The Importance Of Competitive Strategy

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Recommended: Strategic capabilities advantage

In order for an organization to increase its value over a period of time it uses what is often referred to as strategic capability. With this process, businesses use competitive strategies to reach targets. (Hartman, n.d.) As competitive strategy goes hand in hand with strategic capabilities, the Business Directory defines competitive strategy as a “long term action-plan that is devised to help a company gain a competitive advantage over its rival.” It goes on to state that these strategies are useful in relation to discrediting another organization’s products or services; as such, they are a main part of advertising campaigns. (Business Directory, n.d.) Laureate Education further explains strategic capabilities as key elements of an organization …show more content…

Also, managers must seek help for those in need ad have an “eye” for detecting problems, whether it be problems in the organization or someone secretly having problems at home. As such, collective intelligence, deemed “organizational knowledge” is derived. (Johnson, et al., 2014) References
Business Directory, n.d. Competitive Strategy. [Online]

Available at: http://www.businessdictionary.com/definition/competitive-strategy.html
[Accessed 19 November 2016].

Hartman, D., n.d. What is Strategic Capability?. [Online]
Available at: http://smallbusiness.chron.com/strategic-capability-15828.html
[Accessed 19 November 2016].

Johnson, G., Whittington, R., Scholes, K., Angwin, D. & Regnér, P. (2014) Exploring strategy text & cases. 10th Ed. Harlow: Pearson.

Joseph, C., n.d. Advantages & Disadvantages of Telesales. [Online]
Available at: http://www.ehow.com/list_5972333_advantages-disadvantages-telesales.html
[Accessed 19 November 2016].

Laureate Education Inc, 2014. Week 8 Key Concept Overview.

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