted to the market at that point in time. Whether they must put out a new product on market, offer a new unique service or even restructure their methods and strategies - all companies must constantly adapt to the people's needs and new competitors to survive.

I chose a company that I am very familiar with as an example to: "Choosing a company that faced significant obstacles and had the foresight to dramatically adapt their strategy/strategies to maintain or regain success and profitability." American Greetings is the second to largest greeting-card company in the world, hallmarks now being the first. The reason for being familiar with this company is because my 7th and 8th grade classes were located in Jacob Sapirstein mansion, now called the Sapirstein Campus. American Greetings is based out of Cleveland Ohio (my home town) and was founded by a Jewish fellow named Jacob Sapirstein in 1906. With a net income of 84.4 million, the company employees over 18,000 people nationwide. In addition to American Greetings, the company now owns the Carlton Cards, Tender Thoughts and Gibson brands of greeting cards. Sapirstein's son, Irving I. Stone became Founder-Chairman...

Find Another Essay On A company that has practiced survival of the fittest. "Choose a company that faced significant obstacles and had the foresight to dramatically adapt their strategy/strategies to maintain or regain success and profitability."

Culture: How to impact on business operation of the company that you choose

4180 words - 17 pages for a long time. I believe that the company must continuous to rely on their globalization strategy that helps themselves developing in popular culture and global market. The company will also continuous to pursue their localization tactic with local partner. Because of their "Think locally" attitude, the company has been able to globalize their industry. Today, Coca-Cola is the global conglomerate and we can forecast: Anywhere you go in the

Imagine that you are the Director of Admissions at Ashesi University College and you had to choose from among a group of very well-qualified appli

791 words - 4 pages which we feel is needed in addition to excellent academic performance as a basis to consider when admitting students into the higher academic environment. These we believe will serve to compliment the high academic performance expected of each student and also to prepare them to face the challenges of life after University. It must also be noted that, though crucial, Excellent academic performance is not the only thing that guarantees the success

Strategic Quality Management and Customer Satisfaction Paper Choose a company that a team member is familiar with Conduct a SWOT analysis for the company

1359 words - 5 pages ) is a company-wide strategy to increase customer satisfaction and improve experiences with our products, programs, and services." (Microsoft.com) Microsoft also has a program called the customer service improvement program and this program provides Microsoft with real-time feedback about any customer experience. Their priority is the experience you receive from them.SWOT AnalysisStrength- One of the strengths that Microsoft has is their customer

Janus Capital Group: History of the company, What are the ethical dilemmas that the management has faced?

2805 words - 11 pages fees to fund shareholders. But who will repay owners of Janus Capital stock who saw the company lose nearly $1 billion in market capitalization?There are two ways to handle a crisis: proactively and reactively. Prior to their mutual fund scandals Janus has always taken more of a reactive approach. In 1997, fund manager Ron Speaker was accused by the SEC with usurping an investment opportunity from shareholders. In that action, Speaker settled the

The Mongols Were Able To Maintain Their Military Superiority Due To An Ability To Learn New Techniques And Adapt To Different Situations

2025 words - 9 pages amongst tribes as tribes are bound to meet each other and vie for territory or grazing lands in their seasonal roaming around the steppes. Growing up such harsh environments of the steppes and being constantly on the move from one place to another in search of food and water made the Mongols a hardy race and together with their upbringing, produced warriors that adhere to a 'survival of the fittest' way of life, especially on the battlefield

A case study of Bombardier with SWOT,internal and external elements which add to the company success

3546 words - 14 pages Executive Summary:Bombardier Inc. (BBD) has seen net profits fall 163.1% from 2000 to 2002. In an effort to regain profitability, it has embarked upon a concentration strategy to focus on its core competencies of aerospace and mass transit, which would be supported by Bombardier Capital and Bombardier International. Secondary research, from sources such as company documents, journals and other online materials have been acquired to present

A case study of Walmart Stores Inc. with SWOT,internal and external elements which add to the company success

2087 words - 8 pages way product is kept up to date and stocked by the supplier. Programs such as the "Buy American Program" which Walmart inititated. Encourages suppliers to manufacture or get supplies from U.S. Companies. Walmart also initiated an advertising campaign to make the public aware of their intentions. Walmart has incredible strength is sales and their bottom line but could this also be a weakness? Walmart critics have accused the company of not so

As a manager at Blue Mountain Company, you have been asked to handle an employee that has violiated the rules of the company. Other than dismissal, how would you handle this situation?

