100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024 $2.90   Add to cart

Exam (elaborations)

MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024

 53 views  0 purchase
  • Course
  • Institution
  • Book

MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024. All questions answered.  Question 1 1. Evaluate the three generic strategies that companies can use to create a competitive advantage in Wiid, et al. (2020; 2024). Explain using practical examples what strategy OBC Meat and Chicken...

[Show more]

Preview 2 out of 5  pages

  • September 20, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT

Please note that the author of this document will not responsibility for any plagiarizing you
commit.

 Question 1

1. Evaluate the three generic strategies that companies can use to create a competitive
advantage in Wiid, et al. (2020; 2024). Explain using practical examples what strategy OBC
Meat and Chicken has used to create a sustainable competitive advantage. Keep each example
and justification under 100 words.

Three Generic Strategies for Competitive Advantage (Porter’s Model):

 Cost Leadership: A company minimizes costs to offer lower prices than competitors, gaining
market share through price advantage. Example: Walmart achieves cost leadership by
leveraging economies of scale.

 Differentiation: Companies create unique products or services perceived as valuable by
customers, often allowing premium pricing. Example: Apple differentiates with innovative
design and technology.

 Focus: This strategy targets a specific market niche, tailoring offerings to specific customer
segments. Example: Rolls-Royce focuses on the luxury car market.

OBC Meat and Chicken Strategy:
OBC Meat and Chicken uses a focus strategy, targeting the price-sensitive market with low-cost,
high-quality meat products through their vertically integrated supply chain. By emphasizing
affordability and reliability, they sustain a competitive advantage in underserved regions.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Aimark94. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.90. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.90
  • (0)
  Add to cart