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The Background
Why firm need to stay competitive. The importance in forecasting. What factors are there to look into.
The Scenario
The uncertainties of changes. The vitality of an appropriate strategy.
Problem Statement
Less than 10% successful rate of formulated strategies Strategies fast obsolete period. Historical data recognizes hyper-competition condition. The survival.
The Limitation
Time constraints Costs Accuracy
LR- Introduction
The function of a corporate strategy. The exploitation of firms abilities and resources. Being optimistic upon opportunity.
Differentiation
The focus strategy can be adopted by differentiators or cost leaders, but differs in that it targets a market niche rather than the broad market Differentiation is usually costly. To be different, firm is said to invest in particular resource; tangible and intangible. This is to create unique in the sense of process, product and service offering better than competitors.
Cost Leadership
Seek to achieve above average returns. To attain relative cost advantage. The adverse of differentiation strategy.