What are the three generic strategies according to porter

Assignment Help Business Economics
Reference no: EM131034544

Business Policy Discussion Questions

*Please answer each question individually and accurately. Must cite any and all references in APA format. Label each solution with the corresponding question. Looking for quality work, copy and pasted answers will NOT be accepted. Minimum 2-3 paragraphs per question. Scholarly responses are expected.

Part A

1. Post your Course Project organization's mission statement here, if you can locate it. If not, post what you think it might be. How do you think its mission statement has focused the organization? How hard was it to find the mission statement? What value do you see the mission statement providing to the organization and how might it be made better, if at all?

2. Can you see why vision, mission, long and short term goals, and values should all be in alignment with business level strategy? Does it have any relation to creating and sustaining competitive advantage?

3. This week we will be studying business level strategy (in this thread) and corporate level strategy (second thread). What are the three generic strategies, according to Porter and as stated in Dess (2012)? What is the strategy of your chosen company?

Part B

4. Select a business that has made the transition from bricks to clicks. Why did you choose them and how have they done so far?

5. Consider the benefits and burdens of clicks and bricks--what compelled you to study online...what factors led to your particular selection of a school?

6. Let's compare and contrast the benefits and challenges of the typical internet (e-commerce) site vs. the company's brick and mortar establishment? Which would yield more profits? Would it be wise to cease doing business at the brick and mortar store?

7. Keep in mind the purpose of developing a strategy. Strategy should also align with the organizational structure. What is your company's business level strategy? Does it easily fit into one of the three generic level strategies, i.e., focus, cost leadership, and differentiation or a combination thereof? Give examples of other companies which might fit the definition.

Reference no: EM131034544

Questions Cloud

Describe all possible ways with clear explanations : The transactions listed below are anticipated by U.S. firms that have no other foreign transactions. Describe all possible ways with clear explanations (forward, futures, options) that can be used to hedge each of the transactions.
Which forecasting technique was more accurate : Suppose you wished to forecast sales for 2010. At first glance, which time-series forecasting method would you suggest are appropriate for this date? Compute the forecast sales for 2010 using: Simple Average. 3-year Weighted Average. If actual sales ..
Advertising creatives believe ad pretesting inhibits : Advertising creatives believe ad pretesting inhibits their creative process and results in too much sameness in commercials. Marketers, on the other hand, believe it ensures the ad campaign will connect with consumers and be well received in the mark..
Long term estimated annual demand : A suitcase manufacturing company needs to but certain type of specialized machinery to for production. The long term estimated annual demand is about 60,000 suites. If one suitcase requires 10 minutes of production time, and company runs factory for ..
What are the three generic strategies according to porter : What are the three generic strategies, according to Porter and as stated in Dess (2012)? What is the strategy of your chosen company?
Case-spectrum brands diversification strategy : Present a general overview of Spectrum Brands International. Specifically, discuss important historical milestones, product offerings, major competitors and their relative market share. What are the major opportunities for Spectrum Brands as a result..
Does it inspire trust-accuracy-reliability and inspiration : Comment on why you selected this company/industry. Review the Report by the CEO/President, Auditor’s Opinion Letter, the graphics, and the formatting. How is the information presented? Does it inspire trust, accuracy, reliability and inspiration? Des..
How does it help a person move towards a transformation : What are the means; how does this religion attempt to solve this problem? How does it help a person move towards a transformation? What does one need to do?
What would be an example of the categorical imperative : Discuss Kant's categorical imperative. What is your understanding of the topic? What would be an example of the categorical imperative? Do you agree or disagree with this concept? Why or why not?

Reviews

Write a Review

Business Economics Questions & Answers

  Labor economics

1. Assume households have utility function U(C, I) = 2cl1/2, can earn wage w per hour worked, and receive V in non-wage income. Total amount of time available for leisure l and labor h is T = h + l.

  Discuss how dummy variables could be applied.

Select an economic problem or theory and discuss how dummy variables could be applied. Determine the value that dummy variables would add to your analysis (think outside the box on this one – avoid obvious examples like gender, race, etc.).

  Types of private solutions to the externality of pollution

Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. types of private solut..

  Capital-labor ratio in both countries

Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries.

  Stations advertising revenue

Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.

  What are the accounting costs and opportunity costs

A entrepreneur is trying to decide whether to open a health spa. They currently make $35,000 per year as a weight trainer and will quit their job to open the new spa. If they choose to open the spa, it will cost $200000 per year in rent end other ope..

  What is the future worth in sallys savings account

Sally deposited $100 a month in her savings account for 24 months. For the next five years she made no deposits. What is the future worth in Sally’s savings account at the end of seven years, if the account earned 6% annual interest, compounded month..

  Affects of lower price level in aggregate demand

A lower price level in the United States affects the purchases of imported goods. Select all of the following affects of a lower price level in the United States on aggregate demand.

  What is the slope of the supply curve

What is the slope of the supply curve? What is the P-intercept of the supply curve? What is the slope of the demand curve? What is the P-intercept of the demand curve? What is the equilibrium price and quantity of apartments?

  Calculate price elasticity of demand for movie tickets

Calculate price elasticity of demand for movie tickets if demand for movie tickets increases from 220 tickets to 290 tickets with the decrease in price from $12.50 a ticket to $8.50 a ticket.

  Patient visits per day to community clinic

Given the production function between nurse hours and patient visits per day to a community clinic, how will each of the following shift this function: A change inures remuneration from salary to fee for service. A change in the case mix of patients,..

  From an economic standpoint

Why do you suppose that some publishers are selling space for advertisements in their e-books-- and sometimes even in physical books? From an economic standpoint, how could we explain the willingness of someone to pay 19.99 for a physical book that i..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd