Differentiation strategies are not about pursuing uniqueness for the sake of being different. Differentiation is about understanding customers and how GM ’s product can meet their needs. To this extent‚ the quest for differentiation advantage takes us to the heart of business strategy. The fundamental issues of differentiation are also the fundamental issues of business strategy: Who are GM ’s customers? How does GM create value for them? And how does GM do it more effectively and efficiently
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* New traffic for budget conscious customers * More sales volume Cons * More needed space to hold product * Less product available because selling product faster * More labor required for replenishment of inventory and store front * More disgruntled employees from sheer volume of customers * High employee turnover from stress Alternative of differentiation Pros * Highlights company strengths and niches * Attract target customers * Higher revenue per transaction
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Broad Differentiation Some important tactics necessary to gain and maintain perceived uniqueness: 1. Developing innovative products/services for broad range of customers Zara creates a “fast fashion” concept which getting designs to customers quickly. It has more style than Gap‚ faster growth than Target‚ and logistical expertise rivaling Wal-Mart. 2. Significant investments in Marketing‚ Technology Development‚ Procurement & Customer Service ZARA takes just two weeks to get a new design
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Research and decision making Project Does Burger king or McDonald serve cheap and healthy Fast Food? Does Burger king or McDonald serve cheap and healthy Fast Food Abstract There are number of players in this fast food business like McDonald ‚ Burger King ‚ KFC‚ Wendy’s all are fast food restaurant which deals with variety of calorie intake food‚ some of them are nutritious while some of them are just fat intake. Research only McDonald and Burger King which has the healthy food. There has been
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Positioning and Differentiation Strategies Differentiation is the act of designing a set of meaningful differences to distinguish the company’s offering from competitor’s offerings (Rao‚ 2010). With Voice to Text/Text to Voice‚ Toyota designed itself above the rest. After researching the needs of its consumer‚ Toyota focused its plans on the safety and needs of today’s driver. With the human need to stay connected to our loved ones‚ friends‚ and business contacts at the touch of a button‚ Toyota
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Although I knew I was lucky and never thought of myself better than anybody I never really knew how lucky I was until I was 17 and decided to get a job. When I was getting ready for my first day at Burger King I expected to learn a few new things and meet a couple of people‚ but I had no idea that Burger King would mature me and make me realize how lucky I am. The first person I met was Matthew Wilder he trained me on my first day even though he is 2 years younger than me. Matt from the start was very
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How Dell.com uses Information technology and Information systems to support its Operation efficiency and Differentiation strategies? Dell.com is an American multinational computer technology company and one of the largest technological corporations in the world. The company is well known for its innovations in supply chain management‚ particularly its approach of delivering individual computers configured to customer wants and specifications‚ and by selling directly to the customers without going
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“Who is helping to Reduce America’s Belt Size- Burger King or McDonalds?” Christine Jefferson Com/155 April 7‚ 2013 Dr. Gray “Who is helping to Reduce America’s Belt Size- Burger King or McDonald’s?” With 1.6 billion over weight adults‚ and 400 million obese‚ it is imperative to know what is in the fast food that is consumed today. McDonalds and Burger King both serves the Grilled Chicken Caesar Salad‚ the Ranch Grilled Chicken Wraps‚ and the Classic Grilled Chicken Sandwich. This paper
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Five Guys Burgers and Fries: Ingredient’s for Success Case Study Assignment 1 By: Ibrokhim Rakhmatullaev To: Dr. Evangeline Jefferson Professor: COURSE NAME: BUS 508: Contemporary Business Strayer University Washington DC July 2012 Five Guys Burgers and Fries: Ingredient’s for Success Right way might be the long way but it always pays off. Five Guys Burgers and Fries‚ one of the fastest growing fast food chain in the country. It might have took them 15 years to open
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Hamburgers”. Others believe that the hamburger originated from a hotdog vendor who decided to substitute their hotdogs for beef‚ naming this invention the “hamburger” after their location‚ Hamburg‚ New York. On the other hand‚ Texans believe that the burger was a reincarnation of the breakfast patty- a beef sandwich squeezed between two slices of French toast and garnished with glazed onions. Although all of these instances have hit hamburger history‚ it is still uncertain which one of them is the true
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