Identity the contextual influence that you believe will pose the greatest challenge to companies' competitiveness and identify the contextual influence that will pose the least challenge to companies' competitiveness.
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- How can the following help an organization maintain a strong competitive edge? Strong marketing team Regular professional development Good working relationships with stakeholdersThe macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics Select one: True FalseSelect all that apply Which of the following are associated with marketing, as defined by the American Marketing Association? (Choose every correct answer.) Multiple select question. Processes used to create value for clients Institutions that facilitate the exchange of offerings that have value for customers Organizations that develop industry partnerships for international outsourcing Activities that communicate offerings that have value for society at large Institutions that implement technologies for increased production efficiency
- Competitive advantage can be defined as: Group of answer choices A firm’s ability to establish market leadership. A firm’s ability to grow faster than its competitors. A firm’s potential to earn a rate of profit that is persistently higher than its rivals. A firm’s potential for launching innovative new products.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 advantageA competitive strategy identifies how to build and strengthen the business’s long-term competitive position in the marketplace. If your school assigned you to decide the competitive strategy, which of the three strategies will you choose and give your opinion to support your argument?
- Strategic management is the cornerstone of organizational success, providing a framework for aligning the organization's objectives with its resources and capabilities to achieve sustainable competitive advantage. It involves a systematic approach to analyzing internal and external factors, formulating strategies, and implementing plans to drive organizational performance and adapt to dynamic environments. Effective strategic management requires a deep understanding of the organization's mission, vision, and values, as well as the competitive landscape and industry trends. By conducting thorough analyses, organizations can identify opportunities for growth, mitigate risks, and capitalize on strengths while addressing weaknesses. Strategic management also entails setting clear goals, establishing key performance indicators, and monitoring progress to ensure that the organization stays on track towards its strategic objectives. Moreover, strategic management fosters innovation and…An environmental scan is a strategic management process that can be applied to a whole company, a division of the organization, a product line or service, a geographical region in which the company operates. The main purpose is to identify all strengths, which are the internal areas in which the company excel at; opportunities, which are those internal positive factors or situations the company can capitalize on considering its strengths; weaknesses represent critical internal negative factors that should be eliminated or diminished; threats are external negative factors which can block the company from achieving its goals and objectives. External factors include: · Legal and regulatory · Global · Economic · Technological · Innovation · Social · Environmental · Competitive Analysis Which of these external factors are critical in the Food and Beverages industry? Please explain.Consider the following, among other things: Do you believe that techniques such as Big Data and Predictive Analytics, for instance, would have been effective in marketing ten to fifteen years ago? And why does this happen to be the case?
- Identify the organization’s competitive advantage. Is the competitive advantage durable and valuable? Defend or critique the organization’s competitive advantage based upon your earlier analyses.In this part of the article, I will go through two positives and two negatives associated with unified BIS. Please include a good and a bad example to support your argument.Winemaking has remained largely unchanged for 7,000 years, but the United States wine industry has ballooned from 30 billion dollars in 2002 to 60 billion today, making it the largest in the world. Wine producers see customers as having limited expertise and demonstrating inconsistent, difficult-to-predict preferences. They seek to influence tastes by shaping markets through vision and social influence. Even as wine producers dismiss customer input and the pursuit of profit, they value the opinions of peers and influential media and critics. Consumers looking to buy a bottle of wine confront thousands of choices. To navigate, they invariably turn to those experts that the wineries have worked so hard to influence. Producers of wines define categories and set benchmarks, and consumers become fans and pay premium prices, despite the availability of excellent alternatives. How does this summary fit into Structure Conduct Performance or Marco?