Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. assume the role of Peter and his team. In doing so, complete the following: 1. Recommend an appropriate name for the company, along with a brief background on the company. Indicate and describe, providing full details, one of the new products or services that the company intends to offer in the Textile, Clothing and Footwear sector. Pictorial representation can be included where required of the product/service. 3. Based on each category of alternative organizational strategies ( Integration Strategies, Intemsive strategies, diversification Strategies, defensive strategies, select one (1) strategy from each of the categories which you and your team can pursue to ensure success applicable to the scenario presented. Explain clearly how the product/ service being offered would be actioned through each category.
Peter and his team are now prepared to proceed with finalizing their
business plan to launch their company. Considering how competitive the business sector is
today, it is important that they are aware of their alternative organizational strategies. It is
also important that they understand how to develop a sustainable competitive advantage, so
as to remain financially viable. The group is considering utilizing the strategy formulation
framework to aid in developing the company and its products. Further to discussion with the
Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must
encompass but is not sure what they are. assume the
role of Peter and his team. In doing so, complete the following:
1. Recommend an appropriate name for the company, along with a brief background on the
company. Indicate and describe, providing full details, one of the new products or
services that the company intends to offer in the Textile, Clothing and Footwear sector.
Pictorial representation can be included where required of the product/service.
3. Based on each category of alternative organizational strategies ( Integration Strategies, Intemsive strategies, diversification Strategies, defensive strategies,
select one (1) strategy from each of the categories which you and your team can pursue to
ensure success applicable to the scenario presented. Explain clearly how the product/
service being offered would be actioned through each category.
Step by step
Solved in 4 steps
