Explain about the Tailoring Strategy for Industry situations

Question

Explain about the Tailoring Strategy for specific Industry and Company situations.

Answer 1

This section explores the ideas behind the report, “now additional to be uncovered regarding the how is of matching the options of strategy to conditions of a company”. This section seems at the strategy-making job in nine other commonly encountered conditions including (i) companies competing in the emerging industries, (ii) companies competing in confused, high-velocity markets, (iii) The companies competing in mature, slow-growth industries, (iv) companies competing in declining or stagnant industries, (v) companies competing in the disjointed industries, (vi) companies pursuing fast growth, (vii) companies in industry leadership locations, (viii) companies in runner-up place, and (ix) companies in competitively weak positions or plagued by disaster situation. These conditions have been chosen to shed more light on the factors that managers require to consider in couture a company’s strategy.