This document contains an assignment submitted by Mr. N. Ragulan to Dr. A. Pushpanathan analyzing the competitive advantages of two motorcycle manufacturing organizations, Bajaj and TVS, located in Sri Lanka. It discusses the competitive strategies used by each, including cost leadership through lower production costs at TVS, differentiation at Bajaj through a larger variety of product offerings, innovation leadership at Bajaj through more frequent new product introductions, and similar operational effectiveness. It also contains a section analyzing the value chain of the restaurant industry.
The document discusses strategic planning and marketing plans. It covers 10 learning outcomes related to strategic planning, including understanding the importance of strategic marketing and marketing plans, developing business mission statements, setting objectives, conducting situation analyses, identifying competitive advantages, discussing strategic alternatives and target markets, describing marketing mix elements, and explaining the need for implementation, evaluation and control of marketing plans.
Using either Porter’s generic strategies or the Strategy Clock, identify examples of organisations following strategies of differentiation, low cost or low price, and stuck-in-the middle or hybrid. How successful are these strategies?
- A focus strategy involves concentrating resources on a narrowly defined market segment or niche. The firm aims to build a strong competitive advantage by focusing on the specialized needs of that niche.
- By focusing on a niche, businesses can compete through low costs, differentiation, or rapid response against larger competitors. The objective is to better serve niche buyers than rivals.
- Choosing a niche where needs are not met and developing expertise in it is key to success with a focus strategy. Examples include Family Dollar targeting low-income families and Ferrari/Rolls-Royce focusing on luxury cars.
The document summarizes Hyundai Motor Company's launch of its new Genesis model in 2007 to target the high-end car market. It discusses how Hyundai shifted from a strategy of cost leadership to one of differentiation. The company introduced the Genesis to move beyond being seen only as a provider of cheap, decent quality cars in the US market. The Genesis allowed Hyundai to compete in the premium car segment and diversify its strategy for global competitiveness.
The document discusses key marketing concepts from Chapter 2 of Marketing Management by Philip Kotler including:
1. Tactical marketing plans specify marketing tactics at an operational level while strategic plans define long-term objectives and strategies.
2. Corporate culture refers to the shared experiences, beliefs and norms of an organization.
3. Customer experience considers all customer interactions with a company.
4. Platform innovation uses common components to create derivative products and services.
5. Environmental threats are external factors that could negatively impact demand like new competitors or technology changes.
A hybrid strategy aims to achieve both differentiation and low prices relative to competitors. It succeeds by delivering enhanced benefits at lower prices while achieving sufficient margins for reinvestment. If differentiation is achieved, lower prices may not be needed as prices could match or exceed competitors. A hybrid strategy can also be used as an entry strategy by targeting volumes greater than competitors through cost reductions outside differentiated activities, allowing better margins due to a lower cost base.
Michael Porter developed the 5 forces framework to analyze industry competition and inform business strategy. The 5 forces include the threat of new entrants, power of suppliers and customers, and threat of substitutes and industry rivals. Porter also described generic strategies of cost leadership, differentiation, and focus that companies can adopt based on 5 forces analysis. The document provides examples of each force and strategy to analyze competitive environments and guide strategic decision making.
Entrepreneur 4: Business Strategies & Rapid Growth StrategiesBernard Leong
The 4th lecture focus on business strategy and models, rapid growth strategies (franchising, mergers & acquisitions), and an introduction to Moore's "Crossing the Chasm", Gartner's Hype Cycle and Porter's 5 Forces.
The document discusses strategic planning and marketing plans. It covers 10 learning outcomes related to strategic planning, including understanding the importance of strategic marketing and marketing plans, developing business mission statements, setting objectives, conducting situation analyses, identifying competitive advantages, discussing strategic alternatives and target markets, describing marketing mix elements, and explaining the need for implementation, evaluation and control of marketing plans.
Using either Porter’s generic strategies or the Strategy Clock, identify examples of organisations following strategies of differentiation, low cost or low price, and stuck-in-the middle or hybrid. How successful are these strategies?
- A focus strategy involves concentrating resources on a narrowly defined market segment or niche. The firm aims to build a strong competitive advantage by focusing on the specialized needs of that niche.
- By focusing on a niche, businesses can compete through low costs, differentiation, or rapid response against larger competitors. The objective is to better serve niche buyers than rivals.
- Choosing a niche where needs are not met and developing expertise in it is key to success with a focus strategy. Examples include Family Dollar targeting low-income families and Ferrari/Rolls-Royce focusing on luxury cars.
The document summarizes Hyundai Motor Company's launch of its new Genesis model in 2007 to target the high-end car market. It discusses how Hyundai shifted from a strategy of cost leadership to one of differentiation. The company introduced the Genesis to move beyond being seen only as a provider of cheap, decent quality cars in the US market. The Genesis allowed Hyundai to compete in the premium car segment and diversify its strategy for global competitiveness.
The document discusses key marketing concepts from Chapter 2 of Marketing Management by Philip Kotler including:
1. Tactical marketing plans specify marketing tactics at an operational level while strategic plans define long-term objectives and strategies.
2. Corporate culture refers to the shared experiences, beliefs and norms of an organization.
3. Customer experience considers all customer interactions with a company.
4. Platform innovation uses common components to create derivative products and services.
5. Environmental threats are external factors that could negatively impact demand like new competitors or technology changes.
A hybrid strategy aims to achieve both differentiation and low prices relative to competitors. It succeeds by delivering enhanced benefits at lower prices while achieving sufficient margins for reinvestment. If differentiation is achieved, lower prices may not be needed as prices could match or exceed competitors. A hybrid strategy can also be used as an entry strategy by targeting volumes greater than competitors through cost reductions outside differentiated activities, allowing better margins due to a lower cost base.
