SYSTEMS DEVELOPMENT ANALYSIS
SYSTEMS DEVELOPMENT METHODS AND TOOLS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the methods that can be used to assist companies in sustaining and achieving competitiveness?
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Scenario planning and planning for competitiveness
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Scenario approach and planning for competitive advantage
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Planning for competitive strategies and Feasibility Studies
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Planning for competitiveness and scenario planning for strategic IT
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Explanation:
Detailed explanation-1: -The two basic types of competitive advantage combined with the scope of activities for which a firm seeks to achieve them, lead to three generic strategies for achieving above average performance in an industry: cost leadership, differentiation, and focus.
Detailed explanation-2: -According to Porter’s Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. These are: Cost Leadership, Differentiation and Focus.
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