As a business investment, you are planning to open several donut shops throughout the city of...

70.2K

Verified Solution

Question

General Management

As a business investment, you are planning to open several donutshops throughout the city of Riyadh, with potential futu.reexpansion plans in other city areas in Saudi Arabia includingJeddah, Dammam, Khobar and Al Hofuf. Your initial plan will offer awide variety of donuts and assorted beverages (coffee, tea, juices,etc.) Currently, the only competitors you will face in the abovementioned locations are two global organizations, with no localcompetitors in the market for those locations. Realizing that thecurrent customer market may well support a local business that cansuccessfully compete in those targeted cities, you begin to build abusiness plan.
1. :Consider each of these principles as they relate to yourproposed business. Who are your direct competitors and how can youcompete against them? (use Porter’s Grand Competitive model todefine your strategy)
2.How can you maintain leverage over both your suppliers? Howcan you maintain your customer base?

Answer & Explanation Solved by verified expert

4.4 Ratings (838 Votes)

Answer 1The direct competetiors are local donut shops and the two global organizations in the same line of business As per Porters Grand Competetive model there are two things to be done to gain a See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member