Select a popular product or company that you are familiar with, such as Apple's iPad. Apply Porter's competitive forces model to that product and/or company. Which of the four generic strategies is the company using?
What will be an ideal response?
Student answers will vary. One example answer using Apple's iPad is:
• Competitors to the iPad include the Microsoft Surface and many others, but few as widely known.
• New market entrants: There is not a huge barrier to entry in this field; many other technology companies offer tablet computers.
• Substitute products and services: Smartphones are a substitute product or service.
• Customers: The iPad still has the highest brand recognition among consumers, diminishing the bargaining power of customers. However, this advantage has diminished as other similar products that are as well designed enter the marketplace.
In terms of the iPad, Apple seems to be focused on product differentiation by creating a product with unique features and capabilities.
You might also like to view...
The changes during the first decade of the 21st century were often disruptive and provided new opportunities for social entrepreneurship across the globe. What is this disruption called?
A. perturbation B. disturbance C. global innovation D. creative destruction
The U.S. Constitution is the supreme law of the United States.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. Many people should speak for the organization when a crisis strikes. 2. Crisis preparation leads to quicker recovery from a crisis. 3. Managing a crisis is the ultimate test of ethical leadership. 4. Theft would be an example of an economic crisis. 5. Collapse of financial systems is an example of an outside environment crisis.
Charlotte pays $8,000 in tax deductible property taxes. Charlotte's marginal tax rate is 24%, effective tax rate is 20% and average rate is 22%. Charlotte's tax savings from paying the property tax is
A. $1,920. B. $1,600. C. $1,760. D. $8,000.