Question #2 - Porter's Competitive Strategies (10 marks)
Out of the five strategies that Porter outlines as a response to the
competitive forces, pick two that Nod Nocturnal Security Service could
explore to counter the threats. Identify the strategies, explain how the
company could use their MIS technology to improve their competitive
position, and connect the strategies to the competitive force threats that
they may counter. (5 each, 10 marks total)
Answer :
Strategies that Nod Nocturnal Security Service could explore to counter the
threats are Cost leadership strategy and Customer orientation strategy:
Company could use its MIS technology to improve its competitive position by
developing a unique selling proposition that differentiates its services from those
of its competitors. Additionally, the company could use its MIS technology to
focus on a specific market segment or niche, which would allow it to better meet
the needs of its target customers. These strategies would counter the competitive
forces of rivalry and new entrants.
1. Cost leadership strategy
Out of the five strategies that Porter outlines as a response to the
competitive forces, pick two that Nod Nocturnal Security Service could
explore to counter the threats. Identify the strategies, explain how the
company could use their MIS technology to improve their competitive
position, and connect the strategies to the competitive force threats that
they may counter. (5 each, 10 marks total)
Answer :
Strategies that Nod Nocturnal Security Service could explore to counter the
threats are Cost leadership strategy and Customer orientation strategy:
Company could use its MIS technology to improve its competitive position by
developing a unique selling proposition that differentiates its services from those
of its competitors. Additionally, the company could use its MIS technology to
focus on a specific market segment or niche, which would allow it to better meet
the needs of its target customers. These strategies would counter the competitive
forces of rivalry and new entrants.
1. Cost leadership strategy
