Generic Competitive Strategies
LO CASE XS
Instructions
ALL answers should from your own words or the textbook (No Internet resource allowed)
You answers must related to the textbook lessons. answers are easy to find under each chapter (pdf), just use some of your word and explanations from textbook. Also you must write the page number (where is this topic come from) after your answer.
Learning Objectives Chapters 5-8
CH.5 The Five Generic Competitive Strategies (please use pdf page1-28 for answers)
LO 1 What distinguishes each of the five generic strategies and why some of these strategies work better in certain kinds of competitive conditions than in others.
LO 2 The major avenues for achieving a competitive advantage based on lower costs.
LO 3 The major avenues to a competitive advantage based on differentiating a company’s product or service offering from the offerings of rivals.
LO 4 The attributes of a best-cost provider strategy—a hybrid of low-cost provider and differentiation strategies.
Note
Need 2.5-3 pages answer for Learning Objectives Ch.5-8 *keep questions on the answer sheet and need answer the question one by one, don’t put all together.
Need total 1-1.5 page answer for two Discussion Questions (ch5-6; ch7-8)
Total 4 page answer
- 6 Strengthening a Company’s Competitive Position- Strategic Moves, Timing, and Scope of Operations (please use pdf page29-55 for answers)
LO 1 Whether and when to pursue offensive or defensive strategic moves to improve a company’s market position.
LO 2 When being a first mover or a fast follower or a late mover is most advantageous.
LO 3 The strategic benefits and risks of expanding a company’s horizontal scope through mergers and acquisitions.
LO 4 The advantages and disadvantages of extending the company’s scope of operations via vertical integration.
LO 5 The conditions that favor farming out certain value chain activities to outside parties.
LO 6 When and how strategic alliances can substitute for horizontal mergers and acquisitions or vertical integration and how they can facilitate outsourcing.
CH.7 Strategies for Competing in International Markets. (Please use pdf page 59-88 for answers)
LO 1 The primary reasons companies choose to compete in international markets.
LO 3 The five major strategic options for entering foreign markets.
LO 4 The three main strategic approaches for competing internationally.
LO 5 How companies are able to use international operations to improve overall competitiveness.
LO 6 The unique characteristics of competing in developing-country markets.
- 8 Corporate Strategy Diversification and the Multibusiness Company (Please use pdf page 95-132 for answers)
LO 1 When and how business diversification can enhance shareholder value.
LO 2 How related diversification strategies can produce cross-business strategic fit capable of delivering competitive advantage.
LO 3 The merits and risks of unrelated diversification strategies.
LO 4 The analytic tools for evaluating a company’s diversification strategy.
LO 5 What four main corporate strategy options a diversified company can employ for solidifying its strategy and improving company performance.
Discussion Question (CH 5-6) (need 0.5-0.75page answer)
Think about the vertical integration strategies. Make an argument for either “integrating backward” or “integrating forward” to gain competitive advantage. Name a company or industry whereby your argument would apply.
Discussion Question (CH 7-8) (need 0.5-0.75-page answer)
After you read about the strategies to enter a foreign market, choose between a Foreign Subsidiary Strategy and a Joint Venture Strategy, and argue the advantages of the one you have chosen over the strategy you did not choose. Name a company or industry whereby your argument would apply.
