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- What are generic competitive strategies, and how are they implemented in a firms value chain activities?highlight the different types of generic strategies and then critically explain how buisnesses can use them for competitive advantage .select an industry of your choice to justifyUsing an industry of your choice, explain how a company can make use of the AnsoffMatrix to develop a competitive strategy. Use examples to enhance your answer.
- Kindly explain how we assess Industry Competitiveness as per Porter 5 Forces ModelChoose an industry or sector which is becoming more and more competitive among FMCG retail OR Fashion. Assess their business strategies in terms of the generic strategies of cost leadership, differentiation and focus they are maintaining? How might the principles of hyper- competitive strategies apply to these industries or sector? Explain how, when and in what ways, interactive and cooperative strategies, rather than direct competition, might make sense to them.What is diversification strategy? What are the Pros and Cons of this method?
- Competitive Analysisa. How do you describe your competition, both direct and indirect?What are the different ways of creating a competitive advantage? Explain with examplesDiscuss the main components ofemployee resourcing highlighting how employee resourcing can lead to competitive advantage.Support answer with relevant examples
- What are the primary factors that shape competition in an industry, according to Porter’s model?a) Elaborate on the concept of Competitive Advantage. Give 2 examples of competitive advantage in a global recession environment b) Perceive using a diagram on how to gain and sustain Competitive Advantage.Identify the industry life cycle that Tupperware is and suggest the strategies that they can employ as part of their turnaround to remain afloat. Demonstrate the concept of industry life cycle and also identify which phase in tuppeware in and what strategies they should employ
