0
A producer of commodity steel should pursue what generic competitive strategies?
Wiki User
∙ 11y ago
focused
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the difference between commodity and equity?
equity gives the person ownership rights while commodity refers to goods that can be traded. Commodity refers to a generic form of a product that is very basic and undifferentiated. Examples of a commodity include sugar, wheat, copper, bio fuels, coffee, cotton, potatoes, etc. A commodity is a product that cannot be differentiated because every commodity is equal to each other and cannot be separated out. Equity refers to some form of capital that is invested into a business, or an asset that represents ownership held in a business. In a company balance sheet, the capital contributed by the owner and shares held by a shareholder represent equity as it shows ownership held in the company by other.
What is the generic competency model?
what is generic competency
How much is a generic monopoly game?
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
What are some examples of perfectly elastic supply products?
As you know, elastic supply happens when a producer is willing to supply an unlimited quantity at a given price or higher, but none at a lower price. Perfectly elastic supply doesn't happen often, but it's happened before in agriculture markets. This is from a textbook "A hypothetical example of perfectly elastic supply comes with a generic cheese sandwich, such as that sold by Manny Mustard and thousands of others. The production cost of combining labor, kitchen utensils, mayonnaise, cheese, and bread are one dollar per sandwich. This cost is the same for one sandwich or one billion sandwiches. There is no increasing opportunity cost. There are no economies of scale. As such, the supply of generic cheese sandwiches is perfectly elastic. If buyers pay a buck each, one dollar, they get as many generic cheese sandwiches as they want. If buyers should lower the price they offer for generic cheese sandwiches by an infinitesimally small amount, then sellers do not supply any generic cheese sandwiches. If buyers should raise the price they offer for generic cheese sandwiches by an infinitesimally small amount, then sellers supply an infinitely large amount. Of course, buyers have no reason to offer a lower price because they can buy all that they want at the existing price."
How can a business become more profitable?
That's a complex question, with lots of factors. Due to the generic nature of the question I think a generic answer is in order - cut costs, and improve efficiency.
What is a strategy clock?
Bowman's Strategy Clock is a model used in marketing to analyse the competitive position of a company in comparison to the offerings of competitors. It was developed by Cliff Bowman and David Faulkner[1] as an elaboration of the three Porter generic strategies. As with Porter's Generic Strategies, Bowman considers competitive advantage in relation to cost advantage or differentiation advantage. Bowman's Strategy Clock represents eight possible strategies in four quadrants defined by the axes of price and perceived added value. The resulting star shape is reminiscent of a clock face, giving this tool its name.
What are some reputable discount commodity brokers?
Some examples of discount commodity brokers are companies such as Trade Station, Interactive Brokers Group, Express Futures, Generic Trade, and ProActive Futures.
Discuss the drivers of differentiation based competitive advantage?
Drivers Differentiation is enhanced by matching competences to the opportunities and laying out strategies of Differentiation, Combination, Focus, Generic and the internet. This principle is used to add value to products or services to motivate clients to pay more.
The five generic competitive strategies and abercrombie and fitch?
Abercrombie and Fitch's compeitive strategy is one of focused or niche based on differentiation. There customer base is a narrow segment and since A&F is not a price compeititor, although not as highly priced as high end designer-wear, their focus is on customized attributes.
Why is it difficult for a company in one strategic group to change to a different strategic group?
When choosing a generic strategy for a business to follow, a company must look far into the future to see what the future of the market might be. A successful competitive advantage requires that a company make consistent product, market, and distinctive competency choices. After a company has chosen a strategy it can be very expensive to change their strategies. Generic competitive advantage strategies provide competitive advantages, but they are expensive to develop and maintain. For example, a simultaneous differentiation/cost-leadership strategy is the most expensive, because it requires that a company invest resources not only in functions such as R&D, sales, and marketing to develop distinctive competencies but also in functions such as manufacturing and materials management to find ways to reduce costs. In deciding on an investment strategy a company must evaluate the potential return from investing in a particular generic strategy. In this way it can determine whether pursuing a certain strategy is likely to be profitable and how profitability will change as competition within the industry changes. The industry life cycle also affects how strategies are chosen. Each stage of the life cycle has different implications for the investment of resources needed to gain a competitive advantage (Hill and Jones, 174). Tapasya Sharma Student of IMT
How might Porter's generic strategies theory help to explain why Electronic Art lost its leadership in the video game market to Activision Blizzard?
as
What is the difference between commodity and equity?
equity gives the person ownership rights while commodity refers to goods that can be traded. Commodity refers to a generic form of a product that is very basic and undifferentiated. Examples of a commodity include sugar, wheat, copper, bio fuels, coffee, cotton, potatoes, etc. A commodity is a product that cannot be differentiated because every commodity is equal to each other and cannot be separated out. Equity refers to some form of capital that is invested into a business, or an asset that represents ownership held in a business. In a company balance sheet, the capital contributed by the owner and shares held by a shareholder represent equity as it shows ownership held in the company by other.
What has the author Marc P Philipp written?
Marc P. Philipp has written: 'Intellectual property related generic defense strategies in the European pharmaceutical market' -- subject(s): Drugs, Generic drugs, Law and legislation, Patents, Antitrust law
What are three generic non market strategies?
The three Generic non market strategies include the "PDC" which refers to P= Plan, D= Do, C= Check. One can actually apply this in every field. You better got to Plan out your actions and decide upon your vision. Frame a stratagem and then start working out on your plan . Go for regular updation of your action plan as per the external environment.
What has the author Jon M Hawes written?
Jon M. Hawes has written: 'Retailing strategies for generic brand grocery products' -- subject(s): Grocery trade
Is really worth studying business strategy?
Probably the most influential strategist of the decade was Michael Porter. He introduced many new concepts including; 5 forces analysis, generic strategies, the value chain, strategic groups and clusters. In 5 forces analysis he identified the forces that shape the strategic environment. It is like a SWOT analysis with structure and purpose. It shows how a firm can use these forces to obtain a sustainable competitive advantage. Porter modifies Chandler's dictum about structure following strategy by introducing a second level of structure: while organizational structure follows strategy, it in turn follows industry structure. Porter's generic strategies detail the interaction between cost minimization strategies, product differentiation strategies, and market focus strategies. Although he did not introduce these terms, he showed the importance of choosing one of them rather than trying to position your company between them. He also challenged managers to see their industry in terms of a value chain. A firm will be successful only to the extent that it contributes to its industry's value chain. This forced management to look at its operations from the customer's point of view.
Which of the five generic competive strategies does oliver's market use?
Oliver's is pursuing a best cost provider. They would be offering a mixture of products to attract a more diverse clientele.
