Explain why competitive advantages in technology are temporary and describe the four methods of identifying competitive advantages as well as provide a use case for each method.
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3)Explain why competitive advantages in technology are temporary and describe the four methods of identifying competitive advantages as well as provide a use case for each method.
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- 1) Explain why competitive advantages in technology are temporary and describe the four methods of identifying cempetitive advantages as well as provide a use case for each method. 2) Define critical success factors (CSFs) and key performance indicator (KPIs) and explain how the administration at a college might use a CSF, such as improving graduation rates, to create a list of KPIs necessary to achieve this goal. 3)Explain why competitive advantages in technology are temporary and describe the four methods of identifying competitive advantages as well as provide a use case for each method.Identify the industry life cycle that Tupperware is and suggest the strategies that they can employ as part of their turnaround to remain afloat. Demonstrate the concept of industry life cycle and also identify which phase in tuppeware in and what strategies they should employWhile terms such as “hyper competitive” or “fast moving” have been around for a number of years, the speed of change—at the customer and competitor level—is accelerating at unprecedented levels. At the customer level, this is reflected in “location-based” marketing based on mobile apps, real-time tracking of customer behavior, and continual advancement of new, nimbler competition. For many industries, at the heart of this change are smart products, smart applications and interconnected devices as well as an increasing willingness of firms to develop ecosystems of partners rather than go it alone. In many industries, the new and nimbler competition may be from firms based in second-world or even emerging economies. What are the implications of dealing with such non-traditional competitors? Conversely, the biggest growth opportunities for many firms are in emerging marketplaces, with unfamiliar customer needs, channel structures and even institutional set-ups and political systems. What…
- GO to the following website to find library resources and tutoring services by campus. http://www.spcollege.edu/libraries/ OR https://spcollege.libguides.com/Entrepreneur What is the industry you have chosen to research and why? Are you currently engaged in an entrepreneurial venture or planning to launch one within the next 6 months-1 year? Which databases and resources did you use? choose 3 What did you find the MOST useful and educational? (BE SPECIFIC and provide feedback for EACH resource listed in #3) What is the MOST interesting trend or data/fact you found about the industry during your research? Make sure to include the citation for the trend(s) you provide. [HINT: In most cases this question should be answered using numbers (%, $, etc.)] industry: Windows and doors marketChoose an industry or sector which is becoming more and more competitive among FMCG retail OR Fashion. Assess their business strategies in terms of the generic strategies of cost leadership, differentiation and focus they are maintaining? How might the principles of hyper- competitive strategies apply to these industries or sector? Explain how, when and in what ways, interactive and cooperative strategies, rather than direct competition, might make sense to them.Using industry of your choice, explain how a company can make use of ansoff matrix to develop a competitive strategy. Use examples.
- 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 .Which technologies, competencies, and skills are required to gain a competitive advantage? f the services are outstanding, then it is an outstanding factor that can help to market their brand.The industry environment plays a critical role in the profitability of a company. Hence, companies are to critically examine an industry towards ascertaining how its strategies success could be influenced by the industry factors. With the aid of a diagram, conduct an industry analysis of the carbonated drink industry assuming you are the business strategist working for NESTLE Milo Ghana Limited.
- Discuss why an individual firm might deliberately market a set of products that compete with each other. Provide examples of this and explainwhy the strategy worked or did not.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:The contemporary business environment is characterised by increased competition betweensupply chains and alliances, rapidly changing technology and highly demanding customers acrossthe globe.. The projected industry growth promises greater prospects for the Lancewoodbusiness. Examine the potential risk levels posed to Lancewood when expandingtheir business deeper into South Africa and further into Africa, due to thefollowing risk factors:• Theft• Human error The forecasted industry growth might require Lancewood to seek additionalstorage space from public warehouses. Explain the extent such an industrygrowth could affect selection when these factors are taken into consideration:• Geographical location• Available technology.