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Budget Competition, Differentiation, General Competition, Module 3, Product Category, Product Form

Competition. Keep your distance or keep them close?

Here is a very simple video which explain the answer to my question. Can you think of examples from your own experience?

About Ian W. McVitty

Teacher, Academic Advisor and Learner.

Discussion

7 thoughts on “Competition. Keep your distance or keep them close?

  1. That explains a lot about the clusters’ that establishment develop. But now I want ice cream.

    Liked by 1 person

    Posted by Anonymous | October 16, 2014, 1:21 pm
  2. It is a very simple explanation. Imagine all the restaurants on Elgin Street or Preston. The cluster creates a destination.

    Like

    Posted by Ian W. McVitty | October 16, 2014, 3:31 pm
  3. This actually makes a lot of sense! Not only are they close but they have an idea of what other stores or restaurants are offering, specials they are promoting and how they can one up the competition to attract more customers.
    I know from personal experience when working at a fast food restaurant, we were always surrounded by other fast food places which offered basically the same items we did and then you would go a few blocks away and there would be nothing. It never made sense until now!

    Like

    Posted by rachaeltattersall | October 17, 2014, 2:38 am
  4. Have you ever been to China Town or Little Italy? There are clusters of restaurants based on culture, which makes it even more interesting 🙂

    Like

    Posted by Ian W. McVitty | October 20, 2014, 12:14 am
  5. There have an korkean food restaurant at 134 Nelson Street near Rideau center, my friends and I always call them to book seats b/c it will be full of people and waiting there for a long time, and sometimes the seats are all booked when we called them..even it only have 80 seats and in the corner of somewhere, even it closed on Monday and you need pre-order 5 hours in advance if you want to order one of the dish. I think people will complain why they don’t open a bigger one or extend it, but it is a good way to win the competition..

    Like

    Posted by yu000148 | October 21, 2015, 3:12 pm

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Ian W McVitty

Email: mcvitti@algonquincollege.com
Phone: (613) 727-4723
Drop By: H204C

Creative Commons Licenced

Creative Commons License
Hospitality Marketing One by Ian W. McVitty is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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