Strategic Management 4e
4th Edition
ISBN: 9781260779646
Author: Frank T. Rothaermel
Publisher: Mc graw hill
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Chapter 8, Problem 2DQ
Summary Introduction
To explain: The ways by which a firm can have competitive advantage through related diversification.
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- Kourdi (2009:3) has defined business strategy as a “plan, choice or decision used to guide a company to greater profitability and success.” Required Explain how the following strategies facilitate the achievement of success or profitability: Outsourcing Diversification Market Focus Market developmentarrow_forwardWhat is diversification strategy? What are the Pros and Cons of this method?arrow_forwardDescribe why your company needs to diversify. What problem will diversifying the company solve? What kinds of quantitative and qualitative data will you target in your research on the current auto industry and the new industry?arrow_forward
- Briefly discuss when it makes good strategic sense for a company to consider diversification.arrow_forwardManagement ,CRITICALLY dISCUSS how diversification fits into an organization's overall strategic planning process.arrow_forwardWhat is strategic outsourcing? How can your assigned entertainment company be diversified?arrow_forward
- what type of corporate diversification strategy should a coffee shop business adapt?arrow_forwardExplain what a company's highest priority should be when creating a competitive advantage? What is an example of a competitive advantage that created by using information technology? In your opinion, what are the ethical consideration when using technology to create a competitive advantage?arrow_forwardBased on the strategic group map in Concepts # Connections 3.1, which pizza chains are Hungry Howie's closest competitors? With which strategic group does California Pizza Kitchen compete the least according to the map? Why do you think no pizza chains are positioned in the area above Pizza Hut?arrow_forward
- Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…arrow_forwardWhirlpool Corporation has 59 manufacturing and technology centers around the world and sales in some 170 countries. Senior management has a vision of Whirlpool appliances in “Every Home . . . Everywhere with Pride, Passion, andPerformance.” Discuss Whirlpool’s two reasons why they have formulated a diversification strategy. Analyse Whirlpool’s products and apply the BCG matrix . Answer this question in 400 wordsarrow_forwardIf a company opted to pursue a strategy of related diversification, what industries or product categories could it diversify into that would allow it to achieve economies of scope.arrow_forward
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