Friday, May 31, 2019

Competitive Organization Essay -- Business

How does your organization compete? Walker et al. (2010) write, competitive strategies are based on overall patterns of purpose, practice, and performance. After reviewing the annual report and telephoner website, it appears that Limited Brands Inc. (LTD) does not only have one competitive strategy. Since the firm is divided into several distinct strategic business units (SBU) with differing core competencies and available resources, as well as disparate customer and competitive characteristics it engages different strategies to create value, promote growth and profitability (i.e. Victorias Secret and Bath & personify Works Walker et al., 2010). For instance, the Victorias Secret SBU appears to leverage a differentiated analyzer strategy by actively seeking to expand into cogitate return markets with differentiated offerings (Walker et al., 2010). Not only does Victorias Secret offer a differentiated line of lingerie, but it in addition has expanded its product offerings to in clude beauty, apparel, and accessories. These expansions are largely financed and supported by the SBUs core business (lingerie) and its profitable, strong brand reputation. In contrast, the Bath & Body Works SBU seems to employ a differentiated defender strategy (Walker et al., 2010). Its activities focus on constantly improving existing offerings by modifying products as well as processes. In addition, it also defends its market position through line extensions to help insulate and fortify the companys position from competition. In its annual report LTD notes we are crisply focusing on bringing compelling merchandise assortments, marketing and store experiences to our customers (LTD, 2011). This implies that LTDs overarching strategy is driv... ...ity. Resources Anderson, J.C., Narus, JA., & van Rossum, W. (2006). Customer value propositions in business markets. Harvard occupation Publishing. Retrieved from http//hbr.org/ Johnson, M.W., Christensen, C.M., & Kagermann, H. (2008) . Reinventing your business model. Harvard Business Publishing. Retrieved from http//hbr.org/Limited Brands Inc. (LTD). (2011). Proxy statement and annual report. Retrieved from https//materials.proxyvote.com/Approved/532716/20110328/CMBO_86861/HTML2/default.htm Porter, M.E. (1996). What is strategy? Harvard Business Review. Retrieved from http//hbr.org/ Treacy, M., & Wiersema, F. (1993). Customer intimacy and other value disciplines. Harvard Business Review. Retrieved from http//hbr.org/ Walker, O.C., & Mullins, J.W. (2010). merchandise strategy a decision focused approach (7th Ed.). New York, NY McGraw-Hill.

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