Reference no: EM131430393
Establishing a proprietary standard as the industry standard may require a company to win a format war against a competing and incompatible standard. Strategies for doing this include producing complementary products, leveraging killer applications, using aggressive pricing and marketing, licensing the technology, and cooperating with competitors. In this assignment, you will investigate these standards and strategies in relation to a company of your choosing.
Write a paper in which you complete the following:
Complete “Strategy Sign-on Article File 7” and “Strategic Management Project: Developing Your Portfolio 7” on page 259 of your text, answering Questions 1-6 on page 259.
Find an example of an industry that has undergone a technological paradigm shift in recent years. What happened to the established companies as that paradigm shift unfolded? Strategic Management Project: Developing Your Portfolio 7 This module requires you to analyze the industry environment in which your company is based and determine if it is vulnerable to a technological paradigm shift. With the information you have at your disposal, answer the following questions:
1. What is the dominant product technology used in the industry in which your company is based?
2. Are technical standards important in your industry? If so, what are they?
3. What are the attributes of the majority of customers purchasing the product of your company (e.g., early adopters, early majority, late majority)? What does this tell you about the strategic issues that the company is likely to face in the future?
4. Did the dominant technology in your industry diffuse rapidly or slowly? What drove the speed of diffusion?
5. Where is the dominant technology in your industry on its S-curve? Are alternative competing technologies being developed that might give rise to a paradigm shift in your industry?
6. Are intellectual property rights important to your company? If so, what strategies is it adopting to protect those rights? Is it doing enough?
Answer these additional questions: How could this company compete in format wars? How will it combat the industry costs of high technology?
Refer to at least two outside sources in your paper.
|
Chemists use when counting moles
: Titration with an indicator is a common technique that chemists use when counting moles. a) Would this technique be useful for determining the pH of a water sample from a lake or stream?
|
|
Perform a smoothed bootstrap for the mean arsenic level
: Perform a smoothed bootstrap for the mean arsenic level from the Bangladesh data set . Use a transformation to prevent the smooth from creating negative values.
|
|
When choosing a global location for doing business
: What should companies consider when choosing a global location for doing business? Do you know any cultural differences between China and the States. Please do some literature and give some examples. Please explain the advantage and disadvantage of o..
|
|
What mood do the customers create
: Make a list of what you see, hear, taste, smell, and feel during your visits. What did you hear? What is the place like? What sort of customers does it attract? What mood do the customers create
|
|
Establishing proprietary standard as the industry standard
: Establishing a proprietary standard as the industry standard may require a company to win a format war against a competing and incompatible standard. Find an example of an industry that has undergone a technological paradigm shift in recent years. Wh..
|
|
How do ordinary and smoothed bootstrap distributions differ
: In Section 3.3, we performed a permutation test to determine if men and women consumed, on average, different amounts of hot wings.
|
|
Assess the value of the various marketing research
: Assess the value of the various marketing research tool(s) that Briarwood and Crestview hospital could use to promote effective marketing communication strategies. Justify your response
|
|
Find the posterior distribution of µ
: find a 95% credible interval for the true μ; and (c) find the probability that the posterior mean math SAT score is greater than 600.
|
|
Calculate the additional cost resulting from crashing
: Cruise International Inc. wants to launch a new onboard telemedicine procedure and the project is time-critical. You need to provide project management assistance to Susan Petersen in Cll's Marketing Department as well as to Dr. Janelle Black at C..
|