Description
Organizations/companies can find new ways to meet customer needs by rethinking their markets. In order to gain advantages over competitors, companies can differentiate their products and processes to reduce social, environmental, and economic costs or to improve the benefits provided to their stakeholders. What companies or organizations in the Kingdom of Saudi Arabia have been rethinking their markets and what advantages do they hold over their competitors?
Explanation & Answer
Attached.
Running Head: COMPETITIVE STRATEGIES ADOPTED BY SAUDI ARABIAN
COMPANIES. 1
Competitive strategies adopted by Saudi Arabian companies.
Name
Institution
COMPETITIVE STRATEGIES ADOPTED BY SAUDI ARABIAN COMPANIES
2
Competition is a threat every business has to counter, developing unique strategies to
ensure the products and services retain and gain new market share is paramount for business
survival. The backbone to marketing strategies is consumer satisfaction to develop customer
loyalty. The last decade has experienced changes in consumer demands and increased
competition among companies in the world. Saudi Arabian companies have not been left out.
The Saudi kingdom is home to many multinationals that are key players in the global market. To
counter the rising competition these companies have adopted competitiv...
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