You have been asked to explain how rivalry among companies competing in the industry affects the industry's attractiveness. How would you explain it? Can you give an example also?.
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You have been asked to explain how rivalry among companies competing in the industry affects the industry's attractiveness. How would you explain it? Can you give an example also?.
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- Do you think it is better that there are more than one company that competesin a certain market segment, for example food processing? Why or why not?How do you categorize these key issues when researching the company's competitors, including:Their competitive advantage, Competitor intelligence focuses on competitor capabilities, andCompetitor strategies and prediction of response patterns, and how competitors will react to future actions of the company?Porter's Five Forces Model is an essential framework for understanding industries and market forces and is an effective tool when analyzing a company that employs you as a consultant. It will help you come up with strategies to put forward to your client which will improve their business. By assessing the five forces you will be able to determine how the attractiveness of the market or the industry that your client is in. In general, the stronger these forces the less attractive the market or industry as it is more competitive which means that in times of increased competition there is more strain on the company. The main focus in your role as a consultant will not only be to assess these for your client but also to consider and propose viable solutions for your client. Choose one of the following listed here and analyze what happened to the market using Porter's Five Forces: GPS device and a road atlas (Analysis requires research. I am expecting you to research market development…
- how is competitive advantage different from competitive parity?In examining the competitive dynamics within an industry, we discussed the need to first ascertain “the extent to which a company is a strong competitor” and the three (3) drivers of competitive behaviour. You are required to explain the two elements or basis used to determine the extent of competition from another company in the same industry and further explain the three (3)) drivers of competitive behaviour.describe how the company can build on its strengths and correct its weaknesses in order to take advantage of one opportunity in the market.
- 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?What characteristics help companies gain competitive advantage in the marketplace?Does every company acquire a competitive advantage?How do competitive actions and competitive rivalry differ across slow- and fast-cycle markets? What are key success factors associated with competitive action in both market contexts?
- You work in a small coffee shop. The shop sells primarily three items: brewed coffee drinks, whole bean/ground coffee, and pastries. The shop owner has asked you to gather data on sales of the product mix. There has been discussion of whether the pastries are profitable and should they be discontinued. To complicate the matter your friend would like to sell pastries to the coffee shop and you would like the friendship to blossom into a closer relationship. After collecting the information, you learn that while the pastries are indeed not profitable, but they contribute to covering the overhead costs. And the customer draw potential of the pastries has not been tested. What do you recommend to the owner?Sustaining competitive advantage can be challenging. The entry of new competitors, the possibility of imitation, and the changes in the firm’s context can affect the firm’s profitability and, historically, have affected firms that had competitive advantage in very distinctive ways. For instance, Coke and Pepsi have sustained their market dominance for nearly a century. On the other hand, General Motors and Ford were hit hard by competition, in particular of foreign companies entering the market, and never fully recovered. What is different about the product/market situation in these cases that affects the sustainability of their competitive advantage? Which elements of the strategic landscape were responsible for Coke and Pepsi’s success and which elements were instrumental in GM and Ford losing an important share of the market?What are the characteristics of an attractive industry? How would you identify that a target market is attractive for your proposed business?
