Read this essay to learn about the business level or competitive strategy where the emphasis is on developing and implementing strategies in specific business area to gain competitive advantage and build market share. Essay on Business Strategies The concept of industry structure helps a company develop a set of responses that includes: i. Building defences against competitive forces through the [...]
Read this essay to learn about the frameworks that serve as good starting points for developing business strategies. Essay # 1. Porter's Generic Strategies: Michael Porter developed the most commonly cited generic strategy framework. According to Porter's typology a business unit must address two basic competitive concerns. First, managers must determine whether the business unit should focus its efforts on [...]
The initiative of corporate management are not limited only to choice of business portfolio or resource allocation. The list of tasks also includes a number of other strategic activities, such as internalisation of business, turnaround of under performing SBUs, determination of routes to be adopted for implementing growth directions, acquisition of new competencies, repositioning of the firm under changed environment, [...]