1. Discuss factors affecting a competitor's likelihood to take competitive actions. 2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors. 3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets
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Pick a company and discuss the following:
1. Discuss factors affecting a competitor's likelihood to take competitive actions.
2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.
3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets.
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- The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.United Garments aims to incorporate Business Intelligence in order to increase decision-making in the company. At which stage of decision making would United Garments prescribe Business Intelligence and why?The Small-A Corporation is currently competing with a first mover which owns 90% of the market share. An aggressivemarketing strategy is expected to entice 10% of the competitor’s market share to shift to Small-A every month while theremaining 90% will not. As a new firm, Small-A expects 30% of his market share to shift back to the competitor everymonth. a. What would Small-A’s market share be after one month?b. What would the competitor’s share be after one month?c. What would Small-A’s market share be after two months?d. What would the competitor’s share be after two months?
- Identify the correct option in each of the following statements below. Write down only the correct answer. 1) The (micro-environment / market environment) refers to the forces outside the business, such as consumers, competitors and suppliers. This environment can be influenced or partially controlled by management. 2) A (marketing mix/ marketing objective) can be defined as something the organisation wants to achieve over a set period of time.3) (Reseller / Consumer) markets refer to individuals and households who buy goods and services for personal consumption. 4) The interest rate in a country, which is an example of the (political / economic) environment, has a direct influence on consumer prices and spending. 5) (Strategic Marketing / Environmental scanning) is the careful gathering, processing, analysing and interpreting of an organisation’s internal and external environments to reveal tactical or strategic opportunities, threats, strengths and weaknesses and to determine how…How do the five competitive forces in Porter’s five forces model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seem to be strongest?A company that pursues and achieves strategic objectives: Answer C) is frequently in a better position to improve its future financial performance because of the increased competitiveness that flows from the achievement of strategic objectives. D) is likely to be a weak financial performer because diverting resources to the pursuit of strategic objectives takes away from the achievement of financial performance targets. B) is generally not strongly focused on its true mission of making a profit. A) is likely to weaken the achievement of its short-term and long-term financial objectives.
- answer in short Outline the risks faced by agricultural producers and the methods of managing these risks. 1. Which of the following methods does not help reduce production risks? a. buy disease-resistant seed varieties b. select stable enterprises c. Invest in excess machinery capacity d. sell crops to a farmers market e. diversify crops and/or business 2. Which of the following methods does not help reduce marketing risks? prepare a marketing plan Stockpile production inputs know your competitors recognize comparative marketing advantage integrate vertically to ensure a market or form marketing alliance 3. Which of the following method does not help reduce risk in financial decisions? expand markets for your production develop a realistic financial plan improve the record-keeping system to increase credit availability invest in fewer risky enterprises Use fixed-interest rate loansWhat is the significance of the Herfindahl-Hirschman Index (HHI) in measuring market concentration and competition within an industry?Two of the five competitive forces that shape a company’s strategic activities are: a.The bargaining opportunities of buyers and sellers. b.The intensity of support among existing competitors. c.The opportunities for new entrants in the market. d.The bargaining power of buyers and sellers. According to Porter, select one of the major forces that shape the strategy of a company. a.The threat of suppliers in the market. b.The bargaining power of buyers only. c.The threat of new entrants in the market. d.The bargaining power of new entrants. Which business process exposes obvious areas for improvement? a.The work system process. b.The value chain process. c.The as-is process. d.The to-be process. What type of information system would provide critical information from a wide variety of internal and external sources? a.Management information system. b.Executive information system. c.Knowledge management system. d.Strategic information system.
- The use of management science in "market analysis". List three positive and negative outcomes from this application of management science.Identify the six forces that shape competition in an industry. Describe how changes in the strength of these forces affect prices, profitability, and under which circumstances each can be considered a threat or opportunity. Why is a competitive analysis using the competitive forces framework a benefit to industry?-Purchase decisions in the corporate market differ in many ways from purchasing decisions made in the consumer market.A purchase in the corporate market is often carried out as a process consisting of several steps, which involves severaldifferent individuals who must jointly come to a decision. The course book describes how the individuals who are part ofa decision-making unit assumes different roles during the buying process: initiator,users, influencers, decision makers, buyers, gatekeepers (Initiators, Users, Influencers, Deciders, Buyers,Gatekeepers). Which statement below does NOT agree with a decision-making entity?choose an alternativeA) The selling company should try to identify the different individuals in a decision making unit and adapttheir message to them and their specific needs.B) The same individual always takes on the same role in a decision-making unit, regardless of the type of purchasing decision.C) It can be difficult for a selling company to identify all the…
