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3) Firms who work together to achieve a shared objective are using a cooperative strategy [of one sort or another]. Discuss the key reasons that some firms choose to use a cooperative strategy. Are these reasons of equal validity or legitimacy? And, given that not all cooperative endeavors achieve success, what are a few of the reasons why this might be so?
There are several reasons that a firm would chose to use a cooperative strategy. Cooperative strategies help create value for the customer along with putting the company in a good position in regards to their competition. Both of these reasons are of equal validity and legitimacy, since they allow a company to leverage their resources for the overall good of the company. Not all cooperative endeavors achieve success in the end even though they start out with good intentions. Every cooperative endeavor is taken on with a certain amount of risk and uncertainty. And since it is impossible to predict the future there are always going to be things that happened that are out of your control and that you did not plan for from the beginning.
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Is the firm successful in the following one (or more) generic strategies? Why or why not? What do you believe are some of the challenges the firm faces in implementing these strategies in an effective manner?
If you look at Wal-Mart you can see that they use the Cost Leadership strategy very effectively. The low cost leader in the market has competitive advantage over everyone else. Being the low cost leader does not always lead to low prices but in Wal-Mart's case it does. They shave costs off every element of their value chain. Their products tend to be no frills, but they are exactly what their customers want. One challenge that Wal-Mart faces in implementing this strategy in an effective manner is keeping a good group of suppliers that allows them to continue to offer the low price products that they have become so famous for. Keeping prices down and their customers happy is the key to their success.
Strategic positioning is the positioning of an organization (unit) in the future, while taking into account the volatile environment, plus the systematic recognition of that positioning. The strategic positioning of an organization includes the planning of the desired future position of the organization. On the basis of present and foreseeable progress, and the making of plans to realize that positioning. The strategic positioning method is devised from the business world. The method
Management vs. leadership in nursing Managers and leaders, though they are often thought to mean the same thing, are actually different people in an organization. Managers are involved in controlling and guiding the activities in the organization through effective supervision and handling while leaders are those who motivate their followers towards meeting a common goal. There are also significant differences in the characteristics and behavioral descriptions of managers and leaders. However,
Management Strategies The History of Apple Corporation Strategy Development and Implementation The History of Apple Corporation The corporation has an exciting history, as it has transformed to the biggest and most successful technology firms in the world, under the best managers of time. Both the employees of the firm, the management and the product consumers have been linked to the firm's success. The firm was started with the two Steves, who from their early
Strategic Project Management: Project Firecracker National Corporation is a big name in the industry and is operating successfully for more than hundred years. The company has annual sales of about $600 million and there are around 8000 employees. The company is a large multinational and produces specialty machines, components, and tools for different automotive and aircraft manufacturing companies. The organizational structure of the company is strictly mechanistic and bureaucratic. The company is
Strategic Management Action: Strategic Position, Choices, And Strategy Implementation Strategic management is stated to be the "process by which an organization formulates its objectives and manages to achieve them. Strategy is the means to achieve the organizational ends." (Thomas, nd) Managers are required to have a strategic vision in order to become strategic managers and implement strategic management initiatives. The strategic vision of the manager is inclusive of the following elements: (1)
Strategic Case Study Woolworths Supermarkets Strategic analysis External analysis Turbulence model Porters' five forces 6O/Ts evident Competitive strengths Competitive position in the market Weakness evident Mission statement Vision Strategic objectives Ethics matrix Stakeholder theory analysis Key broad business-level and international strategies Strategic implementation: General perspective Key strategic implementation issues Strategic evaluation Current and future prospects and recommendations Woolworths Supermarkets Woolworths Supermarkets is one of the largest supermarkets in Australia. The Woolworths Supermarkets has been in service for the last decade and has done a lot of production and growth in the