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different types of strategies

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What are the different types of strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization?

What is the difference among strategic, long-term, and short-term objectives? What is the relationship between objectives and goals? What are examples of this relationship?

What is corporate governance? What role does corporate governance play in strategic planning? Why is it important? Explain your answer and provide an example.

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strategies

What are the different types of strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization?
There are three types of strategies. These are cost leadership, differentiation, and focus strategy. The differences are that in case of cost leadership strategy the firm seeks to win the market by attracting cost-conscious customer or the price sensitive customers. In case of differentiation, the firm differentiates its products to compete successfully, and in case of focus the firm limits its scope of operation where it uses differentiation and cost leadership.
if my organization has can operate at lower cost than its adversaries it should go for cost leadership, if my organization has unique resources or capabilities it should go in for differentiation strategy. if my ...

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Hatim Baxamusa, MBA
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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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