Formulating competitive strategy for firm is complex task

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Formulating a competitive strategy for a firm is a complex task.

a) Evaluate the broad competitive strategy options, for creating value for customers, that firms have available to them.

b) For each broad strategy option that you identify, outline the challenges faced in sustaining the competitive advantage conferred by that option.

Definition of disruptive innovation : Provide a definition of “Disruptive Innovation” and a graphical representation.

Reasons for and against strategy of diversification : Describe the reasons for and against a strategy of diversification.

How communication obstacles and strategies to mitigate : Compare how communication obstacles and strategies to mitigate their negative effects would differ when dealing within organizations on global scale

Social media should be integrated into all operations : x"Social media should be integrated into all operations, from sales to marketing, from hiring to firing, and for ongoing sustainability."

Formulating competitive strategy for firm is complex task : Formulating a competitive strategy for a firm is a complex task.

Discussing the performance of organizations : Strategy is a concept that is regularly used when discussing the performance of organizations.

Provide two examples of high-profit industries : Provide two examples of “high-profit industries” and two examples of “low-profit industries”. Briefly explain your choice.

Differentiation are main sources of competitive advantage : Cost leadership and differentiation are the two main sources of competitive advantage.

Discuss the main reasons why existing organizations : Discuss the main reasons why existing organizations often fail after disruptive technological changes.