MBA 745 Module 1 Reflections

As I reflect on this weeks I was first reminded of the characteristics of the growth stages and leadership required for that phase of business. As I look toward the mature stage of the business lifestyle changes begin to occur for the leader and role that leader must take. It was interesting how others in the class selected different companies as they selected them for the bulleting board. In replying to individuals I engaged in more research to validate my responses to their selections. It was interesting to read one article that I shared with the class defining the characteristics of what happens in the mature stage of business. In the article, Sears was the example, it holds true that during growth if the leader is to sustain success they must look for other opportunities by doing research and applying that knowledge to their situation to give them an advantage.

Next I read about the history of the printing interesting and how the life of this very old profession began in Egyptians times and how it has evolved to encompass the entire world. The problems that the industry has faced throught years of printing from woodcuts to the new digital era as it looks to the future of what the industry will require to stay alive. It was a fitting example of how economical situations, supply and demand, and the challenges it faces as the printers look for new strategies to continue growth. Competition becomes fierce for any business as they grow to become to become the largest in their industry.

The five generic business strategies was an eye opener when I discovered the pros and cons of each. It my mind I would think it is best to have a low-cost strategy but in today's habitually fierce competition one must look for other opportunities to move them forward. To be broad differentiation seems to be a strategy with the higher risk but a bigger pay off. This can make the difference in succes for a company or failure.

I look forward to applying the knowledge I gained through this Module throught the course as I work with my team, my professor and classmates to become one step closer to the prize of a graduate degree.