bus 475 discussion week 3

bus 475 discussion week 3 - What are the different types of...

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What are the different types of strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization? There are several types of strategy that deal with successful strategic competition that include, “efforts to please customers, its offensive and defensive moves to counter the maneuvers of rivals, its responses to whatever market conditions prevail at the moment, and its initiatives to strengthen its market position” (Thompson, Gamble, & Strickland 2006 p.113). Efforts to please the customer vary depending on the organization, whether it is a service or manufacturing type of organization. Price, quality, and delivery are typical traits a customer looks for when weighing competitive advantages. An organizations offensive and defensive strategy’s to counter rival maneuvers is similar to a game of chess. Ensuring that an organizations tactical and risk mitigation plans are aligned to the organization and market can overcome most competitors. Responsiveness to customer needs is always a competitive advantage. Lessons learned from professional experience has taught my organization that price is not always king if the competitor cannot deliver on-time, or produce a quality product. The above tactics may strengthen an organizations market position, but there is no better way than performing an accurate SWOTT analysis that provides an organizations strengths and opportunities as well as identifying the competitions weaknesses and threats. Differences of these strategies depend on the costs to implement them. For example, pleasing the customer has a variety of implications and ensuring profitability is obtained is determined by what the customer will pay for and what they will not. This is a direct correlation to what an organization will determine as the type of strategy that works best for the organization and the customer.
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This note was uploaded on 01/27/2012 for the course BUS 475 475 taught by Professor Webster during the Winter '09 term at University of Phoenix.

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bus 475 discussion week 3 - What are the different types of...

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