A firm obtains competitive advantage when its strategy results in superior performance compared to its competitors. Select one: O True False
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- Which of the five generic strategies best characterizes the strategy being followed by Macy’s and which best characterizes the strategy is being followed by Walt Disney? Be certain to thoroughly explain why you have selected the respective strategy that characterizes each firm. Indicate which generic strategy Macy’s should be following and the rationale for your recommendation. Indicate which generic strategy Walt Disney should be following and the rationale for your recommendation.Suppose you are starting a kids garment business for middle class and want to develop business level strategy. For this purpose you want to conduct competitive analysis as given by Michael E. Porter. Select any of one force and analyze.It is impossible for an incumbent firm that dominates one market to use strategic bundling. True False
- Please Solve This MCQs Who or what is noted for the development of a popular and effective model of competitive forces and strategies that is used by organizations for strategy formulation? Raymond Miles Michael E. Porter Charles Snow Nike1. A strategy is a fundamental pattern of present and planned objectives , resource deployments and interactions of an organization with markets , competitors , and other environmental factors . Select one : True False 2. Strategic inertia refers to the automatic continuation of strategies successful in the past , even though current market conditions are changing . Select one : True FalseA business-level strategy assists a company in establishing and exploiting a specific competitive advantage within a particular competitive scope. How firms integrate the activities they perform within each different business-level strategy demonstrates how they differ from one another. Describe TWO (2) business-level strategies that Kindle/Amazon should employ to achieve and protect their desired strategic position against competitors.
- Identify two current organizations—one organization facing a low-risk competitive environment and one facing a high-risk competitive environment. For each of these organizations, explain why you have evaluated its competitive environment as either low risk or high risk, using strategic planning and analysis concepts (such as Porter's Five Forces Model) For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.In terms of strategy and Viabilty: a. Viability is related to day-to-day operations and remains independent of the chosen strategy b. Only on strategy leads to the viabilty of the company c. Different strategies can result in the same level of profitabiltyThe evolution of one company affecting the evolution of other companies this is exemplified by the classical case of microprocessors and software. While microprocessor producers develop more efficient processors, the software producers quickly make use of the new opportunities and the software becomes heavier, which causes pressure to develop even more efficient processors. Also, strategic changes of one company affect strongly to possibilities of other companies in its ecosystem. This is why managers should consider the broad impact of their decisions over the whole ecosystem. Complexity concept: Co-evolution Explain the concept of Co-evolution based on the scenario above.
- Does the strategy have the ability to pass the three tests of a winning strategy (i.e., the fittest, the competitive advantage test, the performance test)? Nestle CompanyThe pursuit of competitive advantage requires a strategist to discover or build a company’s core competencies which will constitute the vehicle that will drive the implementation of successful strategies. A renowned global consulting firm, McKenzie Consulting Group states that “in order to gain and sustain competitive advantage, an organization should at least possess three core competencies which will form the foundation upon which successful strategies are developed”.Over the years the Government has established a NIT, IIT, AIIMS, IISER, IIM in each state. In this context, using similar examples discuss: - > Role of External Labor Market in successful execution of strategy. > Role of Brand Capability in successful execution of strategy.