Three Greatest Strategic Challenges Papa John's
The three greatest strategic challenges Papa John 's currently faces are the threat of new entrants, bargaining power of buyers and bargaining power of suppliers. Each aspect is unique in that each plays a major role in success or failure. Each aspect can work alone or together.
The threat of new entrants into the pizza market is a real challenge in today’s society. An article dated 2009 states that new entrants into any market creates competiveness and provides insight on consumer shifts in selection (Moe & Yang, 2009). It is important for organizations to be in tune with consumer demands.
The bargaining power of buyers also coexists with new entrants into the market. The bargaining power of buyers is determined on the economy. If the
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