Professional Documents
Culture Documents
Report
Report
General metrics
21,969 3,060 219 12 min 14 sec 23 min 32 sec
characters words sentences reading speaking
time time
81 147 49 98
Issues left Critical Advanced
Writing Issues
49 Correctness
12 Confused words
3 Wrong or missing prepositions
7 Misspelled words
3 Determiner use (a/an/the/this, etc.)
1 Comma misuse within clauses
6 Incorrect verb forms
3 Faulty subject-verb agreement
1 Pronoun use
3 Misuse of modifiers
3 Incorrect noun number
2 Improper formatting
1 Conjunction use
4 Mixed dialects of english
7 Clarity
7 Wordy sentences
Sentence Length 14
Measures average sentence length words per sentence
Introduction
Leading the way in consumer electronics and sustainability, Dyson is a name in
the world of technology (Dyson.com, 2021). This report's objectives are to
evaluate Dyson's position in the market, prospective growth strategies, supply
chain efficiency, and ethical issues. The strategic landscape, opportunities,
threats, and weaknesses of Dyson are all revealed in the research through a
thorough analysis that takes into account Porter's Five Forces, PESTLE, VRIO,
and value chain. Furthermore, the Ansoff matrix is utilized to identify growth
choices and Dyson's YIPS model is employed to assess the reasons behind his
international expansion. The research also looks at Dyson's approach to supply
chain management and concludes with suggestions for enhancing ethics and
corporate social responsibility (CSR).
Task 1 –External and Internal Environment
PESTLE analysis
4
(Dias et al., 2023) stressed the need of looking beyond power and the
applicability of Porter's five forces for forecasting favorable conditions in
expansion projects. The climatic richness of raw material supplies in Europe
limits the supplier's bargaining strength in this market, as Larsen (2023)
demonstrates. However, the inside experience of skilled engineers and
designers is what gives suppliers their bargaining power and increases their
influence in the supply chain. These individuals are crucial to product
development. The competitive pricing of the products and the plethora of
substitutes on the market give consumers from different continents significant
negotiating power, which forces Dyson to take a calculated risk. Although
Dyson's cutting-edge technology is patent-protected (Kim and Kim, 2021), the
consumer electronics industry still faces significant competition from new
players. The significant investment requirements that come with this make it
even worse. On the other hand, the spread of alternatives in the Asian home
appliance industry has made Dyson's market positioning more vulnerable to
competition and increased their danger (Industry Research Co, 2023). In this
industry, some of the well-known rivals include Bosch, Electrolux, Whirlpool,
Samsung Electronics, Kin Yat, and Venture Corporation.
Internal analysis
VRIO Analysis
Wurthmann (2020) explains that the VRIO study, which was employed to
examine Dyson, is a crucial instrument for evaluating the internal environment
of a business. According to Dyson (2023), the company prioritizes investing
capital and income in research and development (R&D) to generate patented
technologies and showcase its unique assets. With his three sizable R&D
circular service initiatives (Pecorari and Lima, 2021). Innovation and moral
business management are encouraged by Dyson's corporate infrastructure,
which places a high importance on talent development and sustainable
practices. The company emphasizes its dedication to technological
advancement and environmental responsibility by focusing on research and
development, digital transformation, and sustainable sourcing (Dyson.co.uk,
2023).
Task 2 – Strategy in the Global Environment
Yips Framework for Motives
Aspects of Dyson's strategy for international expansion into new regions, like
Europe, Africa, the Middle East, and Asia, can be assessed using YIP's
6
Globalization Drivers Model (Finance Notes, 2022).In order for Dyson to
understand the necessity of market development in the target location, it is
7
crucial that it consider the first element of market drivers. For instance, it is
challenging to establish markets in Europe due to the saturation of already-
existing markets and the high cost of raw resources. Thus, new marketplaces in
areas like the Asian market where market expansion is feasible might assist
businesses in expanding their client(Paul, 2020). Moreover, cost considerations
are crucial for a company's internationalization. Enhancing operational
efficiency, for instance, lowers the cost of labor, raw materials, and existing
manufacturing units, lowering overall expenses in areas where basic fuel is
inexpensive (Kaydos, 2020).
