Samyak Veera - Business Strategy
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Samyak Veera Business Strategy
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A business strategy incorporates business and personal goals into a competitive advantages that will successfully carry the business into the future. If you want to increase the growth of your business then make a effective business strategy. For more information contact Samyak Veera on Social Sites.\n \n - PowerPoint PPT Presentation
Transcript of Samyak Veera - Business Strategy
Samyak Veera
Business Strategy
Business Analysis
Samyak Veera
Strategic Analysis
Samyak Veera
Strategic Analysis
• Most businesses will constantly evaluate their position
• Strategic analysis includes different methods of assessing the current position of the business in the market place
• Two basic methods:– Internal – External
Samyak Veera
Strategic Planning
• Competitive Advantage –seeking to identify sources of competitive advantage
• Adding Value – looking at ways to add value• Mass or niche markets? – which is the best route?• Cost based strategies – focus on reducing costs to
compete and grow• Market based strategies – focus on satisfying
consumer needs as the means to growth
Samyak Veera
Focus
• Focus is based on the choice of a narrow competitive scope within an industry– Firm selects a segment or group of segments (niche)
and tailors its strategy to serve them– Firm achieves competitive advantages by dedicating
itself to these segments exclusively
• Two variants– Cost focus– Differentiation focus
Samyak Veera
Samyak Veerahttps://www.linkedin.com/pub/samyak-veera/b/418/809
Samyak Veera
