Competition Course Works Samples For Students

Introduction

In general, every firm possesses a specific market structure, which is mainly determined by the number of buyers, number of sellers, ease of entry or exit, and the degree of product differentiation (Arnold, 2010). The underlying determinants give rise to four types of market structures. These include perfect competition, monopoly, monopolistic competition, and oligopoly.

The short-run and long-run equilibrium for firms in a perfect competition industry is considerably different. Both short-run and long-run revenue data for a wheat farmer have been shown in table 1 and table 2 respectively.

In the long-run, it is assumed that the entry of new ...

Chapter 4

- The firms are pursuing cost leadership strategy and in this strategy advertising is essential. It is considered fixed cost because it is showing the people or shifting their focuses on the products with similar qualities as their competitors’ products but at a lesser price. On the other hand, product-differentiation strategy is based on advertising the unique qualities of the products and their reasonable costs.

- The actions the firms can take to ensure that economies of scale exist are 1- they make sure that the volume of production reach the optimal level where the average cost per unit ...

SWOT Analysis

For successful formulation and implementation of a company’s marketing strategies for its products, the analysis of both internal and external product and company environment is arguably crucial. In this case, it is imperative for the company to apply SWOT analysis tool. SWOT analysis primarily entails the analysis of the company or product’s strengths, weaknesses, opportunities and threats. Pahl and Richter (2009) identify SWOT analysis as a vital tool for effective decision making and in the understanding of the autonomies between an organization, or product, and its internal and external environment. Table 1, below, provides a summary of the product (Ruffle ...

Abstract

Global market operations require that a multinational organization considers policy structures that prove effective in the management of its global operations. An examination worldwide operation of Maersk Line in 135 countries around the world reveals that the company has employed investments in innovation and capacity building as the main driver of its supply chain components. Based on this six operational areas that encompass; customers, competition, operational costs, communication, technology and environmental pollution the paper investigates the efforts made by the management at Maersk Line in effectively running its supply chain worldwide. The paper finds that several challenges and opportunities are ...

There are different external factors which influence competitiveness of a business. The business has direct control over the internal factors, and cannot control such external factors. Such external factors include political environment, technological environment, international environment and socio-cultural environment which are beyond a firm’s control. Business environment are constantly changing and carries with them uncertainties, risks and opportunities which businesses need to adopt. Success of a business enterprise may depend on the adaptability and alertness of a business to change in the environment.

PEST Analysis for Starbucks

PEST is a reference to a tool used in analyzing the business environment, which refers to Political, Economic, Social and Technological ...

Strategic planning denotes the process through which managers assess the company’s future prospects and make a decision on suitable strategies for attaining long-term goals (Heizer & Render, 2014). This paper discusses three approaches to devising and implementing strategy namely economic imperative, political imperative, and quality imperative. Moreover, selects an imperative that can best function for Apple Inc.

Economic imperative is a global strategy based on differentiation, cost leadership, as well as segmentation. On contrary, political imperative denotes strategic formulation as well as implementation using strategies, which are nation-responsive and developed to protect or promote local market niches.

On the other ...

Part A: Your Marketing Plan

Executive summary
Business operations are dependent on effective planning. Admittedly, the most fundamental facet is marketing plan. As such, a marketing plan generates an overview of the approach that an organization will inculcate in ensuring brand growth, awareness and sales within the market of operation. Marketing plan necessitates an effective blue print that an organization incorporates towards sustaining profitability, shareholder returns and necessitating returns on the investments made. Accordingly, from the evaluation of AHA beverage company, a marketing plan forms a plausible tool towards the launching its AHA vitamin water. Thus, through the inculcation of the marketing plan, the organization will ...

Marketing Strategy

A marketing strategy implies the line of approach that an organization pursues to maximize opportunities with the aim or goal of increasing sales and to attain competitive advantage. It (marketing strategy) includes all short, medium and long-term activities that aim at achieving the desired goals of competitive advantage and increased sales (Peter, Olson & Grunert, 1999, p.333). Pricing, on the other hand, is the most direct approach that a firm/company uses to communicate with the clients or customers. Pricing strategy is the most difficult pillar of marketing to implement. This is so because it integrates vertical and horizontal decision making in ...

