It is analogous to taking a journey with many participants to a destination. The journey in this case is the process and the destination a comprehensive business plan.
Focus Eyeglasses Case Solution 1. Therefore, the uniqueness of the product and its superior quality allows the companies to bargain with their customers. While the customer is facing a low switching cost, which is unfavorable for the industry but can overcome this disadvantage by producing unique products.
Whereas, the customer is price sensitive, which is unfavorable for the industry since, the customer can switch towards a low cost product. Finally, it can be concluded that the bargaining power of buyers is low and that is very good for the industry.
Since, this indicates an ideal position for doing a more profitable business. Moreover, this is a big threat for the industry.
In addition, these substitutes are also showing better performance which makes them more harmful for the industry. These substitutes include Laser Surgery, contact lenses etc. Nevertheless, substitution is a deadly threat for the industry and the industry has to overcome it by any means.
Moreover, the product that the competitors are supplying is almost similar with minimal or no differences. This factor is highly unfavorable for the industry; since due to these factors, the competition has been shifted from differentiation to price.
Furthermore, because of the high competition the customer is facing a low switching cost which is also harmful for the industry. Finally, the customer is not loyal to the industry members.
Since, the customer is willing to purchase better quality in low cost. Finally, it can conclude that the optical industry is an average arena for business since, the suppliers and buyers of the industry have a low power to bargain with the industry players.
Moreover, the competition and threat of substitute is high and the threat of new entrant is low. This is because adjustable eyeglasses are a new phenomena in the market. Therefore, it is not supposed to be a settled industry. While all the factors of the optical industry will almost fit towards that industry.
Moreover, the analyst has discussed it in detail along with the competitive advantages. Furthermore, the analyst has also discussed the overall competitive business strategy.
However, the idea is new towards the market and the industry is not yet developed like other industries. Moreover, in USA there are several products like auto focus eyeglass or adjustable focus eye glass etc.
Will work completely on this specific product and try to enter in related products over the passage of time………………. This is just a sample partial work. Please place the order on the website to get your own originally done case solution Related Case Solutions:Case studies are a great way to tell the world how valuable your products or services are by showing real-life examples of how you were able to satisfy your customer's needs and help them accomplish your goals.
Read more on how to make a great case study. Well, technically, a business case is a lot like a business plan.
For instance, let’s say that you have been assigned a particular project at your office or business. Before you actually start working on the project, you need to have a case template ready with you.
Sep 18, · A business case provides justification for a proposed business change or plan, and typically outlines the allocation of capital and resources required to implement the proposed business initiativeblog.com: K. Business case studies can have a massive impact on your marketing, done right..
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Plan A business case lessons Plan A was developed in late to help us shift from a largely compliance-based approach to corporate social responsibility (CSR), which focused on maintaining the business status quo, to a new mindset that embraced the broader sustainability challenge and the need to radically improve the environmental and social aspects of.