In analyzing the data given in the first step, we try to evaluate which Men’s sport shirts would not be regarded as the company’s core competencies. The core competencies are regarded as those capabilities which to a business aid in giving it a competitive advantage. This commences with recognizing that competition between businesses zeroes in on market position and market power hence competencies which are essential are those which affect competitive advantage.
Analyzing these sizes of men’s sports shirts in relation to their prices, we find that the tall sizes could not fall under the core competencies. This is because analyzing the data provided below, the subclass price range in the tall sizes is relatively higher as compared to that of the regular sizes and besides the price acts as a determinant in finding the core competencies of the shirts. Pricing these regular shirts at a relatively lower price normally does provide an edge over the other tall sizes and we find the customers becoming more inclined to the regular sizes as compared to the larger ones.
In the second question, Pearson’s company could say that it has a competitive advantage when it comes to the price charges. Most consumers in many cases are usually overly concerned over the price which some products normally display in their commodity. In our illustration the key competence which the company may try to have an edge over their competitors is through pricing their products at a relatively lower price and thus is able to capture the market in an effective manner. In terms of the components lacking a competitive advantage, in this case maybe it would be prudent to quote that the large size sports shirts have a short shelf life since the other companies are not even pricing these commodities neither have they listed them when the competition among the companies arises.
After realizing that Thomas and Blake are running out of business is provides an opportunity but in terms of analyzing whether it provides an environmental opportunity depends on the behavior of the other companies which are left with the mandate of ensuring consistency and coordination of the various components which serve importantly to our company at the moment. Due to this the department might arrange themselves in a prudent manner and try to understand the new challenges which might now exist in the market while at the same time it would be important to appreciate the fact that more market has been provided by the withdrawal of Thomas & Blake. The withdrawal of Thomas and Blake results in the regular sizes department increasing as well as intensifying in size since now we realize that the market and clients who used to go to Thomas and Blake now become our customers and in just being able to price the products in a lower price is able to effectively lock out the other potential competitors.
