Is it possible for a firm to implement a cost-leadership and product-differentiation strategy simultaneously?
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Is it possible for a firm to implement a cost-leadership and product-differentiation strategy simultaneously?
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- What industries do you think are most suited for value-chain analysis and why?Name one popular business in the restaurant of the food industry and then identify how the business used an effective cost leadership strategy to compete in their industry. And finally, identify one business effectively using a differentiation strategy to compete in their industry. Describe their use of strategy type?What role do strategic resources and competencies play?
- Identify one business in the fast-food or restaurant effectively using a differentiation strategy to compete in their industry? Describe their use of this strategy type?What are the pitfalls to be avoided in pursuing a broad differentiation strategy?To what extent does Amazon pursue a differentiation or a cost leadership strategy? Which part(s) of its (Amazon) value-chain activities most strongly support this strategy?
- Why is performance evaluation critical in strategic planning?Identify 2-3 companies that use cost leadership, differentiation, focused cost leadership, and focused differentiation strategies respectively, and briefly discuss why you think so.If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider? Could a firm simultaneously pursue focus, differentiation, and cost leadership?Should firms do that? Discuss