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Models for Competitive Dynamics (Example)

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MODELS FOR COMPETITIVE DYNAMICS Name Professor Institution Course Date Introduction There have been various changes in the ways companies carry out their businesses. This has led to the businesses coming up with various business strategies to ensure that they experience business growth and to remain competitive in the market. Companies are forced to come up with competitive models to increase their profits out-compete their close rivals and ensure business long-term business sustenance (Gnyawali & Madhavan 2014). Some of the competitive dynamics models that will be discussed in this paper include; the Grow Your Business (GYB) strategy and Destroy Your Business (DYB) strategy. This paper also examines in details whether cannibalization is a better strategy than the grow your business strategy in regard to in regard to ensuring your company growth and success. It will also Determine whether or not changes in business strategy should entail reassessment of IS. Examine their organization strategy with the social IT strategy the company ought to make IT as a key component in their organizational strategy. This involves creating media department that responsible for designing a communication platform where their users can give out their feedback in regard to their products (Premkumar et al 2012). Responses got from the social IT are then interpreted by the IT officials in the company so as to advice the top management on what they ought to do in order to meet the market needs. References Bower J. L. (2014). How managers' everyday decisions create or destroy your company'sstrategy. Strategic Direction  23(8). Gnyawali D. R. & Madhavan R. (2014). Cooperative networks and competitive dynamics: Astructural embeddedness perspective. Academy of Management review  26(3) 431-445. Premkumar G. & King W. R. (2012). An empirical assessment of information systems planningand the role of information systems in organizations. Journal of Management InformationSystems  9(2) 99-125. [...]

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Write a four to five (4-5) page paper in which you: Compare and contrast the DYB and GYB strategies in terms of the ability to sustain a business in the marketplace over the long term, to be competitive against rivals, and profitability. Examine the “cannibalization” strategy and determine if it is or is not a better strategy compared to the DYB strategy for growth, competitiveness, and market leadership. Provide two (2) business examples. Determine whether or not changes in business strategy should entail reassessment of IS. Provide three (3) reasons to support your position. Examine how firms can use social IT in alignment with organizational strategy and IS strategy. Consider collaborative capabilities, what, how, and who should use social IT for a social business strategy. Use at three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

Subject Area: Information Technology

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $75

Words 2750

Pages 10

Completed in 3 days

Expert ProfSandie1

Client Review

Thanks, this paper is good.


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