Describe how Porter's model of competitive forces is affected by the Internet and information systems and how Save Mart Cash & Carry can use this model to gain a competitive edge.
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- discover and describe your competitive advantages by using Michael Porter's framework Competitive advantage acquired by GM via a strategy.Of the five competitive forces presented in the chapter (Porter's model), which is the most significant for an organization in terms of making 19 investment deci-sions? Why? Which is the least significant? Why?2. Explain THREE strategies to gain competitive advantage.
- Describe what is Morganstern-Price analysis?Determine and defend GM's approach for gaining a competitive advantage based on Michael Porter's framework for competitive advantages.Question 1.1 Companies have adopted market segmentation which divides the pool of potential customers intogroups or segments; briefly explain the three (3) categories of variables to identify marketsegments.
- Suppose you own a travel agency in a large city. You have many corporate clients, but growth has slowed somewhat. Some long-term employees are getting discouraged, but you feel that there might be a way to make technology work in your favor. Use your imagination and do a SWOT analysis: Suggest at least one strength, one weakness, one opportunity, and one threat that your business faces.In business school, we talk of principles like competitive strategy as interesting academic topics. But, as you can see from the Yikes! case, competitive strategy decisions have human consequences. How do you plan to resolve conflicts between human needs and tough businessdecisions?Use Michael Porter's framework for competitive advantages to identify and justify the strategy that General Motors implemented to obtain competitive advantage.
- Select a company of your own choice from Fortune500 and conduct a complete strategic analysis including SWOT, PEST, and Porter’s Five Forces analysis. On the basis of findings drawn from aforementioned analyses, choose single or multiple strategies to achieve business goals of the organization. Please give valid justification for the chosen strategies.Discuss the impact that the Internet and information systems have had on Porter's competitive forces model, as well as how this model has helped Save Mart Cash & Carry obtain competitive advantages in the market.Discuss the impact of the Internet & Information Systems on Porter’s competitive forces model & how it helps Save Mart Cash & Carry to attain competitive advantages by using this model?