As a means for achieving strategies, companies may choose to grow by doing all of the following except O build from within O borrow from others O buy other companies O bet on market change
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- Michael Porter argues that business operates within the frenzy and flux of five different forces that combine to determine its profitability. What is one way to boost your customers competitive position? O 1) Help customers make better decisions 2) Provide further discounts to stop competition O 3) Form a diamond team approach 4) Help customers prevent new entrants in the marketGive an example of a company that followed a retrenchment strategy after the Covid 19crisis. Discuss the reasons of this retrenchment and how was it conducted.1.Describe how a company’s mission statement and objectives affect the way management plans its business portfolio. 2.What does the economic environment consist of as far as marketers are concerned, and why is it so important for them? 3.Who are the Gen Zers, and why will they become interesting to marketers in the future?
- Certainty of a business environment determines a firm’s success. Examinehow the various types of institutions that reduce a firm’s uncertaintyWhat are Netfllix' projections for profitability and long-term growth?Change in the status quo of any market component creates some degree of equilibrium, which means that there are likely to be customers somewhere who are being underserved, creating an opportunity for new business opportunities. Select one: True False The Creating Phase is a creative activity where old strategies are used to envision and define businesses of the future. Select one: True False A _____________________ ____________________ is a market, product, technology, or business process that lies beyond a company’s current corporate strategy and business model. a. Strategic Frontier b. Strategic Plan c. Business Model d. Discovery team
- The discussion about which company sizes (small or large) are better innovators from thebeginning presented a large polarization of views. Most studies and opinions indicate thatlarge economic entities, not small ones, have greater achievements in this area and aremore innovative. However, some economists, incl. R.W. Vossen argues that small firms'performance in the field of innovation is much higher than various statistics indicate. Thereasons for this are underestimating their achievements, the low number of patentssubmitted, and the lower degree of innovation of implemented products. And you, whatscale of companies do you think are more innovative?To succeed, economists view businesses as needing _____ to turn physical inputs into valuable outputs. A. drive and imagination B. skills and experience C. ideas and innovationFor this week's discussion, the focus will be on examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, how does Porter's analysis examine the stress on profits from all directions and all dimensions of a firm's environment? You will be applying this tool by specifically looking at the market structure in which a firm competes. You will need to be able to distinguish an oligopoly from a monopolistic competitive market structure. Choose one of the following groups and use Porter's Five Forces to analyze the pressures on profits for your chosen group's firms.Group 1: Firms in the retail sector (e.g., Amazon, Walmart, Target, Kohl's, Sears, Macy's). For each group determine and explain whether the group is monopolistic competitive or an oligopoly. Be specific in which market structures the firms operate. Choose one of the firms from one group.Using Porter's analysis, what are the threats to profitability faced by the firm? This would be a great…
- How can a firm attempting to have a blue ocean business-level-strategy manage to avoid being "stuck-in-the-middle"?Analyze how business opportunities can be evaluated by your organization using different investment appraisal techniques include explation of two different recognized investment appraisal techniquesThe importance of company's having competitors?