Course Learning Assessment #2 CLO #1 - Describe how goals, constraints, incentives, and market...

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Course Learning Assessment #2 CLO #1 - Describe how goals, constraints, incentives, and market rivalry affect economic decisions. CLO #2 - Analyze demand, supply, equilibrium prices, and price...

Course Learning Assessment #2

CLO #1 - Describe how goals, constraints, incentives, and market rivalry affect economic decisions.

CLO #2 - Analyze demand, supply, equilibrium prices, and price elasticities as a quantitative tool to forecast changes in revenues.

CLO #3 - Evaluate alternative ways of measuring the productivity of inputs and the role of the manager in the production process.

CLO #4 - Assess the economic trade-offs associated with obtaining inputs through spot exchange, contract, or vertical integration.

CLO #5 - Investigate the conditions under which a firm operates as perfectly competitive, monopolistically competitive, or a monopoly.

CLO #6 - Explain how beliefs and strategic interaction shape optimal decisions in oligopoly environments.

CLO #7 - Identify examples of networks and network externalities, and determine the number of connections possible in a star network with
n users.

CLO #8 - Evaluate and present the economic basis for limit pricing, and identify the conditions under which a firm can profit from such a strategy.

Analyze a competitive situation or industry practice in a 4 to 6 page, APA formatted written paper. You should choose a topic early on in this course. All papers must be strategy papers, meaning they must be about firms. However, there is a great deal of flexibility in the choice of topic.

Step 1

First, choose an industry, based on interest in the industry. Examples of industries range from advertising to zoos, and include digital watches, private jets, diapers, over-the-counter cold and flu formulas, photographic film, automobiles, airlines, football, romance novels, dating services, banana production, or pre-stressed concrete, computer printers, pagers, business schools, used cars sold over the web, movie theaters.

Step 2

Having chosen the industry, you will need a question or issue on which to focus. Such questions could be broad (What strategies are most likely to sustain profitability?) or narrow (Should firm X build a new plant? Where?). Good questions encourage you to think strategically, and thus should include the likely responses of rival firms to any hypothetical actions. Plan to include your question in the topic proposal. A different approach is to choose a story about the behavior of a firm from a newspaper or other source, and research this story. For example, the defense contractor Lockheed-Martin announced a friendly takeover of Northrop-Grumman, and then later dropped the plan after the Department of Justice filed an antitrust complaint. This story contains a dozen potential paper topics. How is the defense industry organized? Why did they want to merge? Why did the DOJ want to block the merger? Choose a topic in which you are interested rather than one that looks easy. Topics that look easy can be treacherous and unpleasant if they are boring.

Step 3

Develop your written response. An important aspect of business communication is the elimination of the extraneous. Supporting exhibits are not counted in the page total. Using a few well-chosen exhibits is a better strategy than many irrelevant exhibits. It is important to provide references for facts you rely on in the analysis. The paper's focus should be on analysis, with industry description provided to support that analysis. A common mistake is too much description, too little analysis. Do not choose a situation from a case reading from this or another class. Do not revise a paper you wrote for another course as a project without discussing it with me -- it would have to be a new paper to be approved. This project is intended for you to perform hands-on strategic analysis. If you were handed a project to analyze a strategic situation by the CEO of your company, what would you hand back?

Successful CLA #2s Include:

When you have collected a great deal of information and begun to rough out your topic, run through this list of tools and ensure that either they are used well, or aren't relevant.

● Five Forces

○ Entry barriers, rivalry usually, but not always, the most significant

● Complements

● Differentiation

○ Is one dimension enough?

● Cooperation

● Pricing

● Market segmentation

● Rivalry

● First mover advantages and disadvantages

Answered 3 days AfterApr 20, 2022

Ananya · Accepted Answer

Running Head: MANAGEMENT								1
MANAGEMENT										3
MANAGEMENT
Table of Contents
Introduction	3
The Global Diaper Business	3
Analysis of the Competitive Situation	4
Conclusion	6
References	7
Introduction
	A successful industry is based on several factors of its functioning strategically. An industry must be aware of its competitors in the market and apply strategic solution to maintain their position. Such strategies can be well understood through proper management techniques and can be utilised to analyse the strength and weakness of the industry and its rivals. In this paper, we will analyse the competitive situation of a diaper manufacturing industry which is presents at a huge number in the market. The question arises in such situation is that ‘in this highly competitive sector, how will the industry sustain with valuable profit?’. A proper analysis of the market, rivals, suppliers, and the profitability will help us to address the question.
The Global Diaper Business
	Diaper business is a huge global market with several industries in the sector. The global diaper market has reached a size of US$72.9 Billion in 2021 (businesswire, 2022). Looking at such high demand of the business, it can be well understood that the competition in this area is huge with the concern of sustaining in the industry. For retention in such industry and achieve a growth, a proper analysis must be performed before jumping into this sector. New techniques must be adopted by the industry to flourish in the sector. As supported by Al-Marri (2018), the decision-making strategy can be included in the diaper making industry to collect the ideas of all the stakeholders. This will help to get several unknown facts about the incidents related to the diaper industry and evolve the product accordingly. The market segments of demography, geography, behavioural and psychography is mandatory for consideration as this helps in the analysis of the competitive situation of the new firm in the industry.
Analysis of the Competitive Situation
	The goal of the diaper industry is to maintain its position in the high – end market by continuously developing their products and tracking the action of their rivals. Hiring a huge manpower is required which is done through the attractive offers in such industries through incentives. A company can hire providing a better incentive strategy than their rival industry which affects their economic decisions. As the research by Mubeen, Han, Abbas and Hussain (2020) supports the fact that the market competition creates an effect on the capital of a company. The profitability is depended on the supply and demand of the market which has included the adult diaper in the industry. Focusing on the hospital stay of adults, the industry has started creating adult diapers to sustain in the healthcare market. As supported by Bitencourt, Alves, and Santana (2018),

Course Learning Assessment #2 CLO #1 - Describe how goals, constraints, incentives, and market rivalry affect economic decisions. CLO #2 - Analyze demand, supply, equilibrium prices, and price...

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