2. What is sustainable competitive advantage? Please give a detailed example of acompany who has a competitive advantage in a market, and how it helps themcompete in that market.3. In your own words, what is the "growth trap"? Please explain the dangers of thegrowth trap and an example or examples of company(ies) who have fallen intothe growth trap.4. We have learned the five competitive forces that shape industry competition.Please explain each of these forces and how they impact industry competition.5. When Apple introduced the iPod, it wrapped good technology in a great businessmodel. Please give three examples of three other companies who have had goodtechnologies/products supported by great business models?

In order to flourish in a competitive market, businesses must devise strategies to set themselves…

Answered: 2. What is sustainable competitive…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Similar questions

Pick a company and discuss the following:1. Discuss factors affecting a competitor's likelihood to take competitive actions.2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets.
From a strategic perspective, discuss recent environmental changes that have caused strategic issues with which the company is dealing in real time, today. Information concerning recent changes in the firm is readily available online. Describe and critique Home Depot’s current marketing strategy. Does it “fit” with the firm’s strategies at the corporate and business levels? Explain. Compare and contrast Home Depot’s functional strategies (e.g., marketing, human resources, production, etc.) with those of Lowes. What should Home Depot’s top management do at the functional level to distinguish the firm from its closest rival? What is a value chain and how does this apply to Home Depot and their ability to compete with their competitors When Home Depot’s performance declines because all businesses have decline periods should they change their strategies. Explain!
What is "business competitive advantage"? Please summarize and give top key points.
In Porter and van der Linde's article "Green and Competitive," they put forth the argument that environmental regulations can promote economic competitiveness and not hinder it (which is the traditional position). Review the basic elements of their argument, and after that, discuss whether you "buy it," and if "yes" why, and if "not" why not?
Marketing and the Five Environmental Forces Note: This discussion is associated with the Navigate 2 Scenario - Episode 2: Patient Engagement The Marketing Director for Bright Road Health care is looking at ways to improve its Personal Health Record. A Personal Health Record not only engages patients in their own wellness but is a method of retaining loyal patients. In this episode, you will work with Bright Road staff members to gather information about their patient demographics, and then analyze the functionality and utility of the Health Care System’s Personal Health Record, a resource provided to their patients. As part of your research, you will describe the scope of strategic marketing and the impact the five environmental forces have on organizational strategy. Using information from the scenario (highlighting relevant environmental forces), you will make recommendations on how to improve the functionality and utility of the Personal Health Record. Recommendations should be…
Go online and search for “strategic alliance,” and identify three recently formed alliances. For each alliance, identify whether the companies’ other products are generally competitors or complementary products. What are the goals of the alliance? What brought them together? Discuss whether you think a strategic alliance is an effective way for these organizations to meet their goals.
Discuss 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.
‘Marketing to the bottom of the pyramid (BOP) offers opportunities to companies but at the same time ethical concerns surround the BOP marketing proposition.’ Critically discuss this statement.
If you determine that your company does not have a competitive advantage through financial statement ratio analysis (that is, your company has more weaknesses than strengths) and you also conducted Porter's five force analysis to determine that there are threats in the market, which strategic choice would you recommend for your company?
Cigna Accredo pharmacy should be discussed in detail using NAICS to specifically identify the industry. Provide an industry profile discussing major competitors and market position of those competitors along with your organization. The industry outlook will be future focused. There may be current changes that are going to impact the future; however, the focus of this section is not to be what HAS happened already. This must be forward-looking to assess the general environment the organization will face in the next three to five years. You should consider the PESTLE analysis and Porter’s 5 Forces Model as guides to consider the coming changes in the industry.
Select an existing company in any industry, and identify the following points: Introduction: Describe the company, its industry, and its business context. Critical incidents: Include any stories of the organization's challenges or achievements. How did it overcome the challenges? How did it accomplish its achievements? Investment potential: Include any of its current issues that need to be addressed or its potential goals for growth. Conclusion: Would you invest in this company? Why or why not?
Explain 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?

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