This analysis will use the top companies in the food and beverage industry. In a the past three years, PepsiCo Inc., Tyson Foods Inc., Nestle and the Coca Cola Company. All of these companies portray exemplary performance, they are all not as consistent in their competition. A few of these companies make very inconsistent profits that fluctuate each year from high profits to also large losses. PepsiCo Inc. is among the companies that are very successful and consistent in the market. The company has continually provided good quality to its consumers. Tyson Foods is also a well performing company, but which ...

(a)When you arrive at work on Monday, you get a call from Java Distributors, who tells you that the week’s coffee cannot be delivered until Tuesday afternoon. You believe this is a clear breach of your contract with Java Distributors. What should you do? Fully discuss all of your options, and choose the one that is best for your business.

A contract provides the duties and obligations of each party privy to the contract. It also offers the remedies which are available to the parties in case of a breach. In this case, java distributors are responsible for the breach ...

Introduction

In the present business world the assumption is that firms would like to maximize profits, but in the real life maximizing profit has a great impact on the society and the economy (Wigley 1996). Firms are classified according to the type of market structure they belong to. There are four types of market structure; perfect competition, monopoly, monopolistic, and oligopoly. The main factors that influences a market structure are; the number of buyers and sellers, the degree of product differentiation, the knowledge of buyers and sellers regarding a commodity and the strengths of barriers to entry and exit. Different industries ...

INTRODUCTION

Coca Cola Company (CCCL) was established in the year 1892 in the Atlanta state of USA. The company offers a range of beverages as the world’s largest beverage provider having around 500 variants being served to its customers. Coca Cola is a global company with its foot prints across 200 countries of the world in given below proportion:
(Coca Cola)

Some prominent players of the Coca Cola portfolio are as follows:

The share of Minute Maid in the revenue of the Coca Cola was 7.27% in 2009 which grew to 7.88% in the year 2013 (Trefis, a). According to the Report Linker’s analysis, Minute Maid is one of the leading ...

The corporate strategy of the firm is based on a number of factors and various elements. There are virtually tens of viewpoints and narratives on which a firm can build its core objectives. These viewpoints serve as a basis towards uniform criteria for strategy development and maximum utilization of firm’s capabilities. The corporate strategy making has gone a long way since the industrial revolution and the introduction of mass production. Various theories have been proposed by business theorist and intellectuals that revolve around maximizing a firm’s performance and competitive advantage. The evolution of those thought processes and later experiments in real business ...

Introduction

Costco, the third largest retailer chain in the U.S. and the seventh largest retailer in the world, has significantly grown in the last ten years, a critical period disrupted by the great recession, e-commerce revolution, and global competition. Although a big number of retailing enterprises failed to survive the difficult challenges of the decade, Costco demonstrated an outstanding revenue growth performance over its key competitors – Wal-mart (includes Sam’s Club), BJ’s, Target, Sears, and JC Penney. However, based on an analysis of the 10-year financials of Costco and its key competitors, the profit performance of Costco has not ...

Project Part 2: Organizational Overviews

Sugar Brush Resort was opened in 25th December the year 1958; the founder members were Damon and Sara Gadd in partnership with Jack Murphy. This era was referred as the Gadd Era which was between 1958-1977.The team was able to get influential people such as Kim Novak, Olleg Cassini and his brother Igor who was a gossip columnist; they became frequent customers of the resort contributing to its publicity. In 1977, the resort was sold to Roy Cohen, who managed it up to the year 1983.During the Cohen era, the resort was expanded, and Cohen was able to purchase the ...

Monopolistic competitive markets and oligopoly are market structures. Monopolistic competitive market is a market structure with many buyers and sellers with differentiated products. The products are not close or perfect substitutes. In oligopoly, there are very few sellers in the market, therefore, becoming easier for them to inter relate easily with each other. (Tewari, 1996).The both have different features thus, becomes straightforward to distinguish them from each other.

An example of a monopolistic competitive market can be taken from the toothpaste industry. There are many different types of toothpaste and also many consumers. It is upon the strategies put in ...

(BMW ) Bayerische Motoren Werke is a German automobile engine, and motorcycle manufacturing company founded in 1916.it is a global producer of high-class vehicles. BMW has become extremely successful following its exclusive innovation in production of automobiles, as well as promotion of the brand. One of the main competitors is Audi Company, which is also a manufacturer of equally competitive luxury vehicles. Audi was founded in 1932, where it traded as FWB and it was founded in Germany.

