Exam (elaborations)
WPC 480 Exam 2 Questions and Answers
- Course
- Institution
WPC 480 Exam 2 Questions and Answers
[Show more]
Content preview
WPC 480 Exam 2 Questions andAnswers
Blue iiOcean iiStrategy ii- iiAnswers ii-- iiSuccessfully iicombining iidifferentiation iiand iicost-
leadership iiactivities
- iiUses iivalue iiinnovation iito iireconcile iitrade-offs ii(Between iiDifferentiation ii& iiCost
iiLeadership)
"Untapped iiMarket iiSpace"
"Create iiadditional iidemand"
"Opportunity iifor iiHighly iiProfitable iiGrowth"
How iito iiIncrease iiConsumer iiPerceived iiBenefits? ii- iiAnswers ii-- iiRaise, iiraise iithe
iistandard iiand iiindustry iinorm iito iiyour iibusiness
- iiCreate, iiCreate iisomething iithe iiindustry iihas iinever iioffered
What iiare ii2 iiValue iiInnovation iiStrategies ii? ii- iiAnswers ii-1. iiLowering iiCosts ii(Eliminate
ii& iiReduce)
2. iiIncrease iiperceived iiConsumer iiBenefits ii(Raise ii& iiCreate)
Threat iiof iiEntry ii(Competitive iiForces, iiDifferentiation) ii- iiAnswers ii-- iiProtection iidue iito
iiintangible iiresources, iiinnovation, iiand iicustomer iiservice
- iiRisk iiinclude iiErosion iiof iiMargins iiand iiReplacement
Threat iiof iiEntry ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtects iiagainst iientry iidue iito
iiEconomies iiof iiScale
- iiRisk iiinclude iiErosion iiof iiMargins iiand iiReplacement
Power iiof iiSuppliers ii(Differentiation) ii- iiAnswers ii-- iiprotection iiagainst iiinput iiprices
iiwhich iican iibe iipassed iito iicustomers
Risks iiinclude iiErosion iiof iiMargins
Power iiof iiSuppliers ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtection iiagainst iiincrease iiin
iiinput iiprices iiwhich iican iibe iiabsorbed
, - iiRisks iiinclude iiErosion iiof iiMargins
Power iiof iiBuyers ii(Differentiation) ii- iiAnswers ii-- iiProtection iiagainst iidecreased iisales
iiprices
- iiAre iiwell iidifferentiated iiproducts
- iiRisks, iiErosion iiof iiMargins
Power iiof iiBuyers ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtected iiagainst iidecrease iiin
iisales iiprices
- iiCan iibe iiabsorbed
- iiRisks, iiErosion iiof iiMargins
Threat iiof iiSubstitutes ii(Differentiation) ii- iiAnswers ii-- iiProtection iiagainst iisubstitute,
iidifferential iiappeal
- iiRisks, iiReplacement iiwhen iiface iiwith iiInnovation*
Threat iiof iiSubstitutes ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtection iiagainst iisubstitutes
iithrough iifurther iilower iiprices
- iiRisks, iiReplacement iiwhen iifaced iiwith iiinnovation
Rivalry iiAmong iiCompetitors ii(Differentiation) ii- iiAnswers ii-- iiProtection iiONLY iiif
iiproduct iihas iienough iidifferential iiappeal
- iiCompetition iifocus ii= iiPrice iiShifts
- iiRisks, iiIncreasing iiproduct iifeatures iiand iino iirecovery iiprofit
Rivalry iiAmong iiCompetitors ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtection iiagainst iiprice
iiwars iibecause iilowest iicost iifirm iiWINS
- iiRisks, iilowering iicosts iito iidrive iivalue iibelow iiacceptable iithreshold
- iiFocus iiof iicompetition iito iiswitch iito iinon-price iiattributes ii(enhancing iia iiproduct
iiwithout iicost iiinputs)
Economies iiof iiScope ii- iiAnswers ii-- iiSavings iithat iicome iifrom iiproducing ii2 iior iimore
iioutputs ii(cheaper iithan iiit iiwould iibe iito iiproduce iithem iiindividually)
How iido iiManagers iiIncrease iiPerceived iiValue iior iiDecrease iiCosts? ii- iiAnswers ii-1.
iiProduct iiFeatures
2. iiCustomer iiService
3. iiComplements
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now