Critically examine technology capability to respond to changes in it's competitive environment your required to use recognised theory to support your answer

Q: Describe how current technology facilitates the use of knowledge, information, and data, as well as…

A: The application of scientific knowledge to the pragmatic objectives of human life is known as…

Q: 4- Describe the three types of competitive strategies. Support your answer with examples.

A: ANSWER IS GIVEN BELOW:

Q: Social innovators address p

A: In support of social progress, social innovation is the process of finding and deploying effective…

Q: 3.0 Which of the following is a secondary source of business idea  A. Entrepreneur's expertise,…

A: A business idea is very important for all entrepreneurs because it helps them to focus on the…

Q: Outline the questions used to assess customer engagement within this category: Involvement

A: Digital marketing is the mode of commerce through an online sales platform. It is the new era…

Q: Explain SWOT with relevant example to explain your understanding

A: SWOT Analysis is a tool that can assist you in analysing what your company does best right now and…

Q: What is the main idea of the article? Compare online and traditional grocery stores and talk about…

A: Grocery store is a market place where daily essentials are sold, goods which are perishable like…

Q: Technology acquisitions involved bringing in new technologies from external sources rather than…

A: Technology is the major catalyst for innovation and growth in companies today. However, technology…

Q: briefly discuss how the economic factors, technology & innovation, political & legal factors, and…

A: The factors like economic, technology, political, legal factors and competitive factors directly…

Q: The ‘diffusion of innovation’ theory introduced by “Everett Rogers” described the process by which…

A: Ans. When we talk about innovation then the first thing that comes into mind is something new that…

Q: In Gass, 10-25 Minutes for Teams Successful firmshave a competitive advantage because they are…

A: The strategies given by Michael Porter are sometimes referred to as generic strategies as well…

Q: which of the following can help firms to increase their market share? - advertising - mergers and…

A: The percentage of the industry sales is known as market share. The company's share in the total…

Q: Discuss potential sources,drivers and patterns of adoption of innovation appropriate to your…

A: The process of building a new product, techniques through their thought, and imagination is known as…

Q: Management value of enterprise systems Select one: a. Enable rapid responses to customer requests…

A: ENTERPRISE SYSTEM: This is a software application that manages a wide range of information across…

Q: The Emergence of the digital firm and globalisation are two of the three factors which have…

A: Porter's 5 Forces What Are Porter's Five Forces? Porter's Five Forces is a model that recognizes and…

Q: Insights about Tackling The Challenge Of Understanding External Customers implement customer-focused…

A: There are global markets these days. Each organization is trying to take a competitive advantage…

Q: What are some of the potentially negative impacts of the Internet on a particular industry? Describe…

A: Negative Effects of Internet in Education industry: The Internet has proven to be a double-edged…

Q: How do the company’s customer communication effortsconvey those competitive advantages?

A: The main three steps to communicate competitive advantages to the customers are the following:…

Q: Describe the three types of competitive strategies.  Support your answer with examples.

A: Strategy can be explained as the set of directions or courses of action planned by the manager for…

Q: give a list of company with examples who are using crisp-dm framework & Expla

A: Crisp DM represents cross-industry process for information mining. The CRISP-DM procedure gives an…

Q: With the aid of local examples explain effective IT responses to the following kinds of business…

A: Market Pressures The quantity, timing, and pattern of a brand's interactions with its consumers is…

Q: Business and Industry Profile. This section provides an overview of the industry and market segment.…

A: Only the first three questions can be answered, according to the Bartleby authoring guidelines.…

Q: Market analysis offers managers insights into the interrelationships of firms, consumers, and…

A: Defining markets includes explaining the market in terms of the characteristics of the products…

Q: Please answer fast i will give upvote. How has e-commerce transformed businesses? Provide two…

A: With the dawn of digitalization and globalization across all the regions of globe, most of the…

Q: Describe the three types of competitive strategies. Support your answer with examples

A: An organization is a place where different tasks are done by many people to achieve some objective…

Q: Innovation involves Select one: a. a goal to be achieved O b. producing current products Oc. C.…

A: Innovation plays a key role in entrepreneurship, with the help of innovation the entrepreneurs come…

Q: Critical Thinking Are you willing to divulge personal in- formation to market researchers? How much…

A: Market research is a process to gather important data from the market for making certain decisions.…

Q: Hi, i need some help with ciritcally examine the opportunities and challenges presented by reverse…

A: The opportunities and challenges presented by reverse innovation are discussed as follows-

Q: Companies use information systems for competitive advantage.  Provide an example of either a…

A: Cost leadership is a business strategy wherein the business gains a competitive advantage over the…

Q: How are consumer markets and business markets different from each other? Identify the points of…

A: Business Marketing is the sale of products or services (or both) by one organisation to other…

Q: Discuss the concept of artificial intelligence (AI) and its relationship to data analytics and big…

A: AI is the capacity of a PC program to learn and think. John McCarthy instituted the term 'Man-made…

Q: A product or service must not only be innovative but also Select one: O a be the first product or…

A: A product or a concept becomes innovative if it stands out of the rest & truly makes the…

Q: а coгро buys multiple businesses in compatible industries öijüll okliall as part of its corporate…

A: The above is an example of "Related Diversification".  The correct option is "b"

Q: A disruptive technology is one that significantly alters how consumers, industries, and enterprises…

A: Companies employ respected predictive analytics to map out the future of their products. To identify…

Q: Are well-established firms or new entrants more likely to (a) develop and/or (b) adopt new…

A: Running an organisation involves taking many decisions which have an impact on the business in the…

Q: The problems that a company faces can be used as opportunities to Select one: O a. phase out…

A: Opportunity in a business is a possible course of action that can be exploited by the business to…

Q: Explain the picture below. purpose of reverse innovation how it works example

A: Innovation and change have become the key components for the success and failure of any business.…

Q: Chapter 7 discusses different types of innovations(continuous, discontinuous, and dynamically…

A: Innovation is creation of something new, which can be useful to some markets. Most of the…

Q: Give 3 Strengths of the company Amazon

A: Amazon has transformed from a mere online bookseller as well as publication to the world's biggest…

Q: Why is IKEA an innovative company? Support your answer with examples.

A: IKEA, like every retailer now, is wrestling with an omnichannel business model that combines its…

Q: Evaluate techniques for reviewing the importance of different actors in the microenvironment:…

A: Operations management is an area of management dealing with production, storage and delivery of…

Q: The most common company-situation analysis is the: O a. Comparison of product and pricing of…

A: A company situation analysis is important for evaluating the company resources and capabilities in…

Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.