8/21/24, 7:50 AM GLO 2024/2025 BUS DECISIONS & REPORTS |GLO-BUS DECISION SUMMARY YEAR 7, COMPLETE SOLUTION GUIDE.…
GLO 2024/2025 BUS DECISIONS & REPORTS |GLO... Study
GLO 2024/2025 BUS DECISIONS & REPORTS
|GLO-BUS DECISION SUMMARY YEAR 7,
COMPLETE SOLUTION GUIDE.GET IT
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Terms in this set (11)
1. Does the resource strength or capability have
competitive value?
Discuss the four ways to 2. Do any or most rivals have the same resource or
test the competitive power capabilities?
of a resource strength or
capability 3. Is the resource or capability hard to copy?
4. Can the resource strength be trumped by the
different resource strengths and capabilities of Rivals?
A company's value chain identifies the primary
activities it performs that create customer value and
relate support activities. The outputs of an
organizations value chain activities is the value
delivered to customers and revenues that are
Discuss the elements of
collected. The inputs are the resources required to
the value chain and how
conduct the value chain activities.
these elements can be
combined to form greater
Primary activities- supply chain management,
strategic synergy for the
operations, distribution, sales and marketing, service,
organization
and profit margin.
Support activities- Product R&D, Technology, and
systems development. Human resource management.
General Administration.
, 8/21/24, 7:50 AM GLO 2024/2025 BUS DECISIONS & REPORTS |GLO-BUS DECISION SUMMARY YEAR 7, COMPLETE SOLUTION GUIDE.…
1. Low Cost provider strategy
GLO 2024/2025 BUS striving
DECISIONSto achieve & REPORTS
lower overall costs|GLO...
than rivals in
offering a comparable product/service. By
underpricing products compared to rivals it increases
market share.
2. Broad differentiation strategy
Trying to separate from competition by offering
attributes that will appeal to a broad spectrum of
Discuss the five Generic
buyers.
Strategic options and
3. Focused low-cost strategy
which specific ones you
Focusing on a niche. Trying to meet the needs and
used in Globus?
requirements of the niche at a lower cost than rivals.
4. Focused differentiation strategy
Focusing on a niche. Narrow buyer segment offering
niche members customized attributes that meet their
taste and requirements better than products of rivals.
5. Best-Cost provider strategy
Providing upscale attributes at a lower cost than rivals.
Most value for their buck.
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