Description
In this assignment, you are to use the same corporation you selected and focused on for Assignments 1 and 2.
Research the company on its own website (Bank of America), the public filings on the Securities and Exchange Commission EDGAR database (http://www.sec.gov/edgar.shtml), in the University's online databases, and any other sources you can find. The annual report will often provide insights that can help address some of these questions.
Write a six to eight (6-8) page paper in which you:
Analyze the business-level strategies for the corporation you chose to determine the business-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice. Justify your opinion.
Analyze the corporate-level strategies for the corporation you chose to determine the corporate-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice. Justify your opinion.
Analyze the competitive environment to determine the corporation's most significant competitor. Compare their strategies at each level and evaluate which company you think is most likely to be successful in the long term. Justify your choice.
Determine whether your choice from Question 3 would differ in slow-cycle and fast-cycle markets.
Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
- Identify various levels and types of strategy in a firm.
- Use technology and information resources to research issues in business administration.
- Write clearly and concisely about business administration using proper writing mechanics.
Explanation & Answer
Here is the complete paper. go through it and in case of anything, feel free to alert me.Regards
Running Head: DIFFERENT STRATEGY LEVELS
Different strategy levels
Course title
Student’s Name
Professor’s name,
Institution affiliation
Date
DIFFERENT STRATEGY LEVELS
2
The business-level strategies are developed to help the company to address the customer's
needs in the business adequately. The entrepreneurs are focused on their business concepts and
selling plans to benefit from their companies. The company should come up with corporate-level
strategies for the corporation n effective practices and strategies to compete adequately in the
market against other competitors. Cooperate level strategy involves maximizing the profit of the
business and securing financial success in the future. It is developed to increase competitive
advantages over its competitors and continue to offer unique goods and services in the market.
Thus, Business owners utilize corporate-level strategies to position themselves for success and
achieve business goals. A competitive environment refers to a dynamic external system where
companies compete efficiently with one another, following the regulations in the environment.
The market that has more sellers of the same goods and services has a high rate of competition to
sell their product and gain customers. Hence, businesses are required to acquire several
competitive strategies to survive adequately in the environment. Therefore, this paper analyzes
the business-level policy, the corporate-level strategy, and the competitive environment in the
market among the companies.
The core competences and competitive rivalry among the industries are significance for
the juice industry in the market. The core competences enable the company to acquire unique
ability that cannot be copied easily to gain more competitive advantages in the market. A
company core competency requires be concerned on satisfying consumers needs or tastes to gain
above-average returns. This can be practiced through Business-level strategies that promote
practices acquired to provide value to consumers and acquire a competitive advantage. The
business-level policy ...
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