Five major elements of business strategy Essay Example | Topics and Well Written Essays - 250 words

Five major elements of business strategy - Essay Example The merger between Microsoft and Nokia is no different when it comes to the elements of business strategy between the two companies. Nothing changed between the two companies. Instead, the only objective was to combine the two companies to enable them to grow swiftly in terms of their operations. In as much as the two companies came together for various benefits, their business strategy elements remain the same. Both companies still use the five elements of business strategy in the market (Ireland, 62). The arenas elements entail the areas in which the two companies would be active in the market. In most cases, the decisions regarding the two companies encompass the type of services and products they offer. Alternatively, this element focuses on the market segments, technologies and geographic areas. In the two companies, the Differentiators will most likely be the attributes and the features of the two company’s product and services, which will help the companies compete effectively with their competitors in the market. Alternatively, Vehicles as a business strategy element entails the means at which the companies take part in the targeted arenas whereas staging and pacing entails the timing, moves and speed in the market (Ireland, 64). Lastly, economic logic entails how both Companies will earn their