Is it possible for a world-class organization to achieve superiority in all five major competitive priorities- price(cost), quality, time, flexibility, and innovation ? Explain your reasoning.
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Is it possible for a world-class organization to achieve superiority in all five major competitive priorities- price(cost), quality, time, flexibility, and innovation ? Explain your reasoning.
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- Is it possible for a world class organization to achieve superiority in all five major competitive Priorities-price (cost), quality, time, flexibility, and innovation? Explain your reasoning. Provide examples pro or con.For several years your Mexican restaurant has been very profitable, but recently the local grocery store has started offering a make-your-own taco bar and your restaurant's sales have declined. Your 5-Forces analysis concludes that: A) Industry attractiveness has declined due to increased Rivalry. B) Industry attractiveness has declined due to a greater Threat of Substitute Products C) Industry attractiveness has declined due to greater Bargaining Power of Buyers D) Industry attractiveness has declined due to the Threat of New Entrants.Many organizations have differentiated themselves in the marketplace by their "low cost" value proposition to customers (i.e. Spirit Airlines, Dollar Tree, Walmart, and Aldi). To achieve this, the organization fine-tunes their business model to remove as many overhead costs and unnecessary costs so it may pass those savings on to its customers. Select a domestic or international business that has a "low cost" value proposition to its customers and consider the following questions: How does it market itself? How does a low-cost operating structure make them stand out and succeed in the market? Is "low cost" a sustainable model for this company? Evaluate this strategy from an ethical perspective.
- 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.Write about COMPETITION strategy in your company.A company achieves sustainable competitive advantage when: Answer D) its strategy and its business model are well-matched and in sync. C) it is consistently able to achieve both its strategic and financial objectives. B) it has a profitable business model. A) an attractive number of buyers have a lasting preference for its products or services as compared to the offerings of 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.Describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage. What about the situations when a differentiation strategy is chosen? Provide specific real world examples.What are the competitive product strategy of Minerva Bags in Paris? What are the company resources and experience of Minerva Bags in Paris? Who are the competiors in each market of Minerva bags in Paris? What are the competiors in each market of Minerva bags in Paris?
- Strategies to gain a competitive advantage include product differentiation and low-cost leadership. building brand loyalty. developing superior products. improving product quality and reliability.The product life cycle helps a company understand the stages a product or service may go through once it is launched in the marketplace. Choose 2 products or services:• Product/service 1-that survived throughout the product life cycle into the decline phase• Product/service 2-that failed in the product life cycle and ended with death before the decline phase A) Discuss critically the product life cycle extension strategies that product/service 1 went through and indicate what went well and what could have been done better. B) Discuss critically the reasons for product/service 2's early demise and what could have been done better in order for it to survive.Moreover, this team works in coordination with the Dell Supply Chain Sustainability team to ensure that suppliers perform as per the environmental standards. Required (a) Conduct a comprehensive Value Chain Analysis of Dell Technologies. (b) Discuss reasons why a business like Dell Technologies would conduct a value chain analysis based on your understanding of strategic management. (c) Discuss an appropriate business analysis model Managers at Dell Technologies can apply as part of their strategic analysis, in order to determine possibilities for reconfiguration or improving co-ordination.