Analyze the business-level strategies for the corporation you chose to determine the business-level strategy you think is most important to the firm's long-term success
Sample Solution
The business-level strategy that I think is most important to the long-term success of my chosen corporation, Amazon, is innovating to stay ahead of the competition. Amazon has an edge over competitors due to its unrivaled customer experience and focus on innovation. Over the years, Amazon has consistently been investing in R&D and introducing new products such as Alexa, cloud computing services (AWS) and more recently its own retail stores (Amazon Go). These have helped maintain their competitive advantage over other companies by providing customers with innovative solutions to their problems. Additionally, they have also invested heavily in automation and artificial intelligence to improve efficiency while reducing costs. All these strategies are necessary for Amazon’s long-term success as they help it stay ahead of its competitors in terms of product offerings and service delivery.