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discuss how using aa low-cost strategy, response strategy and differentiation strategies can give a business competitive advantage
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- Discuss the competitive forces in the business environment using Porter's Five Forces framework, examining the influence of factors such as industry rivalry, supplier power, buyer power, threat of new entrants, and threat of substitutes.1. Identity five elements that are important in assessing and comparing the attractiveness of alternative business opportunities in terms of their market potential.2. identify three elements that are important in assessing and comparing the attractiveness of 'alternative business opportunities in terms of their financial viability.Recommended and explain 6 New strategies (formulated that are not already existing in their business strategies) that NETFLIX Should Implement in their business that can propel the company's business forward.
- Name and discuss the elements of a company's microenvironment and give an example illustrating why each is important.Analyze the industry Nike competes in using Porter's 5-Forces framework. Clearly define the industry that Nike operates in. Identify whether the force is high, moderate, or low for each force. Explain your rationale for each force. Using the conclusions of each force, suggest whether the industry is attractive (i.e., profitable) or not. Explain your rationale.How are internal factors different from external factors in a firms competitive environment?
- 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.The Boston Consulting Group (BCG) growth–market share matrix identifies SBUs and their related products as stars, cash cows, question marks, and dogs. Do you think this is a useful way for organizations to examinetheir businesses? What are some examples of productlines that fit in each category?Analyze the business model of Iggy's Bread of the World- the original one and the new one - using the Business Model Canvas.