yes - unless they have a monopoly of a scarce and popular product- as do other organisations, entrepreneurs etc
How can a firm implement this Strategy.
Discuss Panera's business level strategy
HUMAN RESOURCE KSAs needed by the firm to achieve the strategy and what KSAs are currently resident?
When is and what reason is Home replication strategy used. provide a firm that uses home replication strategy.
The advantage is that the wage bill is reduced, the disadvantage of the retrenchment growth strategy is that a firm may loses employee without reaching their full potential.
A firm's core strategy is its essential approach to achieving competitive advantage and long-term success in the marketplace. It encompasses the unique value proposition, target market, and key activities that differentiate the firm from its competitors. This strategy guides decision-making and resource allocation, ensuring alignment across the organization to meet objectives. Ultimately, it defines how the firm intends to deliver value to customers and sustain profitability.
Strategic surveillance is designed to monitor events inside and outside the firm that may affect the course of the firm's strategy.
Minimizing cost
An undifferentiated marketing strategy occurs when a firm focuses on the common needs of consumers rather than their different needs
spin off
Hiring a consulting firm
The extender strategy is when a firm expands into foreign markets that are similar to their current market. They use strategies that are currently successful to expand the business.