Reference no: EM133621319
Assignment: Strategic Approaches to Competitive Advantages
Strategy is an organization's action plan to achieve its mission, whether that is flying airplanes or building them. Firms have several different ways to achieve their mission, and these strategic concepts can provide an advantage over your competitors.
Based on your readings and resource review, you should be able to define the three strategic approaches (differentiation, cost leadership, and response) to competitive advantages. With these approaches in mind, identify a company and determine which approaches they use. While some companies may use a combination of the approaches, focus your paper on the one key approach used by the firm.
Write a 500 words (two-page) paper using the Writing Style Guide formatting.
Include the following:
Question 1. Explain, briefly, the three strategic approaches to competitive advantages listed in your textbook.
Question 2. Provide an overview of your selected company.
Question 3. Discuss which strategic approach your selected company uses and why they use that approach.