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- a practical example of a firm with lasting competitive advantage.What type of strategy is growing the business from existing customerIdentify a firm that you believe does a good job of investing in the value chain to gain higher sales than its competitors. Why did you select this firm? Which elements of the Value Chain concept does the company do especially well? Why?
- Propose a corporate strategy for the Coffee Merchant that will apply for the next 10years.13) Corporate strategy asks which of the following questions? a) Which business should we be in? b) Why should we exit a particular business? c) Both a and b d) Neither a nor bFirms within the same industry may be considered to be in different strategic groups. True False
- 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.Choose any company with multiple outlets/stores that you are familiar with State the name of the company you chose State a goal that could be part of the company’s overall strategic business unit plan that will help the them keep ahead of a competitor or gain more customers.1. Do you believe that external factors are more important than internal factors for a firm to achieve its competitive advantage. Justify your answer.
- Hypotension, the business is a health consulting office with a gym and a health restaurant. What are the industry size (per year), growth rate and sales projections.CH5: Starting and Managing Your Own Business 1) Explain and define the content of a Business Plan.Would a robust plan ensure the sustainability of the company?