ASSIGNMENT OF

Strategic Management

Course Title: (Strategic Management)

Course Code: MGT-687

SUBMITED TO:

Prof. Dr. MD Serajul Islam

Adviser (Dean)
Southeast Business School

SUBMITTED BY:
Zakaria Mony
Id No: 2020010001007
Section: 03
MBA (Regular)
 1. As a Manager How would you out compete your Rivals from the market?

Ans:

Out coming opponents dependent on such separating highlights as greater, more

extensive item choice, included execution, better help, progressively alluring
styling, mechanical prevalence or bizarrely great incentive for the cash. Fruitful
connectors of separation systems incorporate Johnson and Johnson in child item
(Product Reliability), Harley-Davidson (Bad kid picture and ruler of the street
styling) Channel and Rolex (Top of the line distinction), Mercedes and BMW
(Engineering structure and execution), L.L. Bean (Good Value), and Amazon.com
(Wide Selection and accommodation).

2. What is a narrow market niche? & why a company should go for narrow
market niche?

Ans:

Concentrating on a tight market specialty and winning a serious edge by making a

superior showing that adversaries of serving the unique needs and taste of specialty
purchasers. Conspicuous organizations that appreciate serious achievement in a
particular market specialty incorporate eBay in online activities, Jiffy lube
International in speedy oil changes, McAfee in infection assurance programming,
Starbucks in premium in espressos espresso drinks, Whole nourishments showcase
in Natural and natural nourishments, and Krispy Kreme in doughnuts Lectogen.
 3. Explain Different actions that should be taken by a company in developing its
strategy?

Ans:

An organization's technique comprises of the serious moves and business moves

toward that directors utilize to pull in and satisfy clients, contend effectively
develop the business, lead tasks and accomplish focused on goals.

Various moves that ought to be made by an organization in building up its

methodology are composed beneath:

1. Actions to react to changing economic situations and other outside

conditions.

2. Actions to enter new geographic or item advertise exit existing ones.

3. Actions to converge with or gain rival organizations.

4. Actions to pick up deals and piece of the overall industry through lower
costs, more exhibitions highlights, additionally engaging structure, better
quality or client assistance, more extensive creation choice, and so on.

5. Actions to reinforce serious capacities and right serious shortcoming.

6. Action's to enhance the organization's incomes and procuring by entering

new business.

7. Actions to structures key unions and community oriented associations.

8. Efforts to pursue new market opportunities and defend against threats to the
company’s well-being.