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. When you say you have a competitive edge, what do you mean?
a. What does it mean to be at a disadvantage in the marketplace?
Step by step
Solved in 2 steps
- 1. What kinds of industries tend to be better performers in the medium to long term? Why? What kinds of industries tend to do poorly in the medium to long term? Why? 2. Can you make the claim that some industries are inherently more profitable than others? Provide arguments and examples to justify your response. 1 What kinds of industries tend to be better performersWhat would be a threat from the competitive or the economic environment? What about an opportunity?How do you analyze how companies like Publix and Winn-Dixie in a monopolistically competitive market position themselves to be successful?
- 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?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 do you consider the mostimportant challenge that willface people in the United Statesin the years ahead?
- What would be the ideal competitive advantages of a Mexican food company?Explain how companies can respond to the environment? Also discuss that how changes in the economic environment effect management decisions? Suppose that you're going to start a new business, for this analyze your environment with the help of Porter's five force model?What are the potential opportunities that would help the Real Estate organaization reach the goals that it has established?What functional-level strategies could the Real Estate organization use to their advantage againsttheir competition?
- Discuss the FIVE (5) forces in the macro environment that shape opportunity in a company. Give examples.You work for a small company that has the leading position in an embryonic market? Your boss believes that the companys future is ensured because it has a 60% share of the market. The lowest cost structure in the industry, and the most reliable and highest - valued product. Write a memo to him outlining why his assumptions might be incorrect.How do you analyze how companies in a monopolistically competitive market position themselves to be successful?