Competition and strategy – [Solved Assignment]
Competition and strategy…the concepts truly go together as without strategy; you simply couldn’t compete. This week you will learn about the benefits of both strategy and competition. You will also consider what it takes to apply these strategies in real-world scenarios. Competition and strategy are constantly evolving the new ideas and continued growth. Companies continue to soar while others are filing bankruptcy. Think about the companies that you have shopped at over the past decade. Are these the same stores? Have you found your shopping habits have changed? These concepts all play a role in competition-and strategy. People evolve, time changes, interests vary. With this, companies are forced to change to meet the needs to their customers. Strategies are necessary to stay ahead of the competition. By failing to compete, companies find their doors shuttered or websites disappearing. Competition and-strategy is not always just between companies for business, but for employees as well. Companies are forced to research what others are doing to keep their employee’s happy so that they can avoid turnover.
