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Discussion_Week3

Discussion_Week3

Q 1. Critique a variety of generic strategies that can be used to achieve organizational goals and objectives 2. Assess a company’s corporate culture and how it might affect a proposed strategy 3. Examine the basic types of strategic alliances Prompt: Research a domestic company that has not performed well overseas (do not use Walmart or Best Buy). Questions: 1. Using the concepts presented in the required readings, identify circumstances that may affect the decision to downsize and withdraw from the country. 2. Why do some companies choose to stay open abroad in spite of diminishing returns? 3. Outside research may be required to thoroughly answer questions posed.

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There are various strategy tools that have been designed for organizations to analyse and chalk out plans for a profitable journey. One such tool is Porter’s generic strategies. It revolves around how an organisation can gain competitive advantage through the market scope of their choosing. In this concept Michael Porter puts forward that there are three aspects of generic strategies that are cost leadership strategy, Differentiation strategy and focus strategy. Cost leadership means that the firms should work towards in the consumer best price which can be an average of the market price or lower than the competitors.