STRATEGIC CHALLENGE FACING JP MORGAN CHASE

Strategic Challenge Facing JP Morgan Chase

Strategic Challenge Facing JP Morgan Chase

Introduction

There is no single, universally specific definition of strategy. Different authors, managers, and military leaders use this term differently; some include goals and objective as part of strategy while others make firm distinctions between them.

Initially strategies referred to a role (a general in command of an army). Later it came to mean "the art of the general," which is to say the psychological and behavioural skills with which he occupied the role. By the time Pericles (450 B.C) it came to mean managerial skill (administration, leadership, oration, and power).

The impact of Globalisation on JP Morgan

If developments at the level of the industry are tending to converge on worldwide basis the industry can be said to be globalising. In other words, from the perspective of competition the world needs to be treated as a single market. In this regard, the global industry “is not merely a collection of domestic industries but series of linked domestic industries in which the rivals compete against each other on a truly world-wide basis” (Porter 1986).

If a movie makes by the any Hollywood actor, it means that they will sell it only in USA market but for the global market. In 1996, a movie "Daylight" was a box office did in the home market, earning a modest $33m in North America, but also about the fact that it provide to be a successful export and earned $120m elsewhere. If you are Nolan Archibald, the CEO of Black & Decker, it means that, in reviewing your strategy for the North American power tools market, you look at the strategies of competitors such as Makita and Bosch not only in North America but also world-wide.

Managing across borders

Recent changes in the international operating ...