Audi is a result of merging of four companies that operated in Germany as car manufacturers. This is represented by the four circles label with each ...

Introduction:

Never before in my entire life have I ever attended a dance competition, but on this one occasion, I made a commitment to attend one. There was the annual dance competition in New York, and I was exceptionally enthusiastic about this event as I did not know what to expect (Stevens, 156). The dance competition takes place every January and brings many dancers from all over the country. This was a breathtaking event that mesmerized me. My only contribution to this event was just to observe the different thinks that were taking place at the dancing event. This event attracted a lot of ...

My personal values are very stalwart in nature like I do not play video games until all my work is done or until I have done a certain amount of work for that day, and I also value respecting and trusting people until they give me a reason not to. I value honesty above all else, there is not a lot of things that set me off but a person being dishonest will definitely upset me; the way I see it, if I can be honest then why can’t that person be honest with me.

I can safely say that I was ...

Introduction

The analysis applies important microeconomic concepts capable of increasing the competitiveness of Kudler Fine Foods. Different organizations operate in different marketing structures depending on the type of business, size, and goods and products sold. According to Colander (2010), the four basic types of marketing structures that businesses currently operate on are oligopoly, monopolistic, perfect, and monopoly. Understanding competitive strategies adopted by Kudler Fine Foods assists in establishing the type of market structure where the company operates. Additionally, the analysis will discuss the effect of the chosen market structure on the organization and the relationship between the market structure and ...

What is the difference between deliberate strategies and emergent strategies?

Deliberate strategy is an approach coined by Michael Porter that intends to provide focus, control and direction when it comes to formulating strategies. Since this kind of approach requires direction, an organization that seeks to formulate deliberate strategy requires clear and well-articulated intentions containing specific details for better understanding. This kind of approach involves cooperative actions from stakeholders to achieve the identified strategy through the intended plan. On the other hand, an emergent strategy involves consistency and order in the engagement of an organization to achieve the intended outcome .

How might emergent strategies help with a future strategic planning process?

Emergent strategies are beneficial for companies that intend to ...

Strategic planning involves the organization activities that are undertaken to manage the change that takes place in the external environment of the company. There are three main elements of strategic planning: (Abraham, 2012).

- Strategic Planning and Control – This process requires the changes that should take place in the organizational objectives, in resources and policies that should be used to attain these objectives. Hence, strategic planning and control requires the changes that will help in changing the direction of the organization objectives.

- Management of Planning and Control - This involves ensuring that all the resources that are ...

The institutional affiliation

The four major market structures in the modern economic world are: perfect competition, monopoly, oligopoly, and monopolistic competition. Each one has strengths and weaknesses, opportunities and threats, so let us take a closer look at them.

Perfect completion is also called pure competition and is a benchmark where competition exists at its best level. Perfectly competitive market has large number of participants and none of them is large enough to influence the product price or its quality. In other words, there are so many sellers that neither price nor quality varies significantly. Pure competition market is easy to enter and exit ...

It has been 56 years since the festival has celebrated annually and people are always expecting for the Maine Lobster Festival or MLF that promises happy moments and delicious food. The celebration has many things to offer for the visitors. Every July, in Midcoast Region the center of lobster industry, the MLF held its big celebration. The Camden and Rockland are the two main communities that participate in the event. In addition, the two main industries in the Midcoast region are Tourism and Lobster industry. In fact, the Maine Lobster Festival highly symbolizes the involvement of the participating industries ...

NIKE AND ADIDAS

Promotional strategies of Nike and Adidas
Nike is an American multinational firm which was started in September 8, 1969. It is a firm which designs, develops, markets and sells footwear, apparel and accessories on a worldwide scale. NIKE is a top seller in athletic shoe wear category as well as athletic apparel worldwide. Nike is not only the leading supplier of athletic shoes and apparel but also sports equipment and miscellaneous other products. The company was born in 1965 by Bill Bowerman and Philip Knight under the name of blue Ribbon Sports. It came to know as Nike in 1978. There ...

Hotel business represents one of the least profitable industries along with airlines, textiles, and several others (Porter, 2008).

