Managing strategy in the global marketplace Assignment

Managing strategy in the global marketplace - Assignment Example on and adoption of new technologies, the Education & Training Services industries can gain a more solid ground for competing against other industries globally. On the other hand, the advertising industries are some f the most profitable industries (Friedman, 2013). This is because, there have been various developments that have always favored the advertising industry, such as the technological innovations and rise of different media platforms, which increases the avenues for advertising and consequent revenue generation, while reducing the costs involved (Friedman, 2013). Some industries are just inherently more profitable than others. This is because; there are some industries that have more avenues through which they can generate revenues and incomes than others (Bierman, 2011). For example, the advertising industries are highly favored by the access to multiple revenue generating avenues, as opposed to the Education & Training Services industries. Recently, it has become difficult for anyone to escape advertisement, considering that it is happening everywhere through different platforms such as the mainstream media, social media and the mobile telephony platforms (Bierman, 2011). This has increased the avenues through which the advertising industry can generate income at reduced costs, thus increasing the industries profitability. Even among the best performing industries, only some companies do well, because the performance of a company is highly dependent on the effectiveness of the management function, the suitability of the business strategies adopted, and the ability of the company to take advantage of the available opportunities through risk taking and innovation (Bierman, 2011). For example, International Child Care Corporation is a company falling under the Education & Training Services industry that has performed poorly both in the short term and the long term, while Graham Holdings Co. is an industry that has managed to perform well both in the