Explain the forces that shape competition in an industry. 2. Select an industry example to illustrate each force. assume any industry of your own choice
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- All of the following are forces that create high rivalry within an industry EXCEPT a. numerous or equally balanced competitors. b. high fixed costs. c. fast industry growth. d. high storage costs.1. Discuss the key success factors in mature and declining industries. 2. With the help of a diagram, explain the industry life cycle. 3The success or failure of organisations is closely linked to the extent to which they understand customer needs and commitment in the various industry segments. With reference to the above statement, advise an organisation on factors to consider when segmenting customers. 4 .With reference to the industry rivalry of Porter’s forces model, explain the most common forms of competition with relevant examples:1- Describe the different stages of industry development. 2- What is competitive advantage? How can a company build its competitive advantage?
- A company's competitive strategy should A) be well matched to its internal situation and predicated on leveraging its collection of competitively valuable resources and competencies. B) be well attuned to doing an outstanding job of satisfying the needs and expectations of niche buyers. C) ensure it is designed to concentrate on a small range of products so it can react quickly to competitive moves. D) be aligned toward being at least an average performer within the industry. have the resources and capabilities to incorporate standard attributes into its product offering.Compare and contrast the concepts of market orientation and materialsorientation. Give two examples each (not from the slides) of a firm or goodtype which fits that orientation. Be sure to include the reason(s) for the example to fit in the orientation category.Describe the tools or model normally used in analysing industry forces and firm’s internal resources and capabilities.?
- Industry life-cycle can be explored from several levels- from the life cycle of an entire industry to the life cycle of a single model of a product or service. Critically discuss how each stage of the industry life cycle can play a role in decisions that managers must make at the business level. Discuss the key success factors/strategies for each stage? Provide an example for each stageAutomotive industry has been generally considered to be at the maturity stage of the industry life cycle. Which of the following observations is consistent with this argument? Group of answer choices A. Many firms pay zero dividends to shareholders B. Product lineup continues expanding with innovations C. Industry growth rate is similar to the growth rate of the overall economy D. High profit margins attract new entrantshighlight the different types of generic strategies and then critically explain how buisnesses can use them for competitive advantage .select an industry of your choice to justify
- 22) Which of the following is true regarding diversification? A) Diversification is classified into related diversification and unrelated diversification b) Firms diversify to achieve some performance objectives c) Diversification is the entry of firm or business unit into new lines of activity, either by processes of internal business development or acquisition, which entail changes in it administrative structure, systems and other management processes d) A and B e) A and B and CWhich among the following is true? a) Porter’s 5 forces model focuses on the industry environment and actors who influence industry profitability directly b) The PESTLE model focuses on the larger environment and trends impact a firms strategy indirectly c) Both of the above d) None of the aboveMake BeatBox beverage company's industry analysis as a below instruction. *The Industry analysis provides the context for a more detailed analysis of competition,the company and customers of the company.An industry analysis should enumerate and discuss the most important aspects of a given industry or thesupply side of the supply-demand equation. This section will include Macro Forces including cultural analysis,demographic trends, political/legal, regulatory, and economic forces.Focus on developments and trends within an industry and on any other factors that may make a difference inhow a marketer proceeds with an marketing plan