Using Porter’s Value Chain Analysis, describe which strategy you will be using and why. Cost Leadership, Competitive Differentiation, or a focused strategy? and
Topic is for opening a fast food restaurant in Ireland.
Using APA formatting and a minimum of five references, answer the following questions:
Using Porter’s Value Chain Analysis, describe which strategy you will be using and why.
Cost Leadership, Competitive Differentiation, or a focused strategy? (1-2 paragraphs).
This strategy selection process or classification is also referred to as Porter’s Generic Strategies.
Using Porter’s Five Forces, identify and describe at least one competitor, one threat of other new entrants, and one substitute product or service that could compete against your product or service (2-4 paragraphs).
Utilize any evidence that shows or predicts that there is or will be a basic demand for your product or service (2-3 paragraphs).
Describe any Cultural Forces that may hinder or help with the acceptance of your product or service (1-3 paragraphs).
Regarding your country’s GDP or any of the main variables commonly included in market-potential analyses, describe your site location’s market potential (3-6 paragraphs).