What is one of the methods used in corporate strategies for development?

Understand the Problem

The question is asking for a specific method utilized in corporate strategies aimed at development, presenting four options to choose from.

More Information

Competitive analysis involves identifying direct competitors, evaluating their strengths and weaknesses, and helps shape how the company will differentiate itself by building a sustainable competitive advantage.

Tips

A common mistake is not considering indirect competitors or potential market entrants while performing a competitive analysis.

Sources

• Corporate Strategy Blog - Cascade Strategy - cascade.app