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Review the material from Class 1 4 on Competitive Strategies. Use the attached FastTrack to analyze the competitive strategies of Andrews and Erie by answering
Review the material from Class on Competitive Strategies. Use the attached FastTrack to
analyze the competitive strategies of Andrews and Erie by answering the following questions.
Explain the reasons and justification for your answers using as evidence information from the
FastTrack.
a Which segments does the company have presence in How many products per
segment? points
b Examine the functional tactics for each product R&D performance, size,
MTBF age; Marketing price, promotion and sales budgets, percentage of
awareness and accessibility; Production cost structure as reflected in
contribution margin, labor cost and automation points
c Based on the functional tactics above, make a conclusion about the companys
competitive strategy for each product whether cost leadership or
differentiation points
d From your answer above, does the company have a single strategy for all of its
products? Does the company have a single strategy for all products in a
segment? How would you name the overall competitive strategy of the
company? points
Hint: you do not have to pick one of the six strategies explained in chapter You can make
up a name that describes what the company is doing, as it may not fit perfectly one of the six
competitive strategies.
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