For this chapter, the learning outcomes that we will get is, we can explain why competitive advantages are typically temporary, list and describe each of the five forces in Porter's Five Forces Model, compare Porter;s three generic strategies, and describe the relationship between business processes and value chains. BETUL TAK TIPU PUNYA!
WHAT IS COMPETITIVE ADVANTAGES?
Let me expalain
Competitive advantages is a product or service that an organization's customers place a greater value on than similar offerings from a customers. BETUL TAK TIPU PUNYA!.
WHAT ABOUT FIRST-MOVER ADVANTAGES?
OK! For the first-mover adavantages is occurs when an organization can significantly impact its market share by being first to market with a competitive advantage.BETUL TAK TIPU PUNYA!
HOW CAN I LIST EACH OF THE FIVE FORCES IN PORTER'S FIVE FORCES MODEL??
HERE! I LIST DOWN FOR YOU
BUYER POWER
assessed by analyzing the ability of buyers to directly impact the price they are willing to pay for an item
SUPPLIER POWER
assessed by the suppliers ability to directly impact the price they are charging for supplies.
THREAT of SUBSTITUTE PRODUCT or SERVICES
high when there are many alternatives to a product or service and low when there are few alternatives from which to choose.
THREAT of NEW ENTRANT
high when it is east for new competitors to enter a market and low when there are significant entry barriers to entering a market.
RIVALRY AMONG EXISTING COMPETITORS
high when competitors is fierce in a market and low when competition is more complacent.
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The organization typically follow one of Porter's three generic strategies when entering a new market.
| LOW COST | HIGH COST | |
| BROAD MARKET | LEADERSHIP | DIFFERENTIATION |
| NARROW MARKET | FOCUSED STRATEGY | |
Once an organization chooses its strategy, it can use tools such as the value chain to determines the success or failure of its chosen strategy.
BUSINESS PROCESS
a standardized set of activites that accomplish a specific task, such as processing a customer's order
VALUE CHAIN
views an organization as a series of processes, each of which adds value to the product or service for each customers.BETUL TAK TIPU PUNYA! BETUL TAK TIPU PUNYA! BETUL TAK TIPU PUNYA!
THAT's ALL............
KBYE!!!!
MUAHHH!! :*
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