With reference to Porters Diamond model, discuss the six components that companies may use to gain competitive advantage? Explain three (3) advantages of conducting strategic planning?
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- 1. Identity five elements that are important in assessing and comparing the attractiveness of alternative business opportunities in terms of their market potential.2. identify three elements that are important in assessing and comparing the attractiveness of 'alternative business opportunities in terms of their financial viability.What is ConocoPhillips Business-Level Strategies?please answer this question in 10 minutes.i will upvote
- Explain 1. Developing and implementing a portfolio strategy for each business unit and a corporate policy for managing all the alliances of the entire company.Three (3) reasons each why businesses should use cost leadership, differentiation and focus strategy to gain a competitive advantage?Why might a big company like Lenovo want to develop strategicpartnerships with locally owned computer stores? Describe what Lenovowould have to do to maintain such relationships.
- Develop a strategic vision and mission for the business. Compose three (3) financial andthree (3) strategic objectives for the business. Discuss three (3) habits of a strategicleader which are important to business strategy as discussed in the course.1. Identify the major components of strategic planning, and explain how they are interrelated. 2. Explain how an organization can create a competitive advantage at the corporate strategy level and at the business-unit strategy level. 3. Whatare some issues to consider in analyzing a company’s resources and opportunities? How do these issues affect marketing objectives and marketing strategy? 4. What is SWOT analysis and why is it important? 5. How can an organization make its competitive advantages sustainable over time? How difficult is it to create sustainable competitive advantages?Enumerate how can a firm ensure that their strategic plan remains flexible and adaptable to changing circumstances, while still providing a clear and focused direction for the organization?
- Write two to four sentences setting forth the long-term direction and strategic path that management intends to follow. The statement should clearly articulate your answer to "Where we are headed?" and should explain why the direction in which you intend to point the company makes good business sense. Your strategic vision statement should describe the kind of company that management is trying to create and the market position you are trying to stake out. You may want to summarize the essence of your strategic vision with a phrase or company slogan.What are the factors required for effective strategic planning?1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements. 1. Identify three (3) features of the Five Competitive Forces Model and discuss how they operate to affect the profitability of firms in an industry. 2. Describe a business start-up you are contemplating and explain why you have made this choice. 3. Identify and discuss the four (4) major components of a business feasibility analysis. 4. a) What is the purpose of conducting a business feasibility analysis? b) When is the best time to conduct a feasibility analysis? c) Justify your response.