Spend a little time analyzing the industry in which 10x Genomics operates in. After analyzing the industry,
Question:
Spend a little time analyzing the industry in which 10x Genomics operates in. After analyzing the industry, now assess the strengths and weaknesses of the company's strategic position.
1. Who are their competitors? Think broadly and critically, encapsulating all of the different types of competitors that the company can encounter. List 2-3 competitors, they must include competitors in at least two of the three categories (direct, indirect, or replacement).
2. What criteria are you using to identify these firms? (eg, geography, services, products, etc.)
3. How would you describe the relationship between 10x Genomics and the competitors that you have identified (for instance, startup v. incumbent; battle among equals; niche players competing in emerging market; other?)? Justify your description.
4. Do you see any strategic vulnerabilities in the market position of 10x Genomics?
5. If you were to start a competitor to 10x Genomics, how would you start? This is a deliberately open-ended framing of this question. To answer, think about competition broadly and how you would envision, position, and build an effective competitor.
PS: Include references
Operations management in the supply chain decisions and cases
ISBN: 978-0077835439
7th edition
Authors: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein