The Competitive Strategies and Their Importance in the Good Business Management

Competitive strategies that companies develop are a key factor to determine how they

will compete in the markets and if their business management will be successful.

It is vital for companies to identify the most effective strategy or set of strategies to

compete efficiently. Only by establishing the appropriate strategy can companies

achieve their proposed goals and objectives. In order for a strategy to be successful, it

must be coherent with its values and goals, resources and capabilities, environment,

structure and organizational systems