Question

Question 3 10 pts You are a strategy adviser and your client feels that none of the generic strategies work for their organisation due to the dynamic nature of their markets. They have heard about interactive and cooperative strategies, and ask you to explain these types of strategies to them. Provide examples with your answer. HTML Editor

Answer 1

Answer:

Cooperative and interactive business strategies are the new normal in the business world. Many businesses progress ahead by mutual cooperation between their partners so that the there is proper information sharing throughout the supply chain and hence the whole business model is progressive in nature. Amazon , for example, follows a collaborative strategic approach for its e-commerce business, in which its suppliers create the latest trends and inform the platform. The Platform will use this information for all of its home products. This information.

Today they are interactive approaches in the business world too, which mean that they are two permanent contact channels in the organization. One is set up between the company and its clients and another is created between the organization's different departments. It means that all plans are efficiently executed and teams interact effectively, so that companies can be flexible to meet all business conditions, and so that companies can change processes to ensure a strong customer response in real time. These are businesses like Apple and GE who ensure that the consumer's needs are adequately met by creating customer feedback channels. They are collaborative internally, which ensures the successful implementation of correct policies and the vertical and horizontal transmission of messages from top management in the company so that all workers are on the same page. The use of social media and internet sites for external communications is made accessible and resources such as Skype and WebEx are used to conduct adhoc meetings in the enterprise to ensure that information and feed-back can be adequately gathered.