Explain how Porter’s five forces framework for industry analysis enables the attractiveness of an industry to be determined. Discuss the usefulness and limitations of the framework in helping managers formulate strategy. The principle question which will be explored throughout this analysis is how do Porter’s five forces framework determine the attractiveness of an industry. The limitations and usefulness of this approach will be examined and in order to investigate this issue there will be an explanation of what Porter’s five forces entail and how firms in the current dynamic market place can still benefit from this model. Additionally a closer inspection on the critique of his theory and a look at how his model can be complimentary to other strategic tools and as well as further developed in order for a firm to create a competitive strategy.
What is MMC’s business model? What is your assessment of Mystic Monk Coffee’s profit formula? 5. Does the strategy qualify as a winning strategy? Why or why not?
3- What alternatives are available for dealing with the problems in the Sales Support group? A- How did you evaluate the alternatives? B- What actions should Christy Connor propose to Brandon Ali? 4- How do you think each of the major internal stakeholders, specifically Brandon Ali, Chuck Dee, Jane Albright, the Sales Team, and Sales Support group, will react to your proposed solution? 5- Who are the major external stakeholders?
4) Discuss how the principles of Social Penetration Theory (SPT) and Uncertainty Reduction Theory (URT) overlap. How can initial interactions (as discussed in URT) be compared to developing relationships (as discussed in SPT)? Further, delineate how self-disclosure functions in both theories. 5) Discuss the interpretation and the role of silence in Communication Privacy Management Theory and in Relational Dialectics Theory. 6) Decision-making is an essential component in both Structuration Theory and Groupthink.
A classification of competitive strategies is provided Porter (1985). These can be seen in figure 6.6, page 287, generic strategies. To identify which generic strategy Sainsbury’s have been following then it might be useful to revisit the value chain analysis you undertook in question 2. This will highlight how the firm is adding value in terms of cost or differentiation. You must then decide whether it is a narrow or focussed strategy.
Describe Google’s customer value proposition and profit formula linked to its business model. What strategies has Google relied upon to build competitive advantage in the industry? 5. Have Google’s business model and strategy proven to be successful? Should investors be impressed with the company’s financial performance?
What is MMC’s business model? What is your assessment of Mystic Monk Coffee’s customer value proposition? its profi t formula? 5. Does the strategy qualify as a winning strategy?
6. Risk analysis and management (Akinci, 2009) 5. What is a Gantt chart? Answer: A type of bar chart, developed by Henry Gantt, that illustrates a project schedule. Some also show the dependency
What value does Arrow add to its suppliers..? What value does it provide its customers..? You must consider here what Arrow sells to whom and where it makes money. 4. How would the Express Parts proposal affect Arrow’s business model, its selling effort, and its profitability..?
What are Kodak’s competitively important resources and capabilities? Which of its resources have the greatest competitive power? Apply VRIS (Value-Rarity-Imitability-Substitutability) framework to test their sustainability. 6. What does an analysis of Kodak’s financial statements for 2007-2011 reveal about the strength of its business model and strategy?