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When an organizattion wants to achieve a low cost advantage simultaneously it should pursue a strategy?
Wiki User
∙ 9y ago
- strategy is a plan to use and develop core competences so that the organization can not only can protect and enlarge its domain but can also expand into new domains
Wiki User
∙ 9y ago
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How does the marketing mix help a business to achieve its aims and objectives?
Marketing strategy questionnaire with answers
Characteristics of HRM?
1. It meets the need for strategic approach to human resource management which achieve fit between the business and human resources strategy. 2. Human resources are viewed as a sources of competitive advantage. 3. The performance and delivery of HRM is a line management responsibility.
What is the advantage and disadvantage of profit maximization?
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What is business policy and strategy?
Using business policy and strategy is called strategic management. Strategic management helps business make decisions and use information that help achieve company objectives.
Mc donalds mission statement?
McDonald's brand mission is to be their customers' favorite place and way to eat and drink. They have a global strategy to achieve this mission.
Does Aldi's low cost strategy imply that the company offers low quality?
How does Aldis strategy lead to a competitve advantage how does company achieve this strategy
What has the author Andrew Kenny written?
Andrew Kenny has written: 'How does British Airways achieve competitive advantage through its business unit strategy?'
What is developent strategy?
A strategy is an organizations plan to achieve its mission - which is the purpose for the organizations existence. The development process involves three conceptual ways in which firms achieve their missions: * Differentiation * Cost Leadership * Response Effective strategies are also developed through proper evaluation of a S.W.O.T. analysis to gain competitive advantage
What is strategy development process?
A strategy is an organizations plan to achieve its mission - which is the purpose for the organizations existence. The development process involves three conceptual ways in which firms achieve their missions: * Differentiation * Cost Leadership * Response Effective strategies are also developed through proper evaluation of a S.W.O.T. analysis to gain competitive advantage
Business policy and strategy?
Business policy refers to the overall guidelines and procedures that a company follows to achieve its goals, while strategy is the plan that outlines how the company will achieve competitive advantage and sustain long-term success. Both policy and strategy are essential components of organizational management, with policy setting the framework for decision-making and strategy guiding the specific actions taken to achieve objectives.
What are the advantages and disadvantages of substantive growth strategy?
A major advantage of substantive growth strategy is that if you achieve growth, you essentially set yourself up for exponential growth in the future. A disadvantage is that aggressive competitors are more likely to crowd you and phase you out.
What is deliberate strategies?
Deliberate strategy is a strategy that is made intentionally by an organization so as to achieve its intended strategy or final goals.
Which of the following statements are true about productive and allocative efficiency society can achieve either productive efficiency or allocative efficiency but not simultaneously?
society can achieve either productive efficiency or allocative efficiency, but not both simultaneously
KSAs needed by the firm to achieve the strategy and what KSAs are currently resident?
HUMAN RESOURCE KSAs needed by the firm to achieve the strategy and what KSAs are currently resident?
What is meant by strategy?
Strategy is a course of action that will be taken to achieve a specific goal or result. Strategy can be used for many different things.
How does strategy affect structure?
Strategy affects structure because you have to know how you are going to go at something before it can be accomplished. Structure is a very important feature to have.
The National Strategy discusses the ways and means the Department of Defense will achieve its strategic objectives?
The National ______________ Strategy discusses the ways and means the Department of Defense will achieve its strategic objectives.
