From a business strategy perspective, what is the purpose of evaluating your "industry" per the Industrial Organization (IO) model.
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From a business strategy perspective, what is the purpose of evaluating your "industry" per the Industrial Organization (IO) model.
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- Why are more senior executives understanding the value of sourcing and supply chain management?How can an organization effectively identify and leverage untapped opportunities within the elements of its value chain to enhance overall business performance and competitive advantage?Describe the List several ways that business organizations compete.
- Identify some of the rules and regulations of one of the following industries that you feel exist, or should exist, and how they could impact the market: A. construction B. medical field C. restaurantsGive examples of the strategic objectives set by the organization?An industry's key success factors A) can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies. B) depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack. C) are a function of market share, entry barriers, economies of scale, degree of vertical integration, and industry profitability. D) can be determined through identifying an industry's dominant economic characteristics, assessing the five competitive forces, and considering the impacts of the driving forces. E) vary according to whether an industry has high or low long-term attractiveness.
- What is value chain analysis? What does the firm gain by successfully using this tool? What is outsourcing? Why do firms outsource?See if you can identify the value chain relationships that make the businesses of the following companies related in competitively relevant ways. In particular, you should consider whether there are cross-business opportunities for (a) transferring competitively valuable resources, expertise, technological know-how, and other capabilities, (b) cost sharing where value chain activities can be combined, and/or (c) leveraging use of a well-respected brand name. LO8-1, LO8-2, LO8-3, LO8-4 Bloomin’ Brands Outback Steakhouse Carrabba’s Italian Grill Bonefish Grill (market-fresh fine seafood) Fleming’s Prime Steakhouse & Wine Bar L’Oréal Maybelline, Lancôme, Helena Rubinstein, Kiehl’s, Garner, and Shu Uemura cosmetics L’Oréal and Soft Sheen/Carson hair care products Redken, Matrix, L’Oréal Professional, and Kerastase Paris professional hair care and skin care products Ralph Lauren and Giorgio Armani fragrances Biotherm skin care products La Roche–Posay and Vichy Laboratories…Explain why environmental analysis is considered to be an important activity for the strategy formulation process of an organization
- How can an organization effectively identify and leverage the "support activities" within the value chain to gain a sustainable competitive advantage in the market?Propose some innovative business ideas using the bricolage concept that will address the business, social or environmental problem in the first phases of business with a lack of resources.What are the differences in Efficiency and Effectiveness in the following industries: Government, Energy, Commodities, Information Technology, Retail, Hospitality, and Healthcare? Give an example of this challenging trade-off in your respective industry or organization.