Question: Having a competitive strategy could be the key to having a successful business. A company can utilize a number of competitive strategies to compete and

Having a competitive strategy could be the key to
Having a competitive strategy could be the key to having a successful business. A company can utilize a number of competitive strategies to compete and be successful in their particular market, but businesses all want to give their buyers or clients what they perceive as a superior value compared to what their rivals are offering to those same buyers or clients. A competitive strategy primarily deals with the specifics of management's game plan for competing successfully and securing a competitive advantage over rivals in the marketplace. This chapter describes the five generic competitive strategy options for building a competitive advantage and delivering a superior value to their customers. Task Read the assignment, then reflect on what you have learned in the chapter, then compose your discussion in your own words. Be sure your discussion is substantial and consist of at least 100 words. Next, read the posts of two or more of your classmates and respond to their discussions with 50 to 100 words. Assignment Discuss 2 or more of the 5 competitive strategies and explain why you selected those strategies. Also, identify a business you believe uses the strategies you decided to discuss

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