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How did a particular company successfully navigate a crisis or significant change in their industry?
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- What kind of responses would you expect from Teslas rivals in the automobile manufacturing industry to the Model 3s popularity?How can companies benefit from related diversification? How can companies benefit from unrelated diversification? What are some of the key concepts that can explain such success?how can you assess whether a company's resources and capabilities can support a sustainable competitive advantage over market rivals ?
- How can managers build and maintain strong relationships with key stakeholders, such as customers, suppliers, and partners, to drive business success?Mangement The business environment is a complex and dynamic set of factors that influence the operations and success of a company. It encompasses both internal and external elements, including market conditions, competition, government regulations, economic trends, technological advancements, and social factors. A company's ability to adapt and thrive within its specific business environment is crucial for its long-term sustainability and growth. Question: How can businesses effectively navigate and leverage the various components of the business environment to gain a competitive advantage in today's rapidly changing marketplace?Both Ford and PayPal are in traditional industries with key disruptive innovations. What are the suggestions you would give to companies in the traditional industries to stay competitive in an ever-changing market?
- What kind of responses would you expect from Tesla’s rivals in the automobile manufacturing industry to the Model 3’s popularity?Why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run? Give examples of companies whose business was either helped or hurt by changes in supply or demand in the markets in which they were competing.What are some IT Strategies that big companies (like Microsoft, Apple or Sony) use to gain and retain their market share?