Define strategic Group

Define the term strategic Group?

E

Expert

Verified

Strategic group is defined as the set of business units or the firms which pursue the similar strategies with the similar resources. Classifying the firms within an industry into a set of strategic groups is extremely useful for proper understanding of the competitive environment. Since the structure and culture of the corporation’s reflect the types of strategies the organization follows. Companies or Business units belonging to the certain strategic group within the same industry tend to be tough rivals and tend be more similar to one another rather than to the competitors in other strategic group within the same industry.

   Related Questions in Strategic Management

  • Q : Discussion follow up Please find the

    Please find the expert who made my assignment (OrderID: TG32CHE228STR), to answer a short discussion question. I only need 100-200 words for the answer, but it must be deep enough with some vision. This is a follow up response, so please ask that expert to do it. Read attachment for details.

  • Q : Kinds of signals Explain the kinds of

    Explain the kinds of the signals?

  • Q : Strategies and Policies Are strategies

    Are strategies and policies as important in a non business enterprise (such as a lobour union, State Department, a hospital or a city fire department) as they are in a business? Why and how?

  • Q : A follow up response Please read

    Please read attachment for detailed requirement. 1. Number of words: more than 150 2. Academic reference or citation is required in Harvard style

  • Q : Explain backward integration Explain

    Explain the term backward integration?

  • Q : Journal article analysis Please read

    Please read attached files for detailed requirement. Please ask the expert to read PDF file first. 1. Deadline: March-08-2014 2. Number of words: no less than 900 3. With deep analysis, academic reference or citation, and real time examples

  • Q : A follow up question Please read the

    Please read the attachment for detailed request 1. No words limit but recommend to write more than 150. 2. Based on the question, please add some example or academic reference in the response. 3. Reference style must be in Harvard style. 4. Write a response and further explanation based on the

  • Q : Assessment of the overall nature of

    Please read the attached file for detailed requirements. Basic requirement: 1. number of words around 700; 2. due time within 36 hours; 3. plagiarism free and with credible academic reference or citations 4. no direct copy, revise or rewriting is necessary

  • Q : What is corporate strategy What is

    What is meant by the term corporate strategy?

  • Q : What is ethics Define the term Ethics?

    Define the term Ethics?

©TutorsGlobe All rights reserved 2022-2023.