Superior Essay Writers | How business leaders know how to choose the best strategy for an organization

How business leaders know how to choose the best strategy for an organization

How do business leaders know how to choose the best strategy for an organization? This question can be complex and nearly impossible to answer because there are multiple strategies that organizations can integrate, and some may work better in certain situations than others. For example, if a company produces luxury cars, it may not want to pursue a strategy that includes offering the lowest price in the market because that could be interpreted as a compromise on quality or some other aspect that consumers in that market might expect. Likewise, a company that competes in a market that is saturated with other brands of the same product might find that creating a cost-cutting strategy would allow it to be more profitable and to achieve a competitive advantage.

In this Discussion, you will play the role of consultant and will give a selected organization some recommendations for what strategic approaches they should take to achieve competitive advantage.

To prepare for this Discussion:

Identify an organization with which you are familiar that is in need of a change in its strategy in its pursuit of competitive advantage.
Review this week’s Learning Resources, focusing specifically on the different competitive strategies and strategic frameworks you have learned about in this program. Consider the concept of the Blue Ocean strategy, as well as Porter’s five forces, vertical integration strategies, and others.
Review the Academic Writing Expectations: Capstone Courses document, provided in this week’s Learning Resources.
Time Estimate: 82 minutes (40 minutes for Chapter 5; 42 minutes for Chapter 6) WolvesAndFinance. (2018). What is competitive advantage? Links to an external site.[Video file]. Retrieved from https://www.youtube.com/watch?v=PeCCT7CKpYA

Post a 225- to 300-word (3- to 4-paragraph) analysis of how your selected organization can use competitive business strategies to create competitive advantage. In your analysis, include the following:

Examine two strategies that the organization could take to create and sustain competitive advantage. Explain why these strategies could be effective for the organization’s achievement of competitive advantage.
Devise recommendations for how the organization could implement a Blue Ocean strategy or strategic approach to achieve and sustain competitive advantage.
To support your response, be sure to reference at least one properly cited scholarly source

Sample Solution

By and large, a quantitative and practical structure naturally restricts the extension on the kinds of causes EA upholds. In the event that one goes on GiveWell’s site, the causes that are all recorded as needs address the issues of Jungle fever, Deworming, and Vitamin A Supplementation; the exemption for this is GiveDirectly which gives gifts straightforwardly to the guide beneficiaries. EA is accomplishing its objective by mitigating enduring and lessening the untimely death toll by supporting these projects, yet they don’t recognize the foundational wellsprings of these issues. In this sense, reactions of EA being strategically visually impaired are basically dead on. Notwithstanding the system, a large number of the EA partners and members have impacted the method involved with embracing causes. GWWC was created by Oxford reasoning alumni understudies, and GiveWell sprung out of Silicon Valley . In that capacity, large numbers of EA’s devotees comprise of youthful, white, male, taught, scientific savants, and laborers in the tech business. As EA developed doing great extended from zeroing in on individual gifts battling worldwide neediness to directing individuals into picking professions that would permit one to have a greater effect with 80,000 hours, and with the Open Way of thinking Venture (OPP) stretching out of GiveWell and diving into research for how to make viable huge scope changes. As this development happened EA began giving a ton of consideration to Worldwide Horrendous Dangers (GCRs) or Existential Dangers (X-gambles) and possibly dealing with their counteraction. GCRs are occasions that might actually cause human annihilation, like Atomic Conflict, Worldwide Pandemics, and Man-made reasoning (computer based intelligence) which is the one that EA gives the most consideration to. Numerous EA partners are anxious about the possibility that that a colossal X-risk is computer based intelligence turning out to be progressed to such an extent that it will cause human eradication. The support for zeroing in on GCRs, impossible though likely issues, is basic math. As per Viable Altruists, there is more worth in saving billions of lives soon from a danger that has a minute possibility happening rather than saving present-day worldwide residents who are enduring, no matter what the capacity to make a difference either way with the GCRs or not. EA offers extra contentions for supporting X-takes a chance on its causes page by making sense of “dangers might become significant in the a long time to come” and they refer to a Worldwide Devastating Dangers overview to back up this case. However the overview shows the inverse, which is that the majority of these dangers won’t have significant effects would it be advisable for them they occur. Besides, EA and different defenders of the moderation of X-chances conflate their help of the reason to protection as we pay for security from far-fetched harmful occasions on a singular level and EAs figures we ought to do as such on a worldwide aggregate level . The regular reason for supporting man-made intelligence and other X-chances is that while the dangers are probably not going to happen, they’re exceptionally conceivable and profoundly harming would it be advisable for them they happen. Those two realities supersede the implausibility factor as indicated by EAs.>

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