Maria and her team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Maria is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. Organizational Strategy 1. Select one appropriate category. 2. Identify one strategy from the selected category which you plan to pursue to ensure success applicable to the scenario presented. 3. Explain how the product or service in the beauty and cosmetology industry that you are offering would be implemented through this category.
Maria and her team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Maria is aware that there are certain habits that strategic leaders must encompass but is not sure what they are.
Organizational Strategy
1. Select one appropriate category.
2. Identify one strategy from the selected category which you plan to pursue to ensure success applicable to the scenario presented.
3. Explain how the product or service in the beauty and cosmetology industry that you are offering would be implemented through this category.
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