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Strategic Management
answered on 08-Feb-22 10:12
Explain the meaning of highlights part
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With a mature market there are no more demographic sectors to exploit and the only way to attain market share is to take it from competitors. Since the users / consumers are already aware of the product and players, you should aggresively promote your product and also the pricing should be such that the existing competitors have a tough time and you take away there share of market.
Sumita Shah
CA Inter
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1
408
I want clarification
Strategic Management
answered on 07-Feb-22 14:26
different between key factors of competitive success and competitive advantage
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Key factors of competitive success are those things that most affect industry membersâ?? ability to prosper in the marketplace. Like for cloth manufacturing, these factors could be appealing designs, color combination etc. Competitive advantage is what enables a particular firm to propser more. It is specific to firm. It could include some key factors that a firm does very well (like world-class manufacturing capacities) and there could be some other factors like founder's past experience in the sector, backward / forward integration etc.
PRADAP S
CA Inter
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422
Dynamic of sm
Strategic Management
answered on 01-Feb-22 14:44
Strategy evolve from experience and need constant review and revision as the result of start showing up. What is the meaning of this sentence?
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First you make a strategy then you implement it. While implementing, one must constantly review whether what you aimed for is being achieved. Cause due to reasons like business environmental changes etc. the manager might have to make changes in strategy in order to ensure his objective. For the manager to make correct changes and decisions he needs to have experience. Thus through experience of manager and constant changes, the strategy evolves. Evolves as in, the plan you made at the beginning has undergone changes.
Sumita Shah
CA Inter
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423
Prospects and financial attractiveness of industry
Strategic Management
answered on 28-Jan-22 19:43
Severity of problems confronting industry as a whole I dont understand this line
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Problems faced by industry as a whole and how severe are the problems.
Jiya T
CA Inter
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1
404
Introduction of strategic management
Strategic Management
answered on 27-Jan-22 12:01
What is the meaning of 2nd paragraph?
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It means that the strategy will not always be perfect. It has to be made in a way where it is flexible. Also it tells that "strategy cannot be a substitute for management" which means that the strategy can be made by the management but it's the management of the organization that implements the strategy. In other words, it tells the importance of management in formulating and implementation of strategy.
Sumita Shah
CA Inter
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447
Industry growth rate
Strategic Management
answered on 20-Jan-22 12:14
What is Industry growth rate?
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Thanks
Jiya T
CA Inter
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2
395
Driving forces
Strategic Management
answered on 20-Jan-22 12:15
1.Long terem industry groth rate change I dont understand this line
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Thank you
Jiya T
CA Inter
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2
414
Chapter 2 , dominant economic features of the industry
Strategic Management
answered on 20-Jan-22 17:19
1.Whether industry profitability is above or below par 2. Whether certain industry activities are characterized by strong experience effects. I dont understand this two lines
latest answer
1. Industry profitability means average profitability of all companies in that industry. One of the features for an industry that we need to consider is its profitability w.r.t. other industries. Example, textile, garmenst industry has higher profitability vs Grocery Retail 2. Experience effects is learning by doing. The point means whether industry is such that costs of its activities reduce when done repetitively or period of time. For example in manufacturing, over a period of time, companies in the industry improves upon efficiency as they learn better ways of doing things
Jiya T
CA Inter
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509
Chapter 2
Strategic Management
answered on 14-Jan-22 20:48
"The impact of this constraining forces may vary in nature degree magnitude and importance" What is the meaning of degree and magnitude in this statement?
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Degree is like higher, smaller. Magnitude refers to size how big, how small
Jiya T
CA Inter
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414
Chapter 2
Strategic Management
answered on 14-Jan-22 20:45
"The important aspect of strategic analysis is to consider the possible implication of routine decision." What is the meaning of the word " implication" in this statement.?
latest answer
A possible future effect / result
Jiya T
CA Inter
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1
378