Michael Porter developed the 5 forces framework to analyze industry competition and inform business strategy. The 5 forces include the threat of new entrants, power of suppliers and customers, and threat of substitutes and industry rivals. Porter also described generic strategies of cost leadership, differentiation, and focus that companies can adopt based on 5 forces analysis. The document provides examples of each force and strategy to analyze competitive environments and guide strategic decision making.
Entrepreneur 4: Business Strategies & Rapid Growth StrategiesBernard Leong
The 4th lecture focus on business strategy and models, rapid growth strategies (franchising, mergers & acquisitions), and an introduction to Moore's "Crossing the Chasm", Gartner's Hype Cycle and Porter's 5 Forces.
This document summarizes Porter's generic competitive strategies of cost leadership, differentiation, and focus. It explains that competitive advantage comes from low cost or differentiation. Cost leadership aims for overall low cost and broad market scope, while differentiation offers unique products/services. Focus strategy pursues either approach but targets a narrow customer segment or market niche. The document also discusses barriers to imitation that allow sustained competitive advantage and reasons why companies fail, such as inertia and prior strategic commitments limiting flexibility.
Michael Porter suggested three generic competitive strategies: cost leadership, differentiation, and focus. Cost leadership involves having the lowest costs in the industry to compete on price for a broad market. Differentiation targets a broad market by making the product or service unique in some way. Focus strategy involves targeting either a cost or differentiation advantage at a narrow market segment. Companies must choose one of these strategies to gain a competitive advantage.
The document summarizes Michael Porter's framework for competitive strategy. It outlines the five competitive forces that determine the intensity of industry competition: threat of new entry, power of suppliers, power of buyers, threat of substitutes, and rivalry among existing competitors. It then discusses how firms can gain a competitive advantage by positioning themselves in the industry where these forces are weakest or by influencing the competitive balance through strategic changes. The document also covers Porter's generic strategies of cost leadership, differentiation, and focus.
Porter's generic strategies framework outlines three strategies for competitive advantage: cost leadership, differentiation, and focus. Cost leadership involves having the lowest production costs, differentiation means providing unique value, and focus means targeting a specific niche market. A company must choose between cost leadership or differentiation to achieve competitive advantage, as trying to be both risks being "stuck in the middle" without a clear strategy. However, some scholars argue successful companies like Toyota have combined strategies.
Hyundai is launching the new Genesis model to target the premium car market and move away from its past strategy of focusing on low cost. To gain a competitive advantage, firms can pursue either a low cost strategy, differentiation strategy, or focused strategy. Michael Porter's model outlines how firms can analyze their value chain activities to lower relative costs or create unique differentiation to deliver extra value for customers.
The document discusses the five generic competitive strategies: low-cost provider strategy, broad differentiation strategy, focused low-cost strategy, focused differentiation strategy, and best-cost provider strategy. It provides details on each strategy, including effective approaches, competitive advantages and risks, and potential pitfalls. For example, it explains that a low-cost provider strategy aims to gain market share through lower prices, but risks price wars, while differentiation strategies charge premium prices but must offer truly unique attributes. A best-cost provider hybridizes the two by meeting customer expectations at a lower price than competitors.
Developing Sustainable Competitive Advantages for Colleges and UniversitiesStamats
Developed by Dr. Robert A. Sevier, senior vice president, strategy, with Stamats, this presentation will help college and university professionals understanding how competitive advantages in higher education really work, and how to develop sustainable sources of competitive advantage.
The document discusses Michael Porter's generic strategies model which identifies three strategies for gaining competitive advantage - cost leadership, differentiation, and focus. It provides details and examples of each strategy. Cost leadership involves producing standardized products on a large scale at low cost. Differentiation focuses on making the product unique through features, quality, design or service. Focus involves targeting a narrow market segment and achieving either cost advantage or differentiation within that segment. The risks of each strategy are also outlined. The document then provides examples of Dell's successful implementation of virtual integration and targeting of customer segments to achieve cost leadership.
This document summarizes Porter's generic competitive strategies framework, which identifies three strategies for achieving competitive advantage: cost leadership, differentiation, and focus (specialization). Cost leadership involves having the lowest costs, differentiation involves being unique in the industry, and focus involves targeting a narrow market segment. Examples of companies using each strategy are provided, along with criticisms of Porter's framework noting that companies can use hybrid strategies. The document concludes by introducing the blue ocean strategy as an alternative to Porter's framework.
Tiger Brands Limited (TBL) pursues a cost leadership strategy in the fast moving consumer goods (FMCG) industry in South Africa and other African countries. As the largest FMCG company in the region, TBL aims to offer the lowest prices through economies of scale, a wide distribution network across 22 countries, and pursuing backward integration to reduce costs. TBL also pursues product differentiation by introducing new product sizes and features. However, the FMCG industry has high competition, threat of substitution, and power of consumers, which forces TBL to maintain low prices while also innovating to differentiate its brands.
Professor Michael Porter suggested three general positioning strategies to achieve competitive advantage :
Low Cost Leadership Strategy
Differentiation Strategy
Focus Strategy
The Generic Competitive Strategy (GCS) is a methodology designed to provide companies with a strategic plan to compete .The GCS is useful when a company is looking to gain an advantage over a competitor
Why should service firms focus their effortsquivenkaye
Successful companies strategically focus their efforts on satisfying customer needs better than competitors. Strategic thinking and planning allow companies to identify the right strategy and pursue it to achieve desired results. Market segmentation is important for service firms because it allows dividing the market into subgroups based on variables like demographics, to more closely match the needs of particular consumer groups. To identify target market segments, companies should analyze customer and product characteristics, consider the lifestyles and interests of potential customers, research competitor targets, and examine their current customer base to determine which customer types have the greatest need for their services. Determinant attributes are those aspects like quality, price, or service that determine why consumers purchase products from one competitor over others.
