Amazon's Comparison: The Strategic Strategy Of Amazon And Amazon

1643 Words7 Pages
Introduction Effective strategic planning provides the basic foundation through which an industry can attain competitive advantages over others. Taking competitive advantage over others is the advantage over the others in industry. The competitive advantage can only be achieved through solid strategic planning. Strategic objectives are the objectives of organization that is very important to achieve organizational success. Strategic objectives are long term goals of the organization. It helps the organization to convert its broad vision in some specific goals and plans in order to meet organizational success. Analysis of target market must be defined first before identifying competition accurately. After developing some competitive advantage, it will be daily challenged. To beat the competitors and meet the strategic objectives of the company, it is most important to identifying the new areas where there is an opportunity to flourish. It is very important to look at different trends that will expected to emerge in order to plan the strategies which may make the company capable to develop competitive advantages over others in industry. It will help company to closely track its competitors and their future plans as well. It is important to analyse that how the needs and preferences of customers will change with passage of time by changing trends and circumstances (Amit & Zott, 2001). There are large numbers of companies who have developed their smart objectives to gain competitive advantages. In this paper we will discuss different ways in which Yahoo and Amazon have taken steps to build competitive advantage and lead the industry. Amazon.com: a brief history Amazon.com is ranking as world one of the top e commerce company. It is ... ... middle of paper ... ...important for the companies to get aware of all the possible opportunities which have been available to company in future in order to gain competitive edge in industry. The companies must look on a crystal ball in order to analyse the upcoming change in industry and stay ahead in competitive market. Yahoo and Amazon, both of them are having tremendous competitive advantage in the industry. They have tremendous opportunities in industry which make them able to walk on and explore the new paths in order to meet their objectives. Still there are a lot of challenges which has to be taken by these companies in order to maintain and rebuilt their brands and maintain its customer’s awareness and competitive advantages over others on the market. These companies can attain their strategic objectives by reviewing its strategic approach continuously in order to get success.

More about Amazon's Comparison: The Strategic Strategy Of Amazon And Amazon

Open Document