Chapter 5 The Five Generic Competitive Strategies Screen graphics created by: Jana F. Kuzmicki‚ Ph.D. Troy State University-Florida and Western Region 5-1 McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies‚ Inc. All rights reserved. 5-2 McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies‚ Inc. All rights reserved. “Competitive strategy is about being different. It means deliberately choosing to perform activities differently or to perform different activities than rivals to deliver a unique
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Article review :What is Strategy?(Michael E. Porter) We know ‚ Operational effectiveness means performing the activities required for producing a product or delivering a service better—that is‚ faster‚ or with fewer inputs and defects—than rivals. Companies can reap enormous advantages from operational effectiveness (as illustrated by the example of Japanese firms). But from a competitive standpoint‚ the problem with operational effectiveness is that best practices are easily emulated. Such
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an offensive marketing strategy to convince consumers that its competitor’s motorcycles were inferior while simultaneously romanticizing the unique features of Harley’s motorcycles. This proactive‚ image-driven campaign was designed to not only grow Harley Davidson’s business‚ but also shrink the business of its competitors. Defensive Strategy Defensive strategy is a reactive strategy. It is a developed to protect market share‚ position and profitability. It is a strategy that can be used to keep
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Corporate-level strategy is focused mainly on the decisions over the scope of the firm ’s activities‚ mainly: product scope‚ geographical scope‚ and vertical scope. One of the myths of corporate-level strategy is that strategy formulation can be separated from implementationthat strategy is constructed first‚ then the appropriate management and organizational structure is selected afterwards. Unfortunately‚ this will result in a poorly designed strategy since it does not take into account the
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What is Father Prior’s strategy for achieving his vision? What competitive advantage might Mystic Monk Coffee’s strategy produce? 4. Is Mystic Monk Coffee’s strategy a money-maker? What is MMC’s business model? What is your assessment of Mystic Monk Coffee’s customer value proposition? its profit formula? 5. Does the strategy qualify as a winning strategy? Why or why not? 6. What recommendations would you make to Father Daniel Mary in terms of crafting and executing strategy for the monastery’s coffee
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15.769 Manufacturing Strategy Spring 2001 Second revision of syllabus Prof. Don Rosenfield: E40-419‚ 253-1064‚ e-mail: donrose@mit.edu Teaching Assistant: Melissa Falkowski‚ Office TBD‚ mfalkow@mit.edu Manufacturing strategy examines strategy for manufacturing and operations within the firm. The course will examine how manufacturing and operations can be used as competitive weapons. Traditionally‚ these areas have been viewed as narrow‚ functional areas‚ and management of them
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key competitors. Broader lines and attractive products consumer. Better service to customers. Loyalty or addition of new clients TYPES OF STRATEGIES Segmentation and Positioning Basic Competitive Strategies Porter Growth Strategies Strategies against the competition Launching new products PORTER COMPETITIVE BASIC STRATEGIES Competitive advantage of the product = only perceived by buyers. LEADERSHIP IN COSTS: When consumers value low cost as a factor very important
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looked like a hut‚ Pizza Hut was born. 4. Transformation Phase o Family ties o 1977 Pizza Hut was acquired by one of the true giants of international business: PepsiCo‚ Inc. o Pizza Hut shared its leadership position with such fine products as Pepsi-Cola ® brand soft drinks and Frito-Lay ® brand snack foods. o October 1997‚ PepsiCo spun off the restaurant businesses (Pizza Hut‚ KFC and Taco Bell) o Tricon was founded. May 16‚ 2002 o Tricon officially became YUM! Brands with the addition
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CHAPTER 12 Implementing Strategy in Companies That Compete in a Single Industry Synopsis of Chapter Chapter 12 examines how managers can best implement their strategies in single-industry firms in order to achieve a competitive advantage and superior performance. First‚ the main elements of strategy implementation—structure‚ control systems‚ and culture—are analyzed in detail‚ focusing on the way they work together to create an organizing framework. Then the chapter turns to the topic of
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standardized‚ concentrated and differentiated Global Marketing. Critically evaluate each strategy with an example from a global company to illustrate the differences There is a tendency for international corporate-level strategies to be substituted for global marketing strategies; namely‚ multi-domestic strategy to concentrated marketing‚ global strategy to standardized marketing‚ and transnational strategy to differentiated marketing. However‚ the borderline lies as the former focuses broadly
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