Final Strategic Plan

Running head: TAKE-TWO INTERACTIVE 1

TAKE TWO INTERACTIVE 5

Strategy analysis of Take-Two Interactive Company

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Strategic management in companies involves multiple actions such as thinking critically, setting objectives for the firm, planning, executing necessary changes, and analyzing the results. Strategic measuring includes three levels. The following paper evaluates the three strategies; first, the paper discusses business-level strategy, corporate-level strategies, before ending with global level strategies. The paper wraps the discussion by looking at the recommendation for the selected company, which is Take-Two Interactive. All the elements are as discussed below.

Potential Business Level Strategies for the organization

A company's business-level strategies strive to satisfy the venture's customer wants and preferences for them to achieve above-average returns. These strategies indicate the events which the company takes to deliver quality services, value, among many more to the clients. The strategies aid the business in accomplishing its competitive advantage by exploiting the main competencies within the industry (Albany, 2020). This level of strategy analyzes the company’s position within the industry and compares it to its competitors. Core business-level strategies are focus, differentiation, together with cost-leadership.

Cost leadership is where the firm competes with the rest in the industry over a price that is favorable to the customers. The stated price is usually one set based on internal efficiency for the company to incur a margin that withstands returns above average. Continuous efforts in reducing the costs are necessary to become a cost leader. Cost leadership can be achieved by reducing expenses associated with sales, R & D, control overproduction, and expenses, among others.

Differentiation is the second business strategy where value is offered to clients via special features of the firm's products other than using the lowest price. The company delivers high quality, characteristic, quality services, quick innovations, and progressive technological features. Some risks that follow the differentiation method include loss of value, imitation, and uniqueness.

Focused differentiation and low focused cost are sometimes used by firms whereby the companies engage in competition not just through differentiation but choose a small part in the industry to deliver products. The companies utilizing low-focused costs do not go in for low prices alone; they want a small section of the market to provide products and services.

Take-Two Interactive utilizes two methods of business-level strategies. The company uses cost leadership and differentiation. With cost leadership, the company targets the middle-class group of individuals. This group of people values the cost of products over the rest of the items. The company concentrates on affordability and quick reach to items across the whole world. The also emphasizes the uniqueness of its products (Maino, 2020). The company also increases innovation in its line of production and uses the same to address concerns over health issues with the clients. The first scenario is where the company grew its product line on learning about their client's varying interests so that it can differentiate itself from the other rivalry competitors and expand its scope of opportunities in the market.

Potential corporate-level strategies for the organization

Corporate level strategies.

A corporate-level strategy is an accomplishment that is taken to achieve a competitive advantage through the selection and management of a combination of businesses contending in many trades or product markets. A corporate strategy ought to able to make the firm or one of its units of the company accomplish one or much of the creation of value functions at costs that are low or even in a manner that give support to the advantage of differentiation. This strategy is a way for a firm to generate value through the confirmation and management of multi-market accomplishments. There are types of corporate-level plans that a firm may employ to ensure the proper distribution of the firm's needs. They are the stability strategy, retrenchment strategy, expansion strategy, and the combination strategy (indeed, 2020).

Take-Two Interactive Company is a software that is the developer, publisher, plus dealer of the entertainment for customers all over the world. This frim attempts to the most creative, inventive, and well-organized firm. This particular firm's central strategy is to take advantage of video games' popularity by expanding and reproducing high-quality interactive entertainment involvements across various genres. This frim has potential corporate level strategies that have been put in place. One approach is giving support to the label organization to target the different segments of the market. Another strategy focuses on the fundamental strength of coming up with and selecting titles of high quality and taking control of the developing technologies, podiums, and channels of distribution, comprising the Digitally Delivered Content (Take-Two Interactive, 2012). This company has also implemented the expansion strategy, where it aims to expand its business at the international level, mainly in Latin America, Asia, plus Eastern Europe. For the expansion of their business, they have opted to broaden the distribution of their products that are already existing.

Potential global strategies for the organization

Global business strategies refer to the methods used by the company while interacting with other countries. Global integration refers to the extent to which a firm can utilize similar items and techniques but in different nations. Examples if global business methods include export, standardization, multi-domestic, together with transnational.

Exportation is utilized when a firm concentrates on local operations. With the method, the company does not need to move to other countries but takes its items to take advantage of international openings. Standardization is where an organization treats the entire world as a single market. The assumption for this kind of exchange is that a single product is likely to meet individuals' requirements everywhere. A standardization method delivers efficiencies through centralizing the most popular events like product design. The multi-domestic strategy makes items or processes to suit the conditions of every nation. Transnational is a combination of both the standardization method and the multi-domestic ways. The technique is utilized when the venture is experiencing significant cost pressure, mostly from international rivalry firms, even though it must also give items that achieve the local client demands (Lumen, 2020). The approach is hard to maintain due to facts that the firm has to achieve economies of scale.

From the above analysis, it is recommended that Take-Two Interactive firm engages in business and corporate-level strategies. Every business should be concerned with establishing the main customer base and concentrate on maintaining the group. The business-level procedure involves maintaining the group of customers found, which is critical for company sales. The company also implements corporate strategy as it takes care of the developing technologies and improvements in technologies in different nations. The company ensures that it enjoys operation in different markets, and the two strategies would completely suit the firm as it strives to improve its sales.

References (2012). Retrieved from Take-Two Interactive: https://ir.take2games.com/static-files/0dfa4a92-066e-472d-8770-68583521987a Albany. (2020). Business-level strategy. Retrieved from https://www.albany.edu/faculty/es8949/bmgt481/lecture4.html#:~:text=Business-level%20strategy%20is%20concerned,a%20organization%27s%20business-level%20strategies. indeed. (2020, February 25). Retrieved from What Is a Corporate-Level Strategy?: https://www.indeed.com/career-advice/career-development/corporate-level-strategy Lumen. (2020). Global Business Strategies for Responding to Cultural Differences. Retrieved from https://courses.lumenlearning.com/wm-principlesofmanagement/chapter/responding-to-cultural-differences/#:~:text=The%20two%20dimensions%20result%20in,local%20responsiveness%20and%20global%20integration. Maino. (2020). Revisiting the strategic management process through the levels of strategy analysis. Retrieved from http://www.ipublishing.co.in/ajmrvol1no1/volsix/EIJMRS6004.pdf