discourage such a shift? (Support your answer with an example) 4. In what ways can a corporation’s structure and culture create internal strengths or weaknesses? (Give examples) 5. What are the advantages and disadvantages of being a first mover in an industry? (Give some examples of first mover and late mover firms) 6. Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously? Why or why not? 7. How should a corporation
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Strategic Positioning and Sustainable Competitive Advantage in Food Industry Abstract Purpose – This paper examines the concepts of sustainable competitive advantage (SCA) and strategic positioning (SP) and seeks to develop a framework on determinants of SP and SCA in the food industry following the case study approach. Design/methodology/approach – This paper analyzes the concepts of strategic positioning and sustainable competitive advantage and their interrelation. The qualitative study of
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discourage such a shift? (Support your answer with an example) 4. In what ways can a corporation’s structure and culture create internal strengths or weaknesses? (Give examples) 5. What are the advantages and disadvantages of being a first mover in an industry? (Give some examples of first mover and late mover firms) 6. Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously? Why or why not? 7. How should a corporation attempt
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To what extent do you think China still represents a significant opportunity for businesses from outside of China? [40 marks] Opportunity is the measure of a time set where you either take it and gain from it or leave it. This provides, to some extent, risks or rewards which targeting an emerging market could prove to be profitable or not. Despite China economic growth slowing down, it is still rising. This will write about whether China still represents a significant opportunity through luxury
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a country. Innovation Development of new products, processes, organizations, management practices, and strategies. Deregulation Removal of government restrictions concerning the conduct of a business. First-Mover Advantages Advantages accruing to the first to enter a market. Late-Mover Disadvantages Handicaps experienced by being a late entrant in a market. Political Risk The likelihood that political forces will cause drastic changes in a country's business environment that will adversely
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the strategies for accomplishing them. In formulation, we are trying to modify the current objectives and strategies in ways to make the organization more successful. This includes trying to create "sustainable" competitive advantages -- although most competitive advantages are eroded steadily by the efforts of competitors. A good recommendation should be: effective in solving the stated problem(s), practical (can be implemented in this situation, with the resources available), feasible within
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strategy of being adaptive, instead of being the first to market. They choose to wait and see whether an innovation is being successfully introduced by another company, because this strategy has the advantage of lower development costs, lower risk, and a better sense of what the consumers want. However, since they invest an enormous amount in Research & Development they should be able to foresee what the market wants. Hence they could apply the ‘first mover’ strategy. Because of this, most people do
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Chapter 1 1. Define strategic competitiveness, strategy, competitive advantage, above-average returns, and the strategic management process. Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy. Strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. Competitive advantage is when a firm implements a strategy that its competitors are unable to
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and Dr. Dana Shires in 1965 and has been a leader in the sports energy drink industry with a significant amount of market share. Currently, Gatorade is the official sports drink of the NFL, NBA, PGA, and many other athletic organizations. As the first mover in the sports energy drink market, Gatorade has set itself apart from rivals like PowerAde and Vitamin Water by creating value for customers by establishing business relationships, conducting scientific research, and product innovation. The Gatorade Company
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Question 1 How structurally attractive is the video console industry in 2008? 1. There are three great players already in the market, which are Sony with its PlayStation 3, Microsoft with its Xbox 360 and Nintendo with Will. All three players are striving for market leadership in the game industry. New entrants into the video game market is difficult because of the huge previous investment and the saturated market. 2. With the Wii outselling the PS3 2:1, it will be difficult to compete
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