Strategy is an organization’s action plan to achieve its mission, whether that is flying airplanes or building them. Firms have several different ways to achieve their mission, and these strategic concepts can provide an advantage over your competitors.
Based on your readings and resource review, you should be able to define the three strategic approaches (differentiation, cost leadership, and response) to competitive advantages. With these approaches in mind, identify a company and determine which approaches they use. While some companies may use a combination of the approaches, focus your paper on the one key approach used by the firm.
The following writing style guide was created for the College of Business at Embry-Riddle Aeronautical University Worldwide. This guide follows a format similar to the seventh edition of the Publication Manual of the American Psychological Association (APA Manual) for style and citation matters.
Write & Submit
Write a 500-word (two-page) paper using the Writing Style Guide formatting.
Include the following:
Explain, briefly, the three strategic approaches to competitive advantages.
Provide an overview of your selected company.
Discuss which strategic approach your selected company uses and why they use that approach.
Include a title and reference page and at least three references.
Save your assignment using a naming convention that includes your first and last name and the activity number (or description). Do not add punctuation or special characters.
Your paper will automatically be evaluated through Turnitin when you submit your assignment in this activity. Turnitin is a service that checks your work for improper citation or potential plagiarism by comparing it against a database of web pages, student papers, and articles from academic books and publications. Ensure that your work is entirely your own and that you have not plagiarized any material! “PLG1” in the activity name indicates a Turnitin assignment.
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