MBA Strategic Management for Strategies - MyAssignmenthelp.com

Question: Discuss about theMBA Strategic Managementfor Competitive Strategies. Answer: The given report deals with the article Competitive strategies and their shift to the future by Salavou. In this article, the author reflects the importance of a competitive business strategy in order to sustain with respect to the existing competitors. In modern times, there is an intense competition among all the business organizations. It is of great essence for all the business organizations to develop a level of core competency in order to sustain their business for a longer period. Due to this reason, they need to do think out of the box and a pure business strategy will not serve their purpose. Due to this reason, it can be inferred that a hybrid business strategy will serve their business. In case of Porters generic strategy, it is of great importance for the firm to select an appropriate differentiation strategy, which will suit their style of business. Such differentiation strategy will not only serve their purpose, but, also, will help them attain a level of competency in terms of their competitors. Porters generic strategy reveals two key important strategies, which are cost differentiation and differentiation focus. A successful organization may chose both of them in order to outsmart their existing competitors in the market. In addition to this, it can be also inferred that in case of Bowmans strategy clock, if the organization opts for differentiation and hybrid strategy, then, it will be highly successful in maintaining a higher amount of perceived customer value with respect to its competitors. Apart from this, this will also give the organization to gain the loyalty of the customers and thus, it will also increase the market share of the given firm. Due to this reason, it can be concluded that the modern business organizations need to focus on a hybrid strategy to make a mark in the market. Bibliography Rothaermel, F.T., 2015. Strategic management. New York, NY: McGraw-Hill. Slack, N., 2015. Operations strategy. John Wiley Sons, Ltd.