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    Competitive Strategy in Business

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    - Determine the factors that should be evaluated when creating competitive strategy of a business. For each factor, indicate its significance. Provide support for your answer.
    - Evaluate whether or not the business strategy is dictated by the industry or type of business. Provide an example of an industry and your rationale.
    - Evaluate Panera Bread's strategy and its effectiveness with executing the strategy within the competitive fast-casual restaurant marketplace.
    - Discuss the pitfalls to this strategy and the potential impact to the performance of Panera Bread.
    - Select one of Panera Bread's competitors and discuss a disadvantage that Panera has with the competitor and how this disadvantage may be overcome.

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    https://brainmass.com/business/competitive-advantage/competitive-strategy-business-509434

    Solution Preview

    Determine the factors that should be evaluated when creating competitive strategy of a business. For each factor, indicate its significance. Provide support for your answer.
    -The extent in which the business strategy is unique.
    -The extent in which the business strategy is efficient which results in customer benefits.
    -The extent in which the business strategy leverages profit boosters which generate above industry standard returns.

    Evaluate whether or not the business strategy is dictated by the industry or type of business. Provide an example of an industry and your rationale.

    To an extent, business strategy is dictated by the industry or type of industry. For example, if the person is in the market for a fuel efficient car, usually they will have several options. Often you will see commercials that compare their product to another product in the same category. The first to market usually sets the standard on how to market the product. The ...

    Solution Summary

    The expert examines competitive strategy in businesses. The pitfalls of the strategies are determined.

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