“Know thy self thy enemy. A thousand battles, a thousand victories.”
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“Know thy self thy enemy. A thousand battles, a thousand victories.” In the light of this quote discuss how an industry and competitor analysis helps in growth of your business despite fierce competitions.
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- When an incumbent faces a new entry from a competitor to the market, this incumbent should decide whether on an offensive approach and initiate aggressive strategic moves to improve its market position, or to employ defensive strategies to protect its market position. As a result, a competitive dynamic-action and response begins in the market. Suggest and critically discuss a model that helps managers to decide to adopt an offensive or defensive route. Support your answer with examples.How do you categorize these key issues when researching the company's competitors, including:Their competitive advantage, Competitor intelligence focuses on competitor capabilities, andCompetitor strategies and prediction of response patterns, and how competitors will react to future actions of the company?Can a strategic alliance be “VRI” (valuable, rare, and inimitable)? Group of answer choices Potentially yes, because it is not a profit center. Potentially yes, because the alliance can be socially complex. Never, because competitors can easily copy you.
- Which of the competitors would you focus on in each of the following situations?why?A)Strong verses weak competitorsB)Close verses distant competitors:C)‘Good’ versus ‘bad ‘ competitorsHow do the five competitive forces in Porter’s five forces model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seem to be strongest?The pursuit of competitive advantage requires a strategist to discover or build a company’s core competencies which will constitute the vehicle that will drive the implementation of successful strategies. A renowned global consulting firm, McKenzie Consulting Group states that “in order to gain and sustain competitive advantage, an organization should at least possess three core competencies which will form the foundation upon which successful strategies are developed”.Required:a. Briefly distinguish resources from core-competencies
- While there are many routes to competitive advantage, they all involve A) building a brand name image that buyers trust. B) finding effective and efficient ways to strengthen the company's competitive assets and to reduce its competitive liabilities. C)delivering superior value to buyers in ways rivals cannot readily match. D) getting in the best strategic group and dominating it. E) achieving lower costs than rivals and becoming the industry's sales and market share leader.For this week's discussion, the focus will be on examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, how does Porter's analysis examine the stress on profits from all directions and all dimensions of a firm's environment? You will be applying this tool by specifically looking at the market structure in which a firm competes. You will need to be able to distinguish an oligopoly from a monopolistic competitive market structure. Choose one of the following groups and use Porter's Five Forces to analyze the pressures on profits for your chosen group's firms.Group 1: Firms in the retail sector (e.g., Amazon, Walmart, Target, Kohl's, Sears, Macy's). For each group determine and explain whether the group is monopolistic competitive or an oligopoly. Be specific in which market structures the firms operate. Choose one of the firms from one group.Using Porter's analysis, what are the threats to profitability faced by the firm? This would be a great…Debeers Diamond Dilemma Case Study Analyze the Debeers diamond dilemma case study in relation to topics related to the five forces model of competition, competitor advantage, ethical considerations, and the strategic management process. How do these topics impact the diamond dilemma that Debeers is forced to deal with? Please justify your answer and provide context behind any argument you present.
- Competitive companies are often measured by how they compete in their industry. Therefore, analyzing gross profits helps substantiate (or refute) managers' claims of good financial performance. Gross profit signals the health of a company and its closest competitors. A company that creates a superior brand and charges higher prices than its competitors generates higher gross profit. In this discussion question, you will apply theory from your past courses in management and finance: Describe two competitive companies with similar gross profit figures that ended up with dramatically different net operating income. Provide details of the two companies and include both qualitative and quantitative results to support your response. Provide three factors that financial analysts need to evaluate when determining one of your chosen company's (from the previous question) ability to repay short-term versus long-term debt. Describe in details to support your response.As of May 2018, what challenges had PT faced in recent years? Assess the factors in the internal and external environment that led to those challenges? Analyze the industry competition conditions that PT faced. Identify the key external factors that affected PT’s strategic decision. Develop a SWOT Analysis for PT to help King develop his strategy. Indicate how each of elements from the four (4) components from your SWOT, can be used to enhance PT’s competitive advantage. Each component of your SWO must have at least three (3) elements If you were Phillip King, chairman of PT, what recommendations – at least four (4), would you make to improve company performance and address the challenges you outlined in question 1. Provide clear justifications for your reasons.Which industry for which you are considering developing a strategic plan? What industry are you currently working in? Same as above or some other? If it’s different, please identify the one that you’re currently working in. Mission (Purpose of the company, and what the company strives to do) Vision (Desired future achievements and state it wants to be in) Values (How employees should conduct themselves and their business to achieve the mission) Establish Major Goals (Goal – be precise and make sure those are measurable goals)