country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

MAN302 Strategic Business Management For Differentiation Strategy

tag 0 Download3 Pages / 626 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT
  • Course Code: MAN302
  • University: Kaplan Business School
  • Country: United States

Questions:

1. Explain incentives that can influence a company to use an international strategy
 
2. Explain the benefits companies can achieve by using an international strategy
 
3. Discuss the five modes companies can use to enter international markets 

 

 

Answer:

It has been found that the Collins foods as their corporate strategy make use of the cost leadership and differentiation strategy. These strategies are aimed at achieving the competitive advantage over the market rivals. The company has adopted the differentiation strategy as it can result in severe business benefits for the organization. It is designed to establish huge brand value which is different and unique from its marker competitors (Lechner and Gudmundsson 2014). There is an exceptional brand value which is assist the company in making itself as an exclusive offering firm by the specifications, efficiencies, exceptional design and optimum customer service. However, digital expertise is required for this strategy a successful one. It is to be noted that the digital expertise is also an area of competition in the market. The primary strategy of the company is to grab the attention of the niche by the application of the cost leadership strategy in their daily operations (Zehir, Can and Karaboga 2015). They have put hike on various food items in order to establish an aura of grandeur and exclusiveness in their offerings. 

 

There are other corporate strategies used by the company. The company aims at going beyond the boundaries by their corporate strategies which will set the apart from the rivalry prevalent in the market. In terms of breaking the domestic boundaries, the company should adopt the Multi –Domestic Strategy (Spann, Fischer and Tellis 2014). It is a type of strategy which can be referred to as a system where the operating and strategic decisions are completely decentralized. This particular strategy will allow the firm to expand in the international market. Moreover, this strategy will also expand the market share the company has in the foreign industry through designing the product according to the prevalent market conditions. In order to make the strategy a successful one, the company needs to tailor the products as per the local responsiveness. After receiving the consent of the respondents, the company can work in different countries in different manner.

The differentiation and the cost leadership strategy can also be imposed in the suggested multi –domestic strategy. The firm can engage the various departments in researching the markets of other countries. In other variety of countries, the primary scope for the company is to make the best use of the differentiation strategy and their exceptional offerings. It has to be taken into considerations that there will be different demand patterns in different countries. Hence, the company should carry out their research which will help the company to gain in-depth understanding of the domestic scenarios and their specific demands (Lin 2014). Taken for example, when the company decides to work with a country that has lower levels of income, the company should change their cost leadership strategy and operate suitably in that particular country. It is suggested that the company should use strategies for penetrating the market with lower price for lower income countries.

The company through these strategies can easily secure the level of competition globally and gain the domestic market share. The revenues can also be increased and make space for it to be leagued with the global FMCG firms. 

 

Reference

Lechner, C. and Gudmundsson, S.V., 2014. Entrepreneurial orientation, firm strategy and small firm performance. International Small Business Journal, 32(1), pp.36-60.

Lin, L.H., 2014. Subsidiary performance: The contingency of multinational corporation’s international strategy. European Management Journal, 32(6), pp.928-937.

Spann, M., Fischer, M. and Tellis, G.J., 2014. Skimming or penetration? Strategic dynamic pricing for new products. Marketing Science, 34(2), pp.235-249.

Zehir, C., Can, E. and Karaboga, T., 2015. Linking entrepreneurial orientation to firm performance: the role of differentiation strategy and innovation performance. Procedia-Social and Behavioral Sciences, 210, pp.358-367.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Strategic Business Management For Differentiation Strategy. Retrieved from https://myassignmenthelp.com/free-samples/man302-strategic-business-management-for-differentiation-strategy.

"Strategic Business Management For Differentiation Strategy." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/man302-strategic-business-management-for-differentiation-strategy.

My Assignment Help (2020) Strategic Business Management For Differentiation Strategy [Online]. Available from: https://myassignmenthelp.com/free-samples/man302-strategic-business-management-for-differentiation-strategy
[Accessed 25 May 2020].

