In the GE model, business position shows how well an organization is positioned to capture market opportunities by answering all of the following questionsEXCEPTa. Are its financial resources adequate?b. Does the firm have the technology needed to penetrate the market?c. Can manufacturing costs be held down below those of the competition?d. Is there a lack of government regulation?

Business strategy is an exhaustive arrangement that frames an association's objectives and targets,…

Answered: In the GE model, business position…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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ABC Company is a mid-sized manufacturing company operating in a highly competitive market. The company specializes in the production of electronic devices and faces intense competition against national and international companies. To gain a competitive advantage, the ABC Company must assess its competitive priorities and identify the capabilities needed to develop its processes effectively. Analyze the situation above and answer the following questions: Describe what are the competitive priorities that a company can adopt to be successful in its market. From the competitive priorities you describe in the previous question, select the one that ABC Company must focus on to be competitive in its market. Justify your selection. Using the chosen competitive priorities, develop a strategy that allows the company to gain a competitive advantage in its operations. Explain why a company should not consider all competitive priorities even though they may be relevant to its success in the…
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.
Many companies now realize that it is short-sighted to evaluate the success and potential of a company solely by looking at its financials. What other framework expands the idea of success to include other metrics? Please enter the term that is the solution:
To plan to compete against other firms, a firm needs to understand what physical, financial, and human resources it has, what it is good at, and how it is organized. TRUE OR FALSE
A friend of yours has come to you for advice. She is in the middle of preparing a competitive analysis grid for her online clothing business. She understands that in order for her to prepare the analysis grid, she needs to first understand the strategies and behaviors of her competitors. However, she does not know how to ethically obtain sensitive information on her competitors. Advise her.
The following strategic objectives have been derived from a strategy that seeks to improve asset utilization by more careful development and use of its human assets and internal processes: Increase revenue from new products. Increase implementation of employee suggestions. Decrease operating expenses. Decrease cycle time for the development of new products. Decrease rework. Increase employee morale. Increase customer satisfaction. Increase access of key employees to customer and product information. Increase customer acquisition. Increase return on investment (ROI). Increase employee productivity. Decrease the collection period for accounts receivable. Increase employee skills. The heart of the strategy is developing the company’s human resources. Management is convinced that empowering employees will lead to an increase in economic returns. Studies have shown that there is a positive relationship between employee morale and customer satisfaction. Furthermore, the more satisfied…
5. Maximizing the profitability of a company’s business model is about making the right choices concerning value creation through generic business-level strategies, given the demand and competitive conditions the company faces. There are several generic business-level strategies. Briefly describe TWO generic business-level strategies, using two examples in Trinidad and Tobago to support your answer. A complete answer will identify the generic business-level strategy as defined by Michael Porter and use an example from a locally operating company in Trinidad and Tobago, to support the explanation.
Which is better, the BCG model or the GE model? support your answer.
Imagine that JRP Computing Bhd. has saturated the large firm market for its products and competitors are undermining its technological advantage. JRP needs to look to new markets for revenue. The CEO has suggested that it starts selling its software down-market to middle-market companies and at the same time the company enters into the consulting and installation side of the business for this target market. What are the risks and opportunities of such a strategy.
Explain any FOUR issues with the help of valid examples that create possible gaps to accomplish the strategic and operational objectives of any organization.
True or False? The competitive intelligence system of a firm supplies key information to relevant decision makers about the firm's competitors.
Discuss these 4 cost drivers: 1. Economies of scale 2.Learning and experience curve effects 3. the cost of key resources inputs 4. link with other activities in the company or industry value chain

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