Using Porter’s Five-Forces Model, explain competitiveness for a local or a global fast food restaurant.
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Using Porter’s Five-Forces Model, explain competitiveness for a local or a global fast food restaurant.
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- Identify two current organizations—one organization facing a low-risk competitive environment and one facing a high-risk competitive environment. For each of these organizations, explain why you have evaluated its competitive environment as either low risk or high risk, using strategic planning and analysis concepts (such as Porter's Five Forces Model) For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.Explain three Forms of a Model for business Derive mathematical model for this problem : Suppose that a manufacturer can produce a part for $150/unit with a fixed cost of $60,000. The alternative is to outsource production to a supplier at a unit cost of $200. What shoulqyou do as a leader?Competitive strategy aims to establish a profitable and sustainable position against the forces that determine industry competition” (Porter, 1985). Evaluate the five basic competitive strategies pursued by organizations in order to create sustainable competitive advantage
- There are four macro strategies to create and deliver value to customers and that can help a firm to develop a sustainable competitive advantage. Think of a company from the local market who you are very loyal to in many categories like (food, electronics, personal care etc.). Is it the product, location, operation, or customer excellence that you are loyal to that firm? Critically examine.Identify the business strategy that defines the major actions Comcast organization builds and strengthens its competitive position in the marketplace. Provide an explanation as to why this strategy is applicable to the company.draw a five forces diagram for the organic food industry, and briefly discuss the nature and strength of each of the five competitive forces.
- Describe Michael Porter’s competitive forces and strategies and the three main strategies companies can apply to gain a competitive edge within their particular business environment.How do the five competitive forces in Porter’s five forces model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seem to be strongest?A company achieves sustainable competitive advantage when: Answer D) its strategy and its business model are well-matched and in sync. C) it is consistently able to achieve both its strategic and financial objectives. B) it has a profitable business model. A) an attractive number of buyers have a lasting preference for its products or services as compared to the offerings of competitors.
- why is business so important to achieve sustainability ?What is Competitive advantage and provide an example of it.Propose some innovative business ideas using the bricolage concept that will address the business, social or environmental problem in the first phases of business with a lack of resources.