Strategies of Leadership

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QRMVERAN

Business Finance

Description

Review the Table attached. Choose a strategy listed and create a theoretical situation or find an existing example when you would implement this strategy as a manager. Summarize why the particular strategy is appropriate to implement for your example. Two to three substantive paragraphs 250+ total words and include at least two APA-formatted citation/reference.

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Strategy Scope and Role Directional strategies The broadest strategies set the fundamental direction of the organization by establishing a mission for the organization (Who are we?) and providing a vision for the future (What should we be?). In addition, directional strategies specify the organization's values and the broad goals it wants to accomplish. Adaptive strategies Adaptive strategies are more specific than directional strategies and provide the primary methods for achieving the vision of the organization—that is, for adapting to the environment. They determine the scope of the organization and specify how the organization will expand its scope (grow), contract its scope (shrink), or maintain its scope (remain as is). Market entry strategies Market entry strategies carry out the expansion of the scope and the maintenance of scope strategies through purchase, cooperation, or internal development. They provide methods for access or entry to the market. Market entry strategies are not used for contraction (reducing or shrinking) of scope strategies. Competitive strategies Competitive strategies include two types of strategies: one that determines an organization's strategic posture and one that positions the organization vis-à-vis other organizations within the market. These strategies are market oriented and best articulate the competitive advantage within the market. Implementation strategies Implementation strategies are the most specific strategies and are directed toward value-added service delivery and the value-added support areas such as culture, structure, and strategic resources. In addition, individual organizational units develop action plans that carry out the value-added service delivery and value-added support strategies.
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Explanation & Answer

Attached.

Running Head: MARKET ENTRY STRATEGIES

Market Entry Strategies
Student’s Name
Institution of Affiliation
Course
Date

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MARKET ENTRY STRATEGIES

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Introduction

Market entry strategies refer to planned methods in which services and goods can be
delivered and distributed to a target market. These strategies execute a scope’s expansion and
maintain the strategies of a scope through purchasing, co-operation and internal development.
Since they provide access methods for entry into a market, they are no longer used fo...


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