Reflection Paper Thesis Example | Topics and Well Written Essays - 500 words

Reflection Paper - Thesis ExampleBasically, the nature of transmission line aspiration within the market is very complex in the sense that the business owner is required to plenitude not only with the specific needs and wants of their target customers but also play close maintenance to the business strategy that each business competitor is using in the market (Brandenburger and Nalebuff). As hotshot of the principles of game theory, business owners should keep in mind the saying that to every action, there is a reception (Brandenburger and Nalebuff 58). It simply means that whatever decision the business owner makes would definitely affect something or someone. deep down this context, major business decision could either directly or indirectly affect the customers, suppliers, or their business partners.To earn profit, the business managers should be able to satisfy the specific needs and wants of their target customers. By doing so, brisk customers would stay loyal to the bra nd. To grab a bigger share in the market, the business owner should halt a more complex business strategy. Aside from examining the product quality, design, and market price offered by otherwise similar companies, the business manager should take it as a challenge to develop new ship canal on how they can crap competitive advantage as compared to their close market competitors (Brandenburger and Nalebuff McGahan Ohmae).In general, the elements fag a successful business or competitive strategy is not limited to the creation of a competitive advantage but also the ability of the corporate managers to position the brand in the market, to create a vision which can be used to guide the rest of the employees to work towards a bingle organizational goal, the need to create and set specific business goals, and the development of business activities that can assistant create more value to the brand (McGahan Ohmae). To increase the chances wherein the