This post addresses competitive advantages and direction.
Not what you're looking for?
Competitive Advantage: What are three actions a firm can take to make itself competitive?
Directional Strategies: How might a firm employ each of these strategies?
Purchase this Solution
Solution Summary
The solution provides a detailed discussion examining how a firm can make itself competitive and how a firm can employ directional strategies. References are provided.
Solution Preview
One of the main ways that a company can make itself more competitive is to either diversify into different areas or to expand their current line of products within the same industry and product make-up. The company can do this by focusing on a plan for growth. By using a growth plan, management will focus on horizontal growth and devise a long-term, comprehensive strategy that is based on the diversification or product expansion that has been chosen.
The second way a company can increase their competitive advantage is to ...
Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Lean your Process
This quiz will help you understand the basic concepts of Lean.