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Essay example - Strategic Choice and Evaluation
Pages 3 (753 words)
Strategic Choice and Evaluation Name: Institution: Strategic Choice and Evaluation Differentiating an organization from its competitors is a major issue for any organization. Strategic evaluation offers the initial point in the process of strategic management employed by an organization to assess and select the best organizational strategies that will separate the organization from its competitors in the sector…
Extract of sample
This paper will look at alternatives Medtronic’s should consider to realize growth. The paper will assess the best value discipline, generic strategy, and grand strategy for the organization. The paper will conclude by recommending a combination of strategies the organization should put into practice. The best value discipline Medtronic’s should consider to realize growth is customer intimacy. This means that Medtronic’s will concentrate on providing services and products required by a particular client and not what is required by the whole market. Organizations, which are customer-intimate, develop relationships with their clients and are not after one time dealings. They dedicate their selves in satisfying distinctive needs, which frequently only they, by virtue of their profound knowledge, and intimate relationship with clients acknowledge (Grant, 2008). Therefore, for Medtronic’s to realize growth, their suggestion to the clients should be to provide the best solution for them and offer all the assistance necessary so as to realize the best outcomes and at total minimal cost. ...
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