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C19BU_P2019-2020_H00315589_Strategic Management _Exam

C19BU_P2019-2020_H00315589_Strategic Management _Exam

Q Section A 1. Using evidence from the case study identify the trends affecting demand in the sound bar market? 1. Identify Bang & Olufsen’s competitive stance using evidence from the case study. Provide support for your answer by referring to course material as well to justify your choice of competitive stance. 2. Given Bang & Olufsen’s competitive stance, what risks does it face by entering the soundbar market? 1. Comment on the relative merits of PEST Analysis and scenario planning as strategic frameworks.

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Demand is volatile in nature and it changes with the change in the customer taste and preferences and the market trend as well. From the case study, it can be well seen that the demand for the soundbar is direly related to the technology and the taste of the consumers. The first instance of the market trend is the example of the requirement of a soundbar with a flat-screen television which is mostly a fashion rather than a necessity. With many companies playing in the same field the market trend is led by the one who goes with the flow of the technology. Streaming movies or series with Amazon and Netflix has been a recent trend that has direly affected the market of the soundbars as analyzed form the case, as it gives the feeling of a theatre and is “valued” by customers.