Rothaermel Discussion Questions

Words: 1909
Pages: 8
Open Document
Rothaermel Exercise 2
Discussion Question 6.1 Businesses can use different strategies depending on the needs and mission of their organizations. The selection of a business strategy does not guarantee success and all strategy have their drawbacks. Some drawbacks and risks that are associated with a broad generic business strategy is choosing strategies where the entities specializes in one specific area and they may not be aware of others that will impact their specific industry. A drawback to a firm using a focused approach when deciding on a business strategy is that there is no guarantee that consumers will take an interest which means the market area may not grow or decline. Firms utilizing a focused strategy must also be aware of how the economy will impact their performance based on various target market segment that include population. It will make it hard for firms to predict how well they may do based on economy concerns of consumers. There a many risks to both a generic and focused strategy. Some can also be based on strategy sleeted. For instance a low cost strategy can involve competitors in the market to lower their prices on products also.
Discussion Question 6.3
A differentiation cost strategy is a strategy that uses costs to help create a higher value for their producing using …show more content…
One of the inventions that are needed by many that are a low technology innovation is adjustable eye glasses. Adjustable eye glasses are lenses in which silicone is placed between the lenses that help adjust the power for the lens. The technology was based on an invention by the Nobel Prize winning physicist Dr. Luis Alvarez. The lens requires the precise injection of the mold into the plastic. The lenses are made up of polycarbonate and the frames and temples are made up of plastic. The glasses are put together using an ultrasonic
Show More

Related Documents: Rothaermel Discussion Questions

BUSI690 Rothaermel Ex 2 Essay

Competition January 25, 2015 Chapter 6 Discussion Question 6.1: What are some drawbacks and risks to a broad generic business strategy? To a focused strategy? The two generic business strategies are differentiation and cost-leadership strategies, and they are fundamentally different from one another, both with their own drawbacks and risks (Rothaermel, 2013). These strategies are referred to as “generic” because they may be used by any type of organization (Rothaermel, 2013). The drawbacks and risks…

Words 2005 - Pages 9

BUSI690 Rothaermel Ex 3 Essay

2015 Chapter 11 Discussion Question 11.1: Why is it important for an organization to have alignment between its strategy and organizational structure? The relationship between an organization’s strategy and structure are extremely important because it “directly impacts a firm’s performance” (Rothaermel, 2013, p. 309). Also, as an organization grows, it should reevaluate the current strategy and structure to ensure that it remains the optimal choice for the organization (Rothaermel, 2013). The four…

Words 1257 - Pages 6

BUSI690 Rothaermel Ex 1 Essay

Competition January 18, 2015 Chapter 1 Discussion Question 1.1: How is a strategy different from a business model? How is it similar? Strategy refers to an organization’s “overall efforts to gain and sustain competitive advantage” (Rothaermel, 2013, p. 9). An organization’s business model, on the other hand, “details the [organization’s] competitive tactics and initiatives”, which includes the steps necessary to put the organization’s strategy into action (Rothaermel, 2013, p. 11). The strategy is the…

Words 2050 - Pages 9

Essay on MN2205 Course Outline

(turnitin) 2. Assignment Two: Individual Essay ESSAY Questions: select ONE question and submit a maxim 2,000 words essay. Minimum 15 references including academic papers, books, lectures, workshop materials, and reliable internet sources. A word document with with some info on Analysis and Structure for an essay can be found on moodle. This assignment carries 15% of the total grades Deadline: Monday 16th noon March 2015 (turnitin) Essay Questions: 1. The SWOT analysis became a basis from which…

Words 1330 - Pages 6