Transferable Learning Assignment Example | Topics and Well Written Essays - 4250 words

Transferable Learning - Assignment Example This paper intends to examine into details the external and internal factors that promote or demote the continuity of the company. The analysis is intended to be done by use of PESTEL analysis. Moreover, the Porters Diamond Concept is intended to be applied in examining the strategic planning; the five forces of an industry set up and value chain because of differentiation advantage particularly in creating and sustaining the market niche (POWER ENGINEERING INTERNATIONAL, 2009). Centrica’s market niche is complex because it occupies both local and global market spaces. Numerous factors of sustaining the market nice will be discussed. Furthermore, the paper intends to explore diverse competition mechanisms used by the company’s management in sustaining the competition level with other players in the same industry. It is imperative to note that, the dynamic nature of the global market the overall company development ion diverse sectors requires specific skills to full realize the whole potential of resource utilization (HUMAN RESOURCE MANAGEMENT INTERNATIONAL DIGEST, 2009). The said skills should be embraced by the managers who are required to possess exemplary abilities to detect the company’s trends and act in tandem with the market demands within the same industry (POWER ENGINEERING INTERNATIONAL, 2009). The managers should not only rely on the internal resources but also the attributed environmental considerations, which affect the operations and trends of the company. Some of these factors include fundamental market features, whic h can affect and dictate the strategic business implementation and sound decision making from available options. The forecast of subsequent political, social, economic and technology implications in tandem with the company’s vision and ambition will ensure successful and purposeful development of the