What are the five generic competitive strategies? Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving.
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- What are the five generic competitive strategies? Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving.
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- Describe the three types of competitive strategies. Support your answer with examples.Begin by selecting two functional strategies from the list below: Marketing Strategy Financial Strategy In your initial post, explain the overall goals of each of the strategies that you selected, generally speaking. Then, expand on your choices by describing how each functional strategy may work together to potentially achieve economies of scope. Further develop your response by describing how the functional strategies that you selected operate either at your place or work, a place where you have worked in the past, or in a hypothetical “best” corporation scenario. Alternatively, you may research an actual corporation to further develop your response on your chosen functional strategies. Be sure to post at least 2 referencesWhat are the different ways of creating a competitive advantage? Explain with examples
- Competitive strategy aims to establish a profitable and sustainable position against the forces that determine industry competition” (Porter, 1985). Evaluate the five basic competitive strategies pursued by organizations in order to create sustainable competitive advantagehighlight the different types of generic strategies and then critically explain how buisnesses can use them for competitive advantage .select an industry of your choice to justifyDiscuss the Strategic Planning for Competitive Advantage?
- Identify the organization’s competitive advantage. Is the competitive advantage durable and valuable? Defend or critique the organization’s competitive advantage based upon your earlier analyses.What is Competitive advantage and provide an example of it.Discuss the two main activities to create competitive advantage?
- Explain how a company can make use of the Ansoff Matrix to develop a competitive strategycomment on essential nature of marketing planning and strategy formulation. illustrate your answer with appropriate industry product or service analogiesHow might a planner decide on competitive growthstrategies using tools such as the market growth/marketshare matrix (Figure 2.3) and product-market matrix(Figure 2.4)?