Strategy & Competition
Business in the 21st century is highly competitive. In order to maintain and grow market share, business owners and entrepreneurs must devise business strategies to for a strong competitive advantage.
This article examines the three generic strategies discovered by Michael Porter. Each firm should adopt one of these strategies to provide sustained profitability.
This article examines Michael Porter's five forces model. Each of the forces is discussed with regard to characteristics that increase competition in an industry.
Importance of Differentiation in capturing consumers market.
This article discusses the three levels of strategy that a business should develop. It also discusses who and what is involved at each level.
In this hub Michael Kromwyk provides some insight into the ACER competitive strategy and how it is positioned against other brands in the PC and peripherals market. Included in the paper are some university level models...
Growth-share matrix (aka) BCG Matrix is the oldest and well-knowned matrix method of Strategic management. It keeps the conditions of KISS (keep it simple stupid). BCG Matrix is useful tool of controlling. BCG Matrix...
The goal of a solid business strategy is to attract and keep new customers, run the business in the most efficient and effective way, and achieve performance targets.
The first Kodak camera was launched in 1888, more than 120 years ago, with the simple slogan “You press the button. We do the rest.” By 2000, Kodak was one of the most recognized and trusted brands in the world.
Analysis of a company’s external environment is necessary to ensure the best strategy. A company must do a competitive analysis, examine driving forces, and identify the key success factors.
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