five forces that a manager must consider in his strategic choice for competitive advantages as proposed by Michael Porter .
Q: What are the two basic strategy options for creating a competitive advantage?
A: The competitive strategy provides an area for the organization to become efficient in and sustain it…
Q: Discuss how to use the low cost strategy, response strategy and differentiation strategies to give a…
A: The term "competitive strategy" relates to gaining competitive advantages against rivals. It denotes…
Q: What are the five generic competitive strategies? Briefly describe each one and identify the type of…
A: A competitive advantage refers to a situation when a company performs better in comparison to its…
Q: Discuss the two main activities to create competitive advantage?
A: Organizations are global these days. They are trying to gain a competitive advantage over one…
Q: Explain the key features of Michael Porter’s generic competitive strategies in detail
A: The Generic Strategies can be used to determine the direction (strategy) of your organization.…
Q: e the competitive strategy employed by Unilever.Support your analysis with evidence from the…
A: Competitive advantage is built through catering to customers' particular requirements and…
Q: Create a brief vision statement for your venture. State the value proposition for the venture.…
A: My Venture is a medical company and the name is CHIRAG DRUGS LTD. 1- VISION STATEMENT - To provide…
Q: e explain in yo
A: Competitive Advantage refers to factors that permit an organization to deliver products or…
Q: Using any university as an example, discuss any four components of a strategic plan
A: A strategy is the plan jotted down to achieve some goal. In a strategy all the challenges, elements…
Q: For each perspective, select those strategic objectives from the list that best relate to it. For…
A: The balanced scorecard is a strategic planning and management system approach.
Q: Discuss the four strategies/ alternatives under the Ansoff's Strategic Opportunity Matrix which…
A: Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three…
Q: four generic strategies for dealing with competitive forces,
A: Setting objectives and targets, deciding actions to achieve the goals, and mobilizing resources to…
Q: Considering that you are opening a new business of your own, so to know about the competitive…
A: Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape…
Q: For each perspective, select those strategic objectives from the list that best relate to it. For…
A: Disclaimer- Since you have asked multiple question we will solve the first question for you. If you…
Q: For each perspective, select those strategic objectives from the list that best relate to it. For…
A: The balanced scorecard is a performance evaluation tool in which the performance is evaluated based…
Q: Critically evaluate Kaplan and Norton's Balanced Scorecard as a Strategic Management System
A: The strategy management framework is a cycle that coordinates the arranging and execution of a…
Q: In chapter 2, we studied Porter's Five Forces. The textbook describes five competitive strategies…
A: Michael porter is an economist, researcher, author, advisor, speaker and teacher. It has provided…
Q: What are the different dimensions of the competitive strategy? If the competitive strategy is to…
A: Competitive strategy is a plan of action by the firms to secure a competitive edge over its rivals…
Q: Explain the benefits of competitive advantage?
A: Acompany is an entity which will create value for customers and shareholders. The shareholders will…
Q: Identify the organization’s competitive advantage. I
A: Competitive advantage refers to factors that allow a company to produce goods or services at a low…
Q: A competitive strategy identifies how to build and strengthen the business’s long-term competitive…
A: A competitive strategy defines how to build and strengthen the buisness long term competitive…
Q: Name one popular business in the restaurant of the food industry and then identify how the business…
A: There are three main business strategies: 1. Differentiated product or service strategy: Through…
Q: Why are some organizations facing difficulties to sustain competitive advantage
A: The value proposition is the solution offered by the company on the customer's problem. For this,…
Q: How do the five competitive forces in Porter’s five forces model affect the average profitability of…
A: Porter's Five Factors is a model that identifies and analyses five competitive forces that define…
Q: Describe the considerations when picking a company to observe and make it a strategic bolan
A: The mission statement is the mission of the organization. It's the company's long-term strategy. It…
Q: Using Porter’s Five-Forces Model, explain competitiveness for a local or a global fast food…
A: Porter's Five Powers is a method for the study of the business climate of an organization. The…
Q: Explain how founder’s values and norms spread throughout the organization over time. Give an example…
A: The founder's values and norms are a part of the organization culture. Values and norms determine…
Q: explain a competitive situation you encountered in your past. After reading stephen Covey’s book,…
A: For attempting this question you have to write your own competitive situation. I will help you in…
Q: a resource-based view? Explain the significance of the resource-based view (RBV) to strategy…
A: Resource-Based View: The resource-based view (RBV) is a managerial framework used to determine the…
Q: What are the assets, resources, competencies, and core competencies of educational institutes which…
A: Assets A resource with economic worth that an individual, corporation, or country possesses or…
Q: Can competitive strategies be sustained? Why or why not?
