Author Question: Explain various competitive strategies in business, with examples. What will be an ideal ... (Read 75 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
Explain various competitive strategies in business, with examples.
 
  What will be an ideal response?

Question 2

Which of the following is an example of a systems integrator?
 
  A) a consultant who ensures that employees are making the best use of information systems
  B) a manager who, through leadership, prepares the organization for change to become dynamic
  C) a manager who inspires employees to work together and provide resources the project team needs
  D) a consultant who ensures that the hardware and software components of an IS work together



ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Answer to Question 1

The low-cost leadership strategy means offering a similar product at a lower price compared to competitors. A relentless search for ways to reduce operating expenses and achieve efficiencies pervades this strategy. An example is Walmart.
Another approach is product differentiation, adding special features or unique add-ons for which customers are willing to pay more. The strategy tends to reduce threats from substitute products and also erects barriers to new entrants. An example is Apple.
Differentiating the product or service for a particular market niche is called a focused niche strategy. Research in Motion (RIM), for example, positions its Blackberry smartphone for the business and government segment, with its conservative looks and business-oriented features.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

For a complete list of videos, visit our video library