Business Memo (AVID) Essay Example | Topics and Well Written Essays - 750 words

Business Memo (AVID) - Essay ExampleThis report analyzes the strategic position of the ac phoner, the external environment and the financial performance of company base on its financial statements during the years 1999 and 2000.The first big strategic decision the company made was in 1993 when the firm launched its initial public offering (IPO) to contract a publicly traded company and raised $53 million. His capital was utilized to spur the firms future growth. The three markets Avid serves areMedia composer was the initial product helped the company become such a popular firm in the industry. As the company matured it realized it needed help from separate firms in order to developed new products. They entered into a series of strategic alliance with different companies. Avid System became a mid-size company. In this industry they were at a competitive disadvantage with larger firms such as Sony which had unlimited resources. Avid as a pioneer in the industry pushed for open sta ndards for the participants in the digital industry. The company with the help of 150 other firms in the industry created the Open Media Framework standard. The creation of an open standard indirectly hurt the company because lost its edge of having a unique product in the industry.Avid in the early 1990s utilized a Mac platform for its software. The company noticed that Apple was not doing to well in the computer industry and it felt continuing operating under a Mac platform was risky. In 1997 the company entered into a strategic alliance with Intel in order to convert its software into Windows based platform. The company gave up 6.75% of its common stock in transmute for Intels expertise. In 1993 the company entered into an alliance with Lucas film in order to develop special effects products. The firm entered into a partnership in 1994 with Tsushnki community to develop the world first full motion digital camera. A huge transaction for the company was the