Define competitive rivalry, and competitive dynamics. And, differentiate between corporate- and business-level strategies.
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Define competitive rivalry, and competitive dynamics. And, differentiate between corporate- and business-level strategies.
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- what is Competitive rivalry. define Competitive behavior and three factors that drive competitive behavior. define Competitive rivalry and how strategists can use that to develop strategies that facilitate the attainment of higher financial performance.In strategic management, These forces determine its profitability, competitiveness, growth, and direction.Which stakeholder(s) created the Tourism Tofino Strategic Business Plan, and which sector(s) do they represent?)2. Identify two existing plans or policies that were followed or considered in the creation of the Tourism Tofino Strategic Business Plan, and who created them? ()3. Identify four key local stakeholders mentioned in the Tourism Tofino Strategic Business Plan (other than Tourism Tofino). 4. Identify two key non-local stakeholders mentioned in the Tourism Tofino Strategic Business Plan. 5. What is the timescale of the Tourism Tofino Strategic Business Plan? (6. What kind of consultation was completed and how often was the public consulted? (7. Is the Tourism Tofino Strategic Business Plan an example of sustainable tourism development? Explain why or why not. Provide two reasons to support your answer. (8. Identify one environmental, one economic, and one socio-cultural impact mentioned in the Tourism Tofino Strategic Business Plan (3 impacts total. Impacts can be positive or…
- Successful businesses follow either cost leadership or product differentiation business strategy. Here, I am not differentiating between broad and focused strategies. Based on their chosen strategies, they would have developed different capabilities and created different business processes (see the Competitive Priorities and Capabilities section in Chapter 1). Please consider Chipotle and McDonald’s business processes, competitive priorities, and capabilities. Based on your consideration, can you determine their chosen business strategies?Pick a company and discuss the following:1. Discuss factors affecting a competitor's likelihood to take competitive actions.2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets.Explain the strategic management process.
- Describe and differentiate the Stages of Strategic Management. - Strategy Formulation - Strategy Implementation - Strategy Evaluation and ControlHow are for-profit firms different from nonprofit firms in terms of business? What are the implications for strategic planning? Subject: Strategic Management1. Explain what competitive behaviour is and the three factors that drive competitive behaviour 2. With the aid of a diagram explain the model of competitive rivalry and how a strategist can use that understanding to develop strategies that facilitate the attainment of higher financial performance