Identify which ofthe five ‘Generic Strategies’ you believe best meets the target organisation's needs going forward. You must justify your decision by discussing all five Generic strategic options.(4OO words)

Identify which ofthe five ‘Generic Strategies’ you believe best meets the target organisation's needs going forward. You must justify your decision by discussing all five Generic strategic options.(4OO words) Please use Coles(Australia) as organisation to describe and explain. The five ‘Generic Strategies’ 1. Low-cost provider strategies: striving to achieve lower overall costs than rivals on products that attract a broad spectrum of buyers. 2. A broad differentiation strategy: seeking to differentiate the company's product offering from rival's with attributes that will appeal to a broad spectrum of buyers. 3. Afocused (or market niche) low- cost strategy: concentrating on a narrow buyer segment and outcompeting rivals on costs, thus being in position to win buyerfavor by means of a lower- priced product offering. 4. Afocused (or market niche) differentiation strategy: concentrating on a narrow buyer segment and outcompeting rivals with a product offering that meets the specific tastes and requirements of niche members betterthan the product offerings of rivals. S. A best - cost provider strategy: giving customers more value for the money by offering upscale product attributes at a lower cost than rivals. Being the "best - cost" producer of an upscale product allows a company to underprice rivals whose products have similar upscale attributes. This option is a hybrid strategy that blends elements of differentiation and low- cost strategies in a unique way. Question 2. Develop a new ‘Vision Statement’ for the organisation and identify the most important strategic and financial objectives for the organisation for the next five years.(350 words) Please use Coles(Australia) as organisation to describe and explain. The strategy - making, strategy-executing process Stage 1: developing a strategic vision, mission, and values (developing a strategic vision;communicating the strategic vision;crafting a mission statement and linking the vision and mission with company values). Stage 2: setting objectives Stage 3: crafting a strategy to achieve the objectives and move the company along the intended path Stage 4: executing the strategy Stage 5: monitoring developments, evaluating performance, and initiating corrective adjustments Revise as needed in light of the company's actual performance, changing conditions, new opportunities, and new ideas. PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :)