Contrast competitive advantage with competitive rivalry. How do you get a competitive advantage?
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1. Contrast competitive advantage with competitive rivalry. How do you get a competitive advantage?
2. Explain and offer an example of each of the three major global strategies that are worked at the corporate level: growth, reduction (entrenchment) and stability.
Step by step
Solved in 3 steps
- Using your home country, select an organization with a competitive advantage to examine how their strategies are implemented. 1. Why would you classify the organization as having a competitive advantage in the respective market? 2. Based on the material in Session 4.1, what types of strategies does this organization employ? 3. As a critical thinker, are there any strategies that you think this organization should implement and/or eliminate? Why?Consider the current evolution of these two structures (perfect competition vs. monopoly) in an expanding global-enterprise environment. Which do you think will be more advantageous?How can companies gain competitive advantage by using National Competitive Advantage? Explain regarding Porter’s model on National Advantage and give an example about these advantages.
- When a company operates in the markets of two or more different countries, and important strategic issue is A) how many profit sanctuaries to try to establish. B) choosing which foreign companies to team up with via strategic alliances or joint ventures. C) whether to vary the company's competitive approach to fit specific market conditions and buyer preferences in each host country or whether to employ essentially the same strategy in all countries. D) whether to use cross-market subsidization to help defeat its rivals. E) whether to test the waters with an export strategy before committing to some other competitive approach.The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning? Discuss. Governments worldwide are turning to “protectionism” to cope with economic recession, imposing tariffs and subsidies on foreign goods and restrictions/incentives on their own firms to keep jobs at home. What are the strategic implications of this trend for international commerce? Identify two industries experiencing rapid technological changes and three industries that are experiencing little technological change. How does the need for technological forecasting differ in these industries? Why? Discuss the ethics of gathering competitive intelligence. Discuss the ethics of cooperating with rival firms.3.Discuss THREE things that Sony can learn from its competitors for the company’s future success.
- business diversification ... describe How can a company ensure that its diversification efforts are sustainable over the long term?How can companies gain competitive advantage by using National Competitive Advantage? Explain regarding Porter’s model on National Advantage.2. Explain and offer an example of each of the three major global strategies that are worked at the corporate level: growth, reduction (entrenchment) and stability.
- Nivea is an example of a glocal company, in other words, Nivea represents both a high degree of “market responsiveness and global coordination/integration’ Which degree of market responsiveness and global coordination/integration does Nivea represent?What are the three fastest-growing companies in the country? (name them, be specific) What opportunities have they pursued to achieve this level of growth? What growth mechanism have they used (internal, joint venture, acquisitions, franchising, etc.)?Please answer the following question in a paragraph. How do six flags expand their business against competitors?