Project Deliverable 2

User Generated

yfrgreubirl517

Business Finance

Description

Project Deliverable 2: Innovation and Competitive Analysis

From the same case that you have chosen for Deliverable 1, you will advise the CEO on ways forward for the company. In addition, you will examine the competitive environment, and discuss frameworks for evaluating various strategies for the company.

Write a three to five (3-5) page paper in which you:

  • Use a framework of your choice (e.g., Porter’s Five Forces of Competition from the textbook) to perform a competitive analysis of the company’s industry. Support your response.
  • Select at least two (2) innovative and technology trends that the company or its competitors introduced. Next, examine the feasibility and expected market impact of the trends you selected. Provide a rationale for your response.
  • Assess the company’s situation (e.g., its capabilities, resources, etc.) regarding its recent development. Provide support for your response.
  • Give your opinion as to whether the company’s organizational structure supports or impedes its ability to innovate and be a successful company. Justify your answer.
  • Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Examine competitive analysis strategies through the use of frameworks.
  • Demonstrate an understanding of organizational structures by examining decision making approaches and developing the ability to implement business strategy.
  • Use technology and information resources to research issues related to business strategic management.
  • Write clearly and concisely about topics related to business strategic management using proper writing mechanics and technical style conventions.

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Explanation & Answer

Please find attached. Thank you.

Outline
I.

Introduction

II.

Conclusion

III.

References


Running head: INNOVATION AND COMPETITION ANALYSIS

Innovation and Competition Analysis
Name
Professor
Institution
Course
Date

1

INNOVATION AND COMPETITION ANALYSIS
Innovation and Competition Analysis
Competitive analysis (Porter's Five Forces)


Bargaining power of buyers
The bargaining power of buyers is high because individual readers of the newspapers can

choose to read the content of the newspapers online where it is free instead of buying the newspaper.
On the other hand, the advertisers with this newspaper especially the large advertisers also have a high
bargaining power because other outlets to advertise their products/services are readily available
(Hang, 2016).


Bargaining power of suppliers
The bargaining power of suppliers in this industry is quite low because the inputs used in the

production of news are similar and hence it is easy to mix and match the inputs hence positively
impacting NYTC. On the other hand, since suppliers highly rely on high volume hence giving
suppliers a low or limited bargaining power especially if a producer decides to reduce the volume
which will adversely affect the profits of the suppliers (Greco, 2014).


Intensity of existing rivalry
The intensity of rivalry among the competitors in this industry is very high, especially where

there exist many different companies that focus on both print news and digital content. Despite this
inten...


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