Notesale: Turn your study into money

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Question
Write a reflective essay on the following topic: competitive dimensions and their
relationships to strategy development of a company
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Competitive advantage is the leverage a business has over its competitors
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Advertising products or services with lower
prices or higher quality piques the interest of consumers
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Each organization needs to deeply
understand its customers and what drives them to make purchases
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The customer, in many
instances, may be another business
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It gives direction to corporate values, corporate culture, corporate goals,
and corporate missions
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Corporate strategy refers to the
overarching strategy of the diversified firm
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Functional strategies include marketing, new product development, human
resource, financial, legal, supply chain, and information technology management strategies
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An additional level of a strategy called operational strategy was encouraged by Peter Drucker
in his theory of Management By Objectives (MBO)
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Operational level strategies are
informed by business level strategies which, in turn, are informed by corporate level strategies
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The
decisions in these areas will determine whether the business strategy is executed
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A strategic management model proposition is not a trivial task as complexity and dynamics are
intervening concrete variables between strategy formulation and environment demands
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There are many
questions to be answered regarding sustainability, particularly those associated with social
responsibility and its integrations into operations strategic management system
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Finally, it could be concluded that social responsibility strategic management and its integration
into the operations system imply: reviewing the enterprise strategic management system design,

conceiving a new operations strategy vision, and renewing operations capabilities and
competencies
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