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Title: RESPONDING TO THE ENVIRONMENT (Strategies)

Essay Details

Subject: Business
Author: Charleen T
Date: July 22, 2012
Level: University
Grade: A
Length: 2 / 304
No of views: 0
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Essay text:

cut price/ incentives to increase demand b. Adopting to the core: By customizing the product to meet the varied & changing demand. Instead of mass production & a universal product for all, companies opt to produce different products to satisfy different consumer needs. II- INFLUENCING THE ENVIRONMENT Independent Strategies: That an organization acting on its own uses to change some aspect of its current environment...

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[E.g. Public relations, Legal actions, political actions, competitive aggression] Cooperative Strategies: Used by two or more organizations working together to manage the external environment. Types: – Contraction: agreement between two groups to exchange goods / services. – Cooptation: New elements into firms leadership (labor rep’s, bankers, customers) – Coalition: Acting jointly on some issues for some period of time...

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