8
Figure: YIPS Model Application for finding Dyson's Motives
Apart from the aforementioned drives, Dyson's global endeavors are also
significantly impacted by government drivers. Adegboyo, Keji, and Fasina
In arrange to meet the different client tastes of the Asian advertise and
construct its clientele, Dyson can in this way take advantage of its advertise
10
improvement strategies in these ranges. Dyson can utilize a enhancement
methodology in light of the region's tall level of innovative progression and the
challenging conditions confronted by the African advertise. By absolutely
11
deciding the requests and patterns of these ranges, unused merchandise and
12
administrations can be presented (Cela et al., 2021). To encourage meet the
13
requests of these modern markets, differences isn't enough—cost-effective
and maintainable arrangements are moreover required. Item improvement that
14 15 16
requests to buyers in these areas is fundamental to realize this. The
advancement of innovative products is Dyson's center mastery, and this can be
17 18
the center of its technique. In spite of seriously competition from other buyer
gadgets firms, the company is dedicated to maintaining its status as a pioneer
in cutting-edge item creation. In arrange to achieve this, strategies such as
improving competency-based promoting strategies, joining client input into
item plan and advancement, and invigorating imperative key organizations
19
together in inquire about and development are utilized. All things considered,
20
Dyson's arrange for extending globally mixes advertise advancement in Asia,
advertise entrance within the Center East, and expansion in Africa. With these
choices, Dyson may take advantage of extraordinary openings and handle a run
of territorial troubles. Dyson is committed to progressing improvement and
21 22
showcase separation in its interest of being a worldwide pioneer in buyer
gadgets items. To this conclusion, the company employments feasible and
23 24 25
inventive items whereas too considering the one of a kind necessities of each
26
markets.
Market entry
result, the business can learn about the advantages for customers, legal
requirements, and preliminary market research (Di Fatta et al., 2018). The
positioning strategy of a business is centered on locating gaps in the market
that can be filled to cater to the unique needs of clients. Given this, Dyson is
attempting to appeal to middle-class consumers who are used to cutting-edge
household goods like cordless and bagless vacuums. This vision is founded on
the company's notable accomplishments and its track record of successfully
introducing innovative items to the market.
Dyson can deliberately employ licensing as a key entry strategy by distributing
their ground-breaking technology in conjunction with respectable businesses
31
in their target areas.By utilizing the production capability of local partners,
32
Dyson is able to swiftly join the market without having to make significant
upfront investments (Demsetz and Lehn, 2023). One of the best examples of a
profitable licensing approach is Nike (Thomas, 2022). With this well-thought-
out plan, Dyson may emulate Nike and grow into a major, globally recognized
sportswear brand.
After witnessing a favorable reaction and heightened demand during temporary
exports, Dyson can go to the next stage of market penetration by forming Joint
Ventures in developing markets (Bingol and Begec, 2020). Furthermore, Dyson
can acquire local market knowledge and distribute its products more
successfully with this strategy, according to Prat, Escriva-Beltran, and Gómez-
Calvet (2020), all the while maintaining some degree of brand control.
Recommendations
The Dyson Company intends to implement a few techniques to deal with
current issues and boost productivity. First and foremost, Dyson can lessen its
environmental impact and set an example for sustainability by utilizing eco-
friendly materials, cutting energy use, and encouraging product recycling
References
Adegboyo, O.S., Keji, S.A. & Fasina, O.T. (2021). The impact of government
47
policies on Nigeria economic growth (case of fiscal, monetary & trade policies).
Future Business Journal, 7(1). doi:https://doi.org/10.1186/s43093-021-00104-
6.
48
Atkinson, R., 2021. Alpha city: How London was captured by the super-rich.
Verso Books.
Bagnoli, C., Albarelli, A., Biazzo, S., Biotto, G., Marseglia, G.R., Massaro, M.,
Messina, M., Muraro, A. & Troiano, L., 2022. Strategic Innovation Driven by
Digital Transformation. In Digital Business Models for Industry 4.0: How
Innovation & Technology Shape the Future of Companies (pp. 1-48). Cham:
Springer International Publishing.
Beltagui, A., Nunes, B. & Gold, S., 2022. Sustainability & the digital supply
chain. In The Digital Supply Chain (pp. 397-417). Elsevier.
Bingol, D. & Begec, S. (2020). Managing International Alliances: Joint Ventures:
A Case Study. Open Journal of Social Sciences, [online] 08(04), pp.538–552.
doi:https://doi.org/10.4236/jss.2020.84039.
Çela, A., Hysa, E., Voica, M.C., Panait, M. & Manta, O. (2021).
Internationalization of Large Companies from Central & Eastern Europe or the
Birth of New Stars. Sustainability, 14(1), p.261.
doi:https://doi.org/10.3390/su14010261.
Demsetz, H. & Lehn, K. (2023). The Structure of Corporate Ownership: Causes &
Consequences. Journal of Political Economy, 93(6), pp.1155–1177.
Di Fatta, D., Gera, N., Tyagi, L.K. & Grisold, T. (2018). Export knowledge.
Kybernetes.
Dijkstra, L., Florczyk, A.J., Freire, S., Kemper, T., Melchiorri, M., Pesaresi, M. &
49
Schiavina, M., 2021. Applying the degree of urbanisation to the globe: A new
50 51
harmonised definition reveals a different picture of global urbanisation. Journal
of Urban Economics, 125, p.103312.
Dyson.co.uk. (2023). Dyson United Kingdom. [online] Available at:
https://www.dyson.co.uk/sustainability [Accessed 17 Feb. 2024].
Dyson.com. (2021). Dyson United States. [online] Available at:
https://www.dyson.com/en [Accessed 17 Feb. 2024].