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Factors that influence a company's competitive strategies

Discuss the various factors that influence a company's competitive strategies and compensation practices. Assess how a company can mitigate these factors using effective compensation practices.

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Some of the most important factors that influence a company's competitive strategies include competitor's moves and actions, general economic and industry conditions, internal strengths and weaknesses and external opportunities and threats, consumer needs and preferences, technological changes, etc. For example, organization competitive strategies are often based on what the competition is doing currently or intends to do in the near future. ...

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Discuss the various factors that influence a company's competitive strategies and compensation practices. Assess how a company can mitigate these factors using effective compensation practices.

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