Strategic choices in organizational decision-making
Strategic Choices - SWOT
"Competitive advantage" is approached with the seriousness of a science involving carefully chosen strategies for cost advantage and/or differentiation advantage. Achieving one or both of those advantages through the use of one or more of four strategic business methods ideally gives a company a significant competitive edge over its competitors. The Coca-Cola Company apparently uses three of these strategies to achieve a premiere position in the global beverage industry.
The achievement of competitive advantage is an apparently tireless quest using one or more of four basic strategies. "Low Cost" concentrates on delivering an equal or better product at a lower cost. "Differentiation" concentrates on delivering or at least seeming to deliver a product with more and/or better benefits than products delivered by one's competition. "Focus" uses either cost advantage or differentiation advantage in a targeted, narrow market. "Preemption" concentrates on being the first to innovate, produce, distribute, market, or engage in some other competitive business aspect. Using one or more of these strategies successfully can create a "superior value" giving a company a sustained competitive advantage over its competitors.
Geography midterm examination topics and study guide
This paper answers 5 definition questions and 2 short essay questsions for a geography midterm. The terms defined are as follows: loess, glasnost, Cyrillic alphabet, tsars, and laissez faire. The first short essay discusses religion in contemporary Europe, in terms of the rise of secularism, the fall of the Soviet Union, and Muslim immigration. The second essay discusses microstates in Europe by focusing on Andorra, Liechtenstein, and Vatican City.