Application of Business Niche in Strategic Management: A Study Based on Oriental Idea of Harmony

DOI: 10.4236/me.2015.62019   PDF   HTML   XML   3,911 Downloads   4,787 Views   Citations

Abstract

Reviewing the business niche theory, this paper discusses the application in strategic management. Health of a company heavily depends on the harmony of its intra-ecology that has effect on strategy. Also the external surrounding is a significant factor which affects the company’s strategic choice. A strategy of dislocation development will reduce direct competition and enhance collaboration. A firm may choose appropriate strategy such as people-oriented policy and performance of corporate social responsibility to maintain the ecological balance of business and enhance its strategic advantage.

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Lin, S. (2015) Application of Business Niche in Strategic Management: A Study Based on Oriental Idea of Harmony. Modern Economy, 6, 217-222. doi: 10.4236/me.2015.62019.

Conflicts of Interest

The authors declare no conflicts of interest.

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