1. "Follow the leader": This strategy involves copying the strategies of the leading competitor in the industry. The downside is that it may cause the company to ignore its own competitive advantages, and there's a risk that the leading competitor's strategy may not be effective. 2. "Hit another home run": This strategy is used when a company has had a successful product and then focuses on finding another product that will ensure growth and prosperity. The risk here is that the company may overlook other potential opportunities in its pursuit of another "home run". 3. "Arms race": This strategy involves aggressively competing with other companies to increase market share. While this may increase sales revenue, the increase may not cover the costs of product promotion, advertising, research & development, and other expenses. 4. "Do everything": This strategy involves pursuing all attractive market opportunities. Initially, the company may have enough resources to develop each idea into a project. However, as the number of projects increases, more resources are needed. Over time, energy, time, and money may be exhausted in developing too many projects.4