Competitive Strategy: Apple’s competitive strategy is differentiation across the industry. Apple prides itself on innovation more than any other company‚ and is known for their unique top of the line products. Using differentiation as their main source of competitive advantage‚ they have succeeded to the top of their industry‚ while retaining higher than industry average profit margins. This innovative attitude is the source of long-term success throughout the history of Apple. For example
Premium Product management Product differentiation Macintosh
Mission Statement Our mission at Erie is to be the sensor company of choice by providing products with excellent design‚ high awareness‚ and easy accessibility to meet customer requirements. At Erie we will adopt a broad differentiator strategy by maintain presence in every segment of the market. Our main focus will be on developing an R&D competency that keeps our designs fresh and exciting. Low priced products will not be a focus at Erie‚ and our products will be priced above average. Instead
Premium Marketing
Broad Differentiation Strategy A Broad Differentiation strategy maintains a presence in both segments of the market. Competitive advantage is gained by distinguishing products with an excellent design‚ high awareness‚ and easy accessibility. R&D competency is developed that keeps designs fresh and exciting. Products keep pace with the market‚ offering improved size and performance. Prices are above average. Capacity is expanded as higher demand is generated. Mission Statement Premium
Premium Marketing Positioning Stock market
leadership and differentiation product • COMPETITIVE STRATEGY- the means by which an organisation seeks to achieve and sustain a competitive advantage…… Porter suggests that competitive strategy means taking an offensive or defensive action to create a defendable position to cope with the competitive forces- this would lead to greater returns • Porter suggests that a firm’s strengths fall into two headngs; cost advantage and differentiation. By applying these strengths in a broad or narrow focus
Premium Porter generic strategies Marketing Strategic management
itself‚ with a ________ or ________________. A) Focused strategy; product differentiation B) Focused strategy; cost advantage C) Cost advantage; primary value activities D) Cost advantage; product differentiation Feedback: The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself‚ with a cost advantage or product differentiation. Points Earned: | 0.0/1.0 | | Correct Answer(s): | D | 2. If a
Premium Strategic management
an unmanned ground vehicle (UGV) is any piece of mechanized equipment that moves across the surface of the ground and serves as a means of carrying or transporting something‚ but explicitly does NOT carry a human being. A discussion of such a broad universe of possible UGV systems needs some organizing principle‚ and in fact a taxonomy of UGV systems could be based upon any of a number of characteristics of each system‚ including: • the purpose of the development effort (often‚ but not always
Premium Unmanned aerial vehicle Transport Walking
In this assignment‚ we are assign to construct a 2 button type Ac motor control system. The 2 type button means that there are only 2 buttons which is the stop button and the forward button. The successful build the whole system‚ a few component are very critical in this system. Circuit breaker First is the circuit breaker. Circuit breaker is a switch which is designed to prevent damaging the circuit when there is over load or short circuit. But the circuit breaker works differently compare
Premium Optical fiber Electric motor Magnetic field
AS301A Subjects L T 0 1 P 0 0 Evaluation Scheme Sessional End Semester CT TA TOT P Th P 10 10 20 80 30 20 50 100 Total 100 150 Credits 3 4 Technical 3 Writing Mathematics- III 3 3 4 5 6 7 EE- 305 EC- 301 EC -302 EC- 303 AU-301/ AU-401 Sensor and Instrumentation Electronic Devices Digital Design Signals and Systems Human Values and Professional Ethics 3 3 3 3 2 1 1 1 1 1 2 2 2 2 0 20 20 20 20 10 10 30 10 30 10 30 10 30 10 20 15 15 15 15 - 100 100 100 100 80 30 30
Premium Fourier transform Digital signal processing
Strategic Groups * “the group of firms in an industry following the same strategy along the same strategic dimensions” (Porter‚ 1980) * “a set of firms competing within an industry on the basis of similar scope and resource commitments” (Cool & Schendel‚ 1968) Competitive strategy = a choice of which strategic group to compete in = the choice of the easiest group to ‘get into’ Strategic groups are organisations within an industry with similar strategic characteristics‚ following similar
Premium Strategic management Marketing
supply chain c. attract and retain global talent d. reduce costs e. understand markets 8. A strategy is a(n): a. simulation used to test various product line options. b. plan for cost reduction. c. action plan to achieve the mission. Correct d. broad statement of purpose. e. set of
Premium Management Strategic management Outsourcing