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Saturday, December 7, 2013

STRENGTHENING A COMPANY’S COMPETITIVE POSITION: STRATEGIC MOVES, TIMING, AND SCOPE OF OPERATIONS

“Trying to do what your competitors are doing but basically a little bit better is probably not going to be the winning strategy. The problem is finding what your competitors wouldn't even consider doing.”     [Jamais cascio]


Based on this quotes, in business or whatever we want to do if we do something same with others we cannot be the winner and maybe hard for us to survive. Therefore, we need to do something that people did not do like applying blue ocean strategy. Blue ocean strategy means offers growth in revenues and profits by discovering or inventing new industry segment that create altogether new demand. Besides that, some of examples of blue ocean strategy are im4u, eBay, FedEx, star bucks coffee and others. Other than blue ocean strategies, there are still having another strategy that can be applied in order to strengthening a company’s competitive position such as horizontal merger and acquisition, strategic alliance, joint venture and last vertical integration strategy. So, if the company’s apply those strategies they can be a successful and strength company and can maintain their business. I hope if I have a business in the future I can apply these strategies especially the blue ocean strategies. It’s better to have a unique business rather than same business that quite similar with others that can make us hard to maintain and got success in our business. (^^,)


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