The slow economic recovery from the recession of 2007-2009 forced many businesses to develop new competitive strategies to survive and increase profit. In current business publication, find examples of these strategies and provide a detailed analysis. In your analysis, provide examples of firms whose strategies to increase profit are mainly focusing on generating more revenue, and compare it with those focusing on cutting production cost.
“Finding Your Strategy in the New Landscape” by Pankaj Ghemawat
Respond to one of the following:
•What is the purpose of the responsibility matrix? Discuss the advantages that you will have as you work on your own project by developing this matrix early in the project.
•What is the purpose of the charter? Discuss the advantage that you will have as you work on developing your own charter.