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A.c Whatc isc wrongc withc thisc strategy?
Therec isc notc ac problemc withc thisc strategy.c Whenc lookingc atc thisc strategyc youc
seec allc ofc Thec Fivec P’sc whichc arec plan,c ploy,c pattern,c position,c andc
perspective.
c
B.c Whatc isc rightc aboutc thisc strategy?
Ac greatc strategicc planc shouldc providec ac clearc picturec ofc thec currentc andc
futurec statec ofc ac companyc byc connectingc itsc targetc andc itsc limitations.c Thec
strategyc hadc ac greatc visionc overc thec nextc tenc years.c Thec objectivesc wasc thec
companyc toc beatc allc ofc itsc competitorsc withc thec lowc prices,c customerc servicec
andc qualityc work.c Thec companyc hasc 21c yearsc ofc businessc whichc willc attractc
customersc asc well.c (Overgaag,c n.d.)
c
c
C.c Wec arec thec marketc leaderc inc discountc tiresc andc repairsc inc ourc city,c
indicatingc thatc wec currentlyc havec ac competitivec advantage.c Willc wec sustainc
itc withc thisc strategy?
Onec itemc thatc Paul’sc Discountc Tiresc andc repairsc havec goingc forc themselvesc isc
thatc theyc arec thec marketc leaderc inc thec communityc thatc hasc anc amazingc
strategicc plan.c Thec businessc hasc anc amazingc competitivec edge.c “Competitivec
advantagec accruesc toc ac firmc whenc itc doesc somethingc thatc thec rivalsc cannotc
doc orc ownsc somethingc thatc thec rivalc firmsc desire”.c (Juneja,c 2015)c Thisc willc
givec themc thec edgec overc therec competitors.
c c
D.c Whatc isc onec thingc wec couldc doc toc improvec onc thisc strategy?
Anotherc thingc theyc canc doc toc furtherc developc theirc practicec isc toc incorporatec
humanc resources.c Puttingc resourcesc intoc humanc resourcesc willc considerc
representative'sc inventiveness,c buildsc theirc fulfillment,c andc betterc
correspondencec betweenc workersc asc wellc asc representativesc andc clients.
c
c c
References
c Juneja,c P.c (2015).c
Whatc isc Competitivec Advantagec inc thec Fieldc ofc Strategicc
Management?
.c Managementstudyguide.com.c Retrievedc 21c Marchc 2022,c
fromc https://www.managementstudyguide.com/competitive-
advantage.htm.
Overgaag,c D.c
6c Elementsc ofc Effectivec Strategicc Planning
.c Thespurgroup.com.c
Retrievedc 20c Marchc 2022,c fromc https://www.thespurgroup.com/blog/the-
6-elements-of-effective-strategic-planning.
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