Discussion WK3 Applying Strategies to Achieve Competitive Advantage
In this Discussion, you will play the role of consultant and will give a selected organization some recommendations for what strategic approaches they should take to achieve competitive advantage.
To prepare for this Discussion:
Identify an organization with which you are familiar that is in need of a change in its strategy in its pursuit of competitive advantage.
focusing specifically on the different competitive strategies and strategic frameworks you have learned about in this program. Consider the concept of the Blue Ocean strategy, as well as Porter’s five forces, vertical integration strategies, and others.
3- to 4-paragraph analysis of how your selected organization can use competitive business strategies to create a competitive advantage. In your analysis, include the following:
Examine two strategies that the organization could take to create and sustain a competitive advantage. Explain why these strategies could be effective for the organization’s achievement of competitive advantage.
Devise recommendations for how the organization could implement a Blue Ocean strategy or strategic approach to achieve and sustain competitive advantage.
To support your response, be sure to reference at least one properly cited scholarly source.
