In times of an economic downturn, which type of business strategy is most effective for a company to create and sustain competitive advantage? Discuss.
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- 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.Research a company that has gone bankrupt or otherwise stopped operations in the past decade because their strategy was “stuck in the middle” of otherwise viable generic business-level strategies. Could its demise have been prevented?The COVID 19 Depression can be noted as being worse than the 1928 World Great Depression. Indeed, many firms across the world have closed their businesses.As an advisor to the President of Happy-land Republic:i. Examine the survival strategies you would provide to enable firms to survive the effects of COVID 19.ii. You understand that for each strategy, challenges exist. Accordingly, you believe that the Prime Minister should be aware of these challenges. What challenges do you think would arise as a result of adopting each of the strategies you have provided to the Prime Minister.
- 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?Story:Qualco a retail luxury Furniture Company has recorded its second year of loss in the 12 years it has been in business. Every business desires to sell its product and services to the market with the least expenditure/expenses being generated to do so. Without adequate marketing, a business cannot compete in the marketplace, businesses must know who they are competing against, it will help them to see how the competitors are executing their business and attracting their customers. Qualco has not changed their marketing model in the 12 years since they began their operations. However, since they entered the market 2 other businesses have opened offering similar products. Qualco's administration Team has hired you an Organizational Learning Guru to guide them through the process of identifying how they should reverse their unprofitable trend. Their next alternative is to shut down their operations. QuestionUsing the Steps to Problem Solving, create an overview of Qualco's situation.…Make vs. Buy; Strategy GianAuto Corporation manufactures parts and components for manufacturers and suppliers of parts for automobiles, vans, and trucks. Sales have increased each year based,in part, on the company’s excellent record of customer service and reliability. The industry as a wholehas also grown as auto manufacturers continue to outsource more of their production, especially tocost-efficient manufacturers such as GianAuto. To take advantage of lower wage rates and favorablebusiness environments around the world, GianAuto has located its plants in six different countries.Among the various GianAuto plants is the Denver Cover Plant, one of GianAuto’s earliest plants.The Denver Cover Plant prepares and sews coverings made primarily of leather and upholsteryfabric and ships them to other GianAuto plants, where they are used to cover seats, headrests, doorpanels, and other GianAuto products.Ted Vosilo is the plant manager for the Denver Cover Plant, which was the first GianAuto…
- “Know thy self thy enemy. A thousand battles, a thousand victories.” In the light of this quote discuss how an industry and competitor analysis helps in growth of your business despite fierce competitions.1. Drawing on your knowledge of the PESTEL model, analyse the external environment facing Severstal and identify the key external factors which impact on the company. 2. Using Porter's Five Forces framework, analyse the attractiveness of the global steel Industry in Severstal which ope Support your analysis with evidence from the Severstal case study. 3.Using Porter's Generic Strategies, analyse the competitive strategy employed by Unilever.Support your analysis with evidence from the Unilever case study. 4. Using the Ansoff's matrix, analyse the direction of growth that Unilever has undertaken to grow their busi Provide recommendations for Unllever's future growth.How can a firm attempting to have a blue ocean business-level-strategy manage to avoid being "stuck-in-the-middle"?
- 4. What strategic goal can an IS attain that does not involve wresting market share from competitors?Provide some business exambles.Which of the following is NOT true of a company following a stability strategy? A) It is trying to avoid either growth or retrenchment. B) It regards strengths as fully exploited and weaknesses as fully protected against. C) It has no interest in expanding the customer base. D) It has not met its stated objectives.The curvilinear relationship of corporate performance and diversification indicates that: dominant-business corporate strategies tend to be higher performing than related constrained or unrelated business strategies. the highest performing business strategy is related constrained diversification. the less related the businesses acquired, the higher performing the organization. none of the strategies consistently outperforms the others.