Define competitive analysis and why is it so critical to a firm’s long term viability?

Q: What are the two basic strategy options for creating a competitive advantage?

A: The competitive strategy provides an area for the organization to become efficient in and sustain it…

Q: Illustrate the characteristics, advantages, and disadvantages of strategic options?

A: Strategy These refer to the organization's policies and procedures that have been determined to…

Q: What are the five generic competitive strategies? Briefly describe each one and identify the type of…

A: A competitive advantage refers to a situation when a company performs better in comparison to its…

Q: Using an industry of your choice, explain how a company can make use of the Ansoff Matrix to develop…

A: Let us draft a view of the Ansoff Matrix by taking Apple company as an example. Following are the…

Q: Discuss the two main activities to create competitive advantage?

A: Organizations are global these days. They are trying to gain a competitive advantage over one…

Q: 1. Discuss what are potential sources of competitive advantage for a company? Give examples  2.…

A: Note: Since you have posted multiple independent questions in the same request, we will solve the…

Q: Explain why the concept of competitive advantage is central to the study of strategic management

A: Business environment is cluttered with different types of business and competitors. For an…

Q: Explain the term Competitive advantage?

A: In almost every market today, all businesses face stiff competition from their business rivals. A…

Q: What strategy should a business manager follow to increase the competitiveness of his business?

A: Competitive advantage refers to an attribute that can make a company outperform its competitors by…

Q: Using the five competitive factors approach and the information in the case, do a brief…

A: When a business organization is carrying out operations in an environment there are several factors…

Q: What is competitive advantage?

A: Competitive advantage is any trait of the company which outperforms its competitors or rivals in the…

Q: Competitive strategy aims to establish a profitable and sustainable position against the forces that…

A: The five basic competitive strategies pursued by organizations in order to create sustainable…

Q: no matter how unique Company or impressive, may not enable it to achieve a competitive advantage in…

A: Option A is incorrect  To achieve a competitive advantage, an organization should do a SWOT…

Q: Using any university as an example, discuss any four components of a strategic plan

A: A strategy is the plan jotted down to achieve some goal. In a strategy all the challenges, elements…

Q: Discuss the four strategies/ alternatives under the Ansoff's Strategic Opportunity Matrix which…

A: Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three…

Q: Can you identify the core competencies of your company? Do they currently contribute to a…

A: Every company will have lots of strength and weaknesses based on which it will try to grab the…

Q: In your understanding,what are the benefits of doing and utilizing strategic planning?Explain your…

A: What is Strategic Planning:-  Vital arranging is the specialty of making explicit business…

Q: What do strategic group members have in common with each other? What impact do firms outside a…

A: A strategic Group is a  vital gathering is a group of companies inside an industry that have similar…

Q: how does a company maintain competitive advantage?

A: The important aspect of business that helps a company to outperform and gain an advantage over…

Q: five forces that a manager must consider in his strategic choice for competitive advantages as…

A: A competitive advantage is an advantage that allows a company to produce goods or services better or…

Q: Explain the benefits of competitive advantage?

A: Acompany is an entity which will create value for customers and shareholders. The shareholders will…

Q: Identify the organization’s competitive advantage. I

A: Competitive advantage refers to factors that allow a company to produce goods or services at a low…

Q: Explain why Management has little control over the competitive environment confronting a firm?

A: Management: It is a procedure of doing things with the help of others. It involved managing,…

Q: Identify and explain three strategic approaches to competitive advantage?

A: Cost leadership: In a cost leadership strategy, firms try to be the lowest-cost producer in the…

Q: Why are some organizations facing difficulties to sustain competitive advantage

A: The value proposition is the solution offered by the company on the customer's problem. For this,…

Q: How do the five competitive forces in Porter’s five forces model affect the average profitability of…

A: Porter's Five Factors is a model that identifies and analyses five competitive forces that define…

Q: How might a planner decide on competitive growthstrategies using tools such as the market…

A: The Ansoff matrix has been used by marketers for decades as it can help marketers understand the…

Q: edge within their particular business

A: Porter's Five Forces is a model that distinguishes and dissects five serious forces that shape each…

Q: A business-level strategy assists a company in establishing and exploiting a specific competitive…

A: Levels of Strategy are divided into 3 parts -  On the top - corporate level  In the middle-…

Q: Using Porter's competitive strategies, how would you describe the strategies of Walmart, Bergdorf…

A: Porter's Generic Competitive Strategies - Michael Porter described a category scheme consisting of…

Q: Why do we do a competitive analysis?

A: The strategic part is said to be competitive analysis. It is a vital component of a company's…

Q: Which are the three types of competitive advantage?

A: In business, competition is one of the major problems that entrepreneurs face when trying to make a…

Q: Why is it that a firm can normally sustain a competitive advantage for only a limited period of time

A: A firm can normally sustain a competitive advantage because of new entrants into the market for only…

Q: Discuss what are potential sources of competitive advantage for a company? Give examples

A: Competition in business is no exception, and it can make or break your organization. While it's…

Q: short answer  What are the three primary strategies for achieving competitive advantage?

A: Competitive advantage refers to all those factors which allow a company to outperform its…

Q: In achieving competitive advantage, choose a niching strategy and explain why

A: Niche Marketing - Niche Marketing is the business of promotions and sales of products or services to…

Q: What does it mean for a firm to have a competitive advantage? What gives a firm a competitive…

A: Companies use different strategies to be ahead of their competitors and sell products and services…