Rivalry among competing firms:
The competing companies against Luck Industries is Vulcan Material and Marietta Materials. Vulcan Material is the number supplier of Stone. The risk of the rivalry companies is high because if price is what matters to the consumer the other larger companies can always lower price which would make it more difficult for Luck to compete. Luck industries always cares about it’s employees first along with it’s customers which make their products more expensive. Luck industries will not work with the big box chain stores due to the quality of the product being affected. The other companies if willing to take short cuts and advertise a better product over Luck industries it can affect the Luck Industries. When most …show more content…
Home Depot will contract out suppliers who are willing to meet their low price and offer lower ends products. This did not fit in well with the strategies that Luck Companies is trying to install. They want to offer their customers the best product on the market with great customer service.
Identification of Environmental Opportunities and Threats and Firm Strengths and Weaknesses
Strengths of Luck Company:
The company has an excellent dedication towards its employees and customers satisfaction, that employees enjoy working for the company. The employee gives different benefits from a vacation donation balance to let the employee make decisions that are best for the company. Value-based leadership is an import strength of the company
The company has many different small to large companies that help bring in profit from many different companies.
The company invests in technology and becomes creative in the way it rolls out new products.
Weakness of Luck Company:
Leadership was unable to get their point across at meetings and this lead to them, creating a value-based leadership company. The value-based company took a look time to implement due to the
The competing companies against Luck Industries is Vulcan Material and Marietta Materials. Vulcan Material is the number supplier of Stone. The risk of the rivalry companies is high because if price is what matters to the consumer the other larger companies can always lower price which would make it more difficult for Luck to compete. Luck industries always cares about it’s employees first along with it’s customers which make their products more expensive. Luck industries will not work with the big box chain stores due to the quality of the product being affected. The other companies if willing to take short cuts and advertise a better product over Luck industries it can affect the Luck Industries. When most …show more content…
Home Depot will contract out suppliers who are willing to meet their low price and offer lower ends products. This did not fit in well with the strategies that Luck Companies is trying to install. They want to offer their customers the best product on the market with great customer service.
Identification of Environmental Opportunities and Threats and Firm Strengths and Weaknesses
Strengths of Luck Company:
The company has an excellent dedication towards its employees and customers satisfaction, that employees enjoy working for the company. The employee gives different benefits from a vacation donation balance to let the employee make decisions that are best for the company. Value-based leadership is an import strength of the company
The company has many different small to large companies that help bring in profit from many different companies.
The company invests in technology and becomes creative in the way it rolls out new products.
Weakness of Luck Company:
Leadership was unable to get their point across at meetings and this lead to them, creating a value-based leadership company. The value-based company took a look time to implement due to the