Niche differentiation Study guides, Class notes & Summaries

What is the blue ocean strategy correct answers go where the profits and growth are and where the competition isn't Technology and Globation correct answers -info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently correct answers -Iphone in 2007 (1 billion units have been sold) -Ipad in 2008 (4...

GEB 4890 Exam Questions With Verified Answers Company strategy - answerthe set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: - answerare elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors- -reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approache...

What is the blue ocean strategy - Answer-go where the profits and growth are and where the competition isn't Technology and Globation - Answer--info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently - Answer--Iphone in 2007 (1 billion units have been sold) -Ipad in 2008 (450 million units) -I...

Strategy - the coordinated set of actions that its managers take in order to outperform the company's competitors and achieve superior profitability -Objective of a well-crafted strategy is not merely temporary competitive success and profits in the short run, but rather the sort of lasting success that can support growth and secure the company's future over the long term -Strategy, at its essence, is about competing differently doing what rival firms don't do or what they can't do De...

company strategy - Answer-the set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: - Answer-are elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors--reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approaches for setting a company apart from rivals and w...

What is the blue ocean strategy correct answers go where the profits and growth are and where the competition isn't Technology and Globation correct answers -info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently correct answers -Iphone in 2007 (1 billion units have been sold) -Ipad in 2008 (4...

3 central questions businesses face correct answers 1.) what is the present situation? 2.) what should the company's future direction be & what performance targets should they set? 3.) what is our plan for running the company & achieving good performance results? Present Situation correct answers Industry conditions and competitive pressures, market standing, competitive strengths and weaknesses, and future prospects in light of changes taking place in the business environment Example...

BIT 3454 Exam 1 The 9 blocks of the Business Model Canvas are: - correct answer 1. customer segments 2. value proposition 3. channels 4. customer relationships 5. revenue streams 6. key resources 7. key activities 8. key partnerships 9. cost structure types of value propositions: Blue Ocean Strategy - correct answer create uncontested market space; make the competition irrelevant; create and capture new demand; break the value-cost trade-off; align the whole system of a firm's act...

GEB 4890 - Exam 2 Latest Already Passed business strategy A leadership plan that achieves a specific set of goals or objectives generic strategies fundamental philosophical options for the design of strategies low cost provider strategy striving to achieve lower overall costs than rivals on comparable products that attract a broad spectrum of buyers broad differentiation strategy seeking to differentiate the company's product or service from rivals' in ways that will appeal to ...

WGU C236 Compensation and Benefits Exam (2024) || All Questions & Answers (Graded A+) WGU C236 Compensation and Benefits Exam (2024) || All Questions & Answers (Graded A+) Business Strategy - ANSWER - The collection of decision, approaches, and activities that allow an organization to complete and win. Cost Leadership Strategy - ANSWER - Focusing business priories on providing a lower-cost product or service. Differentiation Strategy - ANSWER - Providing innovative, exceptional, and hi...