What must a firm do after diagnosing its specific competitive challenge?.

1 answer:

7 0

Firms are known for their strategies. The thing a firm must do after diagnosing it's specific competitive challenge is to create an effective guiding policy.

A firm can be able too achieve competitive advantage through a lot of means such as supplying similar product or service at lower cost.

<h3 /><h3>In which ways can firms maintain its competitive advantage?</h3>

By Creating a Corporate Culture that brings the good Talent
To know all about the DNA Footprint of their Ideal Customer.
To set up their special Value Proposition.

Policies can help a firm in duties as it helps employee to carry out their specific functions orderly.

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