The paper "Differences between Deliberate and Emergent Strategies" is a great example of a business assignment. A deliberate strategy is an organization’ s planned or intended strategy that has been put into action. For instance, a planned action can be used to realize the intentions of the senior managers of an organization to launch a new product into the market. The launch of the new product, in this case, is the result of a planned action involving market research about the need for and likely success of the new product in the market.
On the other hand, an emergent strategy means an unplanned action or an action that simply arises from decisions that have to be made without prior planning due to unforeseen circumstances. For instance, an action by a competitor to reduce the price of a substitute good may cause the management of a company to review the price of the company’ s product offering so as to remain competitive. An organization is likely to favor a more emergent approach to strategy formulation in cases where something that was not expected happens.
For instance, an increase in terror threats may necessitate an airline to invest more in security measures in order to continue operating safely and stay competitive. Topic eight: Q2-. Identify each of the five ‘ Generic Strategies’ . What are the key objectives associated with the pursuit of a ‘ Best-Cost Provider’ Strategy? (200 Words) Cost leadership strategy: This strategy focuses on competing on the basis of low per-unit cost or offering the lowest possible cost for products/services. Broad differentiation strategy: This strategy involves competing by providing services or products that are generally distinct from those that are offered by competitors. Focused low-cost strategy: This involves focusing on a narrow, specific, and recognizable segment of customers and offering the lowest price. Focused differentiation strategy: This involves developing services or goods that target a narrow group of customers or services/goods that are unique to a narrow group of consumers. Best-cost provider strategy: This is a strategy that focuses on achieving the benefits of differentiation and low-cost strategies. As can be seen above, the best-cost provider strategy involves pursuing the benefits of both low-cost and differentiation strategies.
The objective of adopting the best-cost provider strategy is to offer more value for money.
This is achieved by combining many things into one: capabilities and resources to achieve high quality; special features to raise the perceived value or performance of a product; and good customer care service – all at a lower cost than the competition. Topic nine: Q1- When organizations choose to diversify their operations they can either do so through related or unrelated business. Explain the differences between related and unrelated diversification. What factors would make an organization choose the unrelated option rather than the related option?
Provide examples to support your reasoning. What are the advantages and disadvantages of related diversification? (350 Words) Related diversification is diversification that involves a company expanding by producing a variety of products or services within the same industry or by acquiring another enterprise that has products and customers that are related to the current business. For instance, a company may expand to provide a wide range of financial services that target different customers, but all these services being classified as financial services. On the other hand, unrelated diversification involves an organization providing contrasting services and products in different industries and markets that have few or no similarities.
For instance, Virgin offers financial services and airline services among other types of products and services.