Using Michael Porter’s framework for competitive advantages, identify and justify the strategy used by GM to achieve competitive advantage.
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Using Michael Porter’s framework for competitive advantages, identify and justify the
strategy used by GM to achieve competitive advantage.
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- Competitive Analysisa. How do you describe your competition, both direct and indirect?Summarize Porter's view on how IS might lead to a competitive advantage. What are his key thoughts and how and why do you believe his prescriptions are/are not relevant today?Discuss Kodak’s reasons why they have formulated a diversification strategy. Answer this question in 400 words
- Identify possible innovations or new strategic models that Mc Donalds company can apply in terms of but not limited to the following:·Product·Place·Price·Promotion·PeopleWhat are Telenor’s strategic options? Discuss the rationale behind these options from atechnology strategy perspective.Demonstrate how the mission statement of Burger King, Tim Hortons, and Popeyes deals with competition by providing improved customer-value.
- 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.Choose an industry or sector which is becoming more and more competitive among FMCG retail OR Fashion. Assess their business strategies in terms of the generic strategies of cost leadership, differentiation and focus they are maintaining? How might the principles of hyper- competitive strategies apply to these industries or sector? Explain how, when and in what ways, interactive and cooperative strategies, rather than direct competition, might make sense to them.What can be Long-Term Objectives for IKEA?
- 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!How is success measured when a firm pursues a focus strategy? Only industry-wide competitors can create similar value for the market segment. Broad-based competitors choose not to serve that same segment of the market. It is possible for the firm to pursue low cost and differentiation simultaneously. Firms are willing to link with suppliers and distributors to manage costs.Describe the Proton Motors marketing concept and principles. Discuss why – the understanding and execution of this concept - is the most important underlying principles of Competitive Advantage in conducting the business for Proton Motors Corporation in this time and age.