Strategic Choice and Evaluation

Complete 3 pages APA formatted article: Strategic Choice and Evaluation. This paper will look at alternatives Medtronic’s should consider realizing growth. The paper will assess the best value discipline, generic strategy, and grand strategy for the organization. The paper will conclude by recommending a combination of strategies the organization should put into practice.The best value discipline Medtronic’s should consider to realize growth is customer intimacy. This means that Medtronic’s will concentrate on providing services and products required by a particular client and not what is required by the whole market. Organizations, which are customer-intimate, develop relationships with their clients and are not after one time dealings. They dedicate their selves in satisfying distinctive needs, which frequently only they, by virtue of their profound knowledge, and intimate relationship with clients acknowledge (Grant, 2008). Therefore, for Medtronic’s to realize growth, their suggestion to the clients should be to provide the best solution for them and offer all the assistance necessary so as to realize the best outcomes and at total minimum cost.The best generic strategy to be employed by Medtronic’s should be the cost leadership strategy. Generic strategies illustrate the techniques of attaining competitive advantage. This explains the techniques employed to establish the upper hand that gets the organization the sale and takes it away from rivals in the sector. There are two ways Medtronic’s may realize this by utilizing the cost leadership strategy. One, Medtronic’s may enhance earnings by minimizing expenses while utilizing industry-average costs.Two, Medtronic’s may augment market share by imposing reduced costs, while at the same time making a real profit on every service offered and of product sold because Medtronic’s will have decreased costs. One should bear in mind that cost leadership concerns lessening the cost to the organization of providing services and products. Also, it should be noted that the price or cost paid by the client is a distinct matter. The cost leadership strategy entails being the leader with regard to cost in the market or industry. Being among the lowest-cost producers is simply not sufficient as Medtronic’s will leave itself wide open to competition by other organizations who offer services and products at a lower cost and, consequently, may emasculate Medtronic’s prices and, therefore, hinder its capacity to realize growth. Therefore, Medtronic’s needs to have confidence in attaining and retaining the leader’s position prior to selecting the cost leadership strategy. Nonetheless, organizations that successfully realize the cost leadership strategy typically contain extremely adequate logistics, access to the funds required to invest in technology which will help lessen costs, and a reduced cost base, and a strategy of efficiently reducing costs beneath those of its rivals (Olsen, 2012).The grand strategy that Medtronic’s should consider to realize growth is product development.

Don't use plagiarized sources. Get Your Custom Essay on
Strategic Choice and Evaluation
From $8/Page
Order Essay
Full satisfaction or return your money back

Our experts will write you a top-quality paper and revise it an unlimited number of times until you're 100% satisfied - or offer a refund.

Check Prices
Get the best discount and better grades here
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know that being a student these days is hard. Because of this, our prices are some of the lowest on the market.

Instead, we offer perks, discounts, and free services to enhance your experience.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
How to get the most out of your experience with Toptutor4me
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Here is what our happy clients say about us.
Receiving customer feedback and reviews from legit students who have utilized our services is one of our favorite part of the job. We love seeing testimonials from happy students whom we have helped to succeed. Read through the below review page to see what our partners think.
Perfect! Very informative! Appreciate all of your hard work! Thank you very much.
Customer 452483, September 22nd, 2021
Amazing thank you!
Customer 452615, August 1st, 2022
Excellent. Thank you.
Customer 452487, August 26th, 2021
You guys are awesome! Appreciate all of your hard work! Thank you.
Customer 452483, October 15th, 2021
EXCELLENT JOB!!! VERY PLEASED :)
Customer 452483, July 5th, 2021
On point! Appreciate all the hard work!!
Customer 452483, August 16th, 2021
Thank you for your hard work; I enjoyed reading the essay and appreciate your writing.
Customer 452483, July 18th, 2021
Great good
Customer 452555, February 14th, 2022
Excellent writing !! Definitely I will use your services again... Thank you.
Customer 452487, August 22nd, 2021
Perfect! Thank you so much for all of your hard work and help! Appreciate it!!
Customer 452483, August 30th, 2021
PERFECT! Thanks a million, you're all awesome!!!!
Customer 452483, July 7th, 2021
This writer was very quick with the draft and even faster with the revision! Thank you!
Customer 452603, May 30th, 2022
11,595
Total Reviews
98%
Satsfaction rate
6 pages
Average paper length
40%
Customers referred by a friend
Enjoy the best prices and lifetime 15% discount
Use a coupon TOP15 and enjoy expert help with any task at the most affordable price.
Order Now Order in Chat