ADMS 1000 Lecture 5: week 5

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purplewoodchuck173

6 Jan 2012

School

York University

Department

Administrative Studies

Course

ADMS 1000

Professor

Eytan Lasry

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ADMS 1000 Full Course Notes

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Document Summary

One case with three questions (40 marks) 20 multiple choice/fill in the blank questions (40 marks) The external context of business: what are the different external (7) forces and how do they influence organizations, the canadian context. Textbook chapter 1 case: sam the record man. The economic context: the factors of production, types of economic systems, types of competition, economic indicators. The components of corporate governance: shareholders, board of directors, managers. The problem of agency (principal agent: what is it and why does it exist, solutions: aligning incentives through stock options & effective monitoring by independent board of directors. The stakeholder view of the firm: identifying primary and other stakeholders. Definition, pyramid of responsibilities: arguments for and against csr. Textbook chapter 8 (page 174-187) & the structure of corporations (case: malden. Industry lifecycle stages: emergence, growth, maturity, decline. Characteristics and key success factors and strategies for each stage.

Related Questions

Bookselling is an industry where product differentiation matters. Since books themselves are identical, retailers must concentrate on other things to attract and retain customers. In Youâve Got Mail differentiation factors include location, selection, service, and price, among others. In theory there should be room both for small and large book stores, but Fox Books wants to drive the smaller rival out of business.

Write an essay titled âCompetition Strategies in the Bookselling Industry.â Using your textbook and the movie excerpt, address the following questions in the essay:

a. Explain what type of market structure is presented in the movie. Explain the types of strategies Joe Fox and Kathleen Kelly use to compete and maintain market power. Differentiate between pricing and non-pricing strategies (use Chapter 7 in Stengelâs textbook). You can expand and talk about potential strategies in the bookselling business even if they were not explicitly addressed in the movie.

b. Explain the difference between the Industry (external) view and the Resource (internal) view of sustainable competitive advantage (use Chapter 10 in Froeb/McCann). Make sure you explain Porterâs Five Forces model and the resources and capabilities emphasized by the Resource Based View. Which of the two approaches in your view is more suitable for the analysis of the bookselling industry presented in the movie?

c. List the three basic strategies to generate superior market performance (use Chapter 10 in Froeb/McCann). Which of the three strategies would you recommend to Joe Fox and Kathleen Kelly?

peareagle788

Read the case: https://powerzymes.files.wordpress.com/2014/10/louis-vuitton.pdf

Answer at least two of the questions:

1. What are the key forces in the general and industry environments that affect LVMH's choice of strategy?

2. What is LVMH's corporate-level strategy? How does their corporate strategy influence the performance of LV? How does LV's performance compare to that of its competitors?

3. What are the challenges facing LV?

4. What are the options available to LV? As a senior manager at LV, what option would you recommend LV adopt?

olivemink328

Question 10

Which of the following conditions is most likely to cause fierce rivalry between competitors of an industry?

		Exit barriers in the industry are low
		Fixed costs in the industry are low
		Competitors are differentiated from each other
		Competition is based on the uniqueness of the industry's offerings
		The growth rate of demand for the industry's offerings is low

periwinkleduck471

ADMS 1000 Lecture 5: week 5

ADMS 1000 Full Course Notes

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