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4. Will Amazon Business threaten Fastenal’s position in the industrial supply industry in the long run? If so, suggest competitive strategies that Fastenal can use to preserve its advantages.

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4. Will Amazon Business threaten Fastenal’s position in the industrial supply industry in the long run? If so, suggest competitive strategies that Fastenal can use to preserve its advantages.

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Võ Phương Anh: No. Since Amazon is not Fastenal's competitor. Fastenal can use Differentitaion focus strategy.

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Võ Phương Anh: No. Since Amazon is not Fastenal's competitor. Fastenal can use Differentitaion focus strategy.

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Offering personalized solutions, enhance customer relationship, focus on technological advanceN Nguyễn đình quang huy

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Offering personalized solutions, enhance customer relationship, focus on technological advanceN Nguyễn đình quang huy

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Lê Trần Khánh Linh 31211020523         Amazon can not go over Fastenal in the long run since two company belongs to two different industries. (Fastenal is a manufacturer and Amazon is a retailer). Amazon should not really be consider as competitors       

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Lê Trần Khánh Linh 31211020523         Amazon can not go over Fastenal in the long run since two company belongs to two different industries. (Fastenal is a manufacturer and Amazon is a retailer). Amazon should not really be consider as competitors       

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Mai Linh Chi (31211022644): (1) No, Amazon would not threaten Fastenal's position, because Fastenal is a manufacturer, while Amazon is a retailer, so actually, Amazon could not produce specific products like Fastenal. (2) Fastenal should choose to apply Differentitation strategy to preserve its advantages.

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Mai Linh Chi (31211022644): (1) No, Amazon would not threaten Fastenal's position, because Fastenal is a manufacturer, while Amazon is a retailer, so actually, Amazon could not produce specific products like Fastenal. (2) Fastenal should choose to apply Differentitation strategy to preserve its advantages.

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Trần Hữu Minh Tâm: No, because Amazon is a retailer that involves e-commerce. Meanwhile, Fastenal is considered a supplier or a manufacturer. So, their activities will not interfere.

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Trần Hữu Minh Tâm: No, because Amazon is a retailer that involves e-commerce. Meanwhile, Fastenal is considered a supplier or a manufacturer. So, their activities will not interfere.

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In my opinion, no. Since Amazon is a retailer, and Fastenal is a fastener manufacturing and distribution company. Even though Amazon can bring new competitors to the industry, they also bring Fastenal abundant chance to reach new market and customers. In my opinion, Fasternal should establish strategy that can not only exploit the advantage of Amazon platform, but also introduce to customers more product functionality to compete with new competitors.

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In my opinion, no. Since Amazon is a retailer, and Fastenal is a fastener manufacturing and distribution company. Even though Amazon can bring new competitors to the industry, they also bring Fastenal abundant chance to reach new market and customers. In my opinion, Fasternal should establish strategy that can not only exploit the advantage of Amazon platform, but also introduce to customers more product functionality to compete with new competitors.

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Thinh - 31221024445. some suggestions: focus on customer relatonships, specialization and expertise, value-added services.

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Thinh - 31221024445. some suggestions: focus on customer relatonships, specialization and expertise, value-added services.

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Xuan Dat 31211023450: 1. Invest in R&D to develop new products and services that cater to the evolving needs of its customers.2. differentiate itself from Amazon Business by offering unique products and services. 3. Collaborate with other players in the industry

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Xuan Dat 31211023450: 1. Invest in R&D to develop new products and services that cater to the evolving needs of its customers.2. differentiate itself from Amazon Business by offering unique products and services. 3. Collaborate with other players in the industry

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Do: Yes, the supply chain system of Amazon has become so powerful. Nowadays, people are more interested in online services rather than offline. Because of that, Amazon can offer or distribute products with a low price and high quality.  Fastenal can invest more in marketing their vending machines, create more functions to it. 

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Do: Yes, the supply chain system of Amazon has become so powerful. Nowadays, people are more interested in online services rather than offline. Because of that, Amazon can offer or distribute products with a low price and high quality.  Fastenal can invest more in marketing their vending machines, create more functions to it. 

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Amazon could be a threat to Fastenal. Fastenal can focus on developing variety of strategies to improve customer relationships. (Ngân) 

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Amazon could be a threat to Fastenal. Fastenal can focus on developing variety of strategies to improve customer relationships. (Ngân) 

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Thư: Amazon Business poses a long-term threat to Fastenal’s position in the industrial supply industry. Therefore, Fastenal should continue to pursue difffetential innovate in its competitve advantages areas like its vending technology, invest in CRM program. Besides, Fastenal can possibly explore new market segments or service enhancements that are harder for Amazon to replicate.

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Thư: Amazon Business poses a long-term threat to Fastenal’s position in the industrial supply industry. Therefore, Fastenal should continue to pursue difffetential innovate in its competitve advantages areas like its vending technology, invest in CRM program. Besides, Fastenal can possibly explore new market segments or service enhancements that are harder for Amazon to replicate.

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I think Amazon will threaten because of their low price and diverse products. Fasternal should develop more their customer-centric approach, prioritizing employee training and decision making skills and FAST industrial vending system. (Hien)

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I think Amazon will threaten because of their low price and diverse products. Fasternal should develop more their customer-centric approach, prioritizing employee training and decision making skills and FAST industrial vending system. (Hien)

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Minh Đăng: for this competitor, Fastenal can compete by focusing on low price, improving capabilities in digital terms, also it is important that Fastenal should consider to use the information to make strategic decisions and make sure that Fastenal is using reliable and trustful sources

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Minh Đăng: for this competitor, Fastenal can compete by focusing on low price, improving capabilities in digital terms, also it is important that Fastenal should consider to use the information to make strategic decisions and make sure that Fastenal is using reliable and trustful sources