View the step-by-step solution to:

The 15 August 2012 issue of the Wall Street Journal contained an article entitled, "How Japan Lost the Electronics Crown." The article describes how...

Can you please check my grammar?
The 15 August 2012 issue of the Wall Street Journal contained an article entitled, “How Japan Lost the Electronics Crown.” The article describes how Japanese electronics firms such as SONY, Panasonic and Sharp have excelled at producing spiffy new products that feature new hardware breakthroughs, but other firms such as Korea’s Samsung have delivered faster, easier to use improvements based upon those breakthroughs and now dominate electronic markets. (a) Is it always better to be a “follower” rather than the “leader?” What economic conditions determine whether it is better to follow or lead? (b) Suppose I have a very high rate of discount. Would this make it more or less likely that I would follow rather than lead? Answer: For many manufacturing companies it is hard to be the “leader” and dominate current electronic markets. Let’s compare Apple and Sony…. almost every household in the U.S.A. has the IPod; however, not everybody remembers anything about the Walkman. Apple spends a lot of money for research and development every year; this company creates stylish and portable devices such as I pad, MacBook, and IPod. Many Japanese firms concentrate on technologies and manufacture. However, consumers care about appearance, “easy to use” software, and compatibility with computers. If company does not have a strong position in the market it will be beneficial to follow big and Giant Corporation. It will save time and money. At the same time, the “leader” can set up prices and trends. In my onion, management needs to choose whatever is better for company - to follow or lead in the market. If company has a very high rate of discounts it can mean that company tries to sell their goods as soon as possible. There are can be a few reasons for it. Firstly, the company needs to sell old inventory. Secondly, goods can become an obsolete because of technological progress. If company has strong position on the market, this company will never put their goods on a sale. It is almost impossible to buy IPod with a discount more then 30%. Therefore, if company has some problems this company most likely follows another giant corporation.
Background image of page 1
Sign up to view the entire interaction

Top Answer

The way to approach this... View the full answer

Problem 14 (1).doc

The 15 August 2012 issue of the Wall Street Journal contained an article entitled, “How
Japan lLost the Electronics Crown.” The article describes how Japanese electronics firms
such as SONY,...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online