Illustrates the aspects of exacting competitive pressures

Question

Illustrates the aspects of exacting competitive pressures and competitive condition of a company?

Answer 1

Effectively matching an organization’s strategy to the exacting competitive pressures and competitive conditions that exist has two aspects:-

i. Pursuing avenues that shield the firm from as a lot of the prevailing competitive pressures as possible.

ii. Initiating actions calculated to generate sustainable competitive benefit, thereby shifting the competition in the organization favor, putting added the competitive pressure on the rivals, and perhaps even describing the business model for the industry.