What are the two main sources of competitive advantage that a company might want to pursue (according to Grant 2016)? Select one: a. Cost advantage and differentiation advantage b. Low cost and high cost C. Sales volume advantage and added value d. Broad market advantage and narrow market advantage
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- What are generic competitive strategies, and how are they implemented in a firms value chain activities?Through a competitive analysis answer the following questions:• What information can be learned about how Nordstrom operates?• How can Kohl’s gain insights into the high value that Nordstrom places on thecustomer?• Why does the consumer gravitate to Nordstrom over Kohl’s for the upscalepurchases?Two basic competitive strategies are: Cost leadership and Product / service differentiation. You have two business choices in the current pandemic, (1) cleaning service or (2) healthy homemade cooking. Naturally many things are different from the two types of business that you want to be in.Make a business analysis of 2 this type of choice is both qualitative and quantitative, and all of them are supported by reference data and simple calculations to support your competitive strategy
- 3. Compile a list of any three Porter's model's competitive powers. Briefly describe why Amazon should be concerned with online shopping rivals.What are the different ways of creating a competitive advantage? Explain with examples22) Which of the following is true regarding diversification? A) Diversification is classified into related diversification and unrelated diversification b) Firms diversify to achieve some performance objectives c) Diversification is the entry of firm or business unit into new lines of activity, either by processes of internal business development or acquisition, which entail changes in it administrative structure, systems and other management processes d) A and B e) A and B and C
- what is meant by competitive advantage explain in your own words? What unique quality in your opinion will make your firm have competative advantage? How can this competitive advantage be achieved? How can competitor be kept in check? What attribute will make the product have in competitive advantage explain in points? Part II) how does strategic management assist in gaining competitive advantage what synergy be achieved? What analysis is required in gaining competitive advantage in the industry (your point of view)?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 justify1) Which of the following is NoT a reason for firms to participate in strategic alliances? a. To allow firms to combine their resources, capabilities, and core competencies. b. To develop oligopolies in a market and eliminate competition. C. To encourage beneficial partnerships between firms. d. To allow firms to pursue benefits in designing, manufacturing, or distributing goods. 2) A firm can create a competitive advantage: a. through either a cost leadership or differentiation strategy. b. by increasing its sales and net profit. c. only by ottering unique product features to the target market. d. only through implementing a cost lecdership strategy.
- Which of the basic strategic and competitive approaches do you think makes the most sense for the Nestle company to pursue? Please explain. (i.e., low-cost provider strategy, broad differentiation strategy, focused low-cost strategy, focused differentiation strategy, best-cost provider strategy)Given the data in the Table Below, you are requested tohelp Ms. Meticulous in deciding what firm shall she choose in order to satisfyher criteria as illustrated in the Table. Show your solution and/or justificationwhy? Criteria Weights percriterionbased on herimportance Supplier 1 Supplier 2 Supplier 3 Price 40 % 8 9 10Accessibility 50 % 7 10 10 Customer-friendly (after sales service) 10% 10 10 9TOTAL 25 29 29Answer the following qestions: What is Costco’s business model? Is the company’s business model appealing? Why or why not? What are the chief elements of Costco’s strategy? How good is the strategy?
