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Discuss this statement: “Business competition encourages improved product quality and increased customer satisfaction.”
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- Identify the six forces that shape competition in an industry. Describe how changes in the strength of these forces affect prices, profitability, and under which circumstances each can be considered a threat or opportunity. Why is a competitive analysis using the competitive forces framework a benefit to industry?This is a question on business strategy and policyWhat are the key considerations and strategic trade-offs for businesses when developing a policy on corporate social responsibility (CSR) and sustainability initiatives, while simultaneously maintaining profitability and shareholder value?
- With your team, choose three established business theories that apply to the current event and market reactions. Recommend alternative courses of action that are consistent with established business theories and concludeThe pandemic has altered the business landscape considerably. Consumer behaviour and needs haveevolved and markets have been disrupted and new markets and competitors have emerged.Your CEO has tasked you to analyse the competitive environment of the industry that yourorganization is operating in. Using an appropriate tool, analyse the attractiveness of the industry thatyour company is operating.In examining the competitive dynamics within an industry, we discussed the need to first ascertain “the extent to which a company is a strong competitor” and the three (3) drivers of competitive behaviour. You are required to explain the two elements or basis used to determine the extent of competition from another company in the same industry and further explain the three (3)) drivers of competitive behaviour.
- Why do businesses need to assess the relationship between economic indicators and business plans?How does market planning contribute to achieving business objectives?Considering the COVID 19 pandemic and its impact on the general business environment, use the business model canvas to develop a new business that has higher chances of survival, growth and profitability: stating clearly your justifications.
- Give an overview of the consumer electronics industry. Then, identify and characterize the major players that may be a threat to profits in each of Porter's Five Forces for your selected industry. finally, apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a value net. Consumer Electronics - apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a Value Net.3-9. How does the Better Business Bureau encourage companies to follow its standards for commerce?Conduct a CSR assessment for Nestle. Develop the business case for CSR and review their current processes and operations. Select 1 (one) area of focus and identify a minimum of 2 (two) CSR initiative[s] that you will implement for your organization. In this section you must: Clearly identify the initiative chosen and develop the business case for selecting it. Look to your competitors here and determine how you can gain a competitive advantage. Discuss the Key Performance Indicator[s] for each and the measurement methods you will employ
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