Porter's three generic strategies
Not what you're looking for?
I learned about Porter's three generic strategies: Poter's value chain analysis, procurment process and inventory management. If I choose an industry such as grocery stores, clothing retailers or airlines, etc, can you assist me with analyzing and comparing two companies, one that is competing based on price and another that is pursuing a differentiated strategy enabled by the creative use of IS. Can you share an example of ways that the company use IT to help it differentiate and compete against the low cost provider? If possible, can you provide reference?
Purchase this Solution
Solution Summary
The response provides you a structured explanation of strategy selection and implementation. It also gives you the relevant references.
Solution Preview
We choose the first industry suggested by you. The grocery stores,/clothing/retailer. The first company we select must be competing on price. This company is Wal-Mart. It is competing on price. It has been able to achieve cost leadership by taking a number of steps. First, it has been able to reduce its operational costs to very low levels. For example it has been able to run its stores using very low labor costs. Second, it has been able to achieve high asset turnover. This means it has been able to achieve very large volumes of sales. Third, it has been able to achieve considerable control over its suppliers. Because of bulk buying it has been able to get economies of scale in purchasing, and in logistics. These factors have contributed to give Wal-Mart cost leadership.
We now consider a company that is pursuing a ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.