For a company's competitive strategy to succeed in delivering favorable performance and the intended competitive edge over rivals, it has to be well-matched to a company's internal situation and underpinned by an appropriate set of resources, know-how, and competitive capabilities. True or false? Explain your answer.

What will be an ideal response?


The statement is true. To succeed in employing a low-cost provider strategy, a company must have the resources and capabilities to keep its costs below those of its competitors. This means having the expertise to cost-effectively manage value chain activities better than rivals, leveraging the cost drivers effectively, and/or having the innovative capability to bypass certain value chain activities being performed by rivals. To succeed in a differentiation strategy, a company must have the resources and capabilities to leverage value drivers effectively and incorporate attributes into its product offering that a broad range of buyers will find appealing. Successful focused strategies (both low cost and differentiation) require the capability to do an outstanding job of satisfying the needs and expectations of niche buyers. Success in employing a best cost strategy requires the resources and capabilities to incorporate upscale product or service attributes at a lower cost than rivals. For all types of generic strategies, success in sustaining the competitive edge depends on having resources and capabilities that rivals have trouble duplicating and for which there are no good substitutes.

Business

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Which of the following variables are operating variables used for industrial marketing segmentation?

A) delivery speed of the product B) order size C) technologies used by the customer D) number of employees

Business

Answer the following statements true (T) or false (F)

The income statement for Sweet Dreams Company is divided by its two product lines, blankets and pillows, as follows:



If Sweet Dreams can eliminate total fixed costs of $32,000 by dropping the pillows line, operating income will increase by $46,000.

Business

What did the Federal Employees Pay Comparability Act of 1990 mandate?

What will be an ideal response?

Business

The word "merchantability" need not be mentioned as a disclaimer of an implied warranty of merchantability

Indicate whether the statement is true or false

Business