Circuit city was the largest consumer electronics retailer in the 1990s. They were very successful because their competitors could not replicate the core competencies. They had a competitive advantage through highly skilled sales personnel, the networking of the stores, and effective logistics. 1) The company had a high value for the products at low cost, developed an inventory tracking database, and had an advanced point of sale system. It had the ability to connect to other stores using technology allowing them to respond quickly to changing trends and detail customer preferences. They focused on what was called a “4S Model” consisting of service, selection, savings, and satisfaction. 2) Circuit City lost its competitive advantage by not upgrading their core competencies, allowing competitors to enhance theirs. Other examples are: • ignoring …show more content…
The three lines of business GE discontinued from 2004 and 2015 are Financing, Insurance, and NBC Universal. Its intentions are to have a narrow and deep focus strategy on relevant segments. Narrow and deep focused strategy was used to take the focus away from noncore business activities and utilized to enhance a fewer set of sections. They will operate on power, renewable energy, and energy management. The internet of things in other words communicating data is information used to control operations and the products. They have invested greatly in the field of analytics and became an industrial giant. The deep focus is to continue improving these operations without distractions. GE Generated 117.4 billion total revenues. The greatest segments in 2015 were Aviation Business- Power Business, and Healthcare Business. • Aviation- Producer and designer of commercial and military engines, mechanical systems, and electric power • Power- Gas Turbines steam power systems, air quality. Nuclear technology. Water and waste treatment, and power