Should a business stick to its competitive strategy all throughout its life cycle?

Q: Business Strategy is about managing uncertainty, opportunity and enterprise. How does a firm…

A: Business growth can be defined as more sales of the product in the market and a successful company…

Q: What are the two basic strategy options for creating a competitive advantage?

A: The competitive strategy provides an area for the organization to become efficient in and sustain it…

Q: What is more important for a firm–profit maximization or value maximization? What issues or conflict…

A: The rule of profit maximization refers that firm emphasizes on the maximization of profit.

Q: How can a company gain a competitive advantage by having higher productivity than its competitors…

A: A competitive advantage may be gained through offering the consumer a greater value as compared to…

Q: How can the firms understand their competitors?

A: Business refers to an activity of trade where sale and purchase of either goods or services is done…

Q: Bringing IT and the business strategy into alignment.

A: Business-IT alignment is a business strategy that prioritises the integration of IT operations with…

Q: Can a business ever be successful with a combined cost leadership and differentiation strategy?

A: Cost Leadership is where the company tries to establish itself by having a competitive advantage of…

Q: What strategy should a business manager follow to increase the competitiveness of his business?

A: Competitive advantage refers to an attribute that can make a company outperform its competitors by…

Q: Why is it important for a business to analyze the competition?

A: Competitive analysis can be stated as the strategy that generally refers to the searching about the…

Q: Compare the evolving company orientations used to adapt to the fast-changing competitive…

A: Organizations may have any from these orientations.   Item orientated:- giving little consideration…

Q: Can you identify the core competencies of your company? Do they currently contribute to a…

A: Every company will have lots of strength and weaknesses based on which it will try to grab the…

Q: How do you use the Competitive Forces model?

A: Competitive forces model are as follows: Intensity of rivalry Threat of potential new entrants…

Q: In the long run, how much will managers in a competitive firm produce? Explain adjustment to…

A: The following will happen in the long run: The managers in a competitive firm will be allowed to…

Q: how does a company maintain competitive advantage?

A: The important aspect of business that helps a company to outperform and gain an advantage over…

Q: How can an organization make its competitive advantages sustainable over time?

A: Market competition is highly evitable in the market for the purpose of achivement of more sales and…

Q: How can a firm best achieve sustained competitive advantage?

A: For any company, its growth in the market place is very important and gaining their market share…

Q: Identify the organization’s competitive advantage. I

A: Competitive advantage refers to factors that allow a company to produce goods or services at a low…

Q: What is a company trying to achieve when it embarks on strategic planning?

A: The strategic planning of an organization is the documentation and form a direction for the…

Q: Explain why Management has little control over the competitive environment confronting a firm?

A: Management: It is a procedure of doing things with the help of others. It involved managing,…

Q: In any business, how is competitive advantage best sustained?  How can rivals chip away at a…

A: Competitive Advantage -  It is the advantages which are provided to the competitors of the business…

Q: In examining the competitive dynamics within an industry, we discussed the need to first ascertain…

A: Competitive dynamics refers to the actions taken by competitors or business rivals in a competitive…

Q: What kinds of changes in the competitive environment occur when an industry begins to mature?…

A:

Q: opportunity, and enterpr

A: Businesses exist to make benefits by offering merchandise and ventures in the commercial center at…

Q: Can competitive strategies be sustained? Why or why not?

A: Competitive strategy work in a long-duration organization's plan to maintain their market status and…

Q: In how many ways can managers create a competitive advantage so that they can compete against their…

A: Michael Porter identified three tactics that managers may use to gain a competitive edge over their…

Q: Using the right strategy to face the competitive forces may give the company a competitive advantage

A: The statement is:

Q: Which are the three types of competitive advantage?

A: In business, competition is one of the major problems that entrepreneurs face when trying to make a…

Q: There are some corporate strategists who have suggested that firms focus on maximizing market share…

A: Corporate strategy:- Corporate procedure is a remarkable arrangement or structure that is long haul…

Q: In terms of environmental factors and risks, what type of strategies would provide value to the…

A: Environmental factors and risks are best defined by PESTEL - external factors Political factors…

Q: How do successful firms derive their competitive advantage?

A: A competitive advantage in business is the characteristic that gives consent to a corporation to…

Q: Discuss what are potential sources of competitive advantage for a company? Give examples

A: Competition in business is no exception, and it can make or break your organization. While it's…

Q: Explain How can technology improve competitiveness ?

A: Technology can improve competitiveness by focusing on core competencies and attract or retain…

Q: What is a competitive strategy

A: Strаtegy  is  а  generаl  рlаn  tо  асhieve  оne  оr  mоre  lоng-term  оr  оverаll  gоаls  under…

Q: Give at least twoKey Performance Indicators for Financial, Social, Human, Intellectual, Manufactured…

A: Key Performance Indicators are the Indicators through which a company measure it's performance to…