CRAFTING+EXEC.STRAT.:CONCEPTS (LOOSE)
22nd Edition
ISBN: 9781260157178
Author: Thompson
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 6ESP
a)
Summary Introduction
To draw: Strategic map that shows different market positions of company in the industry.
b)
Summary Introduction
To discuss: Most attractive and most weakly positioned companies on the map.
c)
Summary Introduction
To discuss: The companies that are likely to move to different positions on strategic map.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into.
Below are the potential answers to questions 3 through 9 on the table.:
POTENTIAL ANSWERS
3. Size of Market
Global, National, Regional, Local
4. Number of Buyers
Many or Few
5. Number of Sellers
Many, Few or One
6. Product Type
Identical, Differentiated, Unique
7. Barriers to Entry
High, Medium or Low
8. If high, why?
Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform
9. Market Type
Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly
Here's an Example Table Below:
1. Business
Bank of America
2. Industry
Banking
3. Size of Market
National
4. Number of Buyers
Many
5. Number of Sellers…
Suppose that General Electric and Toyota Motors are both planning to manufacture electric cars. Which company do you think will have a competitive advantage in this venture? Justify your answer by enumerating the competitive advantages of the firm that you have chosen if it pursues this business.
Competitive companies are often measured by how they compete in their industry. Therefore, analyzing gross profits helps substantiate (or refute) managers' claims of good financial performance. Gross profit signals the health of a company and its closest competitors. A company that creates a superior brand and charges higher prices than its competitors generates higher gross profit. In this discussion question, you will apply theory from your past courses in management and finance:
Describe two competitive companies with similar gross profit figures that ended up with dramatically different net operating income. Provide details of the two companies and include both qualitative and quantitative results to support your response.
Provide three factors that financial analysts need to evaluate when determining one of your chosen company's (from the previous question) ability to repay short-term versus long-term debt. Describe in details to support your response.
Chapter 3 Solutions
CRAFTING+EXEC.STRAT.:CONCEPTS (LOOSE)
Knowledge Booster
Similar questions
- Identify the six forces that shape competition in an industry. Describe how changes in the strength of these forces affect prices, profitability, and under which circumstances each can be considered a threat or opportunity. Why is a competitive analysis using the competitive forces framework a benefit to industry?arrow_forwardthe industry is Disney entertainment. Thinking about one of the competitors in your industry, please analyze the competitive landscape for that company. In your analysis, you will want to consider the following topics/questions: How many competitors existed in this industry at the beginning of your chosen time period? How many competitors existed at the end of the time period? What happened to cause this change? What is the concentration ratio at the beginning and the end of the period? What is the level of market power for each competitor? How does it change during this period? Why? Ultimately, what market structure do you believe this industry to be and why? You must analyze this real-world industry in relation to the characteristics of market structures to make this determination. Again, has this changed from the beginning to the end of the time period? Why? What caused the changes?arrow_forwardChoose from the following agricultural/agribusiness industry that you are interested with. Be specific. Animal production or livestock industry Plant/horticulture industry Crop industry Fishery Others ( be specific) After choosing an industry, you are asked to research about it and be able to answer the following questions: How attractive is the market? In what way are competitors expected to respond if you enter the market? What is the current size of the market and how large is it expected to become? What are the current and projected growth rates?arrow_forward
- 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?arrow_forwardColleges and universities, like all businesses, have strengths, weaknesses, and competitors. What would be considered to be an online university's internal strengths and weaknesses? Why? who would be the competitors to online universities? What are three external opportunities and three external threats?arrow_forwardYou work for a cranberry company in Nova Scotia looking to enter the cranberry market in australia. Based on this scenario, How do you think the consumers will perceive your product relative to the competition? How is their product similar and different to yours? think about the product, packaging, and service.arrow_forward
- Discuss the problems inherent in developing a cooperative alliance in order to enhance competitive advantage while incurring the risk of developing a new competitor. How does each advantage in Dunning’s eclectic theory specifically affect a firm’s decision regarding entry mode?arrow_forwardAssess the overall attractiveness of the market for the company’s expansion based on your findings, ensuring that the market is indeed attractive for expansion.arrow_forwardWhat specific strategies (at least two) will you propose to a company of your choice to implement market development?arrow_forward
- For this week's discussion, the focus will be on examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, how does Porter's analysis examine the stress on profits from all directions and all dimensions of a firm's environment? You will be applying this tool by specifically looking at the market structure in which a firm competes. You will need to be able to distinguish an oligopoly from a monopolistic competitive market structure. Choose one of the following groups and use Porter's Five Forces to analyze the pressures on profits for your chosen group's firms.Group 1: Firms in the retail sector (e.g., Amazon, Walmart, Target, Kohl's, Sears, Macy's). For each group determine and explain whether the group is monopolistic competitive or an oligopoly. Be specific in which market structures the firms operate. Choose one of the firms from one group.Using Porter's analysis, what are the threats to profitability faced by the firm? This would be a great…arrow_forwardColleges and universities, like all business, have strengths, weaknesses, and competitors. Who would be the competitors to online universities?arrow_forwardImagine yourself as a CEO of a small firm in an industry in which you are interested and explain why the concept of competitive advantage is central to your company?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
