Strategy

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<h3><strong>Strategy for Competitive Advantage<&sol;strong><&sol;h3>&NewLine;<p align&equals;"justify">Best strategy is always source of competitive advantage only if it is unique in nature&period; Strategy remain unique for limited period of time because competitors watchers determine strategy after some time and replicate same to vanish competitive advantage&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Levels of strategy<&sol;strong><&sol;p>&NewLine;<p align&equals;"justify">Strategy can be defined at three levels of business each one have different impact&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Corporate Strategy<&sol;strong><&sol;p>&NewLine;<p align&equals;"justify">This is the high level strategy which impact entire strategic business units exist within corporate&period; This is high risky strategy normally made by investors&comma;higher management and board of directors&period; Corporate strategy is normally mentioned in terms of mission statement&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Business Strategy<&sol;strong><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p align&equals;"justify">This is the second level of strategy applied on functional areas of the business&period; The business strategy concerns about employees&comma;products&comma;services&comma;gaining edge over competitors or exploiting and creating new opportunities&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Operational  Strategy<&sol;strong><&sol;p>&NewLine;<p align&equals;"justify">This level of strategy is the lower level strategy made by the departmental heads to run the processes&comma;operations and manage the resources&period;<&sol;p>&NewLine;<h3>The Key for strategy implementation success<&sol;h3>&NewLine;<p align&equals;"justify">During the strategy formulation stage presence of stakeholders is essential&period; If operational level employees are not involved in strategy formulation then strategy implementation will be not remain the same due to lack of knowledge and understanding&period;<&sol;p>&NewLine;<p align&equals;"justify">&NewLine;<p align&equals;"justify"> &NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;