Question: Please answer these questions based on a Glo-Bus simulation camera company. These responses need not belong; they only need to be correct. If you need
Please answer these questions based on a Glo-Bus simulation camera company. These responses need not belong; they only need to be correct. If you need to make assumptions because the simulation does not provide all the data you need, just tell me what your assumptions are.
- Develop a vision, mission statement, at least one strategic objective and one financial objective for your company. Also, describe your business model in terms of the value proposition and profit formula.
- Which one of the five basic competitive strategies best characterizes your digital camera companys strategic approach to competing successfully? Discuss how you are implementing that strategy.
- Evaluate the external environment your company is facing using the Porter Five Forces Model. Also describe the industry driving forces and what actions your company has or should consider to combat any negative impacts from one or other of the driving forces.
- Decide on some strategic moves your company might consider based on a competitive strength assessment matrix you construct comparing your company to two other companies in the simulation.
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