Thursday, April 18, 2019
A Capstone Experience (Crafting a Strategy to fit the Business 2) Assignment
A Capstone vex (Crafting a Strategy to fit the Business 2) - Assignment ExampleIn creating a competitive advantage, a firm should develop ways of outshining the competing rival in the market. A weak scheme is one that could be incompatible from the separates, but can be accessed easily by other competitors (Kourdi 2003).It is difficult for the success of the conjunction to come from one with a strong business moulding and a corresponding weak strategy. The companys strategy is meant to create a competitive advantage for the firm in the market place. It should act in the spare-time activity of the company to implement the requirements of the business model. A weak strategy would not meet the demands of the firm in the market, as it would be similar with the competitors, thus doing little good for the benefit of the firm (McGrath 2013).In conclusion, even with a strong business model, a weak strategy could lead to the fall of the firm. With a different product in the market, a f irm could have a competitive advantage and outshine the other competitors. However, the success would not be possible with a weak strategy. The business model is the machinery part that strives to reach the objectives of the business strategy. Thus, the weak strategy would undermine the working of the business model. A strong business model would work hand in hand with a strong
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