RESPONDING TO THE ENVIRONMENT (Strategies)

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Issue:

Business

 

Written by:

Pete B

 

Date added:

March 7, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 304

 

Was viewed:

5109 times

 

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Essay content:

cut price/ incentives to increase demand b. Adopting to the core: By customizing the product to meet the varied & changing demand. Instead of mass production & a universal product for all, companies opt to produce different products to satisfy different consumer needs. II- INFLUENCING THE ENVIRONMENT Independent Strategies: That an organization acting on its own uses to change some aspect of its current environment...
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[E.g. Public relations, Legal actions, political actions, competitive aggression] Cooperative Strategies: Used by two or more organizations working together to manage the external environment. Types: – Contraction: agreement between two groups to exchange goods / services. – Cooptation: New elements into firms leadership (labor rep’s, bankers, customers) – Coalition: Acting jointly on some issues for some period of time...
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