Business Strategy

Describe the tune- take aim strategies of any three well-known companies operating in the GCC region. An organizations core competencies should be focused on strong customer needs or preferences in order to give above average returns. This is done through Business-level strategies. Business level strategies detail actions taken to provide value to customers and gain a competitive advantage by exploiting core competencies in specific, respective(prenominal) product or service markets. Business-level strategy is concerned with a firms position in an industry, relative to competitors and to the five forces of competition.Customers argon the foundation or essence of a organizations business-level strategies. Who testament be served, what needs have to be met, and how those needs leave behind be satisfied are determined by the older management. Home Subjects Customer Care Custom Essays Business strategy Business strategy is the intent of action that prescribes resource allocation and other activities for dealing with the environs and helping the organisation attain its goals (Daft, 2000: 240).

The aim of strategy is to distinguish ways in which an organisation can outperform others. outline therefore involves the creation, implementation and evaluation of purpose, goals, work activities and performance measures (Coulter, 1998: 361). Strategy is important as it gives organisations a sense of purpose and direction, helps co-ordinate the activities of people and functions and serves as a control device. Strategy is ordinarily split into three levels- corporate, business and functional.Corporate-level strategy is concerned with the wide of the mark and more long-term questions of what business(es) are we in or do we want to be in and what do we want to do with these business(es) (Coulter, 1998: 9). Whether to acquire new businesses, to add or divest business units, plants or product lines or to participate in... If you want to situate a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.