COMPETITIVE ADVANTAGES AND DISADVANTAGES As members of Chester F73524, we see ourselves as the biggest player in the low-tech industry. This is a direct result of the competitive advantage that we possess. By making heavy investments in fixed assets early in the simulation, we have been able to create a low tech product to be reckoned with; one that is characterized by sizeable contribution margins, high accessibility and awareness, and a premium price. As a result, we have achieved an industry-high contribution margin of 45.3%. Furthermore, through our investments in the TQM module and automation, we have been able to greatly reduce the production costs associated with producing our low tech product, Cake. Decreasing the R&D cycle time has allowed us to have our product in the ideal position for a longer time. We believe our competitive advantage is sustainable for the rest of the simulation, as we plan on keeping our low tech product for the entire length of the game. Thus, we will capitalize on the benefits of having low labour costs as a result of our high level of automation, and on the benefits of having low material, overhead, and administrative costs, resulting from our investments in TQM. Nevertheless, like any realistic business, we are subject to competitive disadvantages. As we enter the next round, we face a dramatically decreased high tech market share. This is largely due to our failure to account for our improved R&D cycle time, causing us to revise Crypto
Andrews will build highly automated factories to meet the low-tech expectations. Consumers in the low-tech market
“When the simulation began, we felt confident in our team’s vision, goals, and strategic plan. After the first rollover, we quickly became aware that the success of a company relies heavily on the dynamics of the market. The strategic decisions of competitors weigh heavily on the overall direction of a company. Our original plan quickly became obsolete in the tumultuous bike industry, and we were forced to re-evaluate our competitive positioning. To this end, we learned
In addition to your company’s exterior success in developing cutting edge technology in biochemical engineering, and in materials engineering; Your company has developed an inexpensive and efficient way to create high quality computers, with low costs.
In terms of Porter’s analysis, cost-leadership and product differentiation strategies were implemented by the team during the simulation, which resulted in the maximum profit of 278.59 million dollars.
We accurately recognized a key strength lay in our inexpensive Regalto R&D capabilities. However, endowed with strong products with strong awareness, we were too passive early on in generating new products to take advantage of that strength. We also underestimated the speed with which competitors would come to market with products that eroded our market share, and as a result, were faced with large holding costs that ate into our Net Contribution, lowering our budget to turn from our ineffective passive strategy to a more aggressive R&D strategy. Halfway through the simulation, we had no pipeline for new products. We were again wrong when looking to Innovo to escape our Regalto tailspin. We hypothesized that by being one of a very few products in Innovo we could gain substantial market share and grow our Net Contribution. However, Sinatra was started too late and was underfunded. While it met certain segment needs well, our manufacturing cost was so high that we lost money on each unit sold. Obviously, our market share did nothing to help our Net Contribution, and the product launch was a failure.
Koala Tech, Ltd., produces office equipment for small businesses and home offices. Some months ago they started selling PFS 1000’s, which are a multi-function color printer, color scanner, color copier, and fax machine all in one. The PFS 1000’s originally received praise on its functionality, price, and innovative design. These accolades combined with Koala Tech’s reputation quickly led to a high demand for PFS 1000’s, which also created a backlog (Meredith & Shafer, 2013). Nevertheless, Koala Tech’s plant has been unable to meet this demand. So, Koala Tech’s president, Nancy Samuelson, is concerned about the backlog and has applied pressure on the plant manager to increase production. Conversely, the president has suddenly shifted gears since
What competitive advantages and disadvantages do you & your competitors have, especially as they relate to the service component?
For the first time I played, I tried to nurture the potential disruptive innovation in UC technology where I invested a great mount of RD
Competition is a natural benefit of capitalism. Some companies are referred to as “Big Shots’’ because they charge high prices for their products or service. A massive benefit of competition is innovation getting companies to think outside the box for newer, better and cheaper products and
Technology is changing at a very rapid pace and as a company we ensure our products are leveraging the current technologies. No matter how advanced and sophisticated technology we embrace, we are committed to keeping the prices of our solutions affordable in the interest of small businesses. Nevertheless, the affordability and the flexibility of our solutions set us apart & ahead in the market.
We expect profits, but only from work that satisfies customer needs and benefits humanity. This depends on maintaining a financial position that invites investment in leading-edge research and that makes it possible to effectively deliver the results of that research.
In the marketplace business fundamentals simulation, I was asked to create a company that sells computers with specified components in which a certain target market requested. I created a company named MEGA Intel Computers and my target market was the Workhorse and Mercedes segments. During the first quarter, I was required to decide on corporate responsibilities, review market research, design two brands (MEGA One and MEGA Two), establish corporate and strategic goals, and open a sales office, as well as build a plant for manufacturing. During this quarter I focused on keeping expenses minimal but resourceful since manufacturing was just beginning.
This strong brand with superior quality products and very competitive prices have supported iTEC's high profit margins from $ 752,375 for PRO MAX and $ 279,398 for PRO SLIM X in Q3 to $ 2,382,764 for PRO MAX and $ 1,070,879 for PRO SLIM X in Q4. ITEC must lead in differentiation strategy through innovation and pricing to maintain its direction of going forward. The entity of our competitive advantage is based on 4 Ps: People, Product, Processes,
Investing in new technology and projects to further drive improvements in manufacturing capabilities and energy efficiency;
How Paul Karras uses technology to keep Wilton Brands at the top of the crafts sector.