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Open Discussion 2

Open Discussion 2

Q Five Generic Strategies & Porter’s Five Forces Analysis ungraded This discussion will provide you an opportunity to investigate different competitive strategies. ________________________________________ What to Post? Please identify each of the competitive strategies and then identify a company that pursues one of those strategies. Finally, discuss why you believe they chose their specific competitive strategy. For instance: Walmart/ Low Cost Leadership strategy. Chosen because they can achieve cost savings along the value chain that enable them to gain a competitive advantage in their industry by being the lowest cost provider. This discussion will enable you to research and discover different companies pursuing the various strategies and why they chose to pursue specific strategies. Challenge Question: What are the competitive strategies? • Post your response to this Open Discussion Board. • Respond to at least one classmate. ________________________________________ Purpose: By completing this activity, you should be able to see a personal connection between the ideas behind the formation of strategy and how that actual strategy impacts the company. Requirements: Post your initial response to the discussion question no later than Thursday 11:59 PM EST/EDT. Respond to at least one of your classmates no later than Sunday 11:59 PM EST/EDT. If you are posting your initial response, select the Start a New Thread button. If you are responding, select the Reply to Thread button for the thread you wish to respond to.

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The competitive strategy consists of the business approaches and initiatives undertaken by a company to attract customers and to deliver superior value to them through fulfilling their expectations as well as to strengthen its market position. Thus, the concept of competitive strategy (as opposed to cooperative strategy) has a competitor-orientation. The competitive strategy includes those approaches that prescribe various ways to build sustainable competitive advantage. Management’s action plan is the focus of the competitive strategy. management adopts an action-plan to compete successfully with the competitors in the market. It also aims at providing superior value to customers.