Building Competitive Advantage

Building Competitive Advantage through Business-Level Strategy, and chapter six, Business-Level Strategy and the Industry Environment.

CHAPTER 5 QUESTIONS: (1.5 pages)

1. Describe low-cost strategy. How does this strategy is different from differentiation and how it can relate to differentiation?
2. describe what differentiation strategy is and how products and services are offered under this strategy? What is branding and how that concept relates to differentiation.
3. Describe how businesses approach segmentation in market. Why market segmentation could help businesses to achieve the goals of their strategies? What approaches can be used to segment the market? How can this lead to competitive advantage?

CHAPTER 6 QUESTIONS: (1.5 pages)

1. Define fragmented and consolidated industries. What are the differences between these two types of industries? How an industry can be consolidated?
2. What opportunities and advantages do consolidated industries offer that fragmented industries do not?
3. Describe horizontal and vertical integration. How do businesses leverage these strategies for growth, and how can they aid them in gaining competitive advantage? How developing competitive advantage could fail by horizontal and vertical integration.

Michael Porter’s model Assignment –

This assignment covers the content in Michael Porter’s Competitive Advantage. In this assignment you must pick an article from the Harvard Business Review website (https://hbr.org/ (Links to an external site.)) that deals with strategic management of a company. The HBR article MUST be related to the strategic management of a company. A number of these articles are listed in your syllabus.

ASSIGNMENT QUESTIONS: (2 pages)

1. Describe Michael Porter’s model and its components. Pick an industry and describe how the different components of the model relate to that industry.
2. Apply all components of Porter’s model to your HBR case, as a case review. Your response here must be at least two pages in length or more.