Strategic Approach For A Long-Term Planning

Strategic Approach For A Long-Term Planning

Although acquiring expensive assets and resources can be considered a competitive advantage, but it cannot be adopted as a strategic approach for a long-term planning; rationally, any new competitor with a sufficient and large capital can secure equipment and assets that are more expensive. Therefore, the firm needs to apply an effective diagnosis of their rivals’ strategies, which can provide them an upper hand to implement and obtain a long-term competitive advantage (Grant & Jordan, 2015). On another key point, do you agree that resource acquisition can play a key role in sustaining the firm’s competitive advantage?

Resource:

Grant, R. M., & Jordan, J. (2015). Foundations of strategy (2nd ed.). Hoboken, NJ: John Wiley & Sons.

Dear Badr Thank you for your informative post,

Although acquiring expensive assets and resources can be considered a competitive advantage, but it cannot be adopted as a strategic approach for a long-term planning; rationally, any new competitor with a sufficient and large capital can secure equipment and assets that are more expensive. Therefore, the firm needs to apply an effective diagnosis of their rivals’ strategies, which can provide them an upper hand to implement and obtain a long-term competitive advantage (Grant & Jordan, 2015). On another key point, do you agree that resource acquisition can play a key role in sustaining the firm’s competitive advantage?

Resource:

Grant, R. M., & Jordan, J. (2015). Foundations of strategy (2nd ed.). Hoboken, NJ: John Wiley & Sons.

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