General Motors' approach for gaining a competitive edge may be identified and defended using Michael Porter's framework for competitive advantages.
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General Motors' approach for gaining a competitive edge may be identified and defended using Michael Porter's framework for competitive advantages.
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- A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices. How has the information system helped in gaining competitive advantage for a specific industry? (Give an example of a specific industry and explain how it has gained the competitive advantage with the use of information system.)2. Find three examples of firms that pioneered a new product in a new market and were able to achieve long-run success based on that entry. Find three examples of firms that were not the pioneers but entered later to eventually overtake the pioneer as market leader. In your opinion, why were the successful pioneers successful, and why were the unsuccessful ones unsuccessful?Use Michael Porter's framework for competitive advantages to identify and justify the strategy that General Motors implemented to obtain competitive advantage.
- The board of directors of a company determines that senior management should be rewarded in order to achieve the company's objectives. The board of directors determines whether to award bonuses based on growth in share value at the conclusion of each fiscal year. Bonuses will be given in stock, which the managers may keep or sell on the open market. What are the ramifications of instituting a rewards scheme like this?The board of directors of a corporation feels that senior management deserves compensation for their contributions to achieving the company's objectives. The board of directors decides whether or not to provide bonuses based on share price rises at the end of each year. Managers will get bonuses in the form of shares, which they may either retain or sell. What effects would putting in place such a bonus scheme have?Identify the competitive advantage strategy applied in each of the following short scenarios. Motivate your choice based on your readings and the scenario. The Village bank has lowered their banking fees for customers by emailing them their monthly statements instead of printing them and posting them each month.
- The board of directors of a company decides that senior management has to be rewarded in order to achieve the company's objectives. The board of directors selects whether or not to award bonuses based on growth in share value at the end of each fiscal year. Bonuses will be given in shares, which the managers can keep or sell on the open market. What are the ramifications of implementing a bonus system like this?A company's board thinks it needs to reward top management for advancing the company's aims. The board decides on incentives based on share price rises at the end of each year. Bonuses will be given in shares that managers may keep or sell. What are the ramifications of such a bonus scheme?Question 15 Based on the product's life cycle, identify the life cycle stage according to the following characteristics: a) At this stage, sales are at the maximum and competition is fair. b) At this stage, competition can be very brutal. c) At this stage, one of the strategies that can be used consist into maintaining high prices artificially for the product to be perceived as superior.
- Draw the UML diagram using a strategy pattern for calculating different types of salaries. - Employees that work by the hour have a different tax rate and salary is calculated based on hours reported- Employees under a contract have a set monthly salary but could still have a different withholding rate- Overhours (for contract and hourly employees) are calculated using a 1.5 multiplier for their salary scale and are paid by the hour- Employees might also receive compensation from a delivery regardless of hours workedANALYZE THE VENDOR BY USING GARTNER'S MAGICAL QUADRANT: CASE STUDY PROBLEM STATEMENT: without coping and past help me for this Suppose you are working as an IT manager at Super Dolls .Super dolls is a toy manufacturing company which is in the business for the past two decades. The manufacturing unit is situated in Riyadh, while its sales and marketing are spread over a large geographical area, especially in the major cities across the country. Over the years, a number of competitors have jumped in the field. Far from child's play, the company found that the toys' sector is a tough business and they are facing many problems. One of the major problems is delays; Thus the Company decides to implement an ERP system. Q.No.A: Consider the vendors you have been introduced with- in this module and evaluate them by using Gartner's magical quadrant. Focus on tomorrow Executes well today, may dominate large segment, but doesn't understand market direction. Executes well today, well positioned for…We find that the margins of Microsoft and Intel are higher compared to the PC manufacturers, we find that that Apple takes a very high margin on sale of mobile application by individual developers for the iOS platform. What are the underlying forces in these two scenario respectively? a) Complementor and Substitute b) Supplier and Complementor c) Competitor and Supplier d) Substitute and Competitor