How Globalization and Technology Affects the Corporation
The performance of BOX Options Exchange LLC (BOX) in the provision of electronic stocks exchange services is subject to the present trends in globalization and changes in technology. Due to globalization, there is increased participation of stocks trade by members in trade in stocks in other parts of the world ( Goetsch & Davis, 2014) . This has the potential to influence the ability of the company to seek the services of BOX Options Exchange LLC.
The main technological changes that can affect the performance of BOX Options LLC include the increase in transport and communication networks in different parts of the world that also affects the exchange of information regarding stocks. The availability of information regarding stocks options for investors enables them to make decisions regarding the companies in which they can invest. The existence of technologies such as the internet provides the company’s customers with the opportunity to undertake different activities online with the little use of traditional methods of conducting transactions involving exchanges of stocks ( Harrison & John, 2013) . Technology has also enabled the trading system to be entirely automated with maximized liquidity, encouraged price competition and execution of orders of different sizes. The company operates on a state-of-the-art low latency SOLA trading platform, resulting in the efficiency of its trading activities. The Price Improvement (PIP) technology is an innovative strategy of performing action activities that have been applied by BOX for the purpose of providing the potential for price improvement. This technology has enabled the company to execute orders of at least 500 contracts it represents as agents against contra orders that have been solicited. The company also uses the Facilitation Auction technology to enable Order Flow Providers (OFP) to participate in transactions as agents against the Agency order as principal ( Goetsch & Davis, 2014) .
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How the organization would earn above-average returns using Industrial organization Model and the Resource-Based Model
During the implementation of industrial organization (I/O) model, the company can take care of the external environment in the process of formulating its strategies of achieving competitive advantage in the sales of stocks. This is because the industry in which the firm operates has a strong influence on its performance compared with the actual choices made by managers. The organization can make use of the first assumption of I/O model by increasing its ability to overcome external pressures and constraints that may affect its strategy ( Hitt, Ireland & Hoskisson, 2012) . BOX Exchange LLC can make greater use of its unique resources such as an increase in technological innovations to increase its market competitiveness in the provision of stocks services to its customers. This can be achieved by exploring the environment in which the company operates to determine the areas in which it is unique. The company can also make use of the second assumption of I/O model by making use of similar resources under its control in the same manner as other companies in the stock's industry. Furthermore, the company can increase the mobility of resources within its control in order to achieve competitiveness ( Hitt, Ireland & Hoskisson, 2012)
According to resource-based theory, a firm can implement internal perspective in achieving competitiveness and achieving high returns in its activities. In order to benefit from this theory, BOX Options Exchange LLC can develop the assumption that its activities are determined by the uniqueness of resources and capabilities that can enable the achievement of the desired returns. It can also acquire particular resources that contribute to its uniqueness in the provision of stocks trading services to customers in a manner that makes it more competitive compared with other companies in similar trade ( Goetsch & Davis, 2014) . The firm can make its resources more costly, valuable, or difficult to imitate in order to achieve a competitive advantage over its competitors. Consequently, the main resources that BOX Options Exchange LLC needs to make use of in the context of the resource-based theory include organizational finances, the competence of its managers, role of individual employees, and equipment and facilities in the organization.
Impacts of Vision Statement and Mission Statement on the Overall Success of the Corporation
The impact of the vision statement is that it will determine the nature of operational competence that the company will need to achieve at a particular time in future such as the number of traders in stocks. This is because in a similar manner to any stocks companies worldwide, it will be defined by the extent to which different customers are able to trade in its portfolios and the level to which its general reputation in trade in stocks will improve in the future ( Harrison & John, 2013) . The vision statement also provides the organization with the nature of its internal composition in terms of competence in the provision of equity trade services in future compared with the present. For instance, it will determine the extent to which the company will be able to achieve technological competence and efficiency in the performance of trade in stocks compared with the present.
The mission statement for BOX Options Exchange LLC will determine the course of action it will take to achieve its objectives and goals in the provision of stocks trading services to its customers. It will determine the methods of public awareness that the company will use to create awareness about the availability of stocks and the methods in which its customers will be educated to trade in stocks in a manner that is highly beneficial to them ( Hitt, Ireland & Hoskisson, 2012) . The mission statement will also guide the company in the managerial of its internal operational activities in a manner that ensures customer satisfaction is achieved and overall short-term objectives are achieved in accordance with the demands of stocks trade in which it specializes. Lastly, the mission statement will provide the organization with a guide on areas where it needs to diversify its activities and investments in order to achieve competitiveness and expand its organizational structure.
Impacts of Different Stakeholders on the Success of the Corporation
There are a number of stakeholders whose contribution to the activities of BOX Options Exchange LLC have an impact on its success. For instance, the managerial personnel of the organization has the potential to impact decisions of the company by influencing the strategic tasks performed by its employees.
The shareholders of the company also have the ability to influence its success by developing priorities on the areas in which its returns on investments should be used such as expansion activities or level of benefits that employees can get from the company’s profits ( Goetsch & Davis, 2014) . Employees of the company also have the ability to influence its outcomes in terms of their role in performing tasks with efficiency in a manner that improves customer satisfaction, retention of existing customers, and overall improvement of customer loyalty. The organization’s customers have the ability to influence its performance by opting to participate in trading in stocks or not. The level to which they opt to participate in stocks trade in the company is a determining factor for the level of competence and its financial performance in equity trade.
References
Goetsch, D. L., & Davis, S. B. (2014). Quality management for organizational excellence . Pearson.
Harrison, J. S., & John, C. H. S. (2013). Foundations in strategic management . Cengage Learning.
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2012). Strategic management cases: competitiveness and globalization . Cengage Learning.