Threat of New Entrants
New entrants pose a relatively low threat in the hotel industry. Primarily, this is due to high entry barriers set by a combination of factors. Specifically, they include high capital expenses associated with the entry, economies of scale, and a severely limited supply of attractive locations. As a result, it is difficult to enter this industry, so the threat of new entrants is not a major factor that can negatively affect profitability.

Threat of Substitute Products or Services

Substitute services such as motels, apartments for rent, and other affordable options such as eco-tourism may pose a high threat to the profitability of hotels. However, this force ...

Facilitator:

Globalization is a worldwide phenomenon that prominently took place in late 1980s and the early 1990s affecting businesses considerably. Some of the renowned aspects linked to globalisation include, strategic alliances and joint ventures. In this context, the strategic alliances are a phenomenon that essentially accompanied globalization presenting in late 1980s and the early 1990s. According to Kang and Sakai (2005), in a research carried out in United States by Thomson Financial Securities Data, businesses had engaged in more than 9200 strategic alliance deals, both at local and international levels by 2005. However, this year recorded the highest number of deals in the ...

• What is Darwin’s point about domestic breeding (for example, the breeding of pigeons and dogs)?

Breeding was a popular and familiar exercise among the farmers in the 19th century. The farmers who wanted to change the shape of the pick of the pigeon or the color of the sheep will selectively choose the sheep or the pigeon with the certain characteristics to breed. Therefore, the farmer will only breed the sheep (with white wool) and the pigeon (with a long and narrow beak) for certain duration. As a result of selective breeding, the whole flock of sheep or pigeons will have the desired characteristics. This is because the offspring will inherits some of the traits of their ...

Traditional approach to performance appraisal relies on financial information and uses historical data to assess the current situation. However, financial indicators only partially respond to the information needs of the managers, who have to take into consideration also other factors, such as customer satisfaction, company strategy for future development etc. That is why many organizations have adopted a more complex model for strategic planning and control, the balanced scorecard.

Balanced Scorecard was developed in the beginning of the nineties to provide companies with a more comprehensive tool to assess their performance. It considers several financial and non-financial key performance indicators that ...

Introduction

Cooperative strategy is an essential means through which firms of different sizes are responding to the competitive forces in the current marketplace. It allows firms to operate together to offer products and services that surpass what anyone of them could offer on its own. Cooperative strategy also has various merits for the customers of the firms as well. Among the alternative rationales that are established for cooperative strategy on a business level, the most effective in developing a sustainable competitive advantage are complementary strategic alliances. This paper, therefore, aims to discuss the reasons as to why complementary strategic alliances are the ...

Introduction

The objective of any firm is to maximise profits and increase shareholders’ wealth. This objective can only be attained if the market structure is favourable for the operations of the firm. The market for low-calorie microwavable food has changed from perfect to imperfect competition. This paper discusses the effectiveness of the new market structure to the operations of the company. It also assesses the profitability of the firm based on the cost functions and the demand function from assignment. In addition, the paper explores was in which the company can improve its profitability as well as the circumstances under ...

Introduction

Different firms in the world today are continually engaging in co-operative strategies through cooperation with other firms in partnership and strategic alliances rather than forming completion between them. They mainly engage in strategic alliances joint forces for a sustained competitive advantage and a mutually beneficial opportunity (Gulati, 1998). Two or more firms in the same or different industries but operating at the same production stage may merge to share resources at that same level as in the case of horizontal integration. This acquisition usually results to the creation of a monopoly (Lateral integration). In addition, a partnership may exist between the firm and ...

It is the aim of any company to expand its commercial activities across its national borders despite the many risks associated with the same. The main risk may be changes in political systems, which mainly occur when the party in power loses the elections. For example, in 1977 in India when the opposition party won the elections, there were some changes in policies, and this action negatively affected the Coca-Cola company operations in the country. Other risks include the loss of assets due to fighting or nationalizations and financial factors that may affect wages, commodity prices, exchange rates and ...

A pay structure is a method, design or basic composition of the company’s pay philosophy. It is a collection of pay rates or ranges that prevails in an organization. The main purpose of having a pay structure is to maintain a competitive pay level, recognize and reward the different levels of skills and responsibilities and to manage the company’s pay expenditure.

The pay structure of the company where I work is a combination of equity method and market pricing method. The company uses the equity method for designing pay structure or most of its employees and market pricing method for its top ...

