Strategy to “out compete” closest competitors

The strategy we would use to out compete the closest competitors D,H and I, is to

use a growth and cost-leadership strategy.

By looking at this chart, you can see that our company F has a very low amount of

chain stores open in comparison to the rest of the companies. This is a major factor

that affected our potential to be very high. By using the growth strategy and

expanding the size and scope of the operations, we can provide more products to

various markets around the world. If more online and chain stores are opened

within the next two years, the company would have a higher chance to out-compete

the other competitors. The other strategy to out-compete the competitors would be

to use the cost-leadership strategy. By looking at companies D,H,I one could see that

they had relatively low prices in the entry level segment, and high prices in the

multi-featured segment. In order to compete with these companies, our company

should seek ways in order to operate with low costs. By operating with low costs,

the products can be sold at low prices and in return bring more demand into the

market. Through using low costs and opening more stores to a variety of markets,

our company will bring in more demand through the use of expansion within the

next two years. . By using these two strategies, our company can strive to eliminate

the other competitors and become one of the strongest competitors.