Answered: Explain how a company can make use of…

Business

Operations Management

Explain how a company can make use of the Ansoff Matrix to develop a competitive strategy

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment

Section8.6: Competition, Strategy, And Competitive Advantage

Problem 3CC: Explain the differences between the three business-level generic competitive strategies.

See similar textbooks

Related questions

Q: iscuss the role of adabtibility of an organization in achieving sustained compatitive advantage

A: Competitive advantage refers to those factors of a company that allows it to produce goods and…

Q: MTN Ghana operates different business portfolios in the mobile telephone market. As a consultant MTN…

A: Strategic Portfolio Planning is the business process by which organizations determine the set of…

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

A: ANSWER IS GIVEN BELOW:

Q: How companies can position t

A: Talking about how companies position their products for competitive advantage in the marketplace…

Q: which generic competitive strategy does the company use and also which data sources do you recognize…

A: Introduction - The overall situation of a company within its industry determines whether its…

Q: Discuss the relationship between Marketing and Strategic Alliances?

A: Ans. Introduction Relationship marketing involves looking for and laying out long haul alliances or…

Q: Describe the relationship between a distinctive competency, a competitive advantage, and a sustained…

A: In simpler terms, distinctive competency refers to the unique characteristics or qualities that help…

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: Porter’s competitive strategies

A: Business competitiveness is the ability of organizations to produce goods or services with a…

Q: What is the relationship between an organization's customers and its business level strategy?

A: Business level strategies normally deal with a product or service that the company deals in.…

Q: Using the Ansoff Matrix for any ONE of the following companies, identify and explain the corporate…

A: Ansoff growth matrix is a matrix made out of product and market parameters. It discuss the 4…

Q: ow can we use spend analysis in strategic sourcing?

A: Spend analysis is the practice of reviewing the total spend on the procurement process to decrease…

Q: Analyze the mission statement of any company on the basis of major competitive sphere

A: Mission Statements - It is made for short period of time. It will define the aim behind why the…

Q: Given below a table of Competitive Profile Matrix of four major competitors in the soft drinks…

A: In the given situation, Data are given in the form of weight and rating which will help the…

Q: MARKET ANALYSIS FOR TOP GLOVE CORPORATION BERHAD

A: Berhad is a Top glove corporation company and it specializes in glove manufacturing. It's parent…

Q: Examples of strategic analysis

A: The business requires to strategize its activities to that the entire team can focus on one goal and…

Q: Explain the differences between category strategy development and strategic sourcing. How do these…

A: category strategic development that supplies executives generate values for stakeholders. category…

Q: How does industry analysis and companies evaluation help in evaluating the performance of strategic…

A: Industry analysis is a market assessment tool used by businesses and analysts to understand the…

Q: Complete with the Definitions . …………...help address strategic issues and long-term trends, both in…

A: In every organization, there are different kinds of employees who have many roles and…

Q: Explain the two elements or basis used to determine the extent of competition from another company…

A: Competition in the market refers to the situation where the companies are the rivals of each other…

Q: Regression analysis

A: Regression analysis is a technique that uses a determined set of series of mathematical equations in…

Q: 1. Differentiate between the five generic competitive strategies citing company examples for each.

A: Business strategies are useful for giving to the success of your company. There are multiple…

Q: How can the following help an organization maintain a strong competitive edge? Strong marketing…

A: Marketing refers to a process in which various business actions or activities are carried out for…

Q: Discuss the importance of matching supply and demand?

A: The importance of matching supply and demand are:

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: Identify and briefly explain any four of the factors that influence the strength or intensity of…

A: Four factors that play an essential role in influencing the strength of intensity of competitors…

Q: Name a company that has a competitive advantage.

A: Competitive Advantage - It is a privileged status that provides an edge to a company/business over…

Q: How market opportunity analysis (MOA) is used?

A: For an organization, it is highly significant to analyze the market trends within a particular…

Q: Identity the contextual influence that you believe will pose the greatest challenge to companies'…

A: Contextual influence refers to the selective professional impacts experienced by people's families,…

Q: Explain the relationship between core competency & competitive advantages

A: Businesses strive for Core competency and competitive advantage in the organization at the same time…

Q: Using the Ansoff Matrix for any ONE of the following companies, identify and explain the corporate…

A: Ansoff Matrix: Ansoff matrix commonly used in many businesses which leads the…

Q: Explain the competitor analysis for Air Asia company as a part of the situation analysis.

A: AirAsia is a well-known and renowned Asian airlines, headquartered in Malaysia & operated by…

Q: What are the major objectives of agricultural marketing?

A: Agricultural marketing is the process of assembling, storage, processing, transportation, packaging,…

Q: The three strategic approaches to competitive advantage are____, ____, and _____.

A: The strategic approaches are the ways through which a firm makes itself unique in the market so that…

Q: How can an organization make its competitive advan-tages sustainable over time? How difficult is it…

A: Competitive advantages refers to the relative strength which a firm has owing to its unique…

Q: What is Porter's Competitive Forces Model

A: Competitive strategy: It illustrates the long-term plan to acquire a competitive advantage against…

Q: Why is it increasingly important that firms engage in sustainability? What are some ways that…

A: The objective of sustainable marketing is to understand and meet the expectations of the present…

Q: 1. Do you believe that external factors are more important than internal factors for a firm to…

A: A firm operates in a certain environment and plans according to the prevailing market conditions…

Q: Define the term Dogs in growth–share matrix?

A: Growth share matrix is one of a business tool that represents an organization's portfolio of brand…

Question

Explain how a company can make use of the Ansoff Matrix to develop a competitive strategy

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

Explain the differences between the three business-level generic competitive strategies.
How can a firm conduct a competitive analysis to understand brand's position in the market and identify areas for improvement?
Explain the concept of market positioning and how it can influence a company's competitive advantage.
Which is the most important for company's competitive advantage: internal consistency or market competitiveness?
Using industry of your choice, explain how a company can make use of ansoff matrix to develop a competitive strategy. Use examples.
Competitive strategy aims to establish a profitable and sustainable position against the forces that determine industry competition” (Porter, 1985). Evaluate the five basic competitive strategies pursued by organizations in order to create sustainable competitive advantage
Business strategy focuses on improving the competitive position of a company’s products or services within specific industry or market segment. Discuss Porter’s competitive strategies, giving practical examples .
3.Using Porter's Generic Strategies, analyse the competitive strategy employed by Unilever.Support your analysis with evidence from the Unilever case study.
1. Differentiate between the five generic competitive strategies citing company examples for each.
How does competitive analysis contribute specifically to corporate strategy and what is its role in corporate strategy.
What are the different ways of creating a competitive advantage? Explain with examples
What is strategic monitoring and what is involved in this process? Describe the different events that might be identified through the creation of a strategic monitoring plan.