Effect of porter’s generic competitive strategies and the performance of soft...iosrjce
This document summarizes a study on the effect of Porter's generic competitive strategies on the performance of Somaliland Beverage Industry (SBI) in Somaliland. The study found that cost leadership, differentiation, and focus strategies positively relate to company performance. Specifically, it was found that cost leadership enhances performance through economies of scale. Differentiation was found to affect performance by satisfying customers more than competitors. Focus strategy was seen to impact performance by practicing segmentation. The study recommends that SBI invest in cost leadership strategies like partnerships to gain competitive advantage over importers.
The document discusses Porter's generic strategies for competitive advantage - cost leadership, differentiation, and focus. It describes how firms can pursue these strategies through their value chains and actions to lower costs or differentiate their products. Firms can also integrate cost leadership and differentiation strategies to balance low prices with some unique features. However, either strategy risks competitors imitating the firm's approach and "stuck in the middle" firms may compromise too much.
The document discusses various strategies for achieving sustainable competitive advantage (SCA). It defines competitive advantage and discusses approaches like strategic vision, strategic opportunism, and a combined vision-opportunism approach. Porter's generic strategies of low cost, differentiation, and focus are explained. Other approaches like preemptive moves and synergies are also summarized. Specific strategies like quality option, brand building, strategic positioning, and first-mover advantages through innovation are provided as examples. Risks of strategic stubbornness and strategic drift are also highlighted.
Chapter 2 Strategic Planning for Competitive Advantage 2014Earlene McNair
The document discusses key aspects of strategic planning and marketing plans, including:
1) It identifies important elements of strategic planning like defining strategic business units, identifying strategic alternatives, developing a mission statement, and understanding the marketing planning process.
2) It describes the components of conducting a situation analysis, identifying sources of competitive advantage, and setting good marketing objectives.
3) It discusses developing target market strategies and explains criteria for writing effective marketing objectives like making them realistic, measurable, time-specific, and able to be benchmarked.
This presentation aims to critically evaluate the Generic Strategies. Not all the time these strategies are sucessful, Even the big guns in the industry have falied in may occasions.
The document discusses the five generic competitive strategies: low-cost provider, differentiation, best-cost provider, and focused or niche strategies. It provides an overview of each strategy, including their objectives, keys to success, examples, and risks. Specifically, it outlines that the five strategies are low-cost provider, differentiation, best-cost provider, and two focused strategies. It also notes that each strategy positions a company differently and has tradeoffs to consider when deciding which one to pursue.
This document provides an overview of Porter's generic strategies including cost leadership, differentiation, and focus strategies. It discusses Michael Porter, the creator of the generic strategies framework, and then defines each generic strategy and provides examples. For each strategy, it outlines the internal strengths companies need to succeed with that strategy and potential risks. It also discusses how Porter's five forces of competition, including rivalry, threats of substitution, buyer power, supplier power, and barriers to entry, relate to the different generic strategies.
0601082 npa and recovery process with respect to small scale industriesSupa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
A study on the role of small – scale industries in An emerging economy of Sr...Ragulan Rex
This document summarizes a study on the role of small-scale industries in Sri Lanka's emerging economy. It finds that small and medium enterprises (SMEs) make up the majority of industrial establishments in Sri Lanka and contribute significantly to employment, income generation, and regional development. The government of Sri Lanka recognizes SMEs as important for economic and social development through various policies and initiatives aimed at supporting the growth and competitiveness of SMEs. These include industrial parks, training programs, and clustering strategies to help SMEs address economic and social objectives as key contributors to realizing Sri Lanka's vision of becoming the "Wonder of Asia."
This document summarizes Porter's generic competitive strategies of cost leadership, differentiation, and focus. It explains that competitive advantage comes from low cost or differentiation. Cost leadership aims for overall low cost and broad market scope, while differentiation offers unique products/services. Focus strategy pursues either approach but targets a narrow customer segment or market niche. The document also discusses barriers to imitation that allow sustained competitive advantage and reasons why companies fail, such as inertia and prior strategic commitments limiting flexibility.
Michael Porter suggested three generic competitive strategies: cost leadership, differentiation, and focus. Cost leadership involves having the lowest costs in the industry to compete on price for a broad market. Differentiation targets a broad market by making the product or service unique in some way. Focus strategy involves targeting either a cost or differentiation advantage at a narrow market segment. Companies must choose one of these strategies to gain a competitive advantage.
The document summarizes Michael Porter's framework for competitive strategy. It outlines the five competitive forces that determine the intensity of industry competition: threat of new entry, power of suppliers, power of buyers, threat of substitutes, and rivalry among existing competitors. It then discusses how firms can gain a competitive advantage by positioning themselves in the industry where these forces are weakest or by influencing the competitive balance through strategic changes. The document also covers Porter's generic strategies of cost leadership, differentiation, and focus.
Porter's generic strategies framework outlines three strategies for competitive advantage: cost leadership, differentiation, and focus. Cost leadership involves having the lowest production costs, differentiation means providing unique value, and focus means targeting a specific niche market. A company must choose between cost leadership or differentiation to achieve competitive advantage, as trying to be both risks being "stuck in the middle" without a clear strategy. However, some scholars argue successful companies like Toyota have combined strategies.
Hyundai is launching the new Genesis model to target the premium car market and move away from its past strategy of focusing on low cost. To gain a competitive advantage, firms can pursue either a low cost strategy, differentiation strategy, or focused strategy. Michael Porter's model outlines how firms can analyze their value chain activities to lower relative costs or create unique differentiation to deliver extra value for customers.
