Strategic Management Case Study Example | Topics and Well Written Essays - 4500 words

Strategic Management - Case Study ExampleInaugurated in 1999, the companys 16 years of existence has prove remarkably beneficial in the orbiculate energy mix, crafting ultra-modern ideas that have contributed to resolving present day energy needs such as add together reliability, fuel cost volatility and overall conserving the earths scarce natural resources and fossil fuels with its exclusive cadmium telluride (CdTe) snap technology, successfully achieving the undermost leveled cost of electricity (LCOE) in the entire industry. They also extraordinarily startered manufacturing costs to the apparent minimum i.e. less than a dollar per watt, another record breaker, and a new goal pay back banding for capital efficiency. (Citation, year)This success, although seen to only further excel, faced new rivalries in 2011, hence leading to the step-by-step decline of their electric empire in the solar module industry. Specializing in the production of crystal ti (c-Si), these emergen t companies such as Trina, Yingli and Suntech raced to not only reach but overcome these newly set standards, rapidly reducing overall manufacturing costs and increasing output. In 2013, Suntech replaced First Solar acclaiming the number whizz position of modules worldwide.Several strategic issues had surfaced due to which First Solar led to its downfall. Of the two major reasons, the first-class honours degree is that these new entrants began selling crystalline-silicon solar panels for less than a dollar, creating a price clash. Secondly, the silicon solar panels proved more efficient than the thin-filmed cadmium-telluride solar panels hence consumers preferred the newer products over theirs as they were getting better tint and reliability for the same price. Although a major part of their profits were accumulated from their solar power plants and installation, these low budgeted and better quality Chinese panels forced