What are the strategic groups in the Chain Saw Industry?
1. Draw a strategic group map, identify the strategic groups within the industry, and label them.
2. Write a brief paragraph describing each strategic group--who are the players in each group, and what is the collective strategy that each individual group is following?
· create a strategy group map, explain/describe each strategy in different paragraphs
1. Find the group first, draw a diagram. Not exactly 2 groups (most important because grade is based on if the groups are correct. For example: CK and LV should not be in one group)
2. Then figure out the axis (not as important as the groups)
3. Explain: Group 1 follow XXX strategy. List some of the players/companies in group 1 and explain a little bit (For example, Nordstrom focus a lot in customers satisfaction)
4. Explain: Group 2 follow…
5. …
Group map/diagram examples: