Global Entrepreneurship the Company Has Term Paper

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Moreover, the company takes a strict and innovative approach to procurement. Each link in the supply chain must guarantee the best quality at the lowest price. Bombardier systematically applies the Six Sigma quality program to all of its manufacturing and financial units. Six Sigma's goal is to enable companies to respond more promptly and effectively than the competition. Most importantly, the company has a permanent development program that supports the career advancement of the employees and succession planning at all levels, as Bombardier's success has always been largely based on the skills, entrepreneurial approach and commitment of its people (Smith, 1995).

Seeing that the company takes a proactive and leadership roles in managing its value chain, we believe that the company is capitalizing on its strengths. To sum, the company takes several steps diversifying activities around its value chain.

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The company's overall strategy and management approach is geared to an ongoing growth in performance so that it can increase margins in all fields of activity and achieve the kinds of results that will reward shareholders with above-average returns (Hamel and Prahalad, 1989)..

However, since the company is diversified, it faces several challenges in the The company has either short-term links with other firms or it has acquired them to meet its demands in transportation solutions.

We believe that the company can grow its sales if it adds value in its value chain by entering into long-term alliances with suppliers. This strategy can be useful to Bombardier as it can focus on its core activities rather than monitoring hundreds of activities across the value chain by itself. These activities can be taken by long-term alliances......

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