- Situational Analysis

Blackberry is a Canadian company dealing with telecommunication and wireless devices. The company is mainly renowned of manufacturing some of the most outstanding devices in the mobile industry. Following the improvements being witnessed in the modern technology, mobile phones are extremely critical as they had their equal share of influence. However, as time elapses changes are being witnesses in the technology world. Devices are being improved from time to time (BlackBerry, 2013).

The extensive exposure of modern technology in mobile development has been critical in defining competition in the market. The mobile industry has experienced extensive duplication of devices through ...

Executive Summary

It was founded in the year 1894. It operates in the North America with a market capacity of over 85%. It is one of the largest producer of high-quality chocolates and a leading provider of sugar confectionary and chocolate products globally. The company market its widen chain of products under close to eighty brand names in over fifty countries globally, this market capacity accounts to 15% of the total company’s revenue. The Hershey Company is the sole founder of the candy manufacturer, Milton Hershey. It also unveiled the Milton Hershey school for orphans and disadvantaged children. This is their core ...

Quote to affirm

‘A good strategy helps an organization to achieve competitive advantage’ Chapter 7 (page 161)

I totally agree with the above quote because the essence of designing business strategies is to enable firms to gain the upper hand in offering customers greater value. This position enables businesses to not increase their profit generating abilities, but also to maintain sustained market influence over extended periods. With a sound and workable strategies, a business can enjoy a competitive edge over its competitors. Strategies provides consumers with a compelling reason to transact with the business. For instance, new product developments mean that a business entity is capable ...

Introduction

Employees are the fundamental part of an organization. They are known as the most fundamental factor of production in any organization. Therefore, employers across the globe have been extra-keen on how the manage as well as retain workforce. Such positioning of an organization highly depends on the ability to bring the right people on board, utilizing their talents, developing the talents and retaining employees. Although, this process is challenging to different organizations employers should never give up on acquiring the best talent. Possessing a talent in an organization is unique in itself as it is a proper definition of excellence of ...

UMUC Haircuts Case Study

UMUC Haircuts, opened by Myra Morningstar in 1995 was situated in a college campus. It started as a barbershop, then progressively grew over the years to a hairstyling zone for both sexes. UMUC Haircuts had grown to include three styling stations and barber chairs as well as a shampoo station.

Five Forces Analysis of UMUC’s Haircuts:

The Five Forces analysis named after Michael E. Porter identifies, and makes a review of five competitive measures that help shape an industry, as well as determine its strengths and weaknesses (Yin 2009). The model is used to provide identity to the structure of an industry and also, to search for attractiveness and profitability ...

What were the most revolutionary social and economic developments of the last quarter of the nineteenth century?

The railroads were the most significant element in the economic development of America in the last quarter of the nineteenth century. Railroads have charged what the market would bear, manufactured goods, and products as wood and coal. It stimulated the economy especially in the undeveloped resources rural areas were technological advances in railroading such as air brake, steel track, and sleeping cars accelerated the economic development. The settlement of new regions has moved swiftly, the land-grant railroads sold lands cheaply with easy terms and offered reduced rates to many travelers who were interested in buying farms.

Another social and ...

Negotiations has always played a significant role in the history of humankind. Sometimes negotiations helped to prevent war, in other cases the result was the opposite. Nowadays there are many psychological books about how to conduct negotiations to get a deserved result and how to avoid mistakes, as well as there are many fiction books where an author describes negotiations. With the appearance of cinematography, directors as well as screenplay writers tend to show the process of negotiations. This essay is devoted to one of such movies. “The Godfather” (1974) was shot by Coppola. The movie has many scenes of ...

Four Market Structures

Perfect Competition – In this first market structure, identical products are being sold according to their market value (financetrain.com). There are low entry barriers to this market in which the only factor that determines the sale is the price. Given that there is no producer that can affect prices, there is a horizontal demand curve for such market. One example of this market structure is an agricultural crop that is only produced in certain region.

Monopolistic Competition – This market structure is similar with Perfect Competition as it also has low entry barriers for numerous firms. However, products are differentiated ...

Management

For firms to compete successfully on a global scale, several steps are taken. These include and not limited to diversifying, acquiring, and restructuring. Diversification takes two forms; product diversification and geographical diversification. Geographical diversification is the one that takes a firm into new markets on international levels. For a firm to be successful in new markets, it has to combine both product and geographical diversification. A set of activities is replicated that range from multinational replicators, far-flung conglomerates, and classic conglomerates. These steps make the firm able to match their competitors in the market.

