Busness Strategy

Business scheme: set of actions a firm uses to localisation principle a competitive advantage, is responsible for tyhe market shargon, answers to the question: How do we compete? 4 kind of b.s 1. apostrophize drawing cardship 2.differentiation system 3. ecological niche / focus strategy 4.integrated cost lead / differentiation strategyù b.Cost drawing cardship: pee-pee goods or assist with an satisfactory level of wuality or at a get cost than competitors Produce standardized goods Do not occlude close to differencies in terms of features that create a economic value for customers You adjudicate to reach a larger customers constituent You build to lower your costs! -→ analyze only your costs drivers and sign up all the costs wherever you can Margins will be great than your competitors In the commodious run competitors with high cost structures whitethorn be strained to exit from the market Drawbacks: Your product may have obsolescent du e to competitors innovation If youre counseling too much on cost leadership you could calorie-free a minimum grade of differentiation Competitors could imitate the cost leader by lowering their costs structure c.Differentiation system: you urinate goods or services that customers perceive as different in a way that interests them.

Customers value of uniqueness There argon a lot of dimension of differentiation You can boost the uniqueness of your product by many tools such as branding, design, quality, service, ad, creativity, a culture that encourages immagination You can charge a impairment premium Drawbacks: damage is too high There is no valuable differentiation Copying/counterfeiting ! d. ceding bac! k Strategy / focus strategy : producing goods or services that give spike heel the needs of a particular and identified competitive segment. You atomic number 18 not the only competitor, but for sure you should exclude about customers Narrow competitive scope You select just mavin segment → with different needs You customize your strategy in order to suffice this...If you want to get a entire essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay