Using 2 different companies in the same industry of your choice, such as Coke and Pepsi Co, compare and contrast their strategical business choices based on economic, demographic and socio-cultural trends. Maybe we can use the car industry, fast food industry or department store chains. Please give me about 5 bullets for each.
Quadrant Table Selected Industry
Company A Company B
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--Can I get some help completing this chart - Using 2 different companies in the same industry of your choice, such as Coke and Pepsi Co (both in the beverage industry do not use these two companies) compare and contrast their strategically business choices based on economic, demographic and socio-cultural trends. Maybe we can use the car industry, fast food industry or department store chains.
In business, the primary objective is identifying the key areas of successes that reflect strengths and possible weaknesses within the targeted marketplace. In comparison, the auto industry is very competitive in designing the perfect car for the consumer within a marketplace to increasing brand identity and brand equity. By doing so, the comparative notion is in showcasing the selection in design, pricing, and placement to attracting and sustaining the consumer audience for long-term loyalty towards the brand. For example, the Mercedes Benz Corporation and Toyota Corporations both share successes and some setbacks in different areas of their business operations in pursuit to increasing the brand identity - that corresponds to brand equity leading to long-term profitability.
Company A - Mercedes Benz Corporation
Socio-Cultural - Try and think of the social cultural factor for the selected company attributes in reaching long-term successes based on targeted audience perceived beliefs, expectations (quality and value) - that defines the brand and serves consumers in the most proactive way to increase sales:
a) The car product design over the several decades continues to suit the internal mechanism that hones on classic style of prominence and durability.
b) The car product brand dominance in several business partnership relationships (sponsorship with major events) for honing on lifestyle and value.
c) The highest quality of product that produces sustainability over the years (consider the fact that most owners continues to own older models of the brand due to high quality craftsmanship).
d) Strategic management in building relationships globally with same comparative industries and not within the same industries for increasing brand (consider the types of business partners that co-op the publicity of the brand in extended markets, such as, Reinko Ironing Product as the yearly fashion show in New York).
e) Pricing matrix that is set at ...
This is a review into a company's business model in designing global strategies within competitive markets.