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MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024

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MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024. All questions answered.  Question 1 1. Evaluate the three generic strategies that companies can use to create a competitive advantage in Wiid, et al. (2020; 2024). Explain using practical examples what strategy OBC Meat and Chicken has used to create a sustainable competitive advantage. Keep each example and justification under 100 words.  Question 2 2. Evaluate the product development strategies in Wiid et al. (2020; 2024). Provide an example of each strategic form to show how OBC Meat and Chicken could use product development to meet changing customer needs and preferences. Also, indicate which one you think will be the best for OBC Meat and Chicken to implement and provide a justification for your choice (2 marks). Keep each example and justification under 100 words.  Question 3 3. Read the Clover Tropika case study in Business Cases: From South African Companies (Niewenhuizen, 2020:45-64). Use Clover Tropika as a practical example to briefly discuss the three marketing strategies that pioneers can choose from in a strategic marketing programme for pioneers as discussed in Wiid et al. (2020; 2024). Keep each example and justification under 100 words.

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 Question 1

1. Evaluate the three generic strategies that companies can use to create a competitive
advantage in Wiid, et al. (2020; 2024). Explain using practical examples what strategy OBC
Meat and Chicken has used to create a sustainable competitive advantage. Keep each example
and justification under 100 words.

Three Generic Strategies for Competitive Advantage (Porter’s Model):

 Cost Leadership: A company minimizes costs to offer lower prices than competitors, gaining
market share through price advantage. Example: Walmart achieves cost leadership by
leveraging economies of scale.

 Differentiation: Companies create unique products or services perceived as valuable by
customers, often allowing premium pricing. Example: Apple differentiates with innovative
design and technology.

 Focus: This strategy targets a specific market niche, tailoring offerings to specific customer
segments. Example: Rolls-Royce focuses on the luxury car market.

OBC Meat and Chicken Strategy:
OBC Meat and Chicken uses a focus strategy, targeting the price-sensitive market with low-cost,
high-quality meat products through their vertically integrated supply chain. By emphasizing
affordability and reliability, they sustain a competitive advantage in underserved regions.

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