Slow Cycle and Fast Cycle Markets: For better understanding of Slow Cycle and Fast Cycle Markets assignment help we have selected the Toyota Motors. The most significant competitor of Ford Motor Corporation is considered as Toyota Motors.
The most significant competitors depend upon the market condition and market cycle. The market cycle is divided into three parts that slow cycle markets, fast cycle markets and standard cycle market. If the market is slow cycle, then most significant competitor would be different from the fast cycle market. There are some reasons of strategic alliances found in the slow cycle markets.
These reasons include increase in the access to restricted market, foundation of a new franchise in a new market and maintain market stability etc. At the same time our marketing assignment help experts says that, in slow cycle market, Ford can take one type of competitive advantage from Toyota Motors that is proprietary leads. This competitive advantage can be attained by the company by understanding copyrights, geography, patents, and ownership of IT resources. Thus, the company can lead its proprietary to gain competitive advantage. It would be more efficient to Ford to lead in the US market and auto industry.
This competitive advantage is oriented to protect, maintain, and extend the other advantages exist in the market, if once this competitive advantage is developed. During slow cycle time, the company can return towards competitive actions by launching a strategy. On the other hand, the competitive advantages of the company are protected from the imitation, because the imitation take place quickly in the fast cycle markets. Competitive advantages of the organization are not sustainable during this cycle period. Ford can use the technology to manufacture the high quality products to take competitive advantages in the fast cycle market. It is because technology is neither considered as proprietary nor it is confined by patents.
The slow cycle market and standard-cycle markets are less violent than fast cycle market due to rapid decline in the prices of the organizational products that also decrease the profitability. The change in the profit of the companies would also change their most significant competitors. In this situation, Ford Motor Corporation has to introduce some innovative and creative products to compete with the competitors in the US automotive industry. Thus, it would be quite significant to improve the competitive advantages for the organization.
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