Question

The offering selected= The Agency RE

Explain in detail, the following for your offering:
a. Application of the 5C’s framework (Company, Competitors, Collaborators, Customers and
Context)

Answer 1

a.5C is an application of company strategy in a competitive environment to to analyse its competitors and it's business in order to to derive the maximum advantage and improve its overall strategy in order to maximize its overall returns.

It consists of 5 factors which includes company, competitors, collaborators, customers and context.

A.Company-it includes company as a whole and its organisational vision and mission and objectives in order to prosper in the long run.

B. Competitors-competitor analysis is important in order to know about the the environment and strength of other companies in which it is operating.

C. Customers-customers need to be managed carefully and their grievances should be redressed in order to provide maximum customer satisfaction.

D. Collaborators-it includes external stakeholders of the company and they need to be managed efficiently in order to gain from the supply chain and other litigation advantage.

E. Context and climate-this is a study of company's macro factors and it needed to be studied well in order to capitalise.