The document discusses the five generic competitive strategies: low-cost provider strategy, broad differentiation strategy, focused low-cost strategy, focused differentiation strategy, and best-cost provider strategy. It provides details on each strategy, including effective approaches, competitive advantages and risks, and potential pitfalls. For example, it explains that a low-cost provider strategy aims to gain market share through lower prices, but risks price wars, while differentiation strategies charge premium prices but must offer truly unique attributes. A best-cost provider hybridizes the two by meeting customer expectations at a lower price than competitors.
Developing Sustainable Competitive Advantages for Colleges and UniversitiesStamats
Developed by Dr. Robert A. Sevier, senior vice president, strategy, with Stamats, this presentation will help college and university professionals understanding how competitive advantages in higher education really work, and how to develop sustainable sources of competitive advantage.
The document discusses Michael Porter's generic strategies model which identifies three strategies for gaining competitive advantage - cost leadership, differentiation, and focus. It provides details and examples of each strategy. Cost leadership involves producing standardized products on a large scale at low cost. Differentiation focuses on making the product unique through features, quality, design or service. Focus involves targeting a narrow market segment and achieving either cost advantage or differentiation within that segment. The risks of each strategy are also outlined. The document then provides examples of Dell's successful implementation of virtual integration and targeting of customer segments to achieve cost leadership.
This document summarizes Porter's generic competitive strategies framework, which identifies three strategies for achieving competitive advantage: cost leadership, differentiation, and focus (specialization). Cost leadership involves having the lowest costs, differentiation involves being unique in the industry, and focus involves targeting a narrow market segment. Examples of companies using each strategy are provided, along with criticisms of Porter's framework noting that companies can use hybrid strategies. The document concludes by introducing the blue ocean strategy as an alternative to Porter's framework.
Tiger Brands Limited (TBL) pursues a cost leadership strategy in the fast moving consumer goods (FMCG) industry in South Africa and other African countries. As the largest FMCG company in the region, TBL aims to offer the lowest prices through economies of scale, a wide distribution network across 22 countries, and pursuing backward integration to reduce costs. TBL also pursues product differentiation by introducing new product sizes and features. However, the FMCG industry has high competition, threat of substitution, and power of consumers, which forces TBL to maintain low prices while also innovating to differentiate its brands.
Professor Michael Porter suggested three general positioning strategies to achieve competitive advantage :
Low Cost Leadership Strategy
Differentiation Strategy
Focus Strategy
The Generic Competitive Strategy (GCS) is a methodology designed to provide companies with a strategic plan to compete .The GCS is useful when a company is looking to gain an advantage over a competitor
Why should service firms focus their effortsquivenkaye
Successful companies strategically focus their efforts on satisfying customer needs better than competitors. Strategic thinking and planning allow companies to identify the right strategy and pursue it to achieve desired results. Market segmentation is important for service firms because it allows dividing the market into subgroups based on variables like demographics, to more closely match the needs of particular consumer groups. To identify target market segments, companies should analyze customer and product characteristics, consider the lifestyles and interests of potential customers, research competitor targets, and examine their current customer base to determine which customer types have the greatest need for their services. Determinant attributes are those aspects like quality, price, or service that determine why consumers purchase products from one competitor over others.
Effect of porter’s generic competitive strategies and the performance of soft...iosrjce
This document summarizes a study on the effect of Porter's generic competitive strategies on the performance of Somaliland Beverage Industry (SBI) in Somaliland. The study found that cost leadership, differentiation, and focus strategies positively relate to company performance. Specifically, it was found that cost leadership enhances performance through economies of scale. Differentiation was found to affect performance by satisfying customers more than competitors. Focus strategy was seen to impact performance by practicing segmentation. The study recommends that SBI invest in cost leadership strategies like partnerships to gain competitive advantage over importers.
The document discusses Porter's generic strategies for competitive advantage - cost leadership, differentiation, and focus. It describes how firms can pursue these strategies through their value chains and actions to lower costs or differentiate their products. Firms can also integrate cost leadership and differentiation strategies to balance low prices with some unique features. However, either strategy risks competitors imitating the firm's approach and "stuck in the middle" firms may compromise too much.
The document discusses various strategies for achieving sustainable competitive advantage (SCA). It defines competitive advantage and discusses approaches like strategic vision, strategic opportunism, and a combined vision-opportunism approach. Porter's generic strategies of low cost, differentiation, and focus are explained. Other approaches like preemptive moves and synergies are also summarized. Specific strategies like quality option, brand building, strategic positioning, and first-mover advantages through innovation are provided as examples. Risks of strategic stubbornness and strategic drift are also highlighted.
Chapter 2 Strategic Planning for Competitive Advantage 2014Earlene McNair
The document discusses key aspects of strategic planning and marketing plans, including:
1) It identifies important elements of strategic planning like defining strategic business units, identifying strategic alternatives, developing a mission statement, and understanding the marketing planning process.
2) It describes the components of conducting a situation analysis, identifying sources of competitive advantage, and setting good marketing objectives.
3) It discusses developing target market strategies and explains criteria for writing effective marketing objectives like making them realistic, measurable, time-specific, and able to be benchmarked.
This presentation aims to critically evaluate the Generic Strategies. Not all the time these strategies are sucessful, Even the big guns in the industry have falied in may occasions.
The document discusses the five generic competitive strategies: low-cost provider, differentiation, best-cost provider, and focused or niche strategies. It provides an overview of each strategy, including their objectives, keys to success, examples, and risks. Specifically, it outlines that the five strategies are low-cost provider, differentiation, best-cost provider, and two focused strategies. It also notes that each strategy positions a company differently and has tradeoffs to consider when deciding which one to pursue.
