Introduction to Strategic Management

 Discussion one response

In the scenario of purchasing a copier, it is true to say there are a variety of commodities but there are those commodities that compete so closely with each other. The choice of choosing one is based on several things. This means that at first it has to meet specific criteria. This includes the benefits one can derive from the commodity (Pearce & Robinson, 2013). By choosing Hendrix the efficiency of the product has to be paramount. The decision to pick it had to meet what my co-workers needed and I needed.  This means that a lot of work can be done with minimal time. The quality of Canon copier was at a higher notch. This places quality over quantity. This type of a copier is cost effective given it possible life, its efficiency and its quality (Pearce & Robinson, 2013).

It is arguable to say that there are elements that were not present in Toshiba copiers. Having used the brand for a long time there those factors that make one go back for the same product. For example the customer service care (Pearce & Robinson, 2013). Technocom service is characterized by a slow response compared to that of Canon copier. Due to the slow response, it led to the termination of the contract because the efficiency of office work has to be placed first. Due to the inefficiency of its customer care to assists in case of any problem, there were proposals made. This was meant to make the company increase the efficiency of its product and meeting the cost. This was supposed to lower the cost and increasing its efficiency. This was due to the competition. Since it was difficult to increase efficiency and lower the cost at the same time the auction had to be driven out and that is why the option of picking Canon copier was derived (Pearce & Robinson, 2013).  

 

Discussion two response

Competition affects our daily lives in various ways. This is as a result of various tastes and preference that are possessed by different individuals. This has played a great role. Different companies tend to capture the attention of many individuals as possible through their products. The demand for products affects the market and this results in different prices. Consumers compare the benefits and the cost associated with the product (Estache, 2011).

In the institution that I serve, it is faced with the competition since there are other colleges that offer the same as to what our institution offers (Pearce and Robinson, 2016). For it to have sustained a competitive advantage over the rest the cost of offering the programs has to be reduced. In order to produce diesel technicians who are well equipped, it means there should be quality and efficiency. Going by the general rule of thumb consumers are willing to pay more for quality than quantity. This means that even with lowering the prices quality must not be compromised (Estache, 2011).

It is true to say when purchasing a motorcycle there must be several factors that underlie the decision made. Its cost, performance and fuel consumption are a crucial item to consider. For instance, fuel prices are subject to demand, the more the demand the more the competition (Pearce & Robinson, 2013). As a result of this competition, there are better services offered at the gas stations. In order to attract a wider customer base, there are those programs that reward customer loyalty that are launched. The decision to purchase a motorcycle was based on various reasons. The issue of cost had to be a priority. This involves checking the prices of different dealers before purchasing.

Reference

Pearce, J. A., & Robinson, R. B. (2015). Strategic management: Planning for domestic & global competition.  New York: McGraw-Hill/Irwin

Estache, A. (2011). Emerging issues in competition, collusion, and regulation of network industries. London: Centre for Economic Policy Research.