Strategic avenues for a successful emerging industry
What are the strategic avenues for a successful emerging industry?
Expert
To be successful within an emerging industry, companies generally have to follow one or more of the given strategic avenues:
i. Try to succeed the early contest for the industry leadership with a bold creative strategy and the risk-taking entrepreneurship.
ii. Enhance product quality, push to perfect the technology, and develop extra attractive performance features.
iii. As technological doubt clears and a dominant technology emerges, adopt it rapidly.
iv. Form strategic alliances with the main suppliers to gain access to technological capabilities, specialized skills, and components or critical materials.
v. Obtain or form alliances with companies which have associated or complementary technological expertise
vi. Try to get any first-mover advantages related with early commitments to assuring technologies
vii. Pursue new type of customer groups, entry within new geographical areas and new user applications
viii. Make this easy and cheap for first-time buyers to attempt the industry’s first-generation creation
ix. Utilize price cuts to attract the subsequent layer of price-sensitive buyers within the market.
What do you mean by the term Decline stage of a PLC phase?
What are the distinct kinds or levels of strategy?
Autocratic Leader expects and commands compliance and leads by the capability to withhold on given punishments and rewards.
Explain about the Key Concept of cash hog and cash cow?
Write down the various managerial skills and ability?
What are the defective strategies to protect the position of company?
Briefly discuss and calculate Alderfer’s ERG theory of the motivation?
Write down the better telephone etiquettes?
What do you mean by the term Business market? Explain in brief?
Briefly illustrate Situational approach to Leadership?
18,76,764
1934893 Asked
3,689
Active Tutors
1443029
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!