This document provides an overview of Porter's generic strategies including cost leadership, differentiation, and focus strategies. It discusses Michael Porter, the creator of the generic strategies framework, and then defines each generic strategy and provides examples. For each strategy, it outlines the internal strengths companies need to succeed with that strategy and potential risks. It also discusses how Porter's five forces of competition, including rivalry, threats of substitution, buyer power, supplier power, and barriers to entry, relate to the different generic strategies.
0601082 npa and recovery process with respect to small scale industriesSupa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
A study on the role of small – scale industries in An emerging economy of Sr...Ragulan Rex
This document summarizes a study on the role of small-scale industries in Sri Lanka's emerging economy. It finds that small and medium enterprises (SMEs) make up the majority of industrial establishments in Sri Lanka and contribute significantly to employment, income generation, and regional development. The government of Sri Lanka recognizes SMEs as important for economic and social development through various policies and initiatives aimed at supporting the growth and competitiveness of SMEs. These include industrial parks, training programs, and clustering strategies to help SMEs address economic and social objectives as key contributors to realizing Sri Lanka's vision of becoming the "Wonder of Asia."
This document provides an internship report submitted by Maman Panda on their summer internship examining the consumer buying behavior of Godrej appliances in Bhubaneswar, India. The report includes an acknowledgments section thanking those who supported and guided the project. It also includes an introduction to the company section that provides an overview of the Godrej group of companies and their various product offerings. The report appears to examine Godrej's appliance market share in Bhubaneswar and the factors that influence consumers' purchasing decisions.
Quality gurus and their contribution to TQMRagulan Rex
1. The document summarizes the contributions of 8 quality gurus to Total Quality Management (TQM): W. Edwards Deming, Joseph M. Juran, Philip Crosby, Genichi Taguchi, Kaoru Ishikawa, H. James Harrington, Yoshio Kondo, and Dr. Shigeo Shingo. It discusses each of their major contributions, including Deming's 14 points, Juran's quality trilogy, Crosby's four absolutes of quality management, and tools/methods developed by the others like Ishikawa's fishbone diagram, Taguchi's loss function, and Shingo's zero quality control concepts.
2. The quality gurus had a significant impact on
This document summarizes information about small scale industries in India. It defines small scale industries as those with fixed asset investments not exceeding Rs. 1 crore. While not compulsory, registration makes industries eligible for government assistance through loans, hire-purchase schemes, and special promotion programs. It then lists various organizations that promote small scale industries and discusses their role in employment, resource mobilization, exports, and supporting large industries. The document outlines challenges small industries face like skilled labor shortages and marketing issues. It concludes by summarizing the role of State Finance Corporations in providing long-term finance and working capital to small businesses.
This document discusses small scale industries (SSIs) in India. It begins by defining SSIs and listing their key characteristics, which include small capital investment, family ownership, poor management, and high risk of closure. It then outlines the need for SSIs in terms of employment creation, income generation, and catering to individual tastes. The objectives, scope and industries reserved for the small scale sector are provided. The role of SSIs in economic development through job creation and dispersal of industries is examined. Steps to start a SSI and the various government policies to promote SSIs from 1948 to 2005 are summarized.
This document is a project report on consumer behavior towards refrigerators produced by Whirlpool India Ltd. It includes an introduction, objectives, limitations, company and industry overview. The report focuses on Whirlpool's new "Neo I-Chill" refrigerator series. Research methods are described and data analysis is presented on consumer awareness, interest in Neo I-Chill, purchase reasons and 8 week sales. The report also covers marketing concepts like the 4Ps, AIDA model and consumer decision making process. It concludes with findings, recommendations and references.
This document discusses key concepts in marketing for the 21st century. It begins by defining marketing as creating, communicating, and delivering value to customers to benefit the organization. Marketing management is choosing target markets and getting, keeping, and growing customers through superior customer value. The core concepts discussed include needs, wants, demands, target markets, positioning, offerings, value, satisfaction, and competition. The document also discusses how the modern marketplace has changed due to technology, globalization, and informed consumers. It outlines the main tasks of marketing management and tools for analysis like SWOT and competitive dynamics using Porter's five forces model.
The document provides an overview of key concepts for business planning and entrepreneurship including critical success factors, Porter's five forces model, competitive advantage, generic strategies, value chain analysis, and measures of success. It also profiles several leading Indian entrepreneurs such as John Bissell of Fabindia, Vishal Talreja of Dream a Dream, and Narendra Mukumbi who was named Entrepreneur of the Year. The document compares the prior and contemporary business environments and their differences in areas like manufacturing, marketing, and management organizations.
We started this Academic Writing Help in the year 2011.Writekraft Research & Publication: www.writekraft.com 1000s of students have graduated across the globe from our in-depth research.
We help students with the following services:
1. Thesis Writing (from 50 pages and above)
2. Dissertation writing
3. Research Writing for Publishing
4. Data Analysis
5. Research Proposal Writing
6. Study Plan
7. Plagiarism Report
Contact us at shivam.writekraft@gmail OR call us on +917753818181, +919838033084
The charges are fair and we allow negotiations as per the student’s budget. You can also inbox me for more direction.
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 . Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission
“To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
Analyzing every customer’s aims, objectives and purpose of research
Using advanced and latest tools and technique of research and analysis
Coordinating and including their own ideas and knowledge
Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Business level strategies—Porter’s framework of competitive strategies, Conditions, risks and benefits of Cost leadership, Differentiation and Focus strategies,
Strategic Analysis and choice—Corporate level analysis (BCG, GE Ninecell, Hofer’s product market evolution and Shell Directional policy Matrix)
Industry level analysis; Porter’s five forces model, Qualitative factors in strategic choice.
