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three primary strategies

I did most of the assignment and need help for the remaining, please read well this post and follow for help.

You will respond to the following discussion questions using high level critical thinking and writing skills:

? Discuss the three primary strategies (low cost, differentiation, and niche) that organizations can implement and explain how each can help the organization achieve a sustained competitive advantage.

? Discuss how an organization can manage the supply chain, backward and forward, to gain a competitive advantage in the marketplace.

? Discuss why an organization may need to change its culture and how it may proceed to make organizational culture changes.

? Discuss the concept of pricing strategy (cost +, value pricing) and how an organization can achieve a competitive advantage through its pricing strategy.

? Discuss the impact of operational efficiency and how it impacts an organization's competitiveness.

This assignment comes from this book: Crafting and Executing Strategy concepts and cases Custom Edition: 08 ? Strayer University
ISBN: 0077295897
Taken from: Crafting and Executing Strategy: the Quest for Competitive Advantage
Concepts and cases, Sixteenth Edition
By Arthur A. Thompson, Jr., A.J. Strickland III and John E. Gamble

Solution Preview

You will respond to the following discussion questions using high level critical thinking and writing skills:

? Discuss the three primary strategies (low cost, differentiation, and niche) that organizations can implement and explain how each can help the organization achieve a sustained competitive advantage.
Low cost strategy comes from exploiting the economies of scale. Typically, the company must be big and think big. It should develop strong buyer power in relationship with its competitors. Organizations can use this strategy to achieve sustained competitive advantage through efficiency. The company is able to maintain its competitive advantage through mass production, mass distribution and economies of scale. New entrants will not be able to match the scale of operations of a well-entrenched competitor. For example, Wal-Mart is showing positive results even in a weak economy.
Differentiation means creating and sustaining competitive advantage through making of product or service that is unique. This competitive advantage can be sustained because the company earns higher profits and so can afford to invest in innovations. The innovations may be new products or new features in existing products that sustain the differentiation in the market.
Niche marketing focuses on a selected segment. If the segment is narrow, a company can sustain its competitive advantage because its innovations and brand are targeted at the niche. The company is able to sustain competitive advantage by selecting the niche so that competition is weak, there are few substitutes, and the company develops a deep understanding of the needs ...

Solution Summary

three primary strategies are discussed in great detail in this solution.

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