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RESPONDING TO THE ENVIRONMENT (Strategies)
Essay specific features
Written by:
Pete B
Date added:
March 7, 2014
Level:
University
Grade:
A
No of pages / words:
2 / 304
Was viewed:
5347 times
Rating of current essay:
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...
displayed 300 characters
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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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