Today, the vice president of your company revealed that you will need to assist the company with its quest to implement a social networking Web site.

He explains to you that you should research the different types of strategic analysis and explain how the strategic analysis will help the company get the Web running.

A report on strategic options and an explain of how they can better help a company in its implementation of a social networking Web site is necessary.

The following questions will need to be addressed for Diversification strategy and Cost Leadership Strategy.

Research Diversification strategy and Cost Leadership Strategy strategic options.

– Discuss how the strategic options can be employed to create and sustain a competitive advantage.
– Discuss the strategic options’ pricing, features, and the clientele base for the social networking application.
– Discuss the pros and cons of each strategic option.
– Make a recommendation on which strategic option to use.