A: Competitive strategy work in a long-duration organization's plan to maintain their market status and…
Q: Discuss Porter’s competitive strategies, giving practical examples
A: A strategy is drawn where certain set of choices are made to achieve the goal. A company always have…
Q: (a) What are the four main sources of key success factors? Please select two of these factors and…
A: Key Success factors:- A key success factor (KSF) is something that helps contribute to achieving…
Q: What is the relevance of the resources and capabilities of an organization in enabling competitive…
A: When an organization promotes profits that beat the standard for its industry, the organization is…
Q: If the (VRIO) analysis shows that company have only valuable and rare resources, the capabilities…
A: The VRIO framework is an internal analysis tool utilized by businesses to classify their resources.…
Q: The pursuit of competitive advantage requires a strategist to discover or build a company’s core…
A: Resources- The resources can be defined as assets. An organization’s resources are the inputs that…
Q: The three strategic approaches to competitive advantage are____, ____, and _____.
A: The strategic approaches are the ways through which a firm makes itself unique in the market so that…
Q: Identify the five components of a strategic plan, and define the importance of each.
A: Strategic plan - A strategic plan is a course of action that an organization formulates to achieve…
Q: Discuss differences of internal versus external evaluators? Why? What do you see as the strengths…
A: When opposed to internal evaluators, external evaluators devote more time and attention to the…
Q: Discuss with the organization the effectiveness of Porter’s Competitive Forces Model and his Value…
A: Porter’s competitive forces model is used to analyze the competitive environment. It is crucial to…
Q: Tropical Leisure’s bankers have recently asked for a meeting with Mr. Grant to discuss both the…
A: The business model of the company needs to be evaluated by the marketing consultancy.
Q: Identify the competitive strategy used by five of the following restaurants. Keep in mind that some…
A: Competitive strategy is the approach firms/organizations use in the long-run, to gain a competitive…
Q: In which method of benchmarking there is comparison of a business process with a similar process…
A: Benchmarking is described as the process of comparing goods, services, and processes to those of…
Q: In achieving competitive advantage, choose a niching strategy and explain why
A: Niche Marketing - Niche Marketing is the business of promotions and sales of products or services to…
Q: What are the support and primary activities in the generic value chain? What are the main…
A: Vаlue сhаin аnаlysis аllоws businesses tо exаmine their асtivities аnd find соmрetitive…
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- Discuss the Strategic Planning for Competitive Advantage?Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.Identify the five components of a strategic plan, and define the importance of each.
- Discuss, How can organizations effectively manage conflicting objectives and interests during the strategic planning process?Discuss the concept of "strategic intent" and how it relates to long-term planning and achieving a competitive advantageDefine what is meant by strategic issues and why are they important in developing a strategic plan?
- How can organizations develop a strategic vision that balances long-term goals with short-term objectives? What are the key elements of an effective strategic vision?Explain Michael Porter generic strategies that provide a good starting point for strategic thinkingDefine strategic planning and briefly describe the four steps that lead managers and the firm through the strategic planning process. .
- Explain the concept of a "strategic plan." What are the key components of a strategic plan, and how does it align with the organization's mission and vision?Why do managers use strategic analysis?What are the five generic competitive strategies? Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving.