This article discusses the impact of academic misconduct and strategies to prevent it. It covers the consequences and regulations related to academic misconduct. The focus is on understanding the importance of ethical practices in academic settings.
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Academic Misconduct: Any act of Academic Misconduct will be seriously dealt with according to the College’s and awarding bodies’ regulations. Academic misconduct includes, but is not limited to, the following:Verbatim (word for word) quotation without clear acknowledgement, cutting and pasting from the Internet without clear acknowledgement, collusion, inaccurate citation and failure to acknowledge assistance. Plagiarism is presenting someone’s work as your own. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism, and any other cases of suspected academic misconduct, will be investigated and if found to have occurred will be dealt with according to the College procedure. (For further details please refer to i. the Academic Misconduct Policy and Procedure; ii Academic Misconduct Student Guide; Academic Good Practice Handbook, all available on HELP.) Academic Misconduct: Any act of Academic Misconduct will be seriously dealt with according to the College’s and awarding bodies’ regulations. Academic misconduct includes, but is not limited to, the following:Verbatim (word for word) quotation without clear acknowledgement, cutting and pasting from the Internet without clear acknowledgement, collusion, inaccurate citation and failure to acknowledge assistance. Plagiarism is presenting someone’s work as your own. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism, and any other cases of suspected academic misconduct, will be investigated and if found to have occurred will be dealt with according to the College procedure. (For further details please refer to i. the Academic Misconduct Policy and Procedure; ii Academic Misconduct Student Guide; Academic Good Practice Handbook, all available on HELP.)
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Higher Nationals AssignmentBrief – BTEC (RQF) HigherNationalDiplomain Business Gabriel ZoitaIDHE07501 Unit Number and TitleUnit 32- Business Strategy Academic Year2019/2020CohortApril19Term1 Unit LeaderSyed AhmedAssess or Rahima Khatoon Assignment TitleNissan Strategy Report Issue Date04/05/2020 Submission Start Date (Formative)15/06/2020 Submission Summative26/06/2020 IV NameSeethalakshmy Nagarajan IV Date05.05.2020 Learners Declaration: I certify that the work submitted for this unit is my own and the research sources are fully acknowledged. Learners Name:Date: Academic Misconduct: Any act of Academic Misconduct will be seriously dealt with according to the College’s and awarding bodies’ regulations. Academic misconduct includes, but is not limited to, the following:Verbatim (word for word) quotation without clear acknowledgement, cutting and pasting from the Internet without clear acknowledgement, collusion, inaccurate citation and failure to acknowledge assistance. Plagiarism is presenting someone’s work as your own. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism, and any other cases of suspected academic misconduct, will be investigated and if found to have occurred will be dealt with according to the College procedure. (For further details please refer to i. the Academic Misconduct Policy and Procedure; ii Academic Misconduct Student Guide; Academic Good Practice Handbook, all available on HELP.) Academic Misconduct: Any act of Academic Misconduct will be seriously dealt with according to the College’s and awarding bodies’ regulations. Academic misconduct includes, but is not limited to, the following:Verbatim (word for word) quotation without clear acknowledgement, cutting and pasting from the Internet without clear acknowledgement, collusion, inaccurate citation and failure to acknowledge assistance. Plagiarism is presenting someone’s work as your own. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism, and any other cases of suspected academic misconduct, will be investigated and if found to have occurred will be dealt with according to the College procedure. (For further details please refer to i. the Academic Misconduct Policy and Procedure; ii Academic Misconduct Student Guide; Academic Good Practice Handbook, all available on HELP.)
BUSINESS STRATEGY
TABLE OF CONTENT INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Company background..................................................................................................................3 Impact of macro environment......................................................................................................3 Internal environment and capabilities..........................................................................................6 The Porter’s five forces analysis..................................................................................................8 Strategic management plan........................................................................................................10 CONCLUSION..............................................................................................................................12 REFERENCES..............................................................................................................................14
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INTRODUCTION Business strategy is very important topic for the any business or companies, because the management within each business always responsible for using various business strategies in its daily operations.In this dynamic and modern world, there are very high competition within each industry or sector, in which existing management within each business is highly responsible to use some productivebusiness strategies within its daily operations, otherwise that business can’t survive in the market. This report mainly discusses business strategy aspect of the Nissan. This is popular Japanese automobile brand, and headquarter of companyis inNishiku, Yokohama, Japan. Currently this brand has very large customer base within the international automobile industry.Some specific frameworks also have been used for properly analysing business strategy aspect of this company. MAIN BODY Company background Nissan is a popular Japanese automobile company which was founded in December 1993, headquartered in Nishiku, Yokohama, Japan.Currently the company issuccessfully expanding own business activitieswithinmany new countries in all over the world.The main mission of Nissan is to increasing its market share by 10% in international automobile industry (Groskovsand Ulhøi, 2019). The vision of company is to provide its products and services in approx. all countries. Major objectives of the company are increase brand value in the market by fulling CSR on time, make loyal customer base by providing quality services. The management of company believes in maintaining ethical workplace in its business environment, and that’s why currently Nissan is running on its progressive path. Impact of macro environment Macro business environment factors of the Nissan are highlyaffecting this organisation and its strategies. The management within Nissan should highly consider all factors of its macro business environment. Reason is, these factors will beaffecting its business strategies in both manners positively or negatively.Currently there are various productive frameworks or tools available in the market which can support Nissan for systematically analysing major factors of its macro business environment. For example; PESTLE and Stakeholder tools are best for analysing these factors, in which both factors used below; PESTEL Analysis PESTEL Analytical tool mainly refers 6main factors of macro environment, like; economic, political, technological, social, environmental and legal(Boströmand Celik,2017).In this case, upper management of this company highly responsible toconsider these all factors. Impact of these allfactors discusses below; Political factors:These factors can effectively affect to Nissan, because the management of this company is responsible for fulfillingsuchall formalities that has been imposed by the local government of any country, like; government within the UK has been imposed the taxation onthose all businesses or companies which operates within its authorised zone. In this situation, uppermanagement at Nissan shouldsystematically fulfilthe taxation formalities. According to governments of different countries, a company is always responsible to not harm health of local people by their it’s any operation.In this case, the Nissan also need to avoid those all operations which can harm to the heath aspect of people. Economic factors:These factors also effectively influence to business operationsof Nissan. For example; currently mainly developed and developing countries are able buy products and services of the company. There are most people within the United Kingdom can easily buy vehicles of Nissan, because this country has very excellent economic conditions. Basically, healthy economic conditions of a country always positively affect to the company. On the other side, unhealthy economic conditions of a country can negatively affect to this company. Social factors:Social factors within many countriesare tooappropriatefor the Nissan where it serves. For example; it currently serves within the UK, in which the Nissan hasthe large customer or people basewithin this country (Stathakopoulos and et.al., 2019). Reason is,lots of people within this country are fully literate, that’s why theygive priority to only those brands in the market which provides quality products. Top-level management of Nissan properly understands the actual requirements of people within the United Kingdom. That’s why it has made its production strategies according to social factors of this country.Nowadays upper management of the company tries for providingthe excellent quality vehicles to make satisfied them. Technological factors:In this modernordynamic world, technological factors are positively affecting to the business environment of this company (Pedron,2018).Nowadayssuch all technologicalgadgetsand machineries are easily available within the market which willimprove existing performance of company in the market. In this situation, the management at Nissan shouldimplementthese all technologicalgadgets and
machinerieswithin its productive processes for developing modern vehicles. There iscompetition in the automobile industry is continuously increasing.In this case, upper management of this company need to use high-fi technology in its daily operations toachieveexcellent competitive advantage in the automobile sector. Legal factors:These legal factors also highly affect to the Nissan, because upper management of this company responsible for adheringdifferent legal and ethical considerationsthat has been passed by government of variouscountries. For example; according to government of the United Kingdom, each and every business or venture within this country is responsible to properly adhere business law which has passed by parliament of the UK (Villanuevaand Ferrer,2020). In this situation, Nissan should properly adhere business law while conducting its operations within the United Kingdom. Environmental factors:There are these factors alsoeffectivelyimpacts to the company. Reason is,the company forever responsible foradhering and followingsuch all rules & regulations that has been passed by various environment protection NGOs. In this situation,thisNissan company need to avoid running such operationswithintheworkplace which harm the natural environment.Of course, currently this companyis following these rules and regulations as well. For example; company never produce such vehicles which releases harmful gases and smoke. Stakeholder Analysis The management of Nissan can usestakeholder analytical tool also toidentifyits primeenvironment stakeholders which affects its strategy aspectin both manners positively or negatively. Basically, existing management of Nissan should follow three major steps ofstakeholder analytical tool tosystematically analyse its prime stakeholders. There are these three major steps of stakeholder analytical tooldiscusses below; Step 1: Determiningthe stakeholders Determining stakeholders isthe first stage in the stakeholder tool where the marketing team of Nissan need to prepare a list of its prime stakeholders(Kushinsand Behounek,2020). For example; currently employees, customers, suppliers and shareholders etc. are some major stakeholders of the company. Step 2: Prioritizing the stakeholders Prioritize the stakeholders’ stage,where upper management responsiblefor prioritizing it’s all stakeholders on the basis of their interest and power. Nissan should employ power&interest grid thatprovide opportunity to be understood the actual power &interest of all stakeholders. Generally, power&interest grid has supported in dividing different stakeholders into 4 categories, in which these 4 categories of all stakeholders discusses below; High power & high interest:The shareholders mostlyholds high power & high interest inNissan, because thesemostlygives huge fund to the Nissan by purchasing its shares (Denning, 2016). After this, shareholders are takinghigh interest in this company to achievegreatreturn. High power & low interest:There are customers mainly relates with this category of the grid, because customers mostly have high power on the any business or company. Then they have different other businesses or venturesas wellforfulfilling their needs of vehicles. This is the reason that customers have the law interest in Nissan. Low power & high interest:There are employees have the low power within the Nissan, because employees alwayswork according to upper management’s instructions.Thenthese employees have the high interest as well. Reason is, they have fullydepended on Nissan for fulfilling their earning needs.
Low power & low interest:The suppliers are fully relating to this category of grid, because suppliers mostly have no power for taking decisions within the company. After this, suppliers have the low interest also because they have many other businesses as well to supply own goods and items. Step 3: Communicating with the stakeholders Communicating with the stakeholders is the laststage within the stakeholder tool, in which the managementof Nissan highly responsible for communicatingwith itsvariousstakeholders.There is theaim behind communication is to make an excellent relationship and values with them(Quenum and et.al., 2019). The Nissan will defiantlycapablefor maintaining an excellent relationship its various stakeholders through taking this particular step. Internal environment and capabilities Factors which involves in the internal business environment of Nissanhighly affects Nissan’s strategies. Currently various productive frameworks available in the marketthat can help Nissan toidentify its main internal factors. For example; VRIO framework andMcKinsey’s 7 s modelare best for analysing these factors, in which both frameworks have been used below; VRIO Framework VRIO Framework is the best framework to various businesses or companies, because this framework gives effective chance to a company to gain an excellent competitive advantage in the market. Basically, there are 4 elements involves in the VRIO framework that has been mentioned here; Valuable:The Nissan’s servicesandproducts gains effective value within the international automobile industry. Reason is, it has always offeredthose products in the market which has excellent quality. That’s why lots of people in the market value Nissan’s products and services. Rarity:The management of Nissan focuses on innovatingrare, exclusive or different rangeof servicesandproducts, like; nowadays, thiscompany has providedthe exclusive range of vehicles that no other brands have provided within the market(Tsaiand Liao,2017). Nissan has an excellent R&D (research & development) team that mostly takes differentinnovative steps for maintaining rarity in its servicesandproducts. Imitability:When people or customers has visited inNissan’s showrooms, then present staff is communicating with them in very systematic manner. Employees or staff always shares every information of a Nissan’s product and service with customers in showrooms,this is the reason that lots of customers like to visit within Nissan’s showrooms. Organised:The uppermanagement has aneffectivecompetency to properly organise every business operation in various market places, like;Nissan’s showrooms can’t face issues relating to theshortageof product (Liu and et.al., 2020). Reason is, it has properly organised the strongsupply chain. Nowadays supper management is capable for running its various business operations in progressive manner with the help of existing organising skill or competency. By considering this framework, existing management of company will be able to make very excellent business strategies for enhancing more profit margins. McKinseys 7S Model McKinseys 7S model is very helpful in analysing Nissan’s seven major internal factors (Cascioand Boudreau,2016). Basically,McKinsey’s 7S model indicates company’s seven internal factor called; strategy,systems, structure,values, shared, style, skillsandstaff. These all main factors have been discussed below; Strategy:Upper management of company always believes to adopt and implement modern and latest business strategies in its workplace, because this is the only way to easily gain huge profit in this dynamic world.
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Structure:The company has successfully expanded its business operations in many countries, that’s its business structure is spread at the very large scale. Systems:Top-level management of Nissan is easily capable to run it’s all business operations in systematic manner (Weinrich, 2017). Reason is, the management always monitor, supervise and control its various business activities effectively. Shared values:The Nissan offersequal growth opportunity or chance to its all employees, because it has properlymaintained equality and diversity in its workplace.The upper management of Nissan believes tofulfil the corporate social responsibilities as well. Style:Different manager and leaders within company uses different leadership and management styles for positively influencing performance of their employees. Staff:Most staff and employees of Nissan has well-developed skills, abilities and competencies, that why these employees and staff give their great contribution in overall growth of Nissan. Skills:The HRM of Nissan always provides different training and development session to all existing employees for improving their different skills (Jansson,2020). Employees with improved skills are very necessary to the company. Top-level management at Nissan should be highly considered these seven internal factors to make its business environment more productive in the terms of achieving high market share. The Porter’s five forces analysis To analyse the competition in market thisframework is used so that the company can have abetter positional service in the market.The competitive level in the market is on high increasewhich needsto be analysed and worked onotherwise Nissan will lose their loyal customers and market share to the other organizations. The managers will have to take the right decisionsfor the company so that there is higher functioning andthere have tobe maximise and strengthen the modern strategies which brand willhave to opt for themselves. Threat of new entrants (Low) For any organization to start in this industry there is a requirement of high investment which the organization will have to make. Nissan has already made a strong base for them in this industry which will work as high asset for the organization. There is a need for experience and skilledemployees in the company sothatthere are better serviceswhich can take place because the customers are loyal to the other companies which are already functioning in this industry and for any new industry to come up, those chances are less in this industry (Mazzaroland Reboud,2020). There isa lot of new investmentwhich willbe shall be propogated in theresearch and development department as well and Nissan has already made a strong place for them in this industry and a high profit margins are being generated by the company. Degree of Rivalry (High) Thereare a large number of competitorswhichNissan is facing in the market whichhas to beworked by the organization.There are more experienced and skilled companies in the market like BMW, Audi, Mercedes, etc which have already made a strong base before Nissan. There will have be more creativity which the organization will have to use in the market so that Nissan can attract more customers. Nissan is being able to understand their customers and their expectations from this industry as well which can help the company to innovation more productsin the industry which is agreatfactor for the Nissan.The company has a good reputationin the market which is a very good asset and capital developed parameterfor the organization which iswhy major competitorscannot compete with Nissan. Threat of Substitutes (High) The existing competitors in the market are high which is why the substitute for the products is easily available in the market which has to be maintained. There has to be a good and effective training and development so that the organization can reach to the customer base faster and better than the other competitors in the market.There are many changes and innovations which are being done by the company so it can achieve better results. Bargaining power of buyers (Medium) The trends are changing which is why the company will also have to change their products according to the demand in the market.There are a lot of discounts or offers alsobeing given to different customers on time,so the company will be able to gain an excellent competitive advantage in the market(Cullenand Calitz, 2018). There are electrical cars which are being prepared by Nissanso that they can make the environment for the customers improve and the high brand image of the companywithin various market segments.
Bargaining power of suppliers (Low) There issupplier’sbase of Nissan is very well established in the market because of the years Nissan has spent in this industry. It is toonecessarythiscompanyfor having a strong base toitself in the market.The suppliers which are pricing their material high the organization shifts to another supplier so that the company can get the best quality material at a cost friendly method for the organizations higher profit margins. The productivity and the operations do not get affected by using this methodthat is an effective advantage to the Nissanwithin the market. Strategic management plan Bowman strategy clock is one of the most innovative and highly easy strategy tool which provides wide options for positioning within market based around wide prices and perceived value structure. It is commonly used in connection with tool such as Ansoff matrix which is also widely used for developing innovative market position with strong competitive benchmarks. Theses strategic tools also play an important role to develop wider marketing segments which will enableNissanto build business plan with wide determinants. Porter generic strategy model has three strategic options available to company for gaining higher competitive place within the fundamental development paradigms pertaining onto higher working potentialities which are cost leadership, differentiation and focus through whichNissanwill be able to develop wide scope within retail world scenario. Strategic management plan works as one of the most evocative business elements to bring out higher growth activities where businesses are at present lacking and purposes to achieve within the set paradigms of competitive edge for gaining stronger marketing progressiveness (Cardoni,Kiseleva and Lombardi, 2020). Nissan for gaining higher position within the competitive business world where new brands and companies are coming up with higher innovation and deliverance of strong synergy of positive working functionality on long
term business value. The strategic business management plan will be focused onto higher synergy of functional efficiency for technical progression to bring on developed business strength, keenly progress on varied segments and also technically progressively work onto more innovative business demands. Background:Nissanis one of the oldest and largest retail company within UK industry which has developed as one of the best prominent name with products wide varieties and wide consumer goodwill. Structure:Nissanworks with Innovative company structure where there are various departments working with productive goals to leverage onto new synergy of advancement with competitive strength. Vision statement: The Nissan being one of the best automobile company works with vision to bring on best innovation with higher creativity onto more regulations where the machinery of all engines are programmed to bring on best services of automobile. Vision has been working with strong marketing skills and determinants to potentially bring higher synergy of innovative optimistic growth for building wider market share, rationally analysing the latest factors to bring on stronger determinants for longer goodwill among customers market share and goodwill development. Mission statement:The mission is to bring out best automobiles of brand within the domestic as well as expand into international market segments with wide factors of latest innovation, new production methods and higher marketing within world levels to gain stronger connectivity as per the set goals of higher competitiveness (Cavaleriand Shabana, 2018). Core marketing strategies: Nissan being one of the best brand of automobile industry in Japan further focuses to built large innovation into marketing avenues where marketing efforts are highly focused to be strongly innovative as per the customer preferences. The brand will aim to enter into untapped countries market wit best marketing ideas of strategic innovation and regulate the stringent business proposed values to be gaining stronger marketing paradigms with the pace of time to bring on world benchmarks The brand aims to be stronger and developed with best marketing strategies to bring on higher effective business paradigms, keenly work towards progression and leverage data onto best marketing fundamentals as per changing paradigms of world automobiles. Nissan will focus to develop sustainable business goals within the marketing avenues and develop innovative communication channels to be optimum present to varied business demands(Ibrahim, Rizaland Mahadi, 2016). Long term goals: Nissan long term goals are progressed to work onwards with best innovation and creative marketing factors of larger scale services and to develop new scale services as per rational functional elements onto business values. The Nissan brand on long term aims to be one of the most innovative developed business brand of automobilewithlatestinnovationintoallparadigmsandtechnicallybemoreprogressiveontonew determinants. Marketing mix:Product: Higher quality patterns and innovation into products with balanced price strategy factors to lead onto competitive factors and pace factor where online availability of various websites will be focused which will also promote well onto larger levels within world paradigms. Objectives: The Nissan automobile company onto yearly objectives will frame yearly objectives to pertain into international markets where untapped opportunities will be targeted further with stronger business innovation. Brand will also invest onto new production standards to be one of the most technology innovative brand and rationally be active to bring forward customer satisfaction services with large innovation paradigms. The brand also aims to deliver higher growth synergy of advancement within all paradigms of marketing and business segments value proposition to bring on stronger place within higher yield of automobile industry (Ike, 2017).
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Yearly objectives also hold the opportunity for Nissan to be developed onto more strategic vision and build long term proposed business values within the set reflected visionary goals and larger determinants to keep producing latest research segments of innovative marketing. Evaluation: Various google analytics and marketing analysis tools are used by top management top pertain into wider synergy of innovation and keenly focus onto how new fundamentals can be enhanced. Action plan: The action plan of Nissan will be focused to being on new determinants of effective strategic planning to build on rational functional approaches of working with technology, to productively bring on stringent business values where rationally there are higher developed business potentialities. Relatively invest on training of employees working in all departments and actively work towards gaining stronger business values within the competitive automobile industry onto various paradigms to bring on longer proposed business value. CONCLUSION It can be concluded that, the upper management at Nissan has highly required for makingvarious productive business strategies for systematically dealing with impact of different macro and micro environment factors. On the other side, management can use various frameworks and models for properly analysing different factors of its business environment which can affect Nissan’s business operationsin both manners positively or negatively. On the basis of analysis, currently most macro and microfactors of the company positively affect itsvarious operations(Renfors, 2017). The Nissan should always develop productive and effective business strategies, so it will be ableto achievehugecompetitive advantage within international automobile sector.
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