The sum total set of interrelationships that establish the manner in which competitors behave in an industry could be referred to as competitive dynamics.Required:a. Briefly explain what competitive rivalry is?
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The sum total set of interrelationships that establish the manner in which competitors behave in an industry could be referred to as competitive dynamics.
Required:
a. Briefly explain what competitive rivalry is?
Step by step
Solved in 3 steps
- Competitive advantage Select one: a. When one company offers to buy or acquire another one b. The total income received by a business before any expenses are paid c. The people who establish a company or other organization d. What an organization can do better than its competitors13) Corporate strategy asks which of the following questions? a) Which business should we be in? b) Why should we exit a particular business? c) Both a and b d) Neither a nor bInternal Analysis This assignment is based on the NIKE Company In this section, you will study the internal resources, capabilities, core competencies, and value chain of your selected firm 1 Use the VRIO framework to identify the competitive position held by your firm Which, if any, of these resources are helpful in sustaining the firm’s competitive advantage? 2 Identify the core competencies that are at the heart of the firm’s competitive advantage (Remember, a firm will have only one, or at most a few, core competencies, by definition) Submit a report on you findings that is clearly written, well formatted and thoroughly covers this issue Besides addressing each prompt you should justify your answer with significant detail and examine any implications that the issue has on their business strategy
- Q4(2). John Francois Stores has experienced success throughout its years of operations. However, there is no one at the organization at present who understands how the organization should be evaluated with the objective of taking corrective action, if required. a. what is the process of strategy evaluation? b. how the objectives are evaluated and what are the challenges that may arise? and how is performace measured?Question: (a) Help Emily and go through each step above. Answer the questions and make a completeanalysis. What is your assessment of the industry? (20 marks) (b) Based on your analysis: How should Emily handle the different forces? What strategicoptions should she consider? CASE 1: STEPS IN INDUSTRY ANALYSIS,There are several important steps in an industry analysis before and after analysing the five forces.Emily wants to start a coffee shop and perhaps even try to grow the business into several outlets.She needs to consider the following steps and questions: 1 Define the industry clearly. Do the actors in the industry face the same buyers, suppliers, entrybarriers and substitutes?i. Vertical scope: What stages of the industry value chain/system?ii. Product or service scope: What products or services? Which ones are actually parts ofother, separate industries? What segments?iii. Geographic scope: local, national, regional or global competition?Emily should consider that many diverse…course: Strategic concept Topic: Ryanair flying too close to the sun 1. How has Ryanair influenced the development of the industry? How would you evaluate Ryanair’s performance between 2013 and 2018? 2. What metrics would you use to evaluate it and why? How would you describe Ryanair’s business model? How has it evolved from 2013 to 2018?
- Lars decided that product differentiation, flexibility, post-sales service, price, and organisational size are critical factors of competitiveness. Lars is incorrect about Question 16Answer A. price B. after-sale service C. product differentiation D flexibility E. size of the organisationQuestion Onea) From Michael Porter’s Five Forces Model, discuss clearly the structural analysisof the industry environment any three threats affecting the operations of anorganisation like from ZAMTEL b) Explain clearly your understanding of one of the corporate diversificationstrategies called vertical integration. Give an example and state whether it isbackward or forward vertical integration. c) Discuss the external environmental factors that can affect an organisation’sStrategy. d) Define a corporate vision and mission statements and discuss two benefitsof having clearly defined vision and mission statements.Instructions Open the Publicly-traded BIA document you have been working on. whic h is Amazon Inc Evaluate the Operation Management of Amazon Inc . Under the heading 10 Operations Management, 10.1 Evaluation of Current Status, write what the company is currently doing with respect to Operations Management (two evaluations). Under the heading, 10.2 Disruptions/Future/ Predictions/ Missed Opportunities, identify and write about disruptions, future predictions, and/or missed opportunities concerning Operations Management specific to the company (two disruptions). Under the heading 10.3 Recommendations, based on the current status and the disruptions/missed opportunities/future predictions, write a recommendation on how the company can manage or mitigate the disruptions/future predictions/missed opportunities (two recommendations).
- QUESTION 3 a. As a sole proprietor of Kutlwano Bottle, you desire to expand its operations to include a Liquor Restaurant. You have instructed the manager to assess whether the external macro environment factors support this idea. Explain the different components, giving examples, of each of the Political, Economic, Social and Technological (PEST) factors that the manager should consider. b. The SWOT analysis method is used to assess an organisation's strategic situation to create effective strategies by matching a company's internal resources with its external environment. Tick appropriate boxes below. Strength weeakness opportunities Threats internal external helpful Harmful11) Which of the following questions is appropriate as a measure of corporate strategy? a) What does the company’s stock price reflect with regard to the diversification strategy? b) How do we reduce the lead time in manufacturing a product? c) Should we offer a rebate or free delivery in marketing and pricing a product? d) Within a business should we follow a low cost or a differentiation strategy?Question 7 Which of the following statements is true of an effective business mission statement? O 1. It is stated after the details of a marketing plan are developed. O 2. It should define a business in terms of goods and services rather than in terms of the benefits customers seek 3. It is based on an analysis of anticipated environmental conditions. O 4. It is kept confidential from customers and stakeholders.