Purpose: to demonstrate your knowledge of competitive strategies, particularly as they relate to computer-related technology
Purpose: to demonstrate your knowledge of competitive strategies, particularly as they relate to computer-related technology
Specific requirements
• 250 words minimum
• Discuss your competitive strategy in detail
o Your strategy is Cost leadership Strategy
o How would you implement this strategy? (**note – being a cost leader is difficult. Who are your competitors and how would you compete with them?)
o How you use information systems in your competitive strategy.
o How you would deal with market forces (Porters 5 forces) For example, If you have a cost leadership strategy, explain specifically how you would keep your expenses low. Mention expenses such as marketing, human resource, etc.
o Explain how Porter’s 5 forces affect your business
MLA
Porter’s 5 forces model and the competitive strategy is in our book : Kroenke, David and Earl H. McKinney, Jr. Processes, Systems, and Information, Pearson, 2013. ISBN: 978-0-13-278347-7
………………..Answer preview………….
Competitive strategy is a framework for organizational analysis and operational strategy development; it is enhanced by industrial organization (IO) that derives porter’s five forces. The forces are important to determine the right competitive strategy to use. In computer related technology, the aspect is can be used to initiate a cost leadership strategy. This is because our competitors try to develop appealing technologies cheaply therefore targeting a large market share……………………
MLA
325 words
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