How will you create customer value

Assignment Help Management Theories

Reference no: EM131498665

Question: After you have read the Participant's Guide or Player's Manual for the strategy simulation exercise that you will participate in this academic term, you and your co-managers should come up with brief one- or two-paragraph answers to the questions that follow before entering your first set of decisions. While your answers to the first of the four questions can be developed from your reading of the manual, the remaining questions will require a collaborative discussion among the members of your company's management team about how you intend to manage the company you have been assigned to run.

1. What is your company's current situation? A substantive answer to this question should cover the following issues:

• Does your company appear to be in sound financial condition?

• What problems does your company have that need to be addressed?

2. Why will your company matter to customers? A complete answer to this question should say something about each of the following:

• How will you create customer value?

• What will be distinctive about the company's products or services?

• How will capabilities and resources be deployed to deliver customer value?

3. What are the primary elements of your company's business model?

• Describe your customer value proposition.

• Discuss the profit formula tied to your business model.

• What level of revenues is required for your company's business model to become a moneymaker?

4. How will you build and sustain competitive advantage?

• Which of the basic strategic and competitive approaches discussed in this chapter do you think makes the most sense to pursue?

• What kind of competitive advantage over rivals will you try to achieve?

• How do you envision that your strategy might evolve as you react to the competitive moves of rival firms?

• Does your strategy have the ability to pass the three tests of a winning strategy?

Reference no: EM131498665

Questions Cloud

Operating system and application security : Write a paper regarding development of an effective approach to operating system and application hardening for your project organization.

Research the current mortgage interest rates for a ten-year : Research current mortgage interest rates for a 10-year, 15-year, 20-year, and 30-year loan. Relationship between interest rates and number of years to maturity.

Create a barrier for the application of evidence : HLSC122 Inquiry in health care Assessment Task - Part A & B. Discuss how Leah's personal circumstances may create a barrier for the application of evidence

Does its cost structure allow for acceptable profit margins : Go to www.nytco.com/investors and check whether The New York Times ' recent financial reports indicate that its business model is working.

How will you create customer value : After you have read the Participant's Guide or Player's Manual for the strategy simulation exercise that you will participate in this academic term.

Experiences with setting up a computer network : Describe your experiences with setting up a computer network, including experiences at home as well as in the workplace.

Describe the purpose of the report and provide a conclusion : Describe the purpose of the report and provide a conclusion. Write clearly and correctly-that is, no poor sentence structure, no spelling and grammar mistakes.

What has management discussed concerning staffing : Go to the investor relations website for Wal-Mart Stores, Inc., ( http://investors. walmartstores.com ) and review past presentations it has made during.

Fiber-optic media and a wireless network : Discuss the similarities and differences between a network utilizing fiber-optic media and a wireless network. Discuss some pros and cons for each option.

User Account

All Pages