Liberty University – BUSI 690BUSI690CH3hwk.docx
Liberty University – BUSI 690 BUSI690 CH3 hwk
The Five Forces Model of Competition
The character and complexities of competitive forces are rarely the same from one industry to another and must be thoroughly understood to answer such questions as: “Where are we now?” Michael Porter’s Five Forces Competitive Model is the most widely used tool in business today in determining the competitive intensity and therefore attractiveness of a particular industry.
Strategic Group Mapping
Read the overview below and complete the activities that follow.
A strategic group consists of those industry members with similar competitive approaches and positions in the market. Companies in the same strategic group can resemble one another in any of several ways: They may have comparable product-line breadth, sell in the same price/quality range, emphasize the same distribution channels, use essentially the same product attributes to appeal to similar types of buyers, depend on identical technological approaches, or offer buyers similar services and technical assistance. Illustration Capsule 3.1 presents a two-dimension diagram reflecting how rivals in the U.S. casual dining industry are positioned.
Based on the strategic group map in Illustration Capsule 3.1, which casual dining chains are Cracker Barrel’s closest competitors? Explain your answer.
With which strategic group does Panera Bread Company compete the least, according to the map? Explain your answer.
Why do you think no casual dining chains are positioned in the area above the Olive Garden group? Explain your answer
The kinds of factors that might be reviewed when considering the “Economic” aspect of the PESTEL includeTop of Form
The impact of baby boomers getting older on an industry would be classified in which PESTEL factor?
Effective use of the PESTEL framework can help us identify
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more