1 answer

Answer in detailed : ROLEX Watches targets smaller segments and niche customers rather than the entire...

Question:

answer in detailed :

  1. ROLEX Watches targets smaller segments and niche customers rather than the entire market. What is the competitive strategy that ROLEX Watches follows?

What other companies follow this strategy?

  1. What influential factors do we take into account when discussing external analysis of organizational strategy?
    1. What do they represent? (10 pts.).

Answers

1. What is the competitive strategy that ROLEX Watches follows?

The competitive strategy that we can see ROLEX following is the differential strategy on the base of class and quality. By charging extremely high prices, the company provides premium and luxury watches to people for the differential feeling of class and quality.

2. What other companies follow this strategy?

Many other companies like Apple and Ferrari follow the same strategy. Apple again, offers its products at a price higher than the alternatives being offered in the market but again, premium, class and quality is being delivered with the same products.

3.

What influential factors do we take into account when discussing external analysis of organizational strategy?

The influential factors that we take into account while developing or analysing the organisational strategy would be the MACRO or external elements of the market. These are the economic factors, competitiors, customers, law and the social factors which would decide how effective is the organisational strategy is working in the dynamic environment.

4. What do they represent?

The represent the hold these factors have on the organisational strategy that you are using. They represent the external dynamic factors that are not in the hands or control of anyone that coul affect both your organisation's performance and strategy in the market place. For example, your differential strategy could work great by analysing there is a demand for high quality goods that are not being offered by anyone in the competition.

.

Similar Solved Questions

1 answer
Q2. The following circuit is taken from an assembly plant. The actuator moves a robotic arm...
Q2. The following circuit is taken from an assembly plant. The actuator moves a robotic arm at 220 psi. There is a bypass type needle valve to control the flow and operates with bias spring resistance of 130 psi. The robotic arm can be moved at a speed of 9.63 ft/min. Answer the following [Total mar...
1 answer
Project Z has an initial cost of $59,518, and its expected net cash inflows are $16,750...
Project Z has an initial cost of $59,518, and its expected net cash inflows are $16,750 per year for 7 years. The firm has a WACC of 14 percent, and Project Z’s risk would be similar to that of the firm’s existing assets. Calculate the net present value (NPV) of Project Z. a. $12,31...
1 answer
An aqueous solution at 25 °C is 10.8% HNO3 by mass and has a density of...
An aqueous solution at 25 °C is 10.8% HNO3 by mass and has a density of 1.044 g/mL. What is the pH?...
1 answer
8. (3 points) In an ARM computer, r2 contains a value of-4263 in decimal while r3...
8. (3 points) In an ARM computer, r2 contains a value of-4263 in decimal while r3 contains a value of 6284 in decimal. What is the binary value of r1 after this instruction is executed? BIC rl, r2, r3...
1 answer
Discuss the importance of the performance management process in the achievement of a company’s strategic goals....
Discuss the importance of the performance management process in the achievement of a company’s strategic goals. (8 marks)   Elaborate on how you would utilize the process to improve productivity? ( 12 marks) Total (20 marks)...
1 answer
Use this information to answer the question below: The "spot rate" (current exchange rate) is Z2.01/$...
Use this information to answer the question below: The "spot rate" (current exchange rate) is Z2.01/$ The one-year forward rate is Z2.03/$ The annual risk-free borrowing/investing rate in the U.S. is 2.92% The annual risk-free borrowing/investing rate in Country Z is 5.91% In one round of ...
1 answer
What is the surface area of the solid created by revolving #f(x)=xsqrt(x-1)# for #x in [2,3]# around the x-axis?
What is the surface area of the solid created by revolving #f(x)=xsqrt(x-1)# for #x in [2,3]# around the x-axis?...
1 answer
Which child is demonstrating characteristics of secure attachment? a. Chase, who makes positive social contact with...
Which child is demonstrating characteristics of secure attachment? a. Chase, who makes positive social contact with his mother after she re-enters the room b. Jennifer, who ignores her father while sitting in a corner c. Amanda, who refuses to let go of her father when he attempts to ...
1 answer
Height of the Instrument Slope Distance Vertical Distance Height of the Building From Zenith Angle (DMS)...
Height of the Instrument Slope Distance Vertical Distance Height of the Building From Zenith Angle (DMS) To (ft) (in) (ft) (ft) (Ft) STN 8 156.409 62°51'34" STN 2 8 157.925 63'55'47" STN 3 8 233.255 72°20'20" STN 4 8 590.461 82°59'06" STN 5 8 78.827 76...
1 answer
The shaft shown is made of AISI 1040 CD steel. It is machine finished and is...
The shaft shown is made of AISI 1040 CD steel. It is machine finished and is subjected to a repeated bending stress of 15ksi. The diameter at the shoulder is 1.3in and will be used at a temperature of 400F. Estimate: (a) The endurance limit at 95% reliability 10 Points (b) Endurance strength at 105 ...
1 answer
Why the excitement about gravitational waves? They confirm the correctness of the formulae, fine. But its...
Why the excitement about gravitational waves? They confirm the correctness of the formulae, fine. But its the formulae that allow us to ask Qs, and we have the formulae already. What additional possibilities has their empirical confirmation provided?...
1 answer
Homework (Ch 01) Back to Assignment Attempts: Average: I2 1. Study Questions #1. Ch 1. Which...
Homework (Ch 01) Back to Assignment Attempts: Average: I2 1. Study Questions #1. Ch 1. Which of the following factors explain why the world's trading nations have become increasingly interdependent, from an economic and political viewpoint, during the post-World War II era? Check all that apply....
1 answer
Problem 1. (10 pts) Consider the electrophilic reaction of Clt with CIF: CIF + Cl →...
Problem 1. (10 pts) Consider the electrophilic reaction of Clt with CIF: CIF + Cl → Cl2F+ (a) Draw the MO diagram for the diatomic molecule CIF. (b) Draw the HOMO and LUMO for CIF (c) For an electrophilic attack, which orbital is more important for dictating the reactivity of CIF: the HOMO or t...
1 answer
(d) The following is an extract from the national income data of a country in 2020....
(d) The following is an extract from the national income data of a country in 2020. Study the extract and answer the questions that follow: The agricultural sector in 2020 produced foodstuffs, livestock, coffee and groundnuts worth GHȼ 1,151 million. Manufacturing, construction, mining, water a...
1 answer
Edit A B D E F G Hatch Fly fishing Company wants to buy a fleet...
Edit A B D E F G Hatch Fly fishing Company wants to buy a fleet of 10 fishing rafts from Rocky Mountain Rafts. Rocky Mountain Rafts agrees to sell the rafts to Hatch in exchange for $3,500 cash and a $25,000 note that would be payable in monthly installments for 15 months. The rate of interest on th...
1 answer
The recent recession that began in December 2007 resulted in dedining Incomes as some people lost...
The recent recession that began in December 2007 resulted in dedining Incomes as some people lost the jobs and others were forced to work fewer hours or have their wages reduced How did this affect the market for casual dining? In the figure to the right show how the recent recessionely affected the...
1 answer
A physics book slides off a horizontal tabletop with a speed of 3.5 m/s. It strikes...
A physics book slides off a horizontal tabletop with a speed of 3.5 m/s. It strikes the floor in 0.350 s. Ignore air resistance. Use g = 10 m/s2. Find: a. The horizontal and vertical components of the velocity when the book leaves the table. (2 pts.) b. The height of the tabletop above the floor (ho...