Professional Documents
Culture Documents
ventures and strategic alliances, that allows a firm to enjoy the benefits and successes which
could not or may not be enjoyed otherwise. This happens mostly because formation of
cooperations gives firm a extra wings to share the available resources and guide, learn and lead
each other from one another’s strong aspect (Ketchen, Snow, & Street, 2004). On the other hand,
competitive moves can be defined as the strategies which are oriented towards the market which
is newly launched by any firm to threaten the demand and supply status quo of the market. This
move improves the status of own firm while attacking the share of the other rivals or competitors
For this assignment I have decided to work further on Retail industry. Talking about the
Product assortment: Being competent in the market means being the first doers or
initiating the strategies prior than others in the market. As a retail business, we must have
proper planning and strategies related to the product that we offer. Having better product
lines and varieties of product helps in increment of sales volume. Adding up the products
alternatives, flavors, categories, and sizes is the strategies that I would suggest. Also, the
proper space for storing the products, which are visible in an effective and attractive way
and can be sorted easily when required by our customers. As the digital visualization of
the products, which attracts and seems appealing to the customers are suggested for the
competitors move.
feeling of sharing the resources and ideas to run in the market for better productivity and
increment of sales volume. Partnering with the two or more organization helps the
business to flourish the idea and explore the opportunities to penetrate the market even
more and grow the business. Also partnering with international and national organization
helps in the distribution channel, knowledge about the culture, expertise in the field of
technologies and innovations will be adding up the fuel in the retail business.
Competitive move
Benefits are:
Small businesses can find a way to grow their business, and flourish in the market from
Companies can offer varieties of product line so that their customers do not shift to
different buying platforms, rather stick to them as we offer everything that our customers
need.
Risks are:
Mixing of products can be a confusing one for the customers, as the mixing of popular
items with the unpopular item would be difficult for the customers to find the appropriate
product.
Cooperative move
Benefits are:
Exploring the international market and culture will be helpful in the future if the company
Risks are:
Conflicts of ideas from different perspective of people from two partnering companies.
Management of the operations and strategic part of the organization might be unparallel,
if they are to tie up with the international companies due to the cultural and language
barriers.
Reference
Bengtsson, M., & Kock, S. (2000). “Coopetition” in business networks—to cooperate and
Ketchen, D. J., Snow, C., & Street, V. (2004). Improving firm performance by matching strategic
29-43. Ibid.
Ferrier, W. J. 2001. “Navigating the Competitive Landscape: The Drivers and Consequences of