Diversification reduces risks associated with single items or ...

Introduction

Intense competition and massive creativity characterize the modern business environment. As such, businesses are always on the lookout for ways and means to overcome competition, remain profitable, and have positive impacts on society. Strategic planning and thinking are the best ways that businesses can achieve their goals.

Description of Theories/Core Concepts

Conventional strategic planning concepts are the guides or the plans a business or organization creates to map out how it plans to reach its goals (Collins, 2011). Strategic intent thinking entails ambitious and compelling dream that provides intellectual and emotional energy for people to pursue certain objectives (Collins, 2011).Analysis

Although they are, ...

Institutional theory refers to the universally accepted posture that emphasizes on rational myths, legitimacy and isomorphism. It consists of policy making that concerns itself with the formal and legal structures of government. It is concerned with the resilient aspects of social structure and the manner in which such structures become authoritative guidelines for social behavior in institutions. In effect, institutional theory may be useful in explaining the stability of institutional realities that is sometimes occasioned in institutions. It is the case that for organizations to survive, they must conform to the beliefs and rules of systems that are subsisting ...

Discuss some of the key ideas, people, and consequences associated with theories of evolution (focusing on Darwin).I. Intro and Background
Darwin started researching on the evolution of animals and plants and was motivated by the fact that other creatures were able to survive while others could not. For this reason, competition for various elements that are specific to the growth and expansion of the population are the basis for evolution. This article will therefore try and establish the facts behind Darwin’s findings.

Malthus and competition

Malthus fronts the fact that, in every system that contains living organism, evolution in ...

Introduction

Goods can be categorized into public and private goods. Ideally, these two kinds of goods differ in their market structure and characteristics. First, public goods are referred to as goods that have both non-rivalries and non excludable nature. That is; they cannot be separated from the users. On the other side, private goods are defined as items that yield affirmative benefits towards people. They are characterized by the excludable and rivalry nature.

Public goods

Police department
The police department is responsible for providing public services of ensuring security within the society. This means that every member, regardless of the social ...

Objectives

- Compare various market structures and their characteristics.

This objective’s aim was to help understand the various types of market structures namely; Oligopoly, Monopolistic competition, Perfect competition, Oigopsony, Monopoly and Monopsony. In evaluating the achievement of this objective, the group notes that the greatest difficulty in differentiating the types of markets was in the competitiveness of the different market structures. However, it was also pointed out that this differentiation could be clearly outlined in a sequence grouping the markets from the most competitive to the least competitive.

In this sequence, the most competitive market was found to be the ...

Victoria Secret is renowned lingerie retailer in America. It also sells beauty products and women wear through its many stores in U.S. The company is also known for its wide use of catalog and website to sell its products (Prezi 1). The business is expanding to Rio de Janeiro, Brazil. Rio is a vibrant economy that can support most of the businesses especially in apparel. Some of the factors which have made Victoria Secret to open up a new line at Rio de Janeiro include globalization and democratization of culture in a constantly growing middle class economy (Baitel para 3). Although this ...

“Critically discuss to what extent Porter’s Diamond is a useful concept in explaining home and host location strategies of international business?”

Introduction

The Porter’s diamond model is used for explaining the competitive advantage which some of the nations or certain groups of companies have available to them. This edge benefits them in the business operations and hence leads towards operational excellence of the organizations. Porter’s diamond model is used excessively for analyzing the role of the nations and the organizations operating in the particular industry and further formulate the strategies which ease competition. This theory proposed by ...

In the survey that was to be conducted for Securitas Company, a pretest was to be done to validate the questions that I was to ask in the previous section of the semester project (Rea and Parker, 2005). The pretest that was done involved the people who were called and were located in places where Securitas Company had already established itself and it was known around there.

The respondents were called and told that the data they were to provide was to be used for analysis in a university project and not for commercial purposes. From the data that was collected, ...

Management

A company can gain competitive advantage and can achieve competitive edge if it adopts unique ways. The four most significant ways in order to create competitive advantage are as follows.

