Running head : SLP : STRATEGIC CHOICESNameCourseCollegeTutorDateSLP : Strategic ChoicesStrategic analysis involves the arise analysis of a business to evaluate its agonistic reinforcement over its rivals within its area of operation A sign s strength represents the resources and capabilities that the business uses to create competitive advantage over its competitors . A strong trade name comprise , good personality and access to distribution channels are examples of business strengths . The absence of certain strengths is perceived as weaknesses which include high price structure , poor reputation with customers , weak brand name and lack of access to main distribution channelsA business fortune represents areas of prospect for the business such as unexploited markets , accommodation of new technology ahead of rivals , diversenesss in government constitution favoring the business . For a business to actually evaluate its opportunities thither is need t mensurate the business strengths in order to know the opportunities open for the business .
A holy terror represents an obstruction faced by a business organization . For examples change in political systems might cause a threat to some business , technological developments might force a business organizations products to become obsolete . A firm should assess its threats in order to create strategies for survival and gain competitive advantage over its rivalsSLP : Strategic ChoicesLow cost Differentiation center on Pre-emptiveStrengths : Strong brand names than rivals Overpower rivals by means of brand advertising and promotion strategies Creation of brand awareness through effective choice of marketing channels Mass action to meet unexploited markets by rivals firms Maintain...If you want to get a full essay, order it on our website:
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