MGMT 670- STRATEGIC MANAGEMENT Assignment Example | Topics and Well Written Essays - 250 words

MGMT 670- STRATEGIC MANAGEMENT - Assignment Example The possession of a very strong brand name as well as image, which will boost the company’s growth and the reach to the customers. The establishment of a very good supply chain management capability, which will help the smooth inflow and outflow of the retail products along with good customer service. The presence of a very good and attractive customer base and a global presence through a wide global network, that is ready to buy the products available in the retail outlet. The possession of the capabilities and also the competencies by the organic foods retail outlet, which very well matches the key success factors of the industry. The five competitive forces that are the weakest in the Organic foods retail industry are: Product differentiation from those of the rivals. There is no need for the possession of superior technological skills amongst the different competing organic food retail outlets, since they are not in the process of manufacturing products but are involved on ly in the selling of the finished products. Joint ventures with the other firms for possession of superior technology is not required in this case, since the organic food retailers only requires good marketing and advertising skills that are needed for selling the product.