Question

evaluate and explain how a company's competitive position can be strengthened by strategic moves, timing, and scope of operations?

Answer 1

Answer-

A company's position can be strengthened by strategic moves, timing and scope of operations. A company can hence strengthen their moves by knowing when to employ defensive strategies, when to undertake said strategic moves and whether it is first mover, a fast follower, or a late mover. Also, by watching value chain activities and make necessary adjustments if any need to be outsourced. A company can strengthen its timing by knowing when to make a strategic move. This is very important because there is no guarantee of success or competitive advantage, hence the risk of moving at the right time needs to be considered to position themselves carefully. By strengthening their scope of operations a company can enter into international expansion and diversification which can help strengthen their competitive advantage.