This article discusses whether Passaiacaqua’s should buy the East side meats building and the advantages of doing so. It also talks about the premium wine market and whether Sandland’s has a competitive advantage in it.
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Business1 Integrated Business Experience By (Name) Name of the Course Title of the Instructor Institutional Affiliation City and Date The final date of Submission
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Business2 Should the passaiacaqua’sbuy the East side meats building? It is always of much importance to ensure that quite a number of goals attached to any given business are attained within the right time through the use of quite a number of appropriate and reliable means (Bocken et al. 2016). Moreover, all these means should be capable of strictly operating within the demarcated conditions that tend to surround different types of ethical considerations. As a result of this, there is the need for Passaiacaqua’s to but the east side meat building in order to ensure that different strategies that were well stipulated at the initial point are well addressed without facing quite a number of barriers that at some point tend to make quite a number of operations to be somehow difficult (Macdonald, Kleinaltenkamp and Wilson 2016) Buying the east side meat building is another issue all together that will ensure that the whole business is diverse in terms of quite a number of operations at the same time different types of customers will be adequately served according to all their expectations and preference in relation to quite a number of products and services that they expect to be Moreover, buying of the meats building will also contribute towards making passaiacaqua’s to gain much popularity in terms of how it is capable of different types of business services thus providing one of the easiest time to scale up towards the positive direction (Demil et al. 2015). At the same time, acquiring of the east side meat building is a clear indication that quite a number of services will be strategically located thus making it much easier to reach out to different customers without struggling much to locate the areas where they are situated. Is the premium wine market an attractive market? Implementing an attractive market is one of the best techniques that most businesses are looking forward to carry out in this modern world (Ranjan and Read 2016). This is mainly because once the attractive market is adequately acquired through the use of different forms of relevant ways,
Business3 then it will be much easier to reach out to various customers by providing them with quality products and services thus scaling up the entire sales that is being carried out by the whole business (Wang, Xiang and Fesenmaier 2016). As far as the case study is concerned, the premium wine market tends to show quite a number of characteristics about various types of issues and operations that are capable of taking place within the whole market platform. As a result of this, the premium wine market appears to be a very attractive market due to various issues that have been highlighted in it and are also known to be attached to the market (Henry, Foss and Ahl 2016). One of the first things that make the premium wine market to be attractive is the presence of various types of wine drinkers across different localities. All the consumer segments that have been able to make the premium wine market to be an attractive market tend to have their own perceptions regarding various types of wines and as a result of this, they are able to maintain a strong bond when it comes to drinking wine thereby making the entire market to be very efficient and reliable (Lieder and Rashid 2016). On the other hand, the good profits that are made as a results of various sales within the premium wine market tend to provide one of the most valuable advantages to different types of businesses that have put much focus in the wine sales, this therefore makes the entire market to be very attractive since the chances of incurring serious losses are very minimal thereby providing one of the best opportunities to several businesses for them to adequately move to the next stage and be able to carry out different operations at the advanced stages in order to obtain quite a number of positive outcomes (Meyer and Peng 2016). By saying that a market is attractive, this is a word that means different conditions most so in the business world and is always capable of coming up with its own advantages. Premium market being an attractive market is capable of developing the tendency of capturing the attention of different types of businesses that are likely to be interested
Business4 in venturing in the wine sales. This likely to increase the economic status of the market through the efficient sales of the wine products that will majorly be directed towards a specific towards a specific segment of customers irrespective of where they are located. Right before buying the east meats building, there is the need to make appropriate decisions specifically by carrying out consultations with different groups with the major ones being the employees together with the stakeholders. As a result of this, the chances of picking on the wrong option will be very minimal thereby making sure that a good percentage of reasonable goals are well addressed by minimizing the occurrence of any barrier related conditions both at the internal level of the business and also at the external environment(Lee and Coughlin 2015). Does Sandland’s have a competitive advantage in the premium wine market? Creating a competitive advantage within a business is a technique that should be learned by the management team by giving it one of the best priorities and time as much as possible. A competitive advantage is a clear indication of how a business is much focused towards moving to the right direction thus