MNG3701 ASSIGNMENT 2 ANSWERS
SEMESTER 1 2023
TABLE OF CONTENTS
INTRODUCTION ...................................................................... 2
1.a Differentiate between responsible competitiveness
andirresponsible ............................................................................ 2
competitiveness .......................................................................... 2
1b Identify four examples of Dis-Chem’s sources of
competitiveadvantage ................................................................. 3
2 Appraise the Dis-Chem vision statement to determine
whetherit meets the .................................................................... 4
characteristics of a well-formulated vision. Hint: Use a table
with the following headings for the evaluation: components,
yes/no, excerpts from the vision statement ................................. 4
3.1 Use additional resources and the internet to identify themajor
competitors ................................................................................... 4
for Dis-Chem.............................................................................. 4
3.2 Explain Porter’s five forces model and apply it to the
pharmaceutical industry. Indicate the strength of
eachcompetitive force clearly ..................................................... 5
Competitive rivalry................................................................ 6
Supplier power ...................................................................... 6
Buyer power .......................................................................... 7
Threat of substitution............................................................. 7
Threat of new entrants ........................................................... 8
CONCLUSION .......................................................................... 8
REFERENCES ........................................................................... 9
, Stuvia.com - The study-notes marketplace
INTRODUCTION
This essay will delve into the concept of responsible competitiveness and differentiate
it from its counterpart, irresponsible competitiveness. It will also identify four sources
of competitive advantage for Dis-Chem, evaluate the effectiveness of its vision
statement, and analyze the company's market environment. In doing so, the major
competitors for Dis-Chem will be identified using additional resources and the internet.
Furthermore, this essay will explain Porter's five forces model and apply it to the
pharmaceutical industry to determine the strength of each competitive force.
Through this comprehensive examination, we hope to gain a deeper understanding of
Dis-Chem's position in the market and the factors that contribute to its success.
1.a Differentiate between responsible competitiveness and irresponsible
competitiveness.
According to business and organizational literature, responsible competitiveness is
defined as a company's ability to compete sustainably and ethically in the marketplace,
with a focus on creating long-term value for all stakeholders, including employees,
customers, shareholders, and the environment (Fiksel, 2013). According to Botha, 2022,
this type of competitiveness involves creating products and services that meet
customers' needs while minimizing negative impacts on the environment and society as
a whole.
Irresponsible competitiveness is characterized by short-term gain, without regard
for long-term consequences. This type of competitiveness often results in practices
that are harmful to the environment, society, or the economy, such as exploiting
workers, engaging in unethical business practices, or damaging the environment,
leading to negative outcomes, such as environmental degradation, social unrest,
and economic instability (Ramirez, 2015).
m Want to earn ml R13,625 per year?
SEMESTER 1 2023
TABLE OF CONTENTS
INTRODUCTION ...................................................................... 2
1.a Differentiate between responsible competitiveness
andirresponsible ............................................................................ 2
competitiveness .......................................................................... 2
1b Identify four examples of Dis-Chem’s sources of
competitiveadvantage ................................................................. 3
2 Appraise the Dis-Chem vision statement to determine
whetherit meets the .................................................................... 4
characteristics of a well-formulated vision. Hint: Use a table
with the following headings for the evaluation: components,
yes/no, excerpts from the vision statement ................................. 4
3.1 Use additional resources and the internet to identify themajor
competitors ................................................................................... 4
for Dis-Chem.............................................................................. 4
3.2 Explain Porter’s five forces model and apply it to the
pharmaceutical industry. Indicate the strength of
eachcompetitive force clearly ..................................................... 5
Competitive rivalry................................................................ 6
Supplier power ...................................................................... 6
Buyer power .......................................................................... 7
Threat of substitution............................................................. 7
Threat of new entrants ........................................................... 8
CONCLUSION .......................................................................... 8
REFERENCES ........................................................................... 9
, Stuvia.com - The study-notes marketplace
INTRODUCTION
This essay will delve into the concept of responsible competitiveness and differentiate
it from its counterpart, irresponsible competitiveness. It will also identify four sources
of competitive advantage for Dis-Chem, evaluate the effectiveness of its vision
statement, and analyze the company's market environment. In doing so, the major
competitors for Dis-Chem will be identified using additional resources and the internet.
Furthermore, this essay will explain Porter's five forces model and apply it to the
pharmaceutical industry to determine the strength of each competitive force.
Through this comprehensive examination, we hope to gain a deeper understanding of
Dis-Chem's position in the market and the factors that contribute to its success.
1.a Differentiate between responsible competitiveness and irresponsible
competitiveness.
According to business and organizational literature, responsible competitiveness is
defined as a company's ability to compete sustainably and ethically in the marketplace,
with a focus on creating long-term value for all stakeholders, including employees,
customers, shareholders, and the environment (Fiksel, 2013). According to Botha, 2022,
this type of competitiveness involves creating products and services that meet
customers' needs while minimizing negative impacts on the environment and society as
a whole.
Irresponsible competitiveness is characterized by short-term gain, without regard
for long-term consequences. This type of competitiveness often results in practices
that are harmful to the environment, society, or the economy, such as exploiting
workers, engaging in unethical business practices, or damaging the environment,
leading to negative outcomes, such as environmental degradation, social unrest,
and economic instability (Ramirez, 2015).
m Want to earn ml R13,625 per year?
