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What do you perceive as Segway’s competitive advantage? To what extent is this competitive advantage sustainable over time?
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- Understanding of environment by business managers enables them not only to identify and evaluate but also to react to the forces external to their firm. In light of the statement, explain by giving any five points why in the present-day competitive market, it is essential for a business enterprise to remain alert and aware of its environment. AsapA company achieves sustainable competitive advantage when: Answer D) its strategy and its business model are well-matched and in sync. C) it is consistently able to achieve both its strategic and financial objectives. B) it has a profitable business model. A) an attractive number of buyers have a lasting preference for its products or services as compared to the offerings of competitors.What does achieving competitive advantage entail?
- For a business "Accommodation and Food Services" what could be done to gain competitive advantage?What makes a competitive advantage sustainable, and why is sustainability a critical strategy-making consideration? Is sustainability knowable in the medium and long term? Why or why not?Can a firm achieve a competitive advantage and, thereby, strategic competitiveness without acting ethically? Explain.
- The Five Forces model of business strategy identifies threat of substitutes, threat of entry, power of buyers, power of suppliers, and the intensity of rivalry as the determinants of sustainable incumbent profitability in a particular industry. Discuss each of the Five Forces and provide relevant examples to support your answers.What strategy should a business manager follow to increase the competitiveness of his business?Evaluate FedEx’s performance relative to customer expectations. What is the outcome of this process?