Analyze the importance of each element of a business strategy and how the execution of the strategy can bring about further growth for the company. In addition, discuss the competitive advantage aspect in relation to the business strategy of the organization. Provide an example of a retail business that competes in a higher competitive global economic market and discuss and how its business strategy has led to its competitive advantage.
Primary Task Response: Within the Discussion Board area, write up to 3 paragraphs that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Search the library and Internet, and provide an example of a successful retail business that competes on the global economic market. How has this led to its competitive advantage?
Provide specific examples to support the points in your post.
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