Search the library and Internet, and provide an example of a successful retail business that competes on the global economic market. How has this led to its competitive advantage?
Provide specific examples to support the points in your post.
Growth and Business Strategy
Business strategy is an essential part of a corporate in gaining competitive advantage. Elements of business strategy and their importance are:
Competencies: These are areas where a company does well over others. Competencies provide competitive advantage.
Efficiencies: There could be competencies in some areas but there could be other areas where the company is exceptionally efficient.
Synergies: Business strategies also take into account company's particular synergies. For example a company that has advantageous location requires a strategy very different from another company that has to lure customers ...
The expert examines examples of a successful retail business that competes on the global economic market. How a situation has led to its competitive advantage is given.