Business Finance
STR581 Phoenix Incentives and International Business Strategies Paper

STR581

University of Phoenix

Question Description

What are the differences among the cost leadership, differentiation, focused cost leadership, focused differentiation, and integrated cost leadership/differentiation business-level strategies?(150-200 words, 1 scholarly source)

What is the relationship between a firm's customers and its business-level strategy in terms of who, what, and how? Why is this relationship important?(150-200 words, 1 scholarly source)

What are the different levels of diversification firms can pursue by using different corporate-level strategies? (150-200 words, 1 scholarly source)

What are three reasons firms choose to diversify their operations? Prioritize them please. (150-200 words, 1 scholarly source)

What incentives influence firms to use international strategies? (150-200 words, 1 scholarly source)

What are the three basic benefits firms can achieve by successfully using an international business-strategy?(150-200 words, 1 scholarly source)

What are the four business-level cooperative strategies? What are the key differences among them?(150-200 words, 1 scholarly source)

What risks are firms likely to experience as they use cooperative strategies?(150-200 words, 1 scholarly source)

Final Answer

Attached

Surname 1

Name
Course
Institution
Date
Strategic choice and evaluation
Question 1
In business operations there are four strategies that companies use to facilitate gaining a
competitive advantage over their competitors. These strategies, however, have their differences.
The strategies are cost leadership, differentiation, focused low cost and focused differentiation.
For the cost leadership strategy, organizations normally compete for a wide range of customers
that is based on the price. An example of a company using this strategy is Walmart. In
differentiation, the strategy aims at providing value to customers through coming up with unique
features for their products an example being the Lexus (Brenes, pg. 850). The focused cost
leadership strategy organizations here only compete on price and have specific target customers,
an example is Ikea. For the focused differentiation, businesses compete on basis of a difference
an example of a company using this strategy is food trucks. There is also a new strategy known
as the low-cost strategy where companies are competing on new skills and technologies.
Question 2
The relationships created between a firm’s customers and its business level strategy is to
ensure that the business survives in the market as well as achieve a competitive advantage over

Surname 2
the company’s competitors. While coming up with these strategies firms must be able to create
value in their products and services that will be able to meet their customers’ needs and wants.
For a business strategy to be successful the company must ensure that they create their strategy
basing in on their customer’s needs. In this relationship who, normally represents the target
customer group that the business what to serve (Porter, pg. 340). Therefore they must clearly
state their market segment. The how represents the competencies that the business holds that can
be used to satisfy their customer’s needs. On the question of what it represents the custom...

UC Berkeley

Anonymous
Top quality work from this tutor! I’ll be back!

Anonymous
Just what I needed… fantastic!

Anonymous
Use Studypool every time I am stuck with an assignment I need guidance.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
Similar Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors