NEWS CORPORATION CASE STUDY Essay Example | Topics and Well Written Essays - 2250 words

NEWS CORPORATION CASE STUDY - Essay ExampleNC has existence in six media domains that include wrinkle Network Programming Filmed Entertainment Television Direct Broadcast Satellite Television Publishing, and Other (Reuters, 2012). This essay is based on the case theater of operations analysis regarding the overall expansion strategies of NC. Based on the information in the case study, it explores corporate level strategies of NC and discusses attempt it undertakes to add value to its overall portfolio. For the purpose, dodging matrixes of Ansoff result and market development matrix and corporate parenting matrix shit been applied analysis and suggestion for improvement has also been provided. Analysis for the criticism on Ansoff product development has also been made part of the essay. word Corporation media conglomerate initiated its journey in 1923 with publishing of a local newspaper The intelligence service in Adelaide, Australia by Ruport Murdochs father. The corporation continued growth and by family 1980 News Corporation had success in creating countrys single national newspaper The Australian, also two national magazines and 20 Provincial newspapers. Major developments in the journey of NC have landmarks. NC in 1968 expanded beyond its homeland Australia and entered UK with purchase of News of the World and to US in 1973 with purchase of The Express Publishing Company. Since then, journey for constantly increasing global footing is on way. News Corporation attempted first diversification strategy with major shift to US and bought Film Company Twentieth century Fox in year 1984. In 1989 NC entered into satellite broadcasting business in UK. It further expanded to Asia In 1993 acquired STAR TV followed by developing foothold in lucre media with acquisition of My Space.com in 2005. NC has been following the technological development at each stage successfully except few exceptions. Its overall strategy has been to size the unanticipated and uniq ue opportunity with agility no matter how much risky the new venture get. It carried strategy of providing customised product. Throughout journey in case study, NC has been managed by Ruport Murdoch. Ruport Murdoch has been described as person with intention to rule the world and so is reflected in the risky moves taken by NC. RM also has been very dominant in guiding the deep d bear operations and in order to get the positive results he had was free to use his political terms to support his ventures. NC has been successfully leveraging its financial, personnel and knowledge resource to expand and control the business that has international presence in various media related domains. Though financial conditions have had some difficult times but NC has been able to strengthen it with its strategy. The Ansoff (1965) developed strategy matrix using two dimension of development first product development and other being market development. This matrix gained much popularity in business li terature. The matrix with former variable on horizontal axis and last mentioned one vertical axis provided four strategies which are product development, market development, market penetration and diversification (Cravens and Piercy, 2008). Individually both variables have been given the honorable mention to play crucial role in leading firms success since pioneering study by Stopford and Wells (1972). Moreover, there have been large verse of studies developing the success stories with strategies developed by combining the two variables in matrix (Constantinides, 2004 Watts, Cope, and Hulme, 1998 Delios and Beamish, 2002) (Constantinides, 2004) The Ansoff matrix being the combination of important variables of international literature has its own success levels however, four strategies develo