Our Camera Business and Strategy Samples †MyAssignmenthelp.com

Question: Discuss about the Our Camera Business and Strategy. Answer: Our camera business operates in a global market, which demands product variations to suit the local market. We compete with others on equal footing across the word in similar market conditions (Irvine Pontiff, 2008). Our strategy across the world is the same with the desire to benchmark our advantage on price. Although we could have minor differences in terms of prices and overheads between countries, the concept remains the same (Zott Amit, 2008).Our concern is not overly on price but the quality of the camera we offer as well. We are offering a high quality camera in all countries targeting the high income earners. We are not concerned with the exchange rates (Rud, 2009). However, it was not obvious if price differences in Latin America had any effect on the individual countries. Although we made necessary price adjustments, it was not clear why a different pricing model would be required to become profitable (Aydemir Demirhan, 2009). In such a case, exchange rates would be factored in future strategies since it will ultimately affect the prices. References Aydemir, O., Demirhan, E. (2009). The relationship between stock prices and exchange rates: Evidence from Turkey.International Research Journal of Finance and Economics,23(2), 207-215. Irvine, P. J., Pontiff, J. (2008). Idiosyncratic return volatility, cash flows, and product market competition.The Review of Financial Studies,22(3), 1149-1177. Rud, O. P. (2009).Business intelligence success factors: tools for aligning your business in the global economy(Vol. 18). John Wiley Sons. Zott, C., Amit, R. (2008). The fit between product market strategy and business model: implications for firm performance.Strategic management journal,29(1), 1-26.