StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Generic Business Strategies and Advantage of Tourist Companies - Statistics Project Example

Comments (0) Cite this document
Summary
The paper “Generic Business Strategies and Advantage of Tourist Companies” aims to measure the effects of the three predictor variables on the competitiveness of various companies in the tourism industry including museums, hotels and tour companies…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
Generic Business Strategies and Advantage of Tourist Companies
Read TextPreview

Extract of sample "Generic Business Strategies and Advantage of Tourist Companies"

Download file to see previous pages In business research, multiple regression is applied for two main purposes that are closely related. The first purpose it for prediction of relationships. When using it for this purpose the researcher seeks to find the linear combination of a set of predictor variables that give the best estimates for a dependent variable across a number of different observations (Franses and Paap, 2004). The accuracy of prediction of the multiple regressions model is measured by the magnitude of R2 as well as the statistical significance of the entire model. On the other hand, if the prediction provided by the model is statistically significant overall, then multiple regression analysis is used to draw conclusions about all the individual predictor/independent variables (Wei, 2006). Basically, the statistics obtained from multiple regression models are applied in testing the hypotheses regarding the effects of individual independent variables on the dependent variable (Cryer and Chan, 2008).
 Multiple regression has been basically described as a statistical technique that allows a researcher to predict an entity’s score on one variable on the basis of its scores on several other variables (Mason and Perreault, 2001). The variable on which the score is being predicted is referred to as the dependent variables while the others are the predictor variables. In this exercise, multiple regressions are applied in the measurement of the relationship between generic business strategies and competitive advantage in tourist companies. In this case, competitive advantage is the dependent variable while the predictor variables consist of three major factors including cost leadership strategy, differentiation strategy, and focus strategy. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Generic Business Strategies and Advantage of Tourist Companies Statistics Project”, n.d.)
Generic Business Strategies and Advantage of Tourist Companies Statistics Project. Retrieved from https://studentshare.org/management/1636463-perform-and-interpret-a-multiple-regression
(Generic Business Strategies and Advantage of Tourist Companies Statistics Project)
Generic Business Strategies and Advantage of Tourist Companies Statistics Project. https://studentshare.org/management/1636463-perform-and-interpret-a-multiple-regression.
“Generic Business Strategies and Advantage of Tourist Companies Statistics Project”, n.d. https://studentshare.org/management/1636463-perform-and-interpret-a-multiple-regression.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Generic Business Strategies and Advantage of Tourist Companies

Ansoff versus Three Generic Strategies

...stage of a company’s development (Parnell, 2011). Then the whole company will have a total strategy and the whole company has a collective direction and place the company into right industry. After that Ansoff matrix can be adopted to analyze the accurate policy for the next steps. For example, a company can choose to take focus strategy with high class customers and then use product development strategy to fractionize how to gain profits with new products. Additionally, the two strategies stress on different points, Ansoff emphasizes in which field an enterprise should do while the...
10 Pages(2500 words)Essay

How Do Companies Use Global Strategies to Gain Competitive Advantage

...and generate demand among a new set of customers and thus gain competitive advantage. There are various firms which used to operate on local basis and the performance f such firms used to be pretty subdued. But those companies entered the international market only to gain competitive advantage and became major multinational companies. The present study has been conducted in order to analyze how companies use the global strategy to gain competitive advantage. Also the essential success factors of firms to succeed in the international business have been discussed. Add to that it has also...
13 Pages(3250 words)Essay

Mutual Exclusiveness of Generic Strategies

...between strategy and business performance has taken the center stage in organizations’ preoccupation with how best to increase their profits. These organizations are now investing in strategic management as a means of achieving an edge over their competitors. For this reason, finding the best ways of incorporating effective strategies call for a firm to consider a number of strategies available and then choose the most suitable from the available theories and practices. Organizations are now looking for strategies that will give the competitive advantage over customers’ decision to choose products and services from one firm over the...
8 Pages(2000 words)Essay

