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1) Explain how business -level strategy determines a firm’s strategic position
Reading chapter 6 in “Strategic Management” section 6.2 “Explain how business level strategy determines a firm’s strategic position.” I choose this topic, since we are always evaluating our long term “Strategic Business Level Strategic plan. Typically we do this every 4 years within my company, however we were just bought out by a private equity firm in December. According to our text book “Business level strategy details the goal directed actions managers take in their quest for competitive advantage when competing in a single product market” (Rothaermel, F. T. (2021). To formulate a business level strategy we need to answer who are the customer segments we will serve, what customer needs, wishes, and desires we will satisfy, why do we want to satisfy them, and how will we satisfy them. “To achieve a desired strategic position, managers must make strategic trade-offs choices, between a cost or value position” (Rothaermel, F. T. (2021). Using a generic business level strategy there are two fundamental strategic approaches. A differentiation strategy, or a cost leadership to determine a firm’s strategic position. Differentiation and cost leadership require distinct strategic positions, and in turn increase a firm’s chances to gain and sustain a competitive advantage.
I chose several article discussing factors influencing the strategic position of businesses. There were so many sources to choose from that reviewed several articles looking for common themes that are successful in businesses. One of the articles goes into depth what factors should be considered when developing a firms strategic position. They correlates with what the book discussed in chapter 6. “Your brand is a valuable business asset, making it even more important to stay on top of the factors that influence your strategic position” (Factors Influencing The Strategic Position of a Business, n.d.). Looking at Market conditions, competitive shifts, financial forecasts, resource reallocation, and of course the Business strategic planning position. “Positioning is always competitive. Positioning is vital to having a successful marketing strategy and a business growth strategy with the objective to increase company value” (Cabezas, 2014). With a fast changing market, products change, technologies change, competition changes and there is a constant flux. New companies, and companies from other industries, are trying to grab a piece of the action. All of these changes can influence positioning in the marketplace. Standard approaches to positioning are not enough; in fact, they may not necessarily work. To survive in dynamic marketplaces, companies need a new form of positioning.
With a firm finding their strategic position can be difficult, and you need to start with choosing the right strategy. “Figure out when it makes sense to pursue strategies of position, leverage or opportunity” (Furr, n.d.). We also need to understand our circumstances am I am in a stable industry, product life cycles, and expectation of the consumers. Position strategies involve selecting a valuable and unoccupied industry position and then building up its defenses. This is the strategy that is commonly associated with Five Forces analysis, where competitive advantage comes from constructing a fortress around an attractive market.
African Commission, which permits people and NGOs (in any event, when they are not immediate casualties) to bring cases under the African Charter, the Court doesn#8217;t permit programmed remaining to individual casualties and NGOs that frequently follow up for casualties #8211; the state against which they are grumbling initially needs to hold up #8216;an exceptional revelation tolerating the skill of the Court to hear basic liberties cases got along these lines#8217; . As a general rule, it is normal that most cases will be alluded to the Court by the Commission, very much like in the Inter-American framework wherein people and NGOs likewise don#8217;t have direct admittance to the Court, and where most of cases are alluded by the Inter-American Commission on Human Rights . Request Admissibility Criteria In both provincial frameworks, the petitions should satisfy a few acceptability standards prior to being heard. #8216;Depletion of homegrown cures#8217; is the standard that generally impacts haven searchers and evacuees. The Inter-American Commission has commonly managed the issue thoughtfully, holding for instance #8216;that where shelter looking for candidates face deficient methods for leading displaced person status assurance then the pertinent exemption for the prerequisite to deplete homegrown cures is locked in#8217; . In the African framework, the issue regarding whether shelter searchers and evacuees who have escaped the district against which they are appealing to in any case have to have depleted homegrown cures there first, has demonstrated combative and the statute is conflicting, apparently being more tolerant with the people who have been conceded exile status than with refuge searchers . For instance, in Communication 215/98, Rights International v Nigeria, the complainant is a Nigerian understudy who was allowed exile status in the US and for his situation the #8216;Bonus announced the correspondence acceptable because there was an absence of accessible and compelling homegrown solutions for common freedoms infringement in Nigeria under the tactical system#8217; . Conversely, Communication 247/2002, in the interest of Jean Simbarakiye v Democratic Republic of Congo, was announcegt;
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