Wal-Mart. Half of all Americans visit a Wal-Mart at least once a month‚ and of those half one-third go once a week. Wal-Mart’s core strategy is to be the low cost leader. Wal-Mart’s competitive advantage is because they are the low cost leader. Wal-Mart commits to deliver quality products with the lowest possible price. Wal-Mart attains this in several ways; their strategy is to have multiple store formats for the different local environments‚
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Levels of strategy • Corporate strategy (eg. Virgin‚ Nestle) Strategic Management Business‐level strategy Different ways of competing at the level of the individual Business Unit (SBU) How can competitive advantage be sustained? Hyper‐competition – Which industries/markets should we be in? – How is the corporate portfolio managed? • Business strategy (eg. Virgin Atlantic‚ Nestle babyfood) – Tactics used by an SBU to compete in the market • Generic strategies and how to sustain these
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Apple Inc. Corporate Goals Empathy for Customers/Users We offer superior products that fill real needs and provide lasting value. We deal fairly with competitors and meet customers and vendors more than halfway. We are genuinely interested in solving customer problems‚ and we will not compromise our ethics or integrity in the name of profit. Aggressiveness/Achievement We set aggressive goals and drive ourselves hard to achieve them. We recognize that this is a unique time‚ when our products
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MGT 550: Strategic Management Chapter 04: Business Level Strategy Instructor M. Moinul Haque Notable Quotes Alice said‚ “Would you please tell me which way to go from here?” The cat said‚ “That depends on where you want to get to.” Lewis Carroll Even if you are on the right track‚ you will get run over if you just sit there. Will Rogers 2 M. Moinul Haque‚ Premier University‚ Chittagong Business Level Strategy Core Competency The resources and capabilities that
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2010. Built a work force and corporate structure that would reflect his own personality Leadership Understanding the operations of the firm Flat Hierarchy Opportunity to grow and voice their opinion Effective communicator – Singleminded and simple approach to operations. Happy workforce ESOS (Employee share ownership scheme) Future plans Strategic decision 1 – Blue Ocean Strategy Quality of the decision By adopting the Blue Ocean Strategy‚ he significantly reengineered
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Corporate Strategy The economic activities performed by Dell encompass the development‚ manufacturing‚ sale and support of personal computers and computer-related products. Since its foundation‚ the company has been based on the Direct Model‚ i.e. Dell has always tried and managed to create direct relationships with its customers‚ by selling products directly and without the participation of intermediaries. The sale has always taken place through a telephone service or via the Internet. In order
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Types of operation in Japan 6 Guinness distribution in Japan 8 Outline of Guinness® products in Japan 9 Marketing Strategy 10 Competitors 10 Yebisu/ Asahi strategy 11 Asahi Beer Oktoberfest 11 Yebisu beer festival 12 Yebisu also has its own bar‚ just like Kirin 12 Campaigns with celebrities 12 Hugh Jackman cuts a Japanese beer - Asahi commercial 12 Communication strategy for External Target 13 Definition of External target 13 How to differentiate the Guinness from Competitors? 14
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Turn around strategies‚ Business Model and Generic strategies notes a) Turnaround Strategies for Businesses in Crisis Signs of a crisis; declining performance measures e.g mkt share‚ roce‚ margins‚ revenues‚ profits‚ increasing costs‚ staff exodus Sources of a crisis Defects in management/ Poor management/neglecting key tasks Failure to change with changing environment Over-expansion Corruption Lack of resources Too much debt Poor strategy Failure to control costs/high costs
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diversify‚ Kmart stepped in and took the lead role in offering a one-stop shopping center that fulfilled everyone’s needs. As new niches began to emerge offering larger‚ more specialized stores‚ Kmart hit a major hurdle. The successful management strategies it had developed early on were now outdated and in major need of being renovated to coincide with changing market place and customer values. As Kmart attempted to revolutionize its image and infrastructure‚ stores such as Target and Wal-Mart took
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Marvel Enterprises‚ Inc. evolved from bankruptcy in 1997 to the best performing stock on The Wall Street Journal. This marvelous shift in Marvel Enterprises‚ Inc. is due to its strategic decisions in acquiring creative talent‚ a wide portfolio of super heroes and characters‚ synergetic acquisitions‚ strong control over the characters created by Marvel‚ very profitable value chain‚ and successful business model. Marvel History Marvel Comics started as an exclusive comic book company and was acquired
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