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    Cost leadership strategy

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    Cost leadership strategy.

    ââ?¬¢Research your assigned strategic options.
    ââ?¬¢Discuss how the strategic options can be employed to create and sustain a competitive advantage.
    ââ?¬¢Discuss the strategic options' pricing, features, and the clientele base for the social networking application.
    ââ?¬¢Discuss the pros and cons of the strategic options.
    ââ?¬¢Make a recommendation to the group on whether to use your strategic options.
    ââ?¬¢ââ?¬¢Discuss which of the strategic options you recommended and why.

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    Solution Preview

    The strategic option related to Cost Leadership strategy can be effectively pursued to sustain competitive advantage by offer high quality services to customers at very low costs. Customers will perceive our services as very good "value of money" and will subscribe to the services provided by our social networking website. We will focus on reducing our cost of operations by pursuing low cost operational strategies such as lean structure, virtual offices and outsourcing to low cost countries to ensure that our operational cost is minimal. We can pass these benefits to subscribers and advertisers on our site via low cost pricing. This will help us in penetrating the online marketplace and obtain competitive advantage against other ...

    Solution Summary

    Cost leadership strategy.

    ââ?¬¢Research your assigned strategic options.
    ââ?¬¢Discuss how the strategic options can be employed to create and sustain a competitive advantage.
    ââ?¬¢Discuss the strategic options' pricing, features, and the clientele base for the social networking application.
    ââ?¬¢Discuss the pros and cons of the strategic options.
    ââ?¬¢Make a recommendation to the group on whether to use your strategic options.
    ââ?¬¢ââ?¬¢Discuss which of the strategic options you recommended and why.

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