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How will you differentiate your business

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Question: Each person will be responsible for coming up with their own strategic plan. Working by yourselves encourages divergent thinking and maximizes the input of each team member, so you will first develop an individual plan which outlines your personal opinion of how your team should compete in the Power Inverter industry.

To aid in this endeavor, you will read an article entitled "Are you sure you have a strategy?" by Hambrick and Fredrickson, which lays out the five elements of the strategy diamond. This article will be posted to the course website. Things you should think about when devising your strategy:

- Where will you compete? What market segments (products, regions, etc.) will you pursue?

- How will you differentiate your business? Innovation? Brand reputation? Price? Service and delivery?

- How will you obtain your returns? High volume, low price? Premium pricing in a niche market? Some combination?

- What will be the speed and sequence of moves for your business?

Case Study - Cornell Management Simulation Power Inverter Business Case

Reference no: EM133267587

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len3267587

11/7/2022 9:58:11 PM

How will you obtain your returns? High volume, low price? Premium pricing in a niche market? Some combination? What will be the speed and sequence of moves for your business? The details are in the attached files. NO REFERENCES PLEASE ORIGINAL WRITE UP

len3267587

11/7/2022 9:57:48 PM

I need 3 pages write up on the following questions: Where will you compete? What market segments (products, regions, etc.) will you pursue? How will you differentiate your business? Innovation? Brand reputation? Price? Service and delivery?

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