Essay info
Contact us
Toll-free for US only: 1-866-509-5959 Order custom essays:
Instant Quote
Urgency:
Degree:
Type of work:
Pages:
275 words/page
Price: $0
Make an order
Our Prices
14 days per page
10 days per page
6 days per page
3 days per page
2 days per page
24 hours per page
12 hours per page
6 hours per page
3 hours per page
Note: The prices are given for High School academic level. Please, visit "Prices" page for the detailed prices.
Similar essays
Write my essay on
"1a) Describe the three generic business-level strategies to gain competitive advantage over other firms operating..."
1a) Describe the three generic business-level strategies to gain competitive advantage over other firms operating in the same industry. Provide examples of any industry of your choice.
Author:
Garrick Christian
Business-level strategy can be defined as the strategy that is chosen by a company to hold a competitive advantage within the market that it is involved with. Such a strategy has to be chosen by firms because of the intense competition that exists within a certain industry and thus managers, see the need to formulate business-level strategies that are geared towards creating and maintaining a competitive advantage over the rival firms in the same industry. This is a choice that a firm has to make when it chooses to compete in a single product market where every firm's products share the some similarities.

There are three generic strategies that were developed by Michael Porter, who is a distinguished Harvard professor and author of numerous books and articles that deal with the competitive advantages of companies and nations, that are considered to the cornerstone of strategies that you formulate to give you an edge in competing with your rivals and making above average economic profits for your firm. These strategies are cost-leadership, differentiation and focus. The strategy that you choose depends on numerous factors, both internal and external. These factors could include type of industry, cost of raw materials, type of labour skills required, technology, governmental factors, consumers and many more such factors.

We will now look at the three generic business-level strategies in greater detail and find out how these strategies work.

The textbook, Management – A Pacific Rim focus, defines cost-leadership, the first of the three strategies we will be looking at, as a, "strategy … emphasising organizational efficiency so overall cost of providing products and services are lower than that of the competitors."

This strategy called cost-leadership, involves the very delicate process of being able to produce or be able to deliver goods or services that are of standards acceptable to customers...

Please note! This is not an example of text written by our writers! Essaypedia.com is a database of essays that were collected at open web resources. You can use them at you own risk following the citation rules below.

But we recommend you to order a custom plagiarism-free essay written just for you from one of our writers. Place an order, add your paper details and enjoy the results! You can keep in touch with your writer, check the draft of your paper and send your order for revision for free. If you are hesitating to place an order – just ask for a quote!
If you want to use this essay follow the citation rules below:
"1a) Describe the three generic business-level strategies to gain competitive advantage over other firms operating in the same industry. Provide examples of any industry of your choice.." EssayPedia.com. Jul 19, 2018
<http://samples.essaypedia.com/papers/1a-describe-the-three-generic-business-level-strategies-to-gain-competitive-advantage-over-other-firms-operating-in-the-same-industry-provide-examples-of-any-industry-of-your-choice-3874.html>
View full text
essay on 1a) Describe the three generic business-level strategies to gain competitive advantage over other firms operating in the same industry. Provide examples of any industry of your choice.
Pages:
16 (4311 words)
Comments:
3
Added:
09/23/2011
Category:
Business
Plagiarism level of this essay is: 89%
Order this essay written from scratch Right Now!
Comments:
John
Good day!! "1a) Describe the three generic business-level strategies to gain competitive advantage over other firms operating in the same industry. Provide examples of any industry of your choice." is a topic for my term paper. Can you write my paper for me?
10/28/2009
Keyla
Too many compliments too ltitle space, thanks!
12/24/2011
Jolyn
Thank you so much for this atircle, it saved me time!
12/24/2011
Leave Your comment
Name:
Text:
Enter symbols below:
Send
Captcha Image