Business and Operation Strategy Essay Example | Topics and Well Written Essays - 2750 words

Business and Operation Strategy - Essay manikinBusiness strategy is the way in which companies achieve competitive proceeds and according to Ohmae (1982), it is an instrument of argument in a competitive market as what distinguishes this from other types of planning is merely competitive advantage. doormans (1980) main idea of business strategy is that competitive advantage in a federation can be created by low cost or differentiation and these instances can become important in a broad or limited market. The strategy here is in the form of a two by two matrix in internal and the market perspectives in competitive advantage of a firm where there is cost differentiation and market range. Porter (1985) believes that companies in major cases lease one of these strategies but if a company chooses to apply more than one strategy it defeats the object due(p) to the cost leadership and differentiation strategies are incompatible, differentiation usually increases the cost.Operational excellence describes a trenchant strategic approach to production and providing services and products where the aim of this strategy is to hold price leadership in the industry.