Question.3889 - Discussion week 2
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Strategic Management Discussion Week 2 Since the policies of the party in power can directly impact the economic environment, political elections are important external considerations for firms. Taxation, regulations, trade policies, labor laws, and environmental obligations can all change when the government changes. For instance, the Tax Cuts and Jobs Act of 2017 lowered corporate tax rates when the Republican Party took control of the U.S under the Trump administration. Reducing tax obligations, promoting capital investments, and boosting profitability for several organizations significantly affected enterprises (Tax Policy Centre, 2018). On the other hand, the Biden administration pushed for more stringent environmental regulations, which affect sectors including the energy and automotive industries (Smith, 2021). Examples Amazons distribution network and logistics are its unique strengths. The company has a competitive advantage over other e-commerce platforms because of its innovative storage, automation, and delivery capabilities, which enable it to supply products quickly (Stone, 2017). Innovation in electric vehicles and sustainable energy solutions are 2 of Tesla's unique strengths. The corporation stands out as a pioneer in the clean energy sector due to its emphasis on advanced battery technology, autonomous driving, and renewable energy products (Ives & Jonas, 2020). Design and ecosystem integration are Apples unique strengths. Apples emphasis has cultivated customer loyalty and a premium brand image on aesthetically beautiful user-friendly products and the seamless integration of its gadgets (Khan, Alam, & Alam, 2015). References Smith, D. (2021). How Bidens Environmental Policies Impact Businesses. Business Insider. Stone, B. (2017). The Everything Store: Jeff Bezos and the Age of Amazon. Little, Brown and Company. Tax Policy Center. (2018). The Effects of the 2017 Tax Cuts and Jobs Act on Businesses.More Articles From Strategic Management
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