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Tuesday 12 November 2013

CHAPTER 6: Strengthening a Company’s Competitive Position Strategic Moves, Training and Scope of Operation

Assalamualaikum friends. How are you? I hope all of you are in a good condition and full of blessing from Allah. Ameen..  :)

Alhamdulillah we meet again in the new topic of Strategic Management. The topic for this chapter is quite long. However, I will focus on two things that I am interested in this topic.
For this topic I have learned on the STRATEGIC OFFENSIVE PRINCIPLE. This principle is a one of the strategy that can be use by the company to defense their current strategic planning. It is also to lower the firm’s risk from being attacked by the competitors. The strategic offensive principles are listed as below:

  • Offer low cost; ex: offered by Air Asia which they provide low-cost ticket for their customer
  • First to-market with next generation; ex: Microsoft x-box
  • Continuous product innovation; ex: Apple product (i-phone, i-pad)
  • Good ideas of other firm; ex: android
  • Guerilla warfare; hit & run (social media) ex: Facebook
  • Preemptive strike; ex: Nippon


The second thing that I am interested in this topic is the BLUE OCEAN MARKET.  The Blue Ocean Market is defined as a new market that does not have many competitors in the market. We can take the e-bay, Starbucks and FedEx as the examples of Blue Market Strategy.  The opposite of Blue Market Strategy is a Red Market Strategy.  Red Market Strategy is a market that consists of many competitors that compete with each others to keep sustain in the market.

I think that all for this topic. See you again on the next topic. In Shaa Allah..
Thank you for your time and Wassalam.
:)

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