Tuesday, July 23, 2019
A Capstone Experience (Crafting a Strategy to fit the Business 2) Assignment
A Capstone Experience (Crafting a Strategy to fit the Business 2) - Assignment Example In creating a competitive advantage, a firm should develop ways of outshining the competing rival in the market. A weak strategy is one that could be different from the others, but can be accessed easily by other competitors (Kourdi 2003). It is difficult for the success of the company to come from one with a strong business model and a corresponding weak strategy. The companys strategy is meant to create a competitive advantage for the firm in the market place. It should act in the interest of the company to implement the requirements of the business model. A weak strategy would not meet the demands of the firm in the market, as it would be similar with the competitors, thus doing little good for the benefit of the firm (McGrath 2013). In conclusion, even with a strong business model, a weak strategy could lead to the fall of the firm. With a different product in the market, a firm could have a competitive advantage and outshine the other competitors. However, the success would not be possible with a weak strategy. The business model is the machinery part that strives to achieve the objectives of the business strategy. Thus, the weak strategy would undermine the working of the business model. A strong business model would work hand in hand with a strong
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.