How do I respond in 100 words ?   There are three dimensions within the comprehensive organizational strategy that consists of multiple levels: the corporate level, competitive, and tactical level. However, understanding the three common terms and their distinctions helps to drive the strategy and success for the organization. The corporate level strategy is the known strategy that paves the way for organizations to combat issues related to the competitive and tactical matter as it relates to the operation and functional strategies. “Firms make significant efforts during the structuring stages of their strategic alliance to anticipate both change business environments and downstream problems. As for the preference of how the organization has chosen to run can be determined by the operation of a single industry, multiple industry, or under several unrelated industries. Most firms start as single-business companies, and many continue to thrive while remaining active primarily in one industry. The single firm approach is beneficial where specialized knowledge drives the development because their efforts are mainly focused on a specific area and one business.  The advantages of adopting multiple business strategies depends solely on the needs for the organization where there may be a need to increase market share, lower cost, and reform the internal processes in order to increase profitability. “Economic logic encapsulates the financial viability of each of the alternative pursuits into the respective arenas. In my opinion, I would be more prone to select the business size, strategy, and performance because it relates to the size of the business and the performance, as well as other competitors within the industry. The vast majority of mid-sized organizations are not successful as compared to a small or large organization. However, smaller businesses are more flexible in meeting market demands due to lower investments where their strategic moves consist of limited opportunities in revenue, in association to a mid-size or larger business can be viewed as unprofitable. In addition, larger organizations are more adept to shift the majority of its economies of scale to lower costs with more bargaining power with their consumers and suppliers.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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There are three dimensions within the comprehensive organizational strategy that consists of multiple levels: the corporate level, competitive, and tactical level. However, understanding the three common terms and their distinctions helps to drive the strategy and success for the organization. The corporate level strategy is the known strategy that paves the way for organizations to combat issues related to the competitive and tactical matter as it relates to the operation and functional strategies. “Firms make significant efforts during the structuring stages of their strategic alliance to anticipate both change business environments and downstream problems. As for the preference of how the organization has chosen to run can be determined by the operation of a single industry, multiple industry, or under several unrelated industries. Most firms start as single-business companies, and many continue to thrive while remaining active primarily in one industry. The single firm approach is beneficial where specialized knowledge drives the development because their efforts are mainly focused on a specific area and one business.

 The advantages of adopting multiple business strategies depends solely on the needs for the organization where there may be a need to increase market share, lower cost, and reform the internal processes in order to increase profitability. “Economic logic encapsulates the financial viability of each of the alternative pursuits into the respective arenas. In my opinion, I would be more prone to select the business size, strategy, and performance because it relates to the size of the business and the performance, as well as other competitors within the industry. The vast majority of mid-sized organizations are not successful as compared to a small or large organization. However, smaller businesses are more flexible in meeting market demands due to lower investments where their strategic moves consist of limited opportunities in revenue, in association to a mid-size or larger business can be viewed as unprofitable. In addition, larger organizations are more adept to shift the majority of its economies of scale to lower costs with more bargaining power with their consumers and suppliers.

 

 

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