explain a competitive situation you encountered in your past. After reading stephen Covey’s book, how might you have handled that situation to turn it into a “win
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explain a competitive situation you encountered in your past. After reading stephen Covey’s book, how might you have handled that situation to turn it into a “win
For attempting this question you have to write your own competitive situation. I will help you in understanding the 7 habits of stephen covey to make the situation to be successful.
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- As would-be entrepreneur, you are tasked to write down at least 3 career opportunities which attract you most. Indicate what competencies you need to enhance in order to become successful in these opportunities. Explain your answer.Michael Porter argues that business operates within the frenzy and flux of five different forces that combine to determine its profitability. What is one way to boost your customers competitive position? O 1) Help customers make better decisions 2) Provide further discounts to stop competition O 3) Form a diamond team approach 4) Help customers prevent new entrants in the marketIs this statement true or false? It is advisable for entrepreneurs to make detailed cost calculations for every product or service they are selling. Through this effort, they can price their products competitively without sacrificing their profit margins.
- In your outlook, which do you think is the most effective among the (4) strategies of market targeting? Explain why? Which do you think among the four will become profitable in gaining a successful business outcome considering with enough resources?Why is it important to understand the drivers of profitability, as measured by ROIC?What are your options when you begin your business? How do you investigate your options?
- 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…Assess how Aldi company could modify its business-level strategy to both increase your overall level of satisfaction and to attract new customers?Compare the evolving company orientations used to adapt to the fast-changing competitive environment. Is there one orientation that companies should be following?
- Imagine yourself as a entrepreneur / founder of a business . You want to expand the business and you need capital to that do . Your potential investors need to know about , Write a paragraph on each of the following points : • You ( and your related / relevant experience ) • Your product and it's market ( source of supply , level of demand etc ) • Your business idea • The reward they might obtain from investing in your business ( financial reward , prestige etc .respond to the following as to why this is a good choice for a teleheath company The company I chose that provides mental health services through telehealth is www.NAMI.org The company provides support and education to those who are affected by mental illnesses and have 600 local affiliates and 49 state organizations. The organization lists 5 values in which assist in the possibility of recovery in which applies to the service of their mission to provide equality and hope to those struggling. There is no fee as the organization accepts donations and has volunteers. NAMI also offers DIY fundraisers and gifts of stock. I believe a benefit to this telehealth service benefits to those that are struggling with a mental illness as they provide help to kids, teens, young adults, and veterans whereas some organizations only focus on one age group. Some potential drawbacks I feel would consist of the patient not being consistent with calling in or not engaging fully as there is no in person…Imagine running a large city travel business. Despite many commercial customers, growth has stagnated. You think technology can help you. Does your company have a strength, weakness, vulnerability, opportunity, and threat?