Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Using Porter’s Five-Forces Model, explain competitiveness for a local or a global fast food restaurant.
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- Analyze the specialty coffee café industry using Porter’s Five Forces Analysis and the Macroenvironmental Analysis. What are the key success factors in this industry?arrow_forwardCarry out an industry analysis, of the UK fast food industry, using Porter’s 5-Forces framework and critically discuss the limitations the framework imposesarrow_forwardwrite about Business Architecture and the core concept of it. Furthermore, what are major components for describing the business architecture? Please another solution and correct answer.arrow_forward
- Describe the business strategy you intend to implement.arrow_forwardDiscuss the competitive forces in the business environment using Porter's Five Forces framework, examining the influence of factors such as industry rivalry, supplier power, buyer power, threat of new entrants, and threat of substitutes.arrow_forwardIdentify and describe an American firm of your choice that is challenged in its production operations to support its basic business needs to manufacture a high-quality product, safely, within budget, and on schedule. Its operations management is characterized by a culture that supports the vision and mission statements. This business problem (its production operations) includes a mismanaged supply chain, massive overtime wage payouts to make up for lost time injuries, increasing turnover and no shows at the work site, and where there is a spike in customer complaints resulting in business loss and narrowing profit margins. As a decision maker, what action plan would you recommend to the senior leadership of the organization to take it from its current conditions to bring it closer to its ideal operating conditions (to become a company known for zero-defects, excellence in supply chain management, customer satisfaction, safe and reliable high-quality products, value to the customer,…arrow_forward
- Identify the competitive strategy used by five of the following restaurants. Keep in mind that some of them do more than serve food, however, focus on the food (which might need to be in relation to the other products they offer). Also, provide your rational. McDonalds Olive Garden Chipolte Costco Chuck E Cheesearrow_forwardExplain what a company's highest priority should be when creating a competitive advantage? What is an example of a competitive advantage that created by using information technology? In your opinion, what are the ethical consideration when using technology to create a competitive advantage?arrow_forward
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