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... Apply the resource-based model and Porter’s 5-forces model to Kacey Fine Furniture and to the Denver furniture market. Does Kacey have any resources that are rare, valuable, difficult or costly to imitate, or non-substitutable?
Resources: Kacey’s best recourse would be human resource. ...
Capability: Kacey’s capability to have so much employee involvement is something that many companies do not put as much importance on. The Great Game of Business is a book for everyone, therefore Kacey’s does not have something that is hard to find. Kacey’s capability to use this book as a guide, but also to include their “family focus” along with the book makes it harder for their competitors to imitate.
Competitive Advantage: Kacey has resources that are rare. ... With Kacey involving the employees with decisions and ideas, the employees feel more like the company is partly theirs to protect and not just working for someone. ...
Strategy Formulation and Implementation: Kacey formed and implemented a strategy that put it in the top four furniture retailers in Denver.
Threat of Entry: The threat of entry into the furniture industry is high. Almost anyone can open up a furniture store. The costs of opening up a furniture store are not that high, all you would need is the space and supplies. There are no specialized skills that are required to create and operate a furniture retail store.
Approximate Word count = 1156
Approximate Pages = 4.6
(250 words per page double spaced)
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