Question

Review Michael Porter's Five Competitive Strategies in Chapter 5. Identify two companies that employ each of the strategies and cite the specific tactics/processes and strengths that the companies employ to implement their strategy. For example, Wal Mart uses a low-cost broad differentiation strategy to compete in its market. The have excellent supply-chain management capabilities and processes that ensure low cost products on their shelves.  

Answer 1

The following are the two companies that employ each of the strategies and cite the specific tactics/processes and strengths that the companies employ to implement their strategy:

1. Apple

2. Samsung

Apple:

Apple Inc. is an American Multinational Technology Company develops and sells on the electronics, software, online services etc.

1. The suitability helps the company to determine on the opportunity, as to increase on the market sustainability on identifying and creating different types of product and services, and to attract the customer to capture the market.
2. The feasibility which determines on the efforts of the employees towards their research and development, so that the company can increase in the production and development. The time and cost helps to analyze on the quality of the product and services.
3. The acceptability on Apple is only through its innovation, as where it attracted the customers with the implementation on the high end technology. The demand on the product and services has been increased through acceptability strategy.

Samsung:

Samsung is a successful electronic manufacturing company.

1. Provide high quality product and services to the customer.

2. The low price strategy is the main advantage of the company as that increased the consumption of the customers.

3. Increased brand image with innovation of the product and service.