By utilizing a differentiation strategy, JetBlue has been able to ensure that their performance was not influenced by challenges to their reputation. True False Describe the profit potential for the following industry: High entry barriers, suppliers and buyers have low power, there is a low threat from substitute products. High Low
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By utilizing a differentiation strategy, JetBlue has been able to ensure that their performance was not influenced by challenges to their reputation.
True
False
Describe the profit potential for the following industry:
High entry barriers, suppliers and buyers have low power, there is a low threat from substitute products.
High |
||
Low |
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- Strategies to gain a competitive advantage include product differentiation and low-cost leadership. building brand loyalty. developing superior products. improving product quality and reliability.For several years your Mexican restaurant has been very profitable, but recently the local grocery store has started offering a make-your-own taco bar and your restaurant's sales have declined. Your 5-Forces analysis concludes that: A) Industry attractiveness has declined due to increased Rivalry. B) Industry attractiveness has declined due to a greater Threat of Substitute Products C) Industry attractiveness has declined due to greater Bargaining Power of Buyers D) Industry attractiveness has declined due to the Threat of New Entrants.GENERAL MOTORS The level of rivalry among organizations in an industry. The potential for entry into an industry. The power of suppliers. The power of customers. The threat of substitute products.
- An industry's key success factors A) can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies. B) depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack. C) are a function of market share, entry barriers, economies of scale, degree of vertical integration, and industry profitability. D) can be determined through identifying an industry's dominant economic characteristics, assessing the five competitive forces, and considering the impacts of the driving forces. E) vary according to whether an industry has high or low long-term attractiveness.Discuss how Wrigley's can use the low cost strategy, response strategy and differentiation strategies to give it a competitive advantage in the Chinese market.What are the competitive product strategy of Minerva Bags in Paris? What are the company resources and experience of Minerva Bags in Paris? Who are the competiors in each market of Minerva bags in Paris? What are the competiors in each market of Minerva bags in Paris?
- Many organizations have differentiated themselves in the marketplace by their "low cost" value proposition to customers (i.e. Spirit Airlines, Dollar Tree, Walmart, and Aldi). To achieve this, the organization fine-tunes their business model to remove as many overhead costs and unnecessary costs so it may pass those savings on to its customers. Select a domestic or international business that has a "low cost" value proposition to its customers and consider the following questions: How does it market itself? How does a low-cost operating structure make them stand out and succeed in the market? Is "low cost" a sustainable model for this company? Evaluate this strategy from an ethical perspective.Demonstrate the steps to solve this question: Advanced Electronics manufactures DVDs and sells them directly to retailers who typically sell them for $20. Retailers take a 40 percent margin based on the retail selling price. Advanced’s cost information is as follows:DVD package and disc €2.50/DVDRoyalties €2.25/DVDAdvertising and promotion €500,000Overhead €200,000 Calculate the break-even volume in DVD units and euros.Under Armour Nike Industry Key Success Factors Weight Rating Wtd. Score Rating Wtd. Score Innovative Product Design Product Line Breadth Brand Awareness / Reputation Distribution Capabilities Celebrity Endorsers Geographic Market Coverage TOTAL 1.0 Competitive Strength Assessment Using the Key Success Factors you identified in the Industry Analysis, complete a Competitive Strength Assessment using Under Armour and Nike. Supporting rationale for your ratings (use as much space as needed): Conclusions from your completed Competitive Strength Assessment:
- Competitive Options Companies have five competitive options available to them. Take a look at each of the following companies and explain their competitive strategy in terms of the five options. Also, give an example of how companies in the same industry compete. (For example, Rolls-Royce competes with high quality while Kia competes with the price.) Competitive Strategy Five Options: Cost Quality Time Flexibility Innovation Companies: Disneyland Apple Nordstrom’sIdentify and describe an American firm of your choice that is challenged in its production operations to support its basic business needs to manufacture a high-quality product, safely, within budget, and on schedule. Its operations management is characterized by a culture that supports the vision and mission statements. This business problem (its production operations) includes a mismanaged supply chain, massive overtime wage payouts to make up for lost time injuries, increasing turnover and no shows at the work site, and where there is a spike in customer complaints resulting in business loss and narrowing profit margins. As a decision maker, what action plan would you recommend to the senior leadership of the organization to take it from its current conditions to bring it closer to its ideal operating conditions (to become a company known for zero-defects, excellence in supply chain management, customer satisfaction, safe and reliable high-quality products, value to the customer,…Describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage. What about the situations when a differentiation strategy is chosen? Provide specific real world examples.