My Assignment Help. 'Strategic Business Management For Differentiation Strategy' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/man302-strategic-business-management-for-differentiation-strategy> accessed 25 May 2020.

My Assignment Help. Strategic Business Management For Differentiation Strategy [Internet]. My Assignment Help. 2020 [cited 25 May 2020]. Available from: https://myassignmenthelp.com/free-samples/man302-strategic-business-management-for-differentiation-strategy.


We have MLA Citation machine, APA Citation Machine, Harvard Referencing Generator, Chicago Referencing Generator etc to get proper references for all your papers. Done with drafting your papers. Generate all the references according to the format prescribed in the standard guidelines with out tools. Often papers get rejected owing to unintentional plagiarism arising from faulty referencing or simply non-referencing. Why to compromise the grades when you have drafted everything to precision? Get references and secure your grades.

Latest Management Samples

MPE781 Economics For Managers 3

Download : 0 | Pages : 14

Answer: 1. The long queues represent the high demand for the given restaurant’s foods and service. The people value the restaurant high and are willing to stand in the waiting lines. The people have high opportunity cost associated with the time spent in the line. On the other hand, the restaurant with empty chairs may have high prices which make their food and services unaffordable to a large number of customers. The owner can increas...

Read More arrow

BUS703 Managing Research 3

Download : 0 | Pages : 4

Answer: Background to the problem: Failures in managing research are mainly associated with the lack of preparation in readiness for a project. This leads to businesses failing to prepare for problems leading to the projects encountering serious management hurdles (Cleden, 2017). To overcome these problems every business must address the following research issues so as to address research problems. Define business and research o...

Read More arrow

BMAC5203 Entrepreneurship For Rectifying Distinct Business Issues

Download : 0 | Pages : 15

Answer: Introduction  In the modern era, there are several organizations that are functioning in the global economy each one of the companies have been performing according to their aims and objectives. The operations of a company is dependent on the style of the entrepreneur and the ability and the mind-set of the entrepreneur determines the process that would be undertaken with the help of which the company can gain competitive edge an...

Read More arrow

SG3034 Introduction To Business And Enterprise

Download : 0 | Pages : 6
  • Course Code: SG3034
  • University: University Of East London
  • Country: United Kingdom

Answer: Introduction The Yeo Valley is one of the most widely known organic dairy firms in the UK. This company works for bringing fresh and new products for all the milk lovers. At the same time, they believe that taking care of nature is also one of the most important activities that they have to carry on. This firm has been set up by the Mead family. They have been living and working in Somerset for a long time period. They had started their...

Read More arrow

BUSN20017 Effective Buisness Communication For Tools And Analysis

Download : 0 | Pages : 18
  • Course Code: BUSN20017
  • University: Central Queensland University
  • Country: Australia

Answer: Introduction: Communication is an important aspect of business management. Every professionals need to develop proper communication skills to enjoy success at workplace mentally and financially. The assignment will first help me identify my issues in communication. Depending on it, a literature review will be conducted which will be followed by an action plan.    Tools and analysis: The first tool that I have used is the ...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,317,480

Orders

4.9/5

Overall Rating

5,074

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1265 Order Completed

97% Response Time

James Cook

Masters in Management

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

752 Order Completed

100% Response Time

Hugh Cleave

Masters in Human Resource Management (MMgt, HRM)

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2115 Order Completed

97% Response Time

Kimberley Chen

MPA in Accounting

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Great job and Great experts! The follow up and process was fantastic. Also, communication with the expert was easy.

flag

User Id: 426409 - 25 May 2020

Australia

student rating student rating student rating student rating student rating

The solution was done in time thank you do much for your efforts but please taking care for grammar is needed there was so many mistakes in grammar thank you

flag

User Id: 371975 - 25 May 2020

Australia

student rating student rating student rating student rating student rating

good to do assignment was what I expected and thanks for that one I will use him again

flag

User Id: 241498 - 25 May 2020

Australia

student rating student rating student rating student rating student rating

Great work in completing my assignment on time, was very helpful and great with communicating with the require details. will definitely use them again!

flag

User Id: 285304 - 25 May 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?