Business -level strategy
22 important questions on Business -level strategy
What is the strategy clock?
What options are there in the strategy clock?
2. Low price
3. Hybrid
4. Differentation a; without price premium b; with price premium
5. Focuesed differentation
6. Increased price/standard value
7. Increased price/low value
8. Low value/standard price
What are the needs/risks of the low price strategy?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What are the needs/risks of the hybrid strategy?
What are the needs/risks of the differentation strategy without price premium?
What are the needs/risks of the differentation strategy with price premium?
What are the needs/risks of the increased price/standard value strategy?
What are the needs/risks of the increased price/low value strategy?
What is a no frills strategy?
What is a low-price strategy?
What is a differentation strategy?
What is a hybrid strategy?
What is a focused differentation strategy?
How can a price-based advantage be sustained?
- A unique cost structure
- Organisationally specific capabillities
- Focusing on market segments
What are the dangers of persueing a low-price strategy?
- Associate low price with low product/service benefits
- Inability to persue a differentation strategy
How can a differentation-based advantage be sustained?
- Imperfect mobility (cannot be traded; intangible assets, switching costs, co specialisation)
- A lower cost position
Where is the achievement of lock-in likely to be dependent on?
- First mover dominance
- Self-reinforcing commitment
- Insistence of the preservation
How do you respons to a competitive threat if a strategy of differentiation is retained?
- Ensure a meaningful basis of differentation
- Minimise price differences
- Focus on less price sensitive market segments
How do you respond to a competitive threat if a strategy of low price is retained?
- Run the business separately and ensure it is well resourced
- Ensure benefits to differentiated offering
- Allow the business to compete
Examples of responsing to competitive threat by changing own business model?
- Become a low-price provider
Why would collaboration be benefitial?
What are the benefits of collaboration?
- Increased buying power
- Increased barrier to entry
- Decreased risk of substition
- Entry to new markets
- Shared work with customers
- Stakeholder expectations
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
