Identify at least 2 specific tactics that each of the      three employ to support your opinion of their method of competing.

Deliverable Length: 

500–750 words

As a newly promoted vice president (VP), your chief executive officer (CEO) has invited you to participate in this year’s upcoming strategic planning session. You know that this will be high-level type planning versus the more routine type planning you have done in the past. To prepare for this, you have done some research and noted the generic strategies model (cost leadership, differentiation, and focus) in a lot of the strategic-planning literature.

Using the Generic Strategies model, complete the following requirements:

  • Identify and describe 3 retail firms.
  • Note which of the 3 broad strategies that each firm      seems to have chosen (low-cost producer, niche supplier, or      differentiation strategy).
  • Identify at least 2 specific tactics that each of the      three employ to support your opinion of their method of competing.
  • Do the tactics you cited seem to be working? On what      evidence can you base your answer?

Please refer to the following multimedia course material(s): 

  • Unit 4: Conceptualizing a New Business
  • Unit 4: Introduction to Strategic Planning
  • Unit 4: Cost Leadership and Differentiation
  • Unit 4: Strategy & Mission Statement
  • Unit 4: Success & the 4 Functions of MGMT
  • Unit 4: SWOT Analysis
  • Unit 4: Company strategy

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials