4- Describe the three types of competitive strategies. Support your answer with examples.
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A: SWOT ANALYSIS: This is a strategic analytical tool that helps the business to outline different…
Q: 6. Discuss the indicators of whether a company’s strategy is working well.
A: The company is meeting its stated financial and strategic objectives, outperforming the industry on…
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A: A business strategy is a comprehensive plan that a company's management implements to maintain…
Q: Which of the following strategy levels focus on product development, innovation, integration, market…
A: D is the correct option.
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A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…
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A: To contend,a business ought to have an unmistakable brand story on the off chance that it is to find…
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A: Note: Since you have posted multiple independent questions in the same request, we will solve the…
Q: Define the components of strategic management and discuss the three levels of strategy. (Short…
A: Strategic management is the management of strategic use of a business' resources to achieve company…
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A: Competitive advantage is built through catering to customers' particular requirements and…
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A: When a business organization is carrying out operations in an environment there are several factors…
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A: Strategic planning is the language of creating specific business strategies, implementing and…
Q: what are the benefits of aligning IS/IT with business strategy on Disney MagicBands Parks company
A: Note: I have answered for 1st question. Kindly post the 2nd question separately. Aligning IT…
Q: Define and what is the Importance of Distinctive Strategy & Competitive Approach?
A: A Distinctive Strategy is a term used to describe a method of achieving A better quality, strength,…
Q: e explain in yo
A: Competitive Advantage refers to factors that permit an organization to deliver products or…
Q: How possible is it to pursue successfully a hybrid strategy of more than one generic competitive…
A: Hybrid strategy The strength of rivalry ascends from one day to another brought about by a more…
Q: four generic strategies for dealing with competitive forces,
A: Setting objectives and targets, deciding actions to achieve the goals, and mobilizing resources to…
Q: Describe the common elements of successful strategy
A: Strategy is used by the organization to attain the goals of the organization, it is a direction…
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A: Significance of competitive advantage: 1. Competitive advantage ensures the long term business…
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A: Innovation is very important for firms to succeed. Innovation can be meant for social purposes,…
Q: e a firm
A: firms strategy
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A: Competitive strategy is a plan of action by the firms to secure a competitive edge over its rivals…
Q: Explain and give an example in each of the 3 business competitive strategies (bases of Porter's Five…
A: We will be discussing 3 prominent business competitive strategies namely Cost Leadership Strategies,…
Q: Drawing on your knowledge of the PESTEL model, analyse the external environment facing Severstal and…
A: PESTLE analysis, which can also called to PEST analysis,defines concept in marketing principles.…
Q: 1. How would the board's increased involvement in the selection of strategies affect a firm's…
A: A business strategy can be referred to a set of guidelines formulated to reach a specific business…
Q: Discuss Porter’s competitive strategies, giving practical examples
A: A strategy is drawn where certain set of choices are made to achieve the goal. A company always have…
Q: Using Porter's competitive strategies, how would you describe the strategies of Walmart, Bergdorf…
A: Porter's Generic Competitive Strategies - Michael Porter described a category scheme consisting of…
Q: Discuss briefly HPI’s competitive position and strategy.
A: Competitive position It is the position that a corporation has gained or is attempting to acquire…
Q: What is the definition and meaning of strategy?
A: Strategy refers to an action that managers take to achieve one or more objectives of the business.…
Q: Specifially, explain the key features of Michael Porter’s generic competitive strategies in detail.
A: Michael Porter’s generic competitive strategies: Michel porter given the four generic strategies…
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A: Disclaimer: Since you have asked multiple question, we will solve the first question for you. If you…
Q: Discuss differences of internal versus external evaluators? Why? What do you see as the strengths…
A: When opposed to internal evaluators, external evaluators devote more time and attention to the…
Q: What is the difference between business strategy and corporate strategy? Provide examples.
A: All businesses ought strategies to reach their objectives & be competitive and prosperous in…
Q: Tropical Leisure’s bankers have recently asked for a meeting with Mr. Grant to discuss both the…
A: The business model of the company needs to be evaluated by the marketing consultancy.
