Question

Question 2 A. Balance the competition in strategic management process, and how companies can do to assess the threat against each other and how client segment help better to understand market discuss segmentation in detail with examples, Competitive advantage is one of the key elements in the competition, being able to respond B. ng greater flexibility, being able to build and defend its market. How can product life cycle help to obtain long life in competition explain with diagram and example?

short answer

Answer 1

Answer: a combine of -A

Balancing competition among the strategic management method: The competition is being balanced within the strategic management method, as strategy area unit developed to manage the competition and provide higher choices and approaches that facilitate to win the completion and sustain the among the competition for extended amount. This all are usually achieved with strategic turning out with and strategic execution for the business. thus will|we will|we are ready to} say that strategic management will balance the competition among the market.

Companies asses the threats against each other: by knowing the current market scenario and thus the SWOT (strength, weakness, likelihood and Threat) of the competition and supported that hey build the interpretation that that area unit the companies those will manufacture treat for our business. thus among the market scenario, one can understand the potential competition will manufacture threat for the business.

Client part facilitate higher to grasp market phaseation with examples – shopper phase helps in our understanding of the client’s interest within which market phase and in future the consumers area unit moving towards which section. thus with adequate analysis with shoppers, one can understand the patron market segmentation.

Example –Clients area unit using a product for his or her business and happy in selling to the consumers, then the company should concentrate on A product instead of their original product thus they'll match the patron pace of modification among the market and convey home the bacon success and growth.

Answer a combine of B:

Product life cycle facilitate to urge long life in competition create a case for with diagram and example: Product life cycle are visiting be able to show the life interval of the merchandise. thus one can understand the longer amount of product life. thus they'll understand that therewith copious quantity, the merchandise are visiting be among the market and may be in competition. thus we have a tendency to are ready to founded higher and acceptable to U.S.A. in managing the competition with connectedness the merchandise life cycle.

Example -Suppose somebody Trucks area unit among the market and as per product life cycle they'll be in marketplace for an additional 10 years, then they'll be in competition for the number of 10years, thus we've got determined the competition among the market supported product life cycle.