trab micro
TRANSCRIPT
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Microeconomics
Competitive strategies
in the market economy
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Microeconomics
On the threshold of XXI century, companies that do not have
a clear vision of how to be different and unique, will be devoured
by competition
Offensive or defensive actions to create a defendable position in
an industry, to successfully face the five competitive forces and
thus get a higher return on investment for the company
Michael Parter.
Index
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MicroeconomicsWhat is?/ Competitive advantage..1
Competitive edge...2/3
Leadership total cost...3
Differentiation..4
Focus on differentiation..5
Conclusion6
Biography.7
What is?
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MicroeconomicsThe term competitive strategy currently refers to how a company decides to
compete in a market in response to the strategies and positions of their competitors in
order to gain a sustainable competitive advantage.
Competitive strategies are the method by which you achieve a competitive advantage
in the market. There are typically three types of competitive strategies that can be
implemented. They are cost leadership, differentiation and focus strategy. A mixture
of two or more of these strategies is possible depending on the goals of your business
and current market position.
Competitive advantage
It is an advantage that the company has in relation to its competitors.
To be truly effective, the advantage must be:
Single; Difficult mimic; Sustainable; Superior to competition.
How to reach?
Customer Focus; superior Quality; wide distribution; high brand equity and positive company reputation; production techniques low cost; management team and staff excellence. 1.
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Competitive edge
There is always competition, but there's always room for several companiesin a given market;
Essential is to define the corporate positioning and marketing form ofcompetition to be adopted;
Is important to predict and anticipate, rather than react to the market andcompetitors.
Choice of competitive strategy
The future entrepreneur before starting a business, you should opt for one of
the competitive strategies, depending on the analysis of the forces that
determine the competitive microenvironment of your business.
Generic competitive strategies
The objective of competitive strategy is to achieve competitive advantages in
relation to competitors, the success factors or forces that determine the
competitive, entrepreneurial controllable by future.
2.
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MicroeconomicsCombination of two generic competitive advantages benefit more by price and
even greater benefit for lower price with the scope (size) of the business, defines
the four generic competitive strategies:
Leadership for lowest cost: Product or service cheaper than market;
Lead for differentiation: Unique products or services on the market;
Focusing on cost: Best price on a particular segment;
Focus on differentiation: Better product given segment.
Leadership total cost
Cost leadership strategy is to get a low cost in relation to competitors. The
lead costs can be achieved by approaches such as:
Economies of scale of production, the experience curve effect; Strict cost control; Minimization of costs in areas such as research and development, service
delivery, sales force or advertising.
One can cite as companies that adopt the strategy of low cost
Bic (pens), Gol(airline).
3.
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Microeconomics
Differentiation
Seeks to highlight your business in relation to competitors, in one or more
success factors that are valued by customers. Your reward for competitive
advantage created by differentiation, is able to charge more for their
products or services than its competitors
Fashion boutiques-Need to stand out in the following success factors:
Personalized service to customers;
Exclusivity and timeliness in product line;
Setting and location charming.
You find points that are value to customers and differentiate these aspects,
with excellent and different from competition. Example Company
Sony.
4.
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Focus on differentiation
You focus on a specific market segment, selecting a target audience and knowing it
intimately. When selecting the target segment the company seeks to apply the cost
leadership or differentiation. It is a positioning for a very specific niche. Examples of
companies: Ferrari, Jaguar.
Focus on strategy seeks to superiority in specialization, which can focus on a specific
niche market, high expertise and knowledge of the client, with much attention to it.
The expertise is valued.
Porter's generic competitive strategies.
5.
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Microeconomics
Conclusion
We understand then that companies need to develop different strategies to enjoy the
possibility of obtaining a "place in the sun". The competitive advantage of a
company's value arises that can create for its buyers that exceeds the cost andmanufacturing. Value is what buyers are willing to pay, other than cost, which is the
only financial value. Many companies develop their strategies only with references on
information obtained through previous experiences. The strategy of a company has to
be drawn with an eye to the future, in other words for future prospects, where the
company wants to be, how you want to reach and what need to do to get there. A
strategy is only competitive if compared to its competitors sustainability over a long
period of time. Has the lowest price that is differentiated.
6.
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Biography
http://www.slideshare.net/
7.
http://www.slideshare.net/http://www.slideshare.net/http://www.slideshare.net/ -
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