Business Strategy Assignment Example | Topics and Well Written Essays - 2000 words

Business Strategy - Assignment Example Crystal Jade is listed as one of the top market performers and they still strive to maintain their position through laying various business strategies. Limited barriers to entry inform of patents and rights. Most of foods and beverages offered by Crystal Jade are not strictly regulated through patents and legal rights making it easier for other players to sell and offer similar goods and services. No technical skills required to start up a firm. Unlike in highly controlled industries such as law, engineering, and medical where technical skills is paramount no or limited technical ability is required to start and run a restaurant successfully Competitors are high in number and equally balanced in key areas of operation. Crystal Jade is face intense competition both locally and internationally. Key among its competitors include but not limited to Old Chang Kee, Sakae Sushi, KLG, Marrybrown Restaurant, Es Teler 77, and Hoka Hoka Bento. Crystal Jade has been enjoying political stability all its areas of operation. The company currently operates at least 121 outlets in approximately 9 different countries across Asia and in the United States all of which are political stabile. However being a multinational company Crystal Jade has to deal with varied public issues such as taxation policies, different trade and labour laws and regulations which may have direct impact on the operations of the business. For instance, The US operate different labour and tax laws compared to China and Singapore and such differences may be a significant challenge to the growth and expansion of business if they are not addressed effectively. It is quite plausible that Crystal Jade is operating its business in a number of the most flourishing economies in Asian region. Key global economic bodies such as World Bank and IMF have ranked China, Singapore, Thailand and Indonesia as being among the fasted growing economies globally