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 [...]
In this article we will discuss about:- 1. Resource Base of a Firm 2. Value Chain Analysis of a Firm 3. Efficiency and Effectiveness of Resource Utilisation 4. Comparative Analysis of Strategic Capabilities 5. Appropriateness of Organisation and Human Resource Management. Resource Base of a Firm: The resources of any company can be classified into the following broad categories: [...]
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 [...]