The document discusses Michael Porter's model of five competitive forces that shape industry competition: rivalry among existing competitors, threat of new entrants, threat of substitute products, bargaining power of customers, and bargaining power of suppliers. It states that a company must develop strategies to counter these forces in order to survive and succeed in the long run. Specifically, it outlines five basic competitive strategies a business can use: cost leadership, differentiation, innovation, growth strategies, and alliance strategies.
The document discusses various Porter forces and eBusiness strategies. It provides definitions and explanations of concepts like product differentiation, market diversification, strategic alliances, bundling, integration strategies, pricing models, barriers to entry, and managing substitute products and supplier power. Strategies recommended to address high forces include positioning the company to be least vulnerable, minimizing or diversifying from the force. For low forces, strategies include capitalizing on the force or using it for advantage.
The document discusses competitive strategies and the business environment. It covers how business strategy is created through analysis of internal resources and the external environment. Key aspects of strategy include formulation, implementation, managing competition through pricing and communication. Understanding customers is important, and tools like conjoint analysis can provide insights. Effective strategies consider the nature of the operating environment and routes to achieving competitive advantage like focusing on areas of strength. The effectiveness of strategic systems should be evaluated based on factors like alignment with goals and flexibility.
The document discusses different business-level strategies including cost leadership strategy, differentiation strategy, focused strategies, and integrated cost leadership/differentiation strategy. It explains that core competencies provide competitive advantage and strategies must exploit these to satisfy customer needs. Cost leadership is achieved through low cost production while differentiation provides unique value. The strategies can be used to address threats from competition and suppliers/buyers.
Porter's Five Forces model analyzes five competitive forces that shape an industry: 1) rivalry among existing competitors, 2) threat of new entrants, 3) bargaining power of suppliers, 4) bargaining power of buyers, and 5) threat of substitute products. The model helps businesses understand the profitability and attractiveness of an industry sector by identifying its weaknesses and strengths. Analyzing these competitive forces can help companies improve their profitability by adjusting their strategy accordingly.
This document provides details about Ashok Leyland Limited (ALL), an automotive company in India. It discusses ALL's pricing strategies, branding strategies, production capacities and utilization levels. It notes that ALL uses strategies like cost-plus pricing, market-oriented pricing, and penetration pricing. It also discusses ALL's brand communication efforts and joint ventures with companies like Nissan. The document provides production data for ALL and competitors from 2007-2012, showing that ALL's production has increased from 84,006 vehicles in 2007-08 to an estimated 103,267 in 2011-12.
Innovative competitive advantages in business notesAylya B.S
This paper is based on the role of innovation and competition in business which changed the trend of business. That made harder to sustain in an environment for a business man to be stable and requires constant management and analysis of the business, competitors, customers etc.
Buyers are more likely to be powerful relative to the firms from w.docxhumphrieskalyn
Buyers are more likely to be powerful relative to the firms from which they purchase goods and services if:
Select one:
the good or service purchased by the buyers represents a negligible percentage of the buyer's costs.
there are relatively few firms supplying the industry compared to the number of buyers.
the industry's goods or services are standardized or undifferentiated.
the good or service is of significant importance to the quality or price of the buyer's offerings.
buyers face high switching costs in changing vendors.
New entrants are more likely to join an industry if:
Select one:
existing competitors lack economies of scale.
access to distribution channels is limited.
capital requirements to enter the industry are high.
differentiation among existing competitors is high.
expected retaliation from existing competitors is high.
A coffee chain was losing its customers to its competitors, and wanted to increase its sales. Therefore it started offering complimentary pastries with every cup of coffee, to outwit its competitors. Soon, the company registered an increase in its sales. This is an example of a strategic:
Select one:
position
pattern
perspective
plan
ploy
Which of the following refers to a political risk?
Select one:
The potential for a nation's property rights protections and currency exchange rates to harm a firm's operations within a country
The potential for a country's economic policies to harm a firm's operations within a country
The potential for a company's operations in a country to struggle due to differences in language, customs, norms and customer preferences
The potential that an operation might fail due to power struggles and politics within an organization
The potential for government upheaval or interference with business to harm an operation within a country
Car manufacturers such as Lamborghini compete in the small super car category. These cars offer more than just transportation. They are known for their styling and state of art technology. Which of the following is an advantage for such a company?
Select one:
Its area of operation cannot be made to disappear or be taken over by larger competitors.
It can charge very high prices.
It depends on its ability to reduce the price to drive competition out of the market.
It does not face damaging attacks from larger firms.
It growth is never stymied irrespective of the fact that it serves a niche market.
Myshirts.com, a company that manufactures shirts, buys large consignments of dressing material from a supplier. The supplier charges them less than what Myshirts.com would have had to pay if it had purchased the material from different sources. As a consequence, the cost of manufacturing each shirt at Myshirts.com is lower than at other manufacturers. This is an example of economies of:
Select one:
scale
scope
brand
demand
integration
Which of the following statements holds true for internal business process measures as a part of the balanced scorecard?
Sele ...
The document discusses various business strategies including cost leadership, differentiation, and focus strategies. Cost leadership aims to offer lower prices through efficient operations. Differentiation strategies make products unique in areas like quality, features, or branding. Focus strategies target a specific niche, either through lower costs or differentiation within that niche. Examples like Walmart, Payless, and niche product lines are provided.
This document discusses different business level strategies that companies can pursue, including cost leadership, differentiation, focus, and integrated strategies. It defines each strategy and provides examples of how companies can implement them. Cost leadership involves offering products at lower prices than competitors. Differentiation means incorporating unique features that customers value highly. Focus strategies target specific customer segments. The integrated approach combines differentiation and low costs to appeal to a wide customer base. The document outlines benefits such as higher profits, market share, and sustainability that various strategies can provide.
