Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 8, Problem 3CTQ
What kind of responses would you expect from Tesla’s rivals in the automobile manufacturing industry to the Model 3’s popularity?
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Chapter 8 Solutions
Principles of Management
Ch. 8.1 - Why do managers use strategic analysis?Ch. 8.1 - How are internal factors different from external...Ch. 8.2 - Explain the elements of a SWOT analysis.Ch. 8.2 - What information does a SWOT analysis provide...Ch. 8.3 - Describe a firms macro environment.Ch. 8.3 - What does PESTEL stand for? How do managers use...Ch. 8.3 - How would you approach this issue if you were the...Ch. 8.3 - What PESTEL challenges is LEGO trying to address...Ch. 8.3 - Explain what favorable PESTEL factors support...Ch. 8.4 - Describe each of Porters Five Forces. What...
Ch. 8.5 - What are firm resources and capabilities?Ch. 8.5 - Describe a value chain and what the activities in...Ch. 8.5 - What is VRIO? What questions do the letters stand...Ch. 8.5 - What resource or capability challenges have Uber...Ch. 8.5 - What PESTEL factors do you think are contributing...Ch. 8.5 - What industry challenges (think of Porters Five...Ch. 8.6 - What is competition, and what is the role of...Ch. 8.6 - When does a firm have a competitive advantage over...Ch. 8.6 - Explain the differences between the three...Ch. 8.7 - How does strategic analysis help a firm develop...Ch. 8 - Why do managers use strategic analysis?Ch. 8 - What information does a SWOT analysis provide...Ch. 8 - Describe a firms macro environment and how...Ch. 8 - What is a firms micro environment, and why is it...Ch. 8 - What is an industry, and how do Porters Five...Ch. 8 - What are firm resources and capabilities, and what...Ch. 8 - When does a firm have a competitive advantage over...Ch. 8 - What are generic competitive strategies, and how...Ch. 8 - What do strategic group members have in common...Ch. 8 - How does strategic analysis help a firm develop...Ch. 8 - What PESTEL factors supported Teslas success?...Ch. 8 - How has Teslas strategic position changed since it...Ch. 8 - What kind of responses would you expect from...
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- Colleges and universities, like all business, have strengths, weaknesses, and competitors. Who would be the competitors to online universities?arrow_forwardWhat is market share? How is it determined? How can a company increase its market share?..arrow_forwardwhat would Tesla’s rivals say in the automobile manufacturing industry to the Model 3’s popularity?arrow_forward
- Both Ford and PayPal are in traditional industries with key disruptive innovations. What are the suggestions you would give to companies in the traditional industries to stay competitive in an ever-changing market?arrow_forwardIs this statement true or false? It is advisable for entrepreneurs to make detailed cost calculations for every product or service they are selling. Through this effort, they can price their products competitively without sacrificing their profit margins.arrow_forwardHow important is growth? Can a company become non viable simply because it fails to maintain its year-on-year growth?arrow_forward
- Select one of the EV companies operating in New Zealand(either hyundai or tesla). f. Two marketplace opportunities that your selected EV company can take advantage of.g. Two marketplace threats that your selected EV company will need to overcome(f and g please)arrow_forwardExplain how current economic indicators, such as inflation and unemployment, affect you personally. How do you think the Covid 19 Pandemic has affected businesses? How has the Covid 19 Pandemic changed inflation or unemployment factors – explain how. Explain how they may affect you as a manager with employees and a business to operate.arrow_forwardOne of the most successful business models is the franchise, but it didn't originate with McDonald's. Sir Harold Evans describes the remarkable story of a beauty salon that allowed hundreds of women to own their own businesses. here's the link https://www.youtube.com/watch?v=Ie8qJuXYN7w&t=5s 1. The expansion of Martha Harper’s franchising idea today drives half of all retail sales in America. This means one woman has had a really remarkable effect on America’s economy. So why is she relatively unknown? How did Harper provide a distinctive experience for her customers, franchise owners, and employees? What are her other legacies, in addition to her franchising idea? Martha Harper was sent away at age seven by her father to work as a domestic servant, her profession for 25 years until she saved enough money to start her own business. Can you think of another entrepreneur or public figure with a similar rags-to-riches story? Describe with at least 1 reference in APA style.…arrow_forward
- What does it mean to "disrupt the market"? Explain how successful start-ups "disrupt the market". note: this will be reported. please help me create a detailed explaination.arrow_forwardHow will your company sustain a unique value and position?arrow_forwardExplain how does market failure cannot deliver theoretical benefits and what are its effects on the economy? Please write not less than 100 wordsarrow_forward
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