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Developing Country Studies ISSN 2224607X (Paper) ISSN 22250565 (Online) Vol.5, No.3, 2015www.piste.competitive Strategies and Firm Performance in the Mobile Telecommunication Service Industry: A Case
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Identify your competitive advantage, such as unique products or services, low cost structure, strong brand image, or superior customer service.
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Analyze your industry and competitors to understand their strengths, weaknesses, opportunities, and threats.
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Define your target market and segments to focus on.
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Set clear and specific business goals and objectives.
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Develop a strategic plan that outlines the competitive strategies you will pursue, such as differentiation, cost leadership, or niche focus.
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Startups and entrepreneurs who are entering a competitive market and need to establish their position.
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Competitive strategies refer to the methods and techniques used by a firm to gain advantage over its competitors in the market.
Firms operating in a competitive market are required to file their competitive strategies and plans.
Competitive strategies and firm can be filled out by detailing the specific strategies and tactics that the firm plans to employ to stay ahead in the market.
The purpose of competitive strategies and firm is to outline the competitive advantage that the firm aims to achieve and to provide a roadmap for achieving that advantage.
Information such as market analysis, target audience, pricing strategies, and marketing tactics must be reported on the competitive strategies and firm.
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