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A Competitive Strategy is decisions that generate action that produces results.A competitive strategy answers the following questions. How do we define our business today and how will we define it tomorrow? In what industries or markets will we compete? The intensity of competition in an industry determines its profit potential and competitive attractiveness. How will we respond to the competitive forces in these industries or markets (from suppliers, rivals, new entrants, substitute products, customers)? What will be our fundamental approach to attaining competitive advantage (low price, differentiation, niche)? What size or market position do we plan to achieve? What will be our focus and method for growth (sales or profit margins, internally or by acquisition)?
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How can you link your HR strategy to competitive strategy of a business unit?
yes we can link to human strategy to competitive strategy because we can't do any thin except human
What is the firm level strategy for Panera Bread?
Discuss Panera's business level strategy
What are the definitions concepts and approaches of marketing?
Hi, A marketing Strategy is a process that can allow an organization to concentrate its limited resources to increase sales and achieve competitive advantage. In a competitive environment, where supply exceed greatly demand there we need marketing, so that, we can do good marketing and sales our product in profit.
Advantages and disadvantages of competitive pricing strategy?
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What are the competitive dimensions of operations strategy?
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What are different types of business strategy?
There are several different types of business strategies that include acquisition strategy and competitive strategy. Other types of strategy are cost strategy, niche strategy, and growth strategy.
Is No Change strategy is a positive strategy?
It is as long as the company holds a strong competitive advantage and the market is growing.
What are the three tests that distinguish a winning strategy?
1. The Goodness of Fit Test : A good strategy has to be well matched to industry and competitive conditions, market opportunities and threats, and other aspects of the enterprise's external environment. At the same time, it has to be tailored to the company's resource strengths and weaknesses, competencies, and competitive capabilities. 2. The Competitive Advantage Test : A good strategy leads to sustainable competitive advantage. The bigger the competitive edge that a strategy helps build, the more powerful and effective it is. 3. The Performance Test : A good strategy boosts company performance. Two kinds of performance improvements are the most telling of a strategy's caliber: gains in profitability and gains in the company's competitive strength and long-term market position.
What competitive advantages can a lean supply strategy confer on the manufacturing industry?
What competitive advantages can a lean supply strategy confer on the manufacturing industry? Explain in detail how these advantages are secured and maintained.
How does competitive strategy relate to value chain structure?
Competitive strategy is fundamentally linked to value chain structure as it determines how a company positions itself in the market to gain a competitive advantage. The value chain outlines the various activities that a business undertakes to deliver value to customers, and a well-aligned competitive strategy leverages these activities to optimize efficiency, reduce costs, or enhance differentiation. By understanding its value chain, a company can identify where to innovate and improve, ensuring that its competitive strategy effectively meets customer needs and responds to market dynamics. Ultimately, the interplay between competitive strategy and value chain structure drives a firm's overall performance and success in the marketplace.
What are the strategy issues in contemporary management?
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Fundamental success drivers of competitive advantage?
business level strategy
