To begin, assessing which business level strategies are most important for a corporation’s long term success can often depend heavily upon their competitive landscape. However, many consider that cost leadership or differentiation should usually be at least part of a strategy mix (Ghemawat & Rivkin 2014). Cost leadership entails being able to produce goods or services at cheaper costs than competitors (Hitt et al., 2020). On the other hand, differentiation involves producing products with unique qualities not seen elsewhere (Hitt et al., 2020). For example, if they operate within an industry where customers value low prices over all else then cost leadership may be best while if they have access to technology or resources unique to them then differentiation could give them an edge over competitors. Additionally, organizations can also look into focusing on specific market segments such as geographic locations or customer groups (Ghemawat & Rivkin 2014) so as to better tailor their products towards that particular demographic as well as create switching costs preventing customers from leaving for competitors easily. Therefore by making sure to deploy multiple different types of strategies rather than just one helps organizations maximize their chances for success over time no matter how conditions change outside of their control..

On the corporate level there are many things companies need take into consideration but two critical aspects involve structure and culture (Mintzberg 2018). Structure refers to how decisions are made across organizational units whereas culture has more do with shared values among personnel working inside those units (Mintzberg 2018). Both of these elements work together closely when strategizing changes since strong cultures tend lead people towards following directives set forth by management while having efficient structures allows decision makers quickly approve new ideas easier without too much bureaucracy getting involved first (Mintzberg 2018). Having both effective structure and culture present within an organization gives it flexibility needed adjust itself according rapidly changing external conditions while still remaining organized internally allowing it stay ahead competition even during uncertain times albeit through different means depending on what situation calls for specifically..

In terms comparing our own company another let us use example tech giants Apple Microsoft respectively represent each side equation since they have been known compete directly against other various areas ranging hardware software design services provided etcetera.. Using data collected from sources like annual reports financial statements press releases etcetera we can see both companies focus quite differently when it comes developing implementing strategic plans Apple tends favor differentiation strategy relying heavily marketing campaigns introducing exclusive features devices build loyal consumer base whereas Microsoft prioritizes cost cutting measures along research development innovative technologies make services available lower price than its rivals . As result Apple sets higher price points attract wealthier consumers segmented market whereas Microsoft offers competitive pricing appeal wider audiences attempting gain larger portion share total pie . Therefore when evaluating effectiveness either approach comparison shows two entities employ differing tactics come away highly successful despite differences outlined above thus far..

To conclude after examining both company’s respective approaches growth sustainability appear clear winner between them depends largely context seeing how would fare under slow cycle versus fast cycle markets . In former case organization needs prioritize keeping expenses down possibly taking advantage government incentives boost bottom line while latter requires investment increase production levels meet demand quicker create barriers entry deter challengers early stage development product life cycles . And although each choice presents own pros cons evidence presented here suggests Apple slightly better suited face challenges come due consistently high quality standards maintaining dedicated following fans addition highly efficient supply chain enable quick turnaround times new releases reiterate brand message giving slight edge over rival Microsoft’s ability capitalize lower priced offerings large quantities . Ultimately regardless outcome though key point remains same regardless whether fast slow cycles firm relies heavily upon appropriate selection implementation mainstay competencies maintain foothold amongst others ever evolving digital economy remain relevant years come .