Q: short answer What are the three primary strategies for achieving competitive advantage?
A: Competitive advantage refers to all those factors which allow a company to outperform its…
Q: In achieving competitive advantage, choose a niching strategy and explain why
A: Niche Marketing - Niche Marketing is the business of promotions and sales of products or services to…
Q: The strategy followed by the Texas Scottish Rite Hospital for Children us an example of: a)…
A: Scottish Rite's are at the bleeding edge of their calling and are perceived worldwide for their…
Q: Three (3) reasons each why businesses should use cost leadership, differentiation and focus strategy…
A: Competitive strategy - A competitive strategy is a long-term marketing strategy devised by…
Q: Using Rumelt's Criteria for Evaluating Strategies, evaluate the strategies of Blockbuster that led…
A: Strategic management is a systematic and continuous process in which managers set the strategies…
Q: ut the key elements
A: Strategic Management is the progressing arranging, checking, examining, and appraising all…
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- Give a short description or definition of the following terms?1. Critical success factor (CSF) in business2. Transactional Data3. Master Data4. Information Technology Availability Management5. Prescriptive data analytics6. The Internet of things [How do i make recommendations to a MD on how to stratergise for competitive advantage and thus achieve company success through making wedding event offerings more attractive compared to other comopanies?As an entrepreneur, you decided to start a medium-scale business of selling garden pots or baskets. It is your choice whether to produce: (1)personalized clay pots - in which you will hand-paint the designs (2)rattan baskets for plants (3)net baskets used on hanging plants Choose between the 3 products above and prepare a short analysis considering the 4 M's to your operation. Explain your answer briefly.
- What are the two main sources of competitive advantage that a company might want to pursue (according to Grant 2016)? Select one: a. Cost advantage and differentiation advantage b. Low cost and high cost C. Sales volume advantage and added value d. Broad market advantage and narrow market advantageChoose a present/existing company and answer the following questions: 1.What product/services that you have recently purchased to the company? 2.On the product that you have chosen, do you feel satisfy on your purchase? Yes or No? and your reason. 3.Do you encounter problems with your chosen product? Yes or No? if yes what is it? 4.Where you able to report your complaints to the company? If yes? How did you call their attention? 5.How will the company improve its services/products for their customers?When most people think of successful marketing, internal firm culture doesn’t immediately come to mind as a contributing factor. You may have learned about corporate culture in a management course. What is a corporate culture? What are some reasons a firm’s culture isimportant to the capability of doing good marketing?Give some examples of aspects that you consider indicatea good corporate culture for marketing.
- The key reasons that an organization should adopt planning and strategic management are to 1/develop a competitive advantage, decrease costs, and increase synergy 2/provide direction and momentum, encourage new ideas, and develop a sustainable competitive advantage 3/develop MB0, encourage new ideas, < and increase profits 4/provide direction and momentum, Increase organizational diversity, and decrease cost Jo 11:07 / GIF ls JIWhat are generic competitive strategies, and how are they implemented in a firms value chain activities?Explain the differences between the three business-level generic competitive strategies.
- Read the statements below and follow the instructions carefully. A car cannot function without an engine. It will not start, and it will not move. Considering this, read the statement below and state if you agree or disagree and explain your answer. If a business is compared to a car, marketing is said to be the engine of the business. You must incorporate any ONE of the following into your response: •The 4P’s . •The exchange between customers and businesses. •Customer satisfaction. •Profitability.1. Discuss the difference of marketing and marketing mix, and how does will affect you as a future business manager? 2. At present time, what approach do you prefer to use in marketing? Why? 3. How will the 4Ps, 7Ps, and 4Cs be of help in your life as a future graduate of BIT?When most people think of successful marketing, in- ternal firm culture doesn't immediately come to mind as a contributing factor. You may have learned about corporate culture in a management course. What is a corporate culture? What are some reasons a firm's culture is important to the capability of doing good marketing? Give some examples of aspects that you consider indicate a good corporate culture for marketing.