i like this topic!!!! finally found something interested in HRIS... >.<

FIVE COMPETITIVE STRATEGIES

Cost Leadership

Become low-cost producers

Help suppliers or customers reduce costs

Increase cost to competitors

Example: Priceline uses online seller bidding so the buyer sets the price


##hmmm..how to be a good leader...

Differentiation Strategy

Differentiate a firm’s products from its competitors’

Focus on a particular segment or niche of market

Example: Moen uses online customer design


##steelcase's tagline##love how you do work##

Innovation Strategy

Unique products, services, or markets

Radical changes to business processes

Example: Amazon’s online, full-service customer systems


##yes!!!like wormhole at office!

Growth Strategy

Expand company’s capacity to produce

Expand into global markets

Diversify into new products or services

Example: Wal-Mart’s merchandise ordering via global satellite tracking.


##steelcase already global.. ^___^

Alliance Strategy

Establish linkages and alliances with customers, suppliers, competitors, consultants, and other companies

Includes mergers, acquisitions, joint ventures, virtual companies

Example: Wal-Mart uses automatic inventory replenishment by supplier


##good job sales team! make more profit so we can get more bonus next year!hehehe

~ IS FOR COMPETITIVE STRATEGIES~