How to beat the competition with smart market positioning
What is a competitive advantage? What is positioning? Cost leadership/ differentiation. How can you assess the competition?
This document summarizes key concepts around developing competitive advantage from the textbook "Principles of Marketing" by Philip Kotler and Gary Armstrong. It discusses the importance of competitor analysis, identifying different competitive strategies like cost leadership, differentiation, and focus. It also outlines different competitive positions such as market leader, challenger, follower, and nicher. The document emphasizes the need to balance customer and competitor orientations to become a truly market-centered organization.
COMPETITIVE ADVANTAGE WITH PRACTICAL ADVANTAGE OF PATANJALIHarshit Gupta
Competitive advantage is gained when an organization can provide greater value to consumers at a lower price than competitors. There are direct competitors that offer similar products and indirect competitors that offer alternative but substitutable products that satisfy the same consumer needs. To identify competitive advantage, companies assess competitors' objectives, strategies, marketing, financials, products, facilities, personnel, and corporate strategies. Common competitive strategies include cost leadership, differentiation, focus, and customer intimacy. Patanjali Ayurved has achieved competitive advantage through a loyal consumer base attracted by Ramdev's promotion of Indian ayurvedic products and criticism of foreign brands, competitive prices, and minimal advertising costs.
The document discusses various marketing strategies and models, including:
1. It outlines the 8 M's of management and defines strategy as specifying objectives, resource deployment, and interactions with markets and competitors.
2. It describes the hierarchy of strategy from corporate mission down to functional strategies.
3. Porter's model of competitive industry structure is presented, analyzing factors like bargaining power of suppliers and threats of substitution.
4. Generic marketing strategies like cost leadership, differentiation, and focus are defined. Product mix strategies and product-market growth strategies are also covered.
Similar to Identify two organizations which are in same category & critically discuss the competitive advantages of the organization (20)
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
Unlock the full potential of your web projects with our expert PHP development solutions. From robust backend systems to dynamic front-end interfaces, we deliver scalable, secure, and high-performance applications tailored to your needs. Trust our skilled team to transform your ideas into reality with custom PHP programming, ensuring seamless functionality and a superior user experience.
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
The Steadfast and Reliable Bull: Taurus Zodiac Sign
Identify two organizations which are in same category & critically discuss the competitive advantages of the organization
1. Department of Economics and Management
Vavuniya Campus of the University Of Jaffna
Sri Lanka
Title of the Assignment:
Identify two organizations which are in same category & critically
discuss the competitive advantages of the organization
Presented by:
Mr.N.RAGULAN
(2008/Bs/20)
Presented to:
Dr.A.Pushpanathan
Date of Submission: June 25, 2013
2. Q1] Identify two organizations which are in same category & critically
discuss competitive advantages of the organization.
Competitive advantage seeks to address some of the criticisms of comparative advantage. Michael Porter
proposed the theory of Competitive advantage in 1985. This theory suggests that states and businesses
should pursue policies that create high-quality goods to sell at high prices in the market. Porter emphasizes
productivity growth as the focus of national strategies. Competitive advantage rests on the notion that cheap
labor is ubiquitous and natural resources are not necessary for a good economy. The other theory,
comparative advantage, can lead countries to specialize in exporting primary goods and raw materials that
trap countries in low-wage economies due to terms of trade. Competitive advantage attempts to correct for
this issue by stressing maximizing scale economies in goods and services that garner premium prices
Competitive advantage occurs when an organization acquires or develops an attribute or combination of
attributes that allows it to outperform its competitors. These attributes can include access to natural
resources, such as high grade ores or inexpensive power, or access to highly trained and skilled personnel
human resources. New technologies such as robotics and information technology can provide competitive
advantage, whether as a part of the product itself, as an advantage to the making of the product, or as a
competitive aid in the business process (for example, better identification and understanding of customers).
Above writings signify competitive advantage as the ability to stay ahead of present or potential
competition, thus superior performance reached through competitive advantage will ensure market
leadership. Also it provides the understanding that resources held by a firm and the business strategy will
have a profound impact on generating competitive advantage. Powell views business strategy as the tool that
manipulates the resources and create competitive advantage, hence, viable business strategy may not be
adequate unless it possess control over unique resources that has the ability to create such a unique
advantage. Summarizing the view points, competitive advantage is a key determinant of superior
performance and it will ensure survival and prominent placing in the market. Superior performance being
the ultimate desired goal of a firm, competitive advantage becomes the foundation highlighting the
significant importance to develop same.
I have selected two organizations under the Motor bike manufacturing industry such as, Bajaj & TVS. The
purpose for what I have selected these particular two industries is, because they are the market leaders at
present in Sri Lanka. They are using competitive advantages to become as the Market leaders in Motorbike
manufacturing. The following facts will show how they use those;
Competitive Strategies/advantages
Cost Leadership Strategy
The goal of Cost Leadership Strategy is to offer products or services at the lowest cost in the industry. The
challenge of this strategy is to earn a suitable profit for the company, rather than operating at a loss and
draining profitability from all market players. Companies such as Wal-Mart succeed with this strategy by
featuring low prices on key items on which customers are price-aware, while selling other merchandise at
less aggressive discounts. Products are to be created at the lowest cost in the industry. A typical example is
to use space in stores for sales and not for storing excess product.
In TVS normally cost of production is lower compared to Bajaj. But there are some differences in the
features that are offered by them via products.TVS marketers normally use cost leadership strategy than the
Bajaj Company. The inventory turnover of the TVS and Bajaj are 34 times & 13 times respectively. From
that also we can ensure that sales of the Bajaj are higher than that of the TVS.