856 words - 3 pages escort intoxicated people off the parking lot onto the public roads, he still had taken an oath that required him to report it to the proper authorities (p. 318).By using the complicity theory, I will know how to handle this situation and what type of disciplinary action to take, if any. The first point in this theory is, what he revealed must derive from his work for the company (p. 302). David Tuff has this information because he works for the

Ships of the Honourable East India Company J Murdoch The Honourable East India Company was a response to the Dutch East India Company . This paper discusses the evolution and design of their ships

2810 words - 11 pages . Little did anyone know that the desire for nutmeg would create a company that ruled the Asian sub-continent with an army of administrators in London, a private military and navy in Asia.After a shaky start using ships displacing 700 to 1000 tons the Company's typical ship size was soon reduced down to 499 tons displacement . The smaller ships had better sailing qualities and trade was yet to develop to a level where the behemoths were required. The

Case study of national insurance company and full analysis of the problems faced by the company

2602 words - 10 pages Executive SummaryThe main purpose of this report is to analyse the condition and working ienvironment of National Insurance and Investment (NII) a company whose main business in selling and servicing insurance packages for both individual and corporate customers. So it is basically is call centre, which respond to the clients of its customers on their behalf. So the purpose of this report is to understand the variousssues in National Investment

Robin hood Case and options available to Robin hood and robin hoods situation similar to that faced by a start up firm in the modern era

1723 words - 7 pages similar to that faced by a start up firm in the modern era?Like the Robin Hood case many start up firms take over the market share in the beginning but inadequate resources to fight back the big competitors becomes a reason for the downfall of the start up firm. Moreover the start up firms come up with a short term plan and in order for them to survive the option they will have is a merger with another company which might sometimes be a success and sometimes even these mergers will not help them fight the competition from the bigger firms.

Similar Essays

Discuss Some Of The Obstacles That Can Hold Social Workers Back, In Their Efforts To Achieve And Maintain Good Practice

1001 words - 4 pages Social work is a caring and rewarding profession that involves working with vulnerable members of society, enabling them to acquire a better life for themselves. Although Social work does have its benefits and sense of achievements it can also be very challenging and stressful for the worker. There is a general awareness, of some of the barriers that social workers face in their profession, but there is also an essential need to promote

Marks And Spencers Has Had A Consistent Record Of Success And Profitability Until Recently

1785 words - 7 pages The Downfall and climax of Marks and spencer'sMarks and Spencers has had a consistent record of success and profitability until recently when they were suddenly hit by falling sales. Marks and Spencers were totally unprepared for this and while they were developing new stores and expanding the business their competitors were strengthening.Because Marks and Spencers have been highly successful and competitive for so long their was no pressure to

What Do You Understand By The Term Marketing Environment? Describe How A Company May Control And/Or Adapt To Its Marketing Environment So As To Develop An Efficient Strategy. Give Suitable Examples

1070 words - 4 pages meal. When it comes to technology, more and more people are becoming computer literate. What better and cheaper way to reach a large number of people from anywhere in the world than to advertise on the internet? Marketers have noticed a "Boom-and-bust" cycle in the economy which shows that every eight years or so national economies tend to go into recession. The company can prepare for this by cutting costs, surplus stock and overheads, such as

Macro Environment How To Impact On Business Operation Of The Company That You Choose

3169 words - 13 pages operation and decision making-designing, labeling, distributing, advertising, and promoting goods and services. The management of PepsiCo realized that major regulation has already impact on their marketing activities. To cope with the vast, complex, and changing nature of the political-legal environment, many larger companies maintain in-house legal department like PepsiCo. In addition, as a foreign company, marketers must comply with China's