industry and consider how the industry life cycle has affected business strategy for the firms in that industry over time. Detail your answer based on each stage: introduction, growth, shakeout, maturity, and decline.
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- Select an industry and consider how the industry life cycle has affected business strategy for the firms in that industry over time. Detail your answer based on each stage: introduction, growth, shakeout, maturity, and decline.
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- Select an industry and consider how the life cycle of the industry has affected the company's business strategy in that industry over time. In your answer, address each phase: introduction, growth, shakeout, maturity, and decline.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?Compare and contrast industry market potential and company sales potential. How is an estimate of industry market potential helpful to managers? What factors are necessary to determine industry market potential?
- Business Strategic Management How do the five forces of competition in an industry affect its profitability potential?Identify four factors that affect whether an industry does or does not present a company with a good business opportunity.What are the characteristics of an attractive industry? How would you identify that a target market is attractive for your proposed business?
- The industry environment plays a critical role in the profitability of a company. Hence, companies are to critically examine an industry towards ascertaining how its strategies success could be influenced by the industry factors. With the aid of a diagram, conduct an industry analysis of the carbonated drink industry assuming you are the business strategist working for NESTLE Milo Ghana Limited.Choose from the following agricultural/agribusiness industry that you are interested with. Be specific. Animal production or livestock industry Plant/horticulture industry Crop industry Fishery Others ( be specific) After choosing an industry, you are asked to research about it and be able to answer the following questions: How attractive is the market? In what way are competitors expected to respond if you enter the market? What is the current size of the market and how large is it expected to become? What are the current and projected growth rates?Companies are constantly researching their economic status to determine the company's projected business performance. The scales of the economy are directly related to how to market the business. Determining the marketing strategy of direct mail marketing, text messaging marketing, search engine marketing, advertising experts, and/or digital marketing. In this discussion question, you will apply theory from your past courses in economics and marketing: Describe how you should consider inflation when analyzing your existing or new business idea/product/service or creating a strategic management approach? Provide three (3) options that you will consider for pursuing new market opportunities. How could the options for pursuing marking opportunities be applied to your career planning at the current stage of your career? You should consider the business idea or new product/service in your Capstone. Describe in details to support your response.
- The selected Industry here is the retail industry. (ALDI) Conduct research to find articles or academic sources that explain the competitive forces driving your selected industry. List and explain at least 3 competitive forces, including global forces if applicable. Additionally, select a specific corporation (ALDI) within your chosen industry and explain whether the competitive forces you identified for the industry apply specifically to your chosen corporation. Be sure to post at least 2 references in support of your explanations and conclusions.Contrast past and present business environments with regard to the following aspects: basis of competition, manufacturing processes and manufacturing technology, required labor skills, emphasis onquality, number of products, number of markets, types of cost management information needed, management organizational structure, and management focusHow is a business's products and services positioned relative to their competitors?