Question: Please read the Point-Counterpoint discussion below and make an original post answering the following guestions: 1) Do you agree more with the point or counter-point
Please read the Point-Counterpoint discussion below and make an original post answering the following guestions: 1) Do you agree more with the point or counter-point arguments? Why? 2) Can you give a personal or real-world example to support your position? 3) What course concepts you have learned about are best applicable in this context? Demonstrate your understanding of the concept. Please respond in depth-your post should be at least 250 words. Please note, a simple, one or two sentence post agreeing or disagreeing with the point/ counterpoint is insufficient and will not be graded. Point: Michael Porter argued that strategy is about building sustainable competitive advantage by performing different activities from rivals, or performing similar activities in different ways. This implies that before entering a market, a strategic leader should determine the firm's competitive positioning in advance by analyzing the industry, their rivals, and their internal capabilities. This is why companies like Apple and Tesla have been so successful. Counter-point: A strategic leader does not necessarily need to come up with a strategy in advance. In many situations, a firm could adopt an approach of trial and error- they could try something, learn from it, and subsequently improve to correct deficiencies. When Japanese companies like Honda and Toyota entered the US market, they did not have a very clear strategy on their competitive positioning. They decided to "move first, strategize later" and focus on operational effectiveness. Their success proves that one does need to have a clear strategy on competitive positioning before entering a market
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