As discussed in the course, suggest four (4) ways the group can attain a sustainable competitive advantage and give examples.
Scenario:
A group of University students are considering opening a new business in the Tourism sector. The
product or service is a novel idea in the Tourism Sector. Notably, the tourism sector is known to
be competitive. As a result, it is important for organizations to be aware of their a lternative
organizational strategies. It is also important that they understand how to develop a sustainable
competitive advantage. The group is also considering utilizing the strategy formulation framework
to aid in developing the company and its novel products. The group is aware that there are certain
habits that strategic leaders must encompass but are not sure what they are. The team is aware that
they would face potential issues within strategic implementation and would like to understand how
this can be remedied.
The group is interested in the development of a Project Implementation Plan and have sort your
expertise to develop one for the product or service in the tourism sector. N.B. An implementation
plan is a management tool that facilitates the execution of a strategic plan for a company or a
project by breaking down the implementation process into smaller steps while defining the
timeline, the teams and the resources that will be needed. In this case, an implementation plan is
a document that outlines the steps your team (your assigned group for this course) should take to
accomplish a shared goal or initiative. The Plan helps you get insight into the steps and actions
that are necessary to make a change or an innovation in your company.
4. As discussed in the course, suggest four (4) ways the group can attain a sustainable
competitive advantage and give examples.
Step by step
Solved in 2 steps
