3 how is competitive strategy related to problem

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3. How is competitive strategy related to problem recognition? Competitive strategy of any company enables the decision makers to formulate and implement a cost effective and product oriented policies in order to sustain in the market. The problems can also be recognized with this strategy by finding out the needs and requirements of the consumers. The second phase will be the analysis of the buying behavior of the consumers. There may be some kind of problem in that. It shows a group of people or organizations that generally buys the products and services of some business group or company. One can say that the actual boss in any deal of business is the customer. They are wholly responsible for the actual profit of the organization. 4. Define “problem recognition” and provide an example from your own life where you recognized and solved a product-related problem. The realization of an issue the has or may come up during the performance of a process. I had a pair of Nike shoes that were falling apart only after 3 months of casual wear. I contacted Nike and returned the product for a Nike.com credit. 5. How should the gap between what you have (actual state) and what you want (desired state) be evaluated?
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  • Summer '13
  • McBee
  • Marketing, Problem Recognition

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