How does competitive analysis contribute specifically to corporate strategy and what is its role in corporate strategy.
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How does competitive analysis contribute specifically to corporate strategy and what is its role in corporate strategy.
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Solved in 4 steps
- Write a detailed note on Michael Porter’s competitive strategies with examples describe the necessary steps to implement the strategyDiscuss Porter’s competitive strategies, giving practical examples .Discuss the fundamental principles of the business strategy and how does it vary from the corporate strategy?
- Explain how does industry analysis and companies evaluation help in evaluating the performance of strategy applied?Discuss how can industry analysis and companies evaluation help in evaluating the performance of strategy applied?Answer the following qestions: What is Costco’s business model? Is the company’s business model appealing? Why or why not? What are the chief elements of Costco’s strategy? How good is the strategy?
- 3. How often does the organization need to analyze the internal and external factors in order to understand competitive advantages and disadvantages as well as identify areas for investment or needs for improvement? Explain!4. When developing and implementing strategy, does an organization needs to consider the internal and external factors to effectively balance short and long-term priorities? If Yes, why? If No, why? Please answer this thank youWhat does it mean when a member in a competitive set does not have supply, demand, and revenue data? How does this affect your competitive set data and your analysis? What do you do going forward?Identify two current organizations—one organization facing a low-risk competitive environment and one facing a high-risk competitive environment. For each of these organizations, explain why you have evaluated its competitive environment as either low risk or high risk, using strategic planning and analysis concepts (such as Porter's Five Forces Model) For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.