Topic
Adopting different strategies to create competitive edges in the market (A case of Tesco in the UK): Dissertation paper
Instructions
Answer Preview
As highlighted above, operating in a highly competitive environment constitutes the primary determinant of a firm’s ability to survive and maintain strong levels of profitability. As such, it is critical for organizations to implement considerable strategies to compete effectively. The strength of the cost leadership strategy is one of the key problems that business managers should consider when formulating and implementing strategic decisions (Teece, 2018).
Given that the subject of competitive advantage is a broad subject for this study, the best approach to research is identifying an organization and analyzing a particular strategy to explore its effectiveness. UK supermarkets use different competitive approaches in their business processes, including cost leadership. Therefore, it is important to undertake a case study of one of the popular supermarkets using cost leadership as a strategy of remaining competitive in the market. Supermarket retailing is one of the leading contributors of the UK’s GDP, accounting for over 45% of the British spending on retail (Business Insider, 2015).
Word Count: 12,000