Question: Using Exhibit 6 . 2 ( as shown below ) choose ONE of the four strategic positions. Write your case showing how a sensor industry
Using Exhibit as shown below choose ONE of the four strategic positions.
Write your case showing how a sensor industry manufacturer would meet that strategy through company decisions.
WRITING SECTIONS
Introduction Overview the purpose of this analysis and the strategic position you are evaluating.
Product Selection & Target Markets
Name the specific customer segments your company would target using this strategy? Marketing
Explain why these customer segments would be appropriate?
Research & Development
Explain how research & development would be used to strategically position your products?
Be sure to overview how R&D decisions should impact the product's performance, size, age & MTBF
How would this strategy impact a company's expenditures for Research & Development?
Marketing
Explain how your company should price its products for this strategy?
Address how competitive product prices could impact pricing decisions.
Explain how your company should set its Promotion & Sales budgets based on the strategy?
Could competitive spending impact this?
Production
Explain how your company's strategy would shape production decisions such as:
Buying & selling capacity
Increasing Automation
Using a first shift only; or a first & second shift production strategy?
Explain what carryover of inventory onhand would be desirable?
Conclusion
Describe your appetite for risk if you were running this company in real life?
What decisions would you consider riskier versus more conservative?
Based on the industry dynamics & the decision choices available, what are the pros & cons of following this strategy?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
