Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Discuss which generic business-level strategy is best suited to keep the company you selected competitive.

Here is what they posted to the question:

The generic strategy that Nike falls into is the differentiation strategy. This is evident as people will pay more for their shoes, as they are what they want (Saylor Foundation, 2016, pg. 149, para. 1). This is the best strategy for Nike. While they might not sell the most amount of shoe, they make a decent profit off each pair of shoes sold. Nike can maintain their position in the premium shoe market and has marketed a highly efficient brand. This also allows Nike to take certain lines and sell them for even more money. In some cases, Nike can re-release vintage for hundreds of dollars and sell out in a few hours. This strategy has worked for Nike and kept them highly competitive. Although they tend to have slightly higher prices than other companies, Nike has established a dedicated customer base that will buy their shoes regardless of price.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93123519

Have any Question?


Related Questions in Operation Management

The internet has really changed the channels of

The Internet has really changed the channels of distribution for many companies. For example: Amazon.com now handles the online business of Circuit City, Target, etc. Amazon gets a commission for each sale online. This f ...

Assignmentearly in its history jetblue achieved a

Assignment Early in its history JetBlue achieved a competitive advantage based on value innovation. In particular, JetBlue was able to drive up perceived costumer value while lowering costs. This allowed it to carve out ...

Explain why people who own a small business may not enjoy

Explain why people who own a small business may not enjoy pure independence. By the late 1990s, those employees were aging rapidly and the core membership needed to be increased. NCRCC offers two golf courses. One is an ...

Part iii riskhrmarketingfuture goalsfor part iii you are

Part III: Risk/HR/Marketing/Future Goals For Part III, you are to provide a continuous Table of Contents using the headings below. Discuss each area this week as part of your Physician Practice Business Plan: USE THESE H ...

Ldquoinnovation is change that adds potential valuerdquo

“Innovation is change that adds potential value”. Discuss this statement drawing on the ‘Dimensions’ component of the Innovation Management (IM) Framework. In your answer discuss the aspects of innovative leadership that ...

Yiran hu joined your social networking start-up in 2014

Yiran Hu joined your social networking start-up in 2014, immediately after graduating from Drexel University. She turned down better-paying consulting and investment banking opportunities to get in on the ground floor of ...

Preventing job withdrawalpreventing highly valuable

Preventing Job Withdrawal Preventing highly valuable employees from leaving is an important strategy that cannot be ignored. It is not only the cost of losing these employees but also the loss of essential knowledge and ...

You are a manager of a new high-end retail store your

You are a manager of a new high-end retail store. Your company’s business strategy is to provide high-quality customer service and to provide high-quality products. You are not the cheapest store in town, but you expect ...

Some marketers feel that the image of the particular

Some marketers feel that the image of the particular channel in which they sell their products does not matter—all that matters is that the right customers shop there and the product is displayed in the right way. Others ...

A a cook is preparing vegetables to put into a soup there

A. A cook is preparing vegetables to put into a soup. There are three tasks: She requires 5 minutes to cut up the carrots, 10 minutes to chop the onions, and 3 minutes to cut up the parsnips in order to fulfill the requi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As