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MBA 695 Strategic Management
Unit 2: Peer Comments to Journal
Discussion Assignment –
How a competitor might respond to
your changes in strategy (ies).
Respond to One Peer Journal Discussion
Peer Responses
It is important that you become comfortable
receiving and giving constructive criticisms, since this is an important
component in one’s professional growth and development and a core competency
for leaders. Students will be expected to read the initial posting of three
peers, and then provide thoughtful comments addressing the following:
a)
Comments demonstrate critical thinking, application, examples, and
contribute substance to discussion dialogue.
b)
Point out what you
agree with that your peer has written in the discussion; what you perceived to
be the strengths of the initial posting of the subject matter, along with
supporting rationale.
c)
Identify specific
opportunities for improvement with regard to the content in the initial
posting. Furthermore, you should provide supporting rationale for your stated
position, as well as concrete suggestions and guidance intended to strengthen
the effectiveness of the content.
FYI….THIS IS THE JOURNAL DISCUSSION QUESTION EACH
PEER RESPONDED TO:
Initial Posting - An important element in strategy development is
attempting to anticipate how a competitor might respond to your changes in
strategy(ies). Select a company and a product you use/ are familiar with that
has a similar competing item made by another company (Under Armour versus Nike,
Campbell versus Progresso, Allstate versus State Farm). What might
these two companies use as strategies to get you to buy their product? Use
concepts from the reading and additional source(s) beyond the reading for
support. Consider the long term consequence of the strategy(ies) you
describe for profit and company growth. Title: Strategic management: Concepts
and tools for creating real world strategy. Hoboken, NJ: John Wiley and Sons
Edition: 2 Authors: Dyer, J., Godfrey, P., Jensen,
R., & Bryce, D. Publisher: Wiley, 2017
Title: Elevate: The three disciplines of advanced
strategic thinking Edition: 1 Authors: Horwath, R. Publisher: John Wiley and
Sons, 2014
How a
competitor might respond to your changes in strategy(ies)
The
initial posting does an impressive job in demonstrating an important element in
strategy development. The journal discussion highlights this issue by focusing
on how a competitor might respond to a change in strategy (ies) by direct
rivals. This is an excellent reminder that "to maintain competitive
advantage businesses should possess distinct strategies against each
other" (Cesnovar, 2006, p.229).
The thesis statement used in your posting is conclusive
as it informs the reader how to understand the importance of the issues being
discussed. It acts as the roadmap as it feeds the expectations of the reader regarding
what the posting entails. It directly provides answers to the question asked by
highlighting the “innovation and differentiation strategy” (Dyer et al., 2017,
p.196).
The strength of this posting is the organization and the response to the topical question. I agree with how you have discussed the available selling points and strategies used by businesses. For example, according to Dyer et al. (2017), companies often compete for the same market; therefore the incorporation of innovation and differentiation strategies in...