implementing a reliable environment through which all the objectives that were attached to the business can be appropriately obtained without bringing any disturbances and confusion. In order for a business to bring a competitive advantage to the market, it needs to ensure that different types of achievements are attained right from the internal part up to the very external part where the targeted consumer segments are well situated. In relation to what is covered within the case study, Sandland appears to be having an attractive business that has even gone further to make it develop a competitive advantage in the wine premium market (Lusch 2011). By saying that it has a competitive advantage in the premium wine market this clearly means that the organization is capable of offering a stiff competition to several other businesses that are likely to emerge in the whole market platform with an intention of providing nearly the
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Business5 same products and services to a specific group of consumer segments (Neuhofer, Buhalis and Ladkin 2014). As a result of this, Sandland can therefore be said to be having a competitive advantage in the premium wine market due to various factors. One of the major factors is that it is an organization that is trying to work hard towards the direction of being diverse, talking about its products, the business offers wines of different sizes thus making it much easier to provide an opportunity to the consumer segments for them to choose on the best price that they feel can best meet their needs. Interestingly, all the wine sizes tend to have different prices thus making sure that each and every personality across the whole consumer segment is well covered without involving any issues that are related to discrimination (Terjesen and Hessels 2016). On the other hand, the competitive advantage of Sandland’s by it being average in terms of the prices attached to all its wine products. This further gives it an added advantage of attracting the attention of quite a number of individuals within its targeted market segments thereby enabling it to offer a stiff completion to several businesses that are likely to emerge either in the current situation or even in the coming future due to the change that is taking place within various business conditions. They high quality wines gives Sandland’s a competitive advantage by making it to distinguish itself from the rest of the other businesses to a greater position where it can always be viewed to be unique business that is much concerned with the kind of products and services that are being directed towards the side of the consumer segments. For Sandland’s to have a competitive advantage, this clearly shows that all its management team are capable of developing some of the most appropriate management strategies and at the same time being able to work closely with each and every employee. This looks like a pillar strategy that is fully determined to push the entire business to a position where it can be recognized be it at the local, national or even at the international level.
Business6 In conclusion, it is now clear that developing of appropriate strategies that are suitable to operate within a given market is a crucial issue that each and every business should be able to develop since it is known to have the opportunity of providing a reasonable opportunity to a business for it to evaluate whether a given market is an attractive market that is capable of providing each and every requirement that is needed within a particular business. Moreover, implementing different types of competitive advantage strategies is an issue that has never taken any business to a loss but instead, it only acts as a stepping stone that can be used to gear up to the next level.
Business7 References Bocken, N.M., de Pauw, I., Bakker, C. and van der Grinten, B., 2016. Product design and business model strategies for a circular economy.Journal of Industrial and Production Engineering,33(5), pp.308-320. Demil, B., Lecocq, X., Ricart, J.E. and Zott, C., 2015. Introduction to the SEJ special issue on business models: business models within the domain of strategic entrepreneurship.Strategic Entrepreneurship Journal,9(1), pp.1-11. Henry, C., Foss, L. and Ahl, H., 2016. Gender and entrepreneurship research: A review of methodological approaches.International Small Business Journal,34(3), pp.217-241. Lee, C. and Coughlin, J.F., 2015. Perspective: Older adults' adoption of technology: an integrated approach to identifying determinants and barriers.Journal of Product Innovation Management,32(5), pp.747-759. Lieder, M. and Rashid, A., 2016. Towards circular economy implementation: a comprehensive review in context of manufacturing industry.Journal of cleaner production,115, pp.36-51. Lusch, R.F., 2011. Reframing supply chain management: a service‐dominant logic perspective. Journal of supply chain management,47(1), pp.14-18. Macdonald, E.K., Kleinaltenkamp, M. and Wilson, H.N., 2016. How business customers judge solutions: Solution quality and value in use.Journal of Marketing,80(3), pp.96-120. Meyer, K.E. and Peng, M.W., 2016. Theoretical foundations of emerging economy business research.Journal of International Business Studies,47(1), pp.3-22.
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Business8 Neuhofer, B., Buhalis, D. and Ladkin, A., 2014. A typology of technology‐enhanced tourism experiences.International Journal of Tourism Research,16(4), pp.340-350. Ranjan, K.R. and Read, S., 2016. Value co-creation: concept and measurement.Journal of the Academy of Marketing Science,44(3), pp.290-315. Terjesen, S., Hessels, J. and Li, D., 2016. Comparative international entrepreneurship: A review and research agenda.Journal of Management,42(1), pp.299-344. Wang, D., Xiang, Z. and Fesenmaier, D.R., 2016. Smartphone use in everyday life and travel. Journal of travel research,55(1), pp.52-63.