Discuss the risks associated with each of these forms of competitive advantage-cost leadership, differentiation, and focus.
What will be an ideal response?
Cost leadership: must pay attention to all aspects of value chain and manage overall costs; firm is vulnerable to raw material cost increases; the strategy is easily imitated; need to maintain parity on differentiation but lower prices.
Differentiation: risk that differentiation is not deemed as valuable; too much differentiation could make product or service less attractive; price premium can be higher than customers willing to pay; differentiation can be imitated; brand can be diluted through product line extensions; perceptions of differentiation may vary.
Focus: cost advantage may erode over time; competition may come from new entrants and imitation; there can be too much focus to satisfy buyer needs.
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The HR department at ZET Resources is having a tough time documenting its hiring decisions. In addition, irregularities were uncovered when reviewing the offers made to job candidates during the previous year. As a solution to these issues, the human resource manager proposes that all activities related to employee selection be documented thoroughly with the help of computers. In this scenario, the manager proposes using
A. decision support systems. B. transformational processing. C. micro processing. D. expert systems. E. transaction processing.
Dan is a non-union employee at Lexia Inc. Although he does not intend to join the union at the company, he is still required to pay union dues as part of a union contract with the company. What does this scenario best exemplify?
A. a union shop agreement B. a trade-off provision C. a closed shop agreement D. an agency shop agreement E. a checkoff provision
A primary spermatocyte has 64 chromosomes. After meiosis I, each secondary spermatocyte would have 32 chromosomes. After meiosis II, each spermatid would have 16 chromosomes.
Answer the following statement true (T) or false (F)
Which of the following individual sports has the smallest purse earnings?
a. LPGA Tour b. PGA TOUR c. NASCAR d. Tennis