3. Differentiation Strategy
The goal of Differentiation Strategy is to provide a variety of products, services, or features to consumers
that competitors are not yet offering or are unable to offer. This gives a direct advantage to the company
which is able to provide a unique product or service that none of its competitors are able to offer. An
example is Dell which launched mass-customization on computers to fit consumers' need. This allows the
company to make its first product to be the star of its sales.
In the Bajaj Company, there are so many variety of products compared to TVS. So we could be able to
assume here that Bajaj Company uses the differentiation strategy than the TVS. When the customer asks for
certain features that he wishes to have, without differentiation strategy company can’t satisfy the customer.
Types differential strategy
Differentiation based on ingredients:
Differentiation through additional features:
Differentiation by packaging:
Differentiation by design:
Differentiation by positioning:
A successful differential strategy allows an organization to
Set a premium price
Increase unit sales
Build brand loyalty
Where to look for differentiation opportunities
Supply chain
Research and development
Production activities
Marketing, sales and service activities
Strengths of a Differentiation Strategy
Customers develop loyalty to the brand
Brand loyalty acts as an entry barrier
Organization is better able to fend off threats of substitute products because of brand loyalty
Reduces bargaining power of large customers since other brands are less attractive
Seller may be in a better position to resist efforts of suppliers to raise prices
Innovation Strategy
The goal of Innovation Strategy is to leapfrog other market players via the introduction of completely new
or notably better products or services. This strategy is typical of technology start-up companies which often
intend to "disrupt" the existing marketplace, obsoleting the current market entries with a breakthrough
4. product offering. It is harder for more established companies to pursue this strategy because their product
offering has achieved market acceptance. Apple has been a notable example of using this strategy with its
introduction of iPod personal music players, and ipad tablets. Many companies invest heavily in their
research and development department to achieve such statuses with their innovations.
In the motorbike industry Bajaj is more innovative than the TVS. Because, from time to time they introduce
various products with various features. In the case of TVS, their innovations are not sufficient. The research
& development segment of the TVS is less active than the Bajaj. In the case of Bajaj, they release their new
products to the market annually.
Operational Effectiveness Strategy
The goal of Operational Effectiveness as a strategy is to perform internal business activities better than
competitors, making the company easier or more pleasurable to do business with than other market choices.
It improves the characteristics of the company while lowering the time it takes to get the products on the
market with a great start. State Farm Insurance pursues this strategy by promoting their agents as "good
neighbors" who actively help customers.
According to the opinion TVS & Bajaj both are equally using this strategy. Because , both companies are leading in
the market.
.
Q2] Visit restaurant industry & discuss the value chain analysis of the
industry.
The value chain assessment is the process of evaluating the degree of engagement of every actor in a
specific industry from producing the basic raw materials to delivering a final product to the consumer.
The goal of the VCA is to determine where farmers are located along the several value adding opportunities
in the value chain, and how they can improve their income generation activities.
In fruits and vegetables, a value chain begins up stream with the production of goods by individual farmers,
cooperatives or farming corporations, and broadens downstream as the product is transformed or repacked to
be sold either through retailers or be served in restaurants where the final consumer is reached.
Experience has shown in several parts of the world that the vast majority of horticultural entrepreneurs are
not part of a value chain. They continue to join traditional supply chains with a strong focus on cost and
price, and not on value and long term profit. Joining value chains is difficult for them because in most cases,
well organized value chains will require higher levels of coordination, minimum plot sizes to supply agreed
volumes, and higher focus on adding value and differentiation to the products than on non-differentiated
commodities.
Because of this situation, better off farmers (larger, better endowed, better connected to the value chain
actors) are more likely to be part of the value chain philosophy. PFID-F&V's approach takes this reality into
consideration and plans for the long-term involvement of more farmers by opening opportunities with the
most advanced farmers first. The concept is not new as there are several private-sector models around the
world that work this way through out grower schemes. PFID-F&V's innovation concentrates on developing
partnerships that will ultimately facilitate access to the "next in line" after the top tier farmers have entered
the value chain and continue opening the breach for others. The following graph illustrates this dynamics.
According to the restaurant industry we can discuss their value chain analysis as follows:
5. • Inbound logistics
Activities used to receive, store, and disseminate inputs to a product (materials handling,
warehousing, inventory control, etc.) in the restaurant all the activities which are related to purchasing
vegetables & other ingredients & storing them in the store.
• Operations
Activities necessary to convert the inputs provided by inbound logistics into final product form
(machining, packaging, assembly, etc.) in the case of restaurant washing the vegetables, cutting them
& cooking them. If there is outlet to sell these foods, preparation of all those fast foods are also can
include under this.
• Outbound logistics
Activities involved with collecting, storing, and physically distributing the product to customers
(finished goods warehousing, order processing, etc.)Foods delivery process can be taken under this
category.
• Marketing and sales
Activities completed to provide means through which customers can purchase products and to induce
them to do so (advertising, promotion, distribution channels, etc.)Most of the restaurants don’t have
big marketing division like other firms. But in front of their restaurant normally they put banners
.They put some advertisements in the internet at present.
• Service
01. Procurement
Activities completed to purchase the inputs needed to produce a firm’s products (raw materials and
supplies, machines, laboratory equipment, etc.)In the restaurant all the records which are in the
written format comes under this category.
• Technological development
Activities completed to improve a firm’s product and the processes used to manufacture it (process
equipment, basic research, product design, etc) the usage of new methods of cooking, new
machines for cook. using new technologies
• Human resource management
Activities involved with recruiting, hiring, training, developing, and compensating all personnel,
normally most of the restaurants haven’t their own HR department .Below we can see McDonalds
value chain analysis.