Army

A Broad Cost Leader strategy maintains a presence in all segments of the market. The company will gain a competitive advantage by keeping R&D, production and material costs to a minimum, enabling the company to compete on the basis of price, which will be below average. Automation levels will be increased to improve margins and to offset second shift/overtime costs.

Operational excellence. Many industry players are facing strong competitive pressure, so cost leadership is another key to success.

The United States Army National Guard is currently faced with the significant task of helping its troops stay alive not only on the battlefield but also at home. Since 2011, the Army National Guard has buried 614 troops who died by their own hand. These men and women have come from every state and territory across the Unites States with the exception of the District of Columbia and the Virgin Islands. States such as Louisiana, Pennsylvania, Indiana, and Minnesota have suffered the most loss with each state losing 29 people to suicide. These deaths are not on the battle fields of Afghanistan or Iraq. In fact, the combat deaths during the exact same time frame for Army National Guard troops only adds up to 447.

A cost leadership strategy focuses primarily on “producing products and/or services that are the lowest in the industry” (Turban, Rainer, & Potter, 2003). This type of organization forms business alliances that support their inventory management through computers and computerized purchasing. A differentiation strategy focuses on being unique within the industry and provides high-quality products at a competitive price (Turban, Rainer, & Potter, 2003). These types of companies “provide their customers with a

With tensions building around the globe, it takes a multi-tiered force of highly trained, committed Soldiers to protect our freedoms and uphold democracy. This force consists of Active Duty Soldiers and Soldiers in the Army Reserve. (US Army) Many families struggle with the decision to enlist Army Reserve or Active Duty. Evaluating your current living situation can help in the final decision. Army Reserve allows you to serve your country while still having a civilian life. I believe Army Reserve is a better choice for someone with a family, despite the limited benefits, because it allows personal choice of living, more time with loved ones, and provides benefits.

The movement from a drafted to an all-volunteer force has proven to provide the Army of the United States with some of its most impressive Soldiers. Whether Soldiers desire to join the military for the pay, job security or answering the call to serve their country, these desires have become increasingly obsolete in today’s Army because of budget cuts. The Army will begin to lose quality Soldiers due to continued pay cuts to military pay, basic allowance for housing and changes to retirement plans.

Webster’s dictionary defines the word profession as a type of job that requires special education, training, or skill. Many Soldiers would not consider the Army as a profession but a way of life. Some think the word profession belongs to everyday jobs like a plumber, mechanic, or doctor. Dr. Don M. Snider stated “the Army is a profession because of the expert work it produces, because the people in the Army develop themselves to be professionals, and because the Army certifies them as such” (Snider, D. M. 2008). In October 2010, the Secretary of the Army directed the Training and Doctrine Command (TRADOC) to lead an Army wide assessment of the state of the Army Profession. We have been at war as a Country for over a decade and the Army

Since customer retention is one of the most important domains over which brands compete, I have a keen interest therefore to study in detail how renowned brands, such as McDonald food chain use such strategies to remain successful in the industry.

In cost leadership a firm will set out to become a low cost producer in its industry. A low cost producer must find and exploit all sources of cost advantage. If a firm can achieve and sustain overall cost leadership then it will become an above average performer within its industry. The sources of cost advantage are varied and depend upon the

In this part, this report focuses on Porter’s Generic Strategies to analysis the strategic positioning of the major play in toys and games industry. According to Dess, Lumpkin and Eisner 2010, Porter’s Generic Strategies include three strategies which are Differentiation, Focus and Cost leadership which a company can use for achieve competitive advantage and overcome five force.

There are two schools of thought pertaining to how firms should choose the competitive strategy that best suits them. One is of the opinion that firms should choose one of the generic strategies and commit all resources to making it work. Porter belongs to this category. They believe that the value chain necessary for cost leadership is quite different from that of differentiation strategy and that while differentiation deals with better quality, cost leadership deals with lowering costs wherever possible.(DESS and DAVIES 1984) What porter articulated here is that there is need for strategic clarity.

The organizations that endeavour to wind up the least cost makers in an industry can be alluded to as those taking after a low cost procedure. The organization with the least expenses would gain the most elevated benefits in the occasion when the contending items are basically undifferentiated, and offering at a standard business market cost. Organizations taking after this methodology place accentuation on cost diminishment in each action in the value chain. Note that an organization may be a cost pioneer however that does not inexorably infer that the organization 's items would have a low cost. In specific occurrences, the organization can for occasion charge a normal cost while applying the low cost leadership strategy and put the earnings made back into the business

A successful cost leadership strategy usually provides the entire firm with high efficiency, low overhead, limited perks, intolerance of waste, intensive screening of budget requests, and wide span of control efforts. However, some risks of pursuing this strategy are that competitors might imitate the strategy, thus, driving overall industry profits down; that technology breakthroughs in the industry may make the strategy ineffective; or that buyer’s interest may swing to other differentiating features besides price.

First of all, Porter's Generic Strategy is defined as increasing market share, revenues and profits in order to overcome new markets to ensure survival. According to Martin (2014), the purpose of a business strategy is to be a drive force of the business; not a disposable or a weekend practice. A business needs to increase its’ sales if wants to “win” the benefit of other businesses, therefore it has chances to take customers away from competitors. In short, Porter’s Generic Strategy can be used in any type of businesses, no matter is profitable business or non-profit business. Its’ principle still remain universal. Porter's Generic Strategy is formed by cost leadership, differentiation and focus. Each strategy has different way to success. First of all, cost leadership strategy is a broad segment that a firm attempt to create low cost structures in order to be a price competitive. Secondly, differentiation strategy is a broad segment that a firm attempt to differentiate its’ offering quality or valuable products features. Thirdly, focus strategy is a narrow segment that a firm attempt to target a specific niche market to develop a competitive

Porter’s generic strategies describe how a company attains competitive advantage across its chosen market scope. There are three generic strategies-cost leadership, differentiation and