Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. Based on each category of alternative organizational strategies discussed in the course, select one (1) strategy from each of the categories which you and your team can pursue to ensure success applicable to the scenario presented. Explain clearly how the product/ service being offered would be actioned through each category. 1
Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are.
Based on each category of alternative organizational strategies discussed in the course,
select one (1) strategy from each of the categories which you and your team can pursue to
ensure success applicable to the scenario presented. Explain clearly how the product/
service being offered would be actioned through each category. 1
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