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Pages:
6 pages/β‰ˆ1650 words
Sources:
6 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 29.16
Topic:

Strategy and Trends Analysis for TikTok

Essay Instructions:

For the purpose of your individual assignment, select any ONE of the following TEN organizations:
PELOTON - Industry: Fitness
ALL BIRDS – Industry: Shoes
VW – Industry: Automotive
SHOPIFY- Industry: Retail
CROWDSTRIKE- Industry: Cybersecurity
TIKTOK – Industry: Social Media
SPOTIFY- Industry: Music Streaming
HOTEL CHOCOLAT- Industry: Chocolate
LUSH COSMETICS- Industry: Cosmetics
YANDEX- Industry: Technology
DOORDASH- Industry: Food Delivery
DANONE- Industry: Food Products
***USE TIKTOK PLEASE****
You should aim to select the organization and specifically industry in which you have a strong personal interest. You may gauge your interest if you see yourself working for the firm or in this industry or even you may be considering launching a start-up in this industry.
Analysing the Industry and Organization
Familiarise yourself with the industry and your selected firm. Collect data on what has been happening in the industry over the past couple of years. What trends are emerging? Where is the industry heading towards with regards to margins, competitive rivalry and why?
You should use publicly available information to begin your analysis: the organization's Web site and corporate section is often the best starting point.
There is abundant research available on the industry and organisation. Remember, however, that you are using the Web site as a source of data for the analysis; do not simply copy material off the Web site. Your assignment is an analysis, not a data-dump. In addition, the FT.com, Wall Street Journal, Bloomberg or Lexis-Nexis database provides useful material on many organizations.
Introducing your assignment:
Rather than directly jumping into answering the questions, it is good practice to use a report format. Start by introducing your firm, its evolution, the industry it operates in and what you will be covering in the assignment (150-200 words)
Questions to cover in your Analysis:
Your analysis should lead you to answer the following 4 questions:
Question 1: Using Porter’s five forces and PEST framework analyse the main forces that have an impact on profitability in the chosen industry. Pay particular attention how these forces have evolved as a result of COVID-19. (Max 500 words)
Question 2: What are the unique resources and capabilities (if any) that give your chosen firm the market power to compete effectively in this fiercely competitive market? Evaluate the effectiveness of these resources and capabilities in home and global markets (Max 400 words)
Question 3: Identify and discuss the business models which are emerging in the industry as a result of COVID-19 and/or the unfolding of rare events in Europe. Having discussed the industry context, assess the strengths and weakness of your chosen firm’s business model. You may want to consider both near and long-term possibilities. (Max 400 words)
Question 4: If you were invited to a lunch with the board members of the firm with a specific mandate to provide a set of strategic recommendations for short, medium and long term that will enable the firm to build resilience and a sustainable competitive position in global markets, what would your strategic recommendations consist of? Pay specific attention to rare events (e.g., Covid-19/security situation in Europe) and/or mega trends in the industry (automation, AI etc.). You can apply frameworks from the blue ocean strategy to discuss the moves your chosen firm may make. (Max 500 – 550 words)
Important: Your report has to read as a concise management report, which you should be confident to read as a manager yourself or be ready to present it to your senior manager.
You will be assessed on (a) the depth of insight (b) justification of your argument, and (c) quality of course content application. Simply answering the questions is generally worth up to 60%; additional observations referencing material gleaned from your primary and secondary research and applying class lectures and readings are worth an additional 40% of the weightage assigned for this assignment.

Essay Sample Content Preview:

Strategy Assignment on TikTok
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Strategy Assignment on TikTok
TikTok is arguably one of today’s leading social media platforms in the world. The app is the best destination for accessing short-form mobile video (TikTok, n.d.). Noticeably, the mission of this influential video-centered social networking service is to bring excitement and to stimulate creativity. The firm has global offices across different cities of the world, including Tokyo, Berlin, New York, Mumbai, Los Angeles, Seoul, Dubai, and Paris (TikTok, n.d.). The corporation has recorded remarkable evolution since its inception. For example, in 2017, ByteDance Ltd, a Chinese technology startup acquired Musical.ly, a famous Chinese video app with lip-sync features and with 200 million users globally (Fortune Media IP Limited, n.d.). The purchased firm was particularly popular among American teenagers. In 2018, ByteDance Ltd renamed Musical.ly into what is currently known internationally as TikTok (Fortune Media IP Limited, n.d.). Over the years, TikTok has witnessed significant growth in the contemporary social media industry. Recent projections suggest that the firm’s advertisement revenue could triple in 2020 to more than $11 billion, surpassing the combined income of its key competitors Snap Inc. and Twitter Inc (Satija, 2022). The purpose of the present report is to analyze the modern social media industry using the case of TikTok.
Porter’s Five Forces and PEST Framework
Porter’s Five Forces is undoubtedly an effective tool for examining the key factors that impact the competitive edge and profitability of various, including those operating in today’s social media industry. The model supports a strategic evaluation of the different interactions between companies and the parameters that determine their relative positions and success with the structure in question (Marshall, 2013). The scholar explains that Porter’s Five Forces provides strategic analysts with useful insights about the structure of any areas using the eponymous five forces, namely: (a) threat of new entrants into a firm’s market; (b) bargaining power of the customers or buyers; (c) threat of substitutes of services or products; (d) bargaining power of a company’s suppliers; and (d) rivalry among the existing competitors.
One of the main forces that can particularly impact the profitability of companies in social media industry is the threat of new entrants into the sector. Technological advancement and innovation has resulted in many companies entering the contemporary social media space. For example, new social media apps are emerging and penetrating the global market at unprecedented rates. The cases in point include Pinterest, Shopify, Clubhouse, Discord, Signal, Caffeine, and Telegram (Olszowska, 2021). Undoubtedly, the entry and subsequent growth and popularity of these emerging social media platforms could result in key apps, for example, TikTok and YouTube, recording significant decline of profits. Peng (2021) observes that the short video industry continues to experience substantial investment and financing, with a high appeal for e...
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