Competing with Giants Essay Example | Topics and Well Written Essays - 500 words

Competing with Giants - Essay ExampleFor example, Honda had to spend aggressively in order to identify customer needs and wants. bit the local manufacturer of scooters, Bajaj had a competitive advantage over Honda as the follow was aware that consumers in India wanted a low cost, durable and easy accessible and maintainable machines. Bajaj had been around for so many years that it was able to establish and maintain a good relationship with customers and was well aware rough society trends. Another distinguishing factor between Bajaj and Honda was the element of supply chain. Bajaj relied on itself to distributing motor scooters while Honda relied on local producer. Strategic intent is to provide the guild a focus for developing strategic plans that allow the pixilated to move closer to achieving the strategic intent. Strategic plans focus on means to the end, while strategic intent clearly defines the ends and leaves the means unconstrained. Strategic intent leaves room for imp rovisation and opens innovation opportunities. These plans have to be understood by every employee in the company to unite than and follow the companys commander, in order to attain business firms goals. It also provides an indication of the firms techniques which make the firm unique in managing business or outlines an organizations priorities.It can be distinguished through experience or by knowing how the firm is tending to handle business in comparison to its competitors. For example, Starbucks has realized the importance of high quality of coffee beans that are imported from Brazil and a endearing atmosphere enables a customer to enjoy their coffee. The organization offers a variety of coffee and has employed highly experienced coffee producers while employing specialized equipments in order to meet consumer expectations. It even allows consumers to buy their products from anywhere. These are signs of a firms