Differentiation Strategies in Sharing Economy
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What should companies consider to remain competitive in the digital economy?

  • Focusing solely on traditional marketing
  • Reducing digital presence
  • Thinking about their digital growth (correct)
  • Increasing physical store locations

Which of the following is a key factor in defining a digital strategy?

  • The location of the company's headquarters
  • The extent to which companies should adapt to platforms (correct)
  • The type of products offered by the company
  • The number of employees in the company

What is one of the new rules of the game in the digital era?

  • Digital strategies must prioritize employee satisfaction
  • Profit should come exclusively from physical sales
  • All competitors must use the same technology
  • Different ways exist to create a competitive advantage using digital technologies (correct)

What is a primary focus of strategy approaches in the digital context?

<p>Adapting to constraints of the environment (D)</p> Signup and view all the answers

How should companies think about their differentiation strategies in the sharing economy?

<p>By prioritizing customer service and engagement (D)</p> Signup and view all the answers

What approach did Audi take to achieve digital growth?

<p>Integration (A)</p> Signup and view all the answers

Which method did Audi utilize to manage risks associated with sharing mobility platforms?

<p>Strengthen business as usual (B)</p> Signup and view all the answers

What key driver of digital transformation includes new customer expectations for connected services?

<p>Customers (B)</p> Signup and view all the answers

Which competitive challenge did Audi face in the market for sharing mobility services?

<p>Late entry compared to competitors (C)</p> Signup and view all the answers

How did Audi create a competitive advantage in the automotive market?

<p>Reinventing its business model (A)</p> Signup and view all the answers

Flashcards

Digital Strategy

A plan that outlines how an organization will use digital technologies to achieve its goals.

Digital Transformation

The process of adopting digital technologies to fundamentally change an organization's processes, structure, and culture.

Sharing Economy

A system where individuals share assets or services through digital platforms, often for a fee.

Digital Platforms

Online platforms that connect users and facilitate transactions, often based on a network effect.

Signup and view all the flashcards

Differentiation Strategies

Strategies that help organizations stand out from competitors by offering unique value propositions.

Signup and view all the flashcards

Audi's Digital Strategy

Audi adopted a strategy of digital transformation to adapt to changing customer needs and market trends, focusing on smart connected cars and sharing mobility services.

Signup and view all the flashcards

Audi's Competitive Advantage

Audi achieved a competitive advantage by altering its business model, emphasizing new mobility solutions and customer-centric offerings.

Signup and view all the flashcards

Sharing Mobility Platforms Risk

Audi faced challenges in sharing mobility platforms due to the emergence of new players and the risk of customers switching from car ownership to shared mobility.

Signup and view all the flashcards

Audi's Digital Transformation Drivers

Audi's digital transformation was driven by evolving customer expectations, competition from other car manufacturers and tech companies, and a shift toward valuing mobility over car ownership.

Signup and view all the flashcards

Incumbent Companies' Challenges

Established car manufacturers like Audi, BMW, and Daimler faced challenges from technology companies like Tesla, Apple, and Google, offering new products and services, along with the growing popularity of sharing mobility services.

Signup and view all the flashcards

Study Notes

Session 5: Differentiation Strategies and Competition in the Sharing Economy

  • This session focuses on differentiation strategies and competition within the sharing economy.
  • The course coordinator is Nabila BOUKEF, Ph.D., an Associate Professor in Information Systems and digital transformation at SKEMA Business School.
  • The target audience is digital business two-year MSc students.
  • Topics include rethinking strategy in a digital era, digital strategy formulation, strategy approaches and ambidexterity, digital platforms, digital strategy and business process transformation, building digital capabilities, fostering innovation, and digital strategy execution.
  • Question addressed during this session: How do companies define their digital strategy in the new rules of the game, focusing specifically on the sharing economy?

Audi Case Study (Part 1)

  • The case study is related to Audi coping with the threat of sharing mobility services.
  • Students need to refer to the D. Rogers framework to analyze drivers of digital transformation.
  • Students need to identify and explain one competitive advantage strategy for Audi, choosing between: Enhance customer intimacy, Operational excellence, and New Business model.
  • Students are asked to explain Audi's strategy approach and how the company ensured digital growth through Integration, Separation, or Ecosystem.
  • Students need to analyze how Audi managed the risk of sharing mobility platforms, choosing one approach from: Strengthen business as usual, Invest learn-act, Step-out and partner, Hybrid, or Expand-and-compete.

Audi Case Study (Part 2)

  • This part focuses on analyzing Audi's differentiation strategy.
  • Students are asked to explain how this strategy allows Audi to gain competitive advantage against its competitors.

Differentiation Strategies

  • Differentiation strategies are crucial for competing in the sharing economy.
  • Three key strategies are highlighted: Technology, User experience, and Partnership.
  • Technology is emphasized as enabling efficient mediation and fostering trust within platforms.
  • User experience encompasses social interaction and enjoyable use of the resources.
  • Partnership is key for gaining access to resources, infrastructure, and special services for premium users.

Udemy Case Study (Session 4)

  • The case study focuses on Udemy's peer-to-peer sharing business model.
  • Udemy's differentiation is based on quality of courses and the social experience provided to learners through interactions.
  • Three key strategies that complement each other are presented: Technology, User experience, and Partnership.

Zimride Case Study (Consultancy Project)

  • This graded teamwork consultancy project involves analyzing the Zimride platform.
  • The project requires a presentation with analyses of competitive advantage, main challenges, a suitable strategy approach, differentiation strategy, and competitive recommendations for a new platform called Ride&Meet.
  • The analysis should consider aspects such as the strategy palette of BCG and the strategies implemented by competitors like Uber.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

Related Documents

Description

This quiz explores differentiation strategies and competition within the sharing economy, focusing on how companies develop their digital strategy in this evolving landscape. Dive into key concepts such as digital capabilities, innovation, and platform strategies. Ideal for MSc students in digital business.

More Like This

Digital Strategy Session 1
36 questions

Digital Strategy Session 1

DeftTransformation avatar
DeftTransformation
Digital Strategy Formulation Session 2
33 questions
Digital Strategy Rethinking
15 questions
Digital Strategy Course Quiz
48 questions

Digital Strategy Course Quiz

QuietComputerArt8369 avatar
QuietComputerArt8369
Use Quizgecko on...
Browser
Browser