Business Strategy and Competitive Advantage
David Kryscinski. Introduction to Strategic Management. 2015.
I learnt that a corporate business strategy must have a purpose and direction. This must therefore involve the tactics of the developed strategy, goals, objectives as well as the general description (Kryscinski, 3:00). Writers who offer business development assignment help at Edudorm essay writing service notes that the main goal of a strategy must always be aimed at winning through achieving the stated objectives. A strategy must hold the capability of outweighing the challenging to be effective.
A G, Lafley. Defines Effective Business Strategy. 2013.
Effective are the choices that are developed in the market to win with the specific consumer groups. Business strategies should therefore be clearly stated. Experts who offer business assignment help at Edudorm essay writing service indicates that an effective business strategy should be directed to the ma market place by defining how to grow the market segment and how the expectations of the consumers can be achieved (Lafley, 2:05). A successful strategy must therefore be capable of increasing the market segment.
Berg, Robynne.7 Steps to Successful Strategy and Implementation. 2011.
The first step of developing an effective business strategy is examination the organization performance and policy. Examine the risks that may be involved. Next the opportunities ad trends in the market should be analyzed (Robynne, 2:45). Authors who offer business report writing help at Edudorm essay writing service points that vision creation and direction is crucial in setting goals and reducing confusion. Formulation is the most important step in strategy development and implementation.
Ram Charan. Strategy Execution Expert. 2010.
Any business strategy must be evaluated in order to assess the associated benefits towards the business. Tutors who offer business accounting assignment help at Edudorm essay writing service acknowledges that the goal of the strategy must be well established in order to achieve any aim. This helps in developing expectations that must be met for the strategy to be successful (Charan, 1:05). Develop ideas, select the best ideas and then execute based on the opportunities related to each idea.
Quadric, Tube. Building Strategic Differentiation. 2012.
Differentiation is associated in branding effectiveness. Differentiation must be strategically developed as the benefits of each differentiation are different. Differentiation must be based on customer relation development and management as well as quality improvement. Strategic differentiation is crucial in driving the market sales and performance trucking (Quadric, 6:07).
Virtual-strategist. How to Develop Competitive Advantage. 2008.
Competitive advantage is the business strategy that answers the questions related on the capabilities of the corporation. Mentors who offer business essay help at Edudorm essay writing service recognizes that competitive advantage is made up of the corporations capabilities and why the hold the capabilities over the others (Virtual-strategist, 5:09). Competitive advantage can therefore be achieved by utilizing the strengths of the corporation in gaining greater opportunities ad trends.
Rita, McGrath. The End of Competitive Advantage. 2013.
If a competitive advantage cannot be sustained this therefore implies that it is the end of opportunities and market trends (McGrath, 1:06). Therefore in order for a competitive advantage to be effective it must be sustainable by utilizing the capabilities of the organization.
Jonas, Fasth. Mintzberg on Strategy. 2016.
Managing is a practice that does not change because it is the managing content that is changed. Instructors who offer organization behavior case study help at Edudorm essay writing service argues that business strategy emerge during the experience of solving managing issues and they are not basically successful because they are planned (Fasth, 2:16).
Stefano, Messori. Strategy Formation Process: Deliberate or Emergent? 2016.
Strategic formation is emergent. This is because it is the capability of the corporation management to be able to establish opportunities as well as market trends which would help in gaining a competitive advantage. Strategic formation is mainly based on control and not mainly on planning (Messori, 4:08).
