Luck Co. Case Study
Mngt 393 1. Physical Environment Segment. I would have to say neutral effect on industry because even though the resources this industry excavates is positive for the industry, scouting locations, availability of resources and diminished resources offset those positives. Also important but NOT the most important would be Economic (Neutral) and Demographic (positive). 2. Most influential of 5 forces would be Rivalry among competing firms (High) and Threat of Substitute Products (moderate). The industry Luck Company operates is composed of a few big players who compete against each other. Substitutes of stone/rock would be a threat to the industry, depending on what building materials are needed there are …show more content…
V- High value for company and customers (sustainable)
R- Rare but not obsolete (parody producing)
I – Costly to imitate. Hard to copy economies of scale (sustainable)
N – NOT – non-substitutable, there are industry substitutes d. Human Resources
V – High Value for customers (sustainable)
R – Rare – Luck’s Human Resources are leader in industry (sustainable)
I – able to imitate but at high price. Years of core value training has developed excellent HR skills throughout company (sustainable)
N – Non-substitutable. Customer care and follow up care are not substitutable. (Sustainable)
8. Current Strategies- Business Level strategy is differentiation – Luck Companies is the industry leader in logistics and excellent customer service. Competitors focus on cost leadership strategy.
Corporate level – Luck focuses on value training and up keeping their core values that give them a competitive advantage. Cooperative strategy- Luck has acquired formerly known Lee Tennis Court and changed the name to Har-Tru.