Strategic and Organizational Requirements for Competitive Advantage
- Topics:
- Competitive Strategy
- Tags:
- Business Strategy,
- Competitive Advantage,
- Industry,
- Management,
- Strategy,
- University Of Saskatchewan
- Source:
- University of Saskatchewan
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Overview: Formulating an effective business strategy for a firm is a complex task. How best to compete in an industry is one of the major determinants that influence managersÆ choices of business strategy. The life cycle stages of the industry and the rate of technological change are two drivers that have significant impact on industry evolution. This paper develops a typology of four types of industry environments: Fast Growth; Wild, Wild West; Steady Evolution; and Creative Destruction. To operate effectively in each type of industry environment, managers may select among four business strategies: Concept Drivers, Pioneers, Consolidators, and Concept Learners. This paper presents the various strengths and challenges posed by each strategy and how managers can overcome these.
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Format: PDF | Size: 768KB | Date: Jan 2005 | Pages: 15
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