- Achieve superior efficiency
- Achieve superior quality
- Achieve superior innovation, speed, and flexibility
- Attain superior responsiveness to customers.

These four methods are considered as the building blocks of the competitive advantage. A company is regarded as a device that transforms inputs such as land, labor, capital, technological expertise and management into the outputs i.e., the goods and services. The simplest efficiency measure is the ...

Question one

K Company has restricted the European based from using the operating system to develop their computer brand. It denied them the right of sharing the copyright and patents of its software. It thus meant that it was the only company in the market trading the computers using that particular operating system. The company’s action violates article 81 and 82 by not a binding to set regulation of the agreement. Article 81 and 82 of the European Community Treaty are agreements that bind the activities or transaction-taking place between two nations. According to article 81, it states that all parties ...

The competitive proposal method which is better known as negotiated procurement is the main substitute to sealed bidding for contract requirements. Distinct to the sealed bidding method, the competitive proposal method authorizes consideration of technical issues other than price. Negotiation of contract price or estimated cost and other contract terms and conditions are also permissible. In the competitive proposal approach revision of proposals is done prior to the final contractor selection and the drawing out of an offer at any time is a possibility. Contractors normally choose the method of procurement that is reasonable and is based on the evidences ...

Human resource management has since become more interesting with the advent of globalization. Globalization has increased the mobility of labor and exacerbated intercultural movements across the world. In that realization, it has become essential for organizations to staff well. The demand for good and efficient human manpower has occasioned pressure on organizations to ensure that the best and most efficient staff is recruited and maintained. However, due to the competitive nature of organizations, achieving this objective has become relatively hard.

Human resource managers have lately been confronted with staffing problems in the global arena. The problem is arguably twofold. ...

Question 1: Who are competitors? How are competitive rivalry, competitive behaviour and competitive dynamics defined in the chapter?

Competitors are firms or organizations operating in the same market that offer similar products and services and also target the same customers.
Competitive rivalry is defined an ongoing series of competitive actions that takes place between competitors as they assert to attain market positions that are advantageous over their competitors.
Competitive behaviour is a series of tactical competitive actions and responses taken by an individual firm while it is actively involved in competitive rivalry.
Competitive dynamics are a set of actions or responses that are taken by all firms or organizations that are competing within a certain market.

Question 3: How do awareness, motivation and ability affect the firm’s competitive behaviour?

Awareness ...

Question 1: What is a business-level strategy?

A business level strategy is a laid action plan that a business organization puts in place with an intention of gaining a business advantage over other businesses, mainly gaining competitive advantage over its competitors, customer service, and relations. It involves early discovery of the possibility of gaining competitive advantage over others usually using the comparative advantage or strength that the business has. Comparative advantage is of great importance in marketing especially when entering or penetrating into new markets as it involves reducing operational costs (Hanson, 2013).

A strategy in its integrated way is coordination of actions and commitments aimed at discovering a step ...

Organizational Structure and Groups

Consider the level of ethical behaviour at your current employer (or school) and determine if a centralized or decentralized organizational structure would encourage more ethical behaviour among your peers. Explain your rationale.

The level of ethical behaviour at my school is good. This is because it decentralised and has encouraged ethical and moral behaviour from me and my peer. A decentralised organizational structure does not place the sole responsibility of coming up with rules and guidelines on one person unlike he centralized structure. the school is big, it has a large population and various departments and faculties to place all that ...

Organizations have increasingly recognized that expanding their markets into international soil would significantly contribute to financial success. With greater numbers of contemporary organizations exhibiting higher performance and productivity on a global sphere, all the more that other organizations follow suit. The global market could be characterized as exemplifying stiffer competition due to the sheer volume of competitors wanting to get a share of the same pie. Different strategies are therefore being designed, developed, implemented, and monitored to cater to the global market. According to Domingo (2003), “the only winning global strategy is one based on Quality The survivors who will ...

I agree with the assertion by a section of scholars that violent sporting behavior has been in the rise in recent years. Christopher Cushion and Robyn Jones, of the Sociology of Sport Journal, explain that Sports are guided by the principles of sportsmanship that are geared towards making sure that players understand how to treat each other and how to handle victory and failure. The dual explain that “social interaction lies at the heart of the coaching process Such dealings are not limited to isolated conversations between coach and athlete” (Cushion & Jones 142). It is through the coaching ...