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WPC 480 Exam 2 Questions and Answers
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WPC 480 Exam 2 Questions and Answers
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WPC 480 Exam 2 Questions andAnswers
Blue iiOcean iiStrategy ii- iiAnswers ii-- iiSuccessfully iicombining iidifferentiation iiand iicost-
leadership iiactivities
- iiUses iivalue iiinnovation iito iireconcile iitrade-offs ii(Between iiDifferentiation ii& iiCost
iiLeadership)
"Untapped iiMarket iiSpace"
"Create iiadditional iidemand"
"Opportunity iifor iiHighly iiProfitable iiGrowth"
How iito iiIncrease iiConsumer iiPerceived iiBenefits? ii- iiAnswers ii-- iiRaise, iiraise iithe
iistandard iiand iiindustry iinorm iito iiyour iibusiness
- iiCreate, iiCreate iisomething iithe iiindustry iihas iinever iioffered
What iiare ii2 iiValue iiInnovation iiStrategies ii? ii- iiAnswers ii-1. iiLowering iiCosts ii(Eliminate
ii& iiReduce)
2. iiIncrease iiperceived iiConsumer iiBenefits ii(Raise ii& iiCreate)
Threat iiof iiEntry ii(Competitive iiForces, iiDifferentiation) ii- iiAnswers ii-- iiProtection iidue iito
iiintangible iiresources, iiinnovation, iiand iicustomer iiservice
- iiRisk iiinclude iiErosion iiof iiMargins iiand iiReplacement
Threat iiof iiEntry ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtects iiagainst iientry iidue iito
iiEconomies iiof iiScale
- iiRisk iiinclude iiErosion iiof iiMargins iiand iiReplacement
Power iiof iiSuppliers ii(Differentiation) ii- iiAnswers ii-- iiprotection iiagainst iiinput iiprices
iiwhich iican iibe iipassed iito iicustomers
Risks iiinclude iiErosion iiof iiMargins
Power iiof iiSuppliers ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtection iiagainst iiincrease iiin
iiinput iiprices iiwhich iican iibe iiabsorbed
, - iiRisks iiinclude iiErosion iiof iiMargins
Power iiof iiBuyers ii(Differentiation) ii- iiAnswers ii-- iiProtection iiagainst iidecreased iisales
iiprices
- iiAre iiwell iidifferentiated iiproducts
- iiRisks, iiErosion iiof iiMargins
Power iiof iiBuyers ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtected iiagainst iidecrease iiin
iisales iiprices
- iiCan iibe iiabsorbed
- iiRisks, iiErosion iiof iiMargins
Threat iiof iiSubstitutes ii(Differentiation) ii- iiAnswers ii-- iiProtection iiagainst iisubstitute,
iidifferential iiappeal
- iiRisks, iiReplacement iiwhen iiface iiwith iiInnovation*
Threat iiof iiSubstitutes ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtection iiagainst iisubstitutes
iithrough iifurther iilower iiprices
- iiRisks, iiReplacement iiwhen iifaced iiwith iiinnovation
Rivalry iiAmong iiCompetitors ii(Differentiation) ii- iiAnswers ii-- iiProtection iiONLY iiif
iiproduct iihas iienough iidifferential iiappeal
- iiCompetition iifocus ii= iiPrice iiShifts
- iiRisks, iiIncreasing iiproduct iifeatures iiand iino iirecovery iiprofit
Rivalry iiAmong iiCompetitors ii(Cost iiLeadership) ii- iiAnswers ii-- iiProtection iiagainst iiprice
iiwars iibecause iilowest iicost iifirm iiWINS
- iiRisks, iilowering iicosts iito iidrive iivalue iibelow iiacceptable iithreshold
- iiFocus iiof iicompetition iito iiswitch iito iinon-price iiattributes ii(enhancing iia iiproduct
iiwithout iicost iiinputs)
Economies iiof iiScope ii- iiAnswers ii-- iiSavings iithat iicome iifrom iiproducing ii2 iior iimore
iioutputs ii(cheaper iithan iiit iiwould iibe iito iiproduce iithem iiindividually)
How iido iiManagers iiIncrease iiPerceived iiValue iior iiDecrease iiCosts? ii- iiAnswers ii-1.
iiProduct iiFeatures
2. iiCustomer iiService
3. iiComplements
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