The paper "The Duck and the Lemonade Stand" is a perfect example of a business case study. This essay disagrees with the statement that “ Better a consistently applied mediocre strategy, than a series of ad hoc brilliant strategies. ” The disagreement comes from the observation that the man running the lemonade stand does not close any sales with duck; that is attributable to his consistent mediocre approach to business. The essay has three parts; video review, the basis of the more beneficial brilliant ad hoc strategies that can outweigh consistent mediocre approaches and brilliant productivity strategies likely to bring success regardless of how poorly they are applied.
In the video review, the essay examines the series of events present in the video to identify the strategy of the man running the lemonade stand. In the section that describes the business strategies, the essay demonstrates the strategic aspects that can lead to more sales regardless of how poorly they are applied than the consistent mediocre strategy applied by the man running the lemonade stand. The last section contains the recognition of the productive strategies that can lead to better performance than consistent mediocre strategies regardless of how poorly they are applied in business. Introduction. Applying the best strategy in the business allows it to achieve its objectives, primarily increase sales and profitability.
For a business to apply a good strategy it needs to be aware of its situation as well as its environment, both internal and external. Businesses that apply brilliant strategies have a characteristic high level of success because all contexts and needs of the business are covered by the strategy. On the other hand, businesses that apply mediocre strategies record characteristic failure because of a lack of alignment with the situational/environmental needs and opportunities.
It is, therefore, recommendable to apply brilliant ad hoc strategies in business that would lead to some success than mediocre consistent strategies that guarantee ultimate failure in business. The video titled “ the duck story” demonstrates this school of thought through the ultimate failure of the man running the lemonade stand to close any sale with the duck.
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