Generic Strategies of Sony

... the above companies as really successful for Japan. The writers explained that these companies are among global leaders due to their well developed and planned corporate strategies, further to their operational excellence. Porter (1991) emphasizes positioning and how a company is positioned in its competitive environment. He suggests that a company can achieve competitive advantage by following one of the three generic strategies Porter's generic strategies are the following: cost leadership, differentiation and focus (niche). Cost Leadership refers to being a producer of low cost. It is a strategy mostly followed by the leaders of a particular industry since they have the bargaining power to achieve lower purchase costs... a combination...
11 Pages(2750 words)Case Study

Rolls Royce business 's generic and distinctive marketing strategies

..., for Porter, the competitive advantage of the organisation was linked to the idea of a limited possible set of 'generic' strategies which would either lead to better differentiation of the organisation's products and therefore better perceived value added for the customer; or to lower costs that could be transformed into more competitive prices, (or higher margins). Either of these would improve the competitive position of the organisation concerned. If we analyzed then we come to know that to improved comprehension the activities throughout which a Rolls' Aero engine the following diagram shows a competitive advantage and generate shareholder value,...
15 Pages(3750 words)Case Study

Jeyes business 's generic and distinctive marketing strategies

...of scale have the most possible to create cost-based continued competitive advantages (Campbell, Andrew, 1997). Conclusion This report has discussed the generic and distinctive marketing strategy of Jeyes. It has also covered the background of the company and a situational analysis. According to the report has evaluated the strategies of Jeyes and found that its strengths lie inside its branding strategy (place, image, and identity) and pricing strategy. Further strengths comprise association marketing, product range and status, customer service, and e-commerce strategies. Weaknesses lie inside the...
12 Pages(3000 words)Case Study

Porters generic strategies

...Porter’s generic strategies Question 1 Rough plan Porter’s generic strategies include: Cost leadership Differentiation strategy Market niche A company can be said to enjoy a competitive advantage if it has market dominance over its competitors. It is normally achieved by setting-up business strategies such as offering customers goods of desirable value and reduced cost. “Success in an organization depends on good management and the ability to develop uniquely hard to imitate commodities” (Badescu, 2009). Michael Porter developed the following generic...
5 Pages(1250 words)Essay

Companies utilizing e-business strategies

...Companies Utilizing E-Business Strategies of the of the of the Companies Utilizing E-Business Strategies Most of the organizations are now using e-commerce as their standard procedure for operating. Since e-commerce requires a large setup of marketing and technical expertise therefore, setting up this business requires more effort. Since customers want to access different products or service at any time of the day therefore, online operations are the most suitable way. E-commerce can be categorized as a subordinate of e-business because it mainly deals with business of the organization...
2 Pages(500 words)Coursework

Porter's generic strategies

...The U.S airways and Porters generic strategies The U.S airways has of the recent past tried to adopt different strategies that maximize profits and reduce production or labor costs, which enables them to achieve competitive advantage in the crowded market. Most customers prefer the best services offered to them at affordable costs, and this has made the U.S airways apply Michael Porters generic strategies to compete against their competitors such as Southwest, Delta Airlines, and Jet Blue just to name a few (Eldring, 2009). The three strategies namely; cost leadership, differentiation, and focus were established by...
1 Pages(250 words)Case Study

Competitive Advantage Strategies

...Competitive Advantage Strategies Competitive Advantage Strategies Comments Gaining and maintaining leverage competition over other rivals can at times be a thorn in the flesh. It requires a well choreographed orchestrated strategy. These strategies seek to answer questions why customers should prefer a product or service from one firm to that of a rival or a competitor offering similar products or services. In the society today, business arena has become so dynamic. The climate of trends and advancement of technology have also played vital role in transforming business ecological niche. This compels...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Statistics Project on topic Generic Business Strategies and Advantage of Tourist Companies for FREE!

Contact Us