Competitive avail: Implemented system that competitors are unable to duplicate or find too costly to imitate
Strategic Management wait on : Full set of commitments, decisions and actions required for a plastered to bring home the bacon strategic competitiveness and earn above average returns (Returns in excess of what an investor expects from other investments with the same level of risk.)
Risk: Investors uncertainty about economic gains/losses resulting from a picky investment.
21ST CENTURY COMPETITIVE LANDSCAPE
Hypercompetition extremely knifelike rivalry among competing firms, characterized by
Escalating & increasingly aggressive competitive moves
Assumptions of market stability replaced with notion of instability and change
Two primary election drivers of the competitive landscape:
The global economy - globalization (emerging major competitive forces)
Technology - rapid technological changes (increased interdependence among countries.
)
gross(a) innovation: new information-intensive technologies are replacing older forms
belt along to market: becoming the primary competitive advantage
Disruptive Technologies that repose value of existing technology and create new markets
industrial ORGANIZATIONAL MODEL FOR ABOVE-AVERAGE RETURNS
Basic Premise : The external surround is the dominant influence on a firms strategic actions and performance
(Strategy theorize on Opportunities and Threats)
1. study the external environment (especially industrial)
2. locate an intentness with high potential for above average ret.
3. Identify the strategy called for by the attractive ind. To earn above av ret.
4. build or acquire assets and skills needed to implement the strategy.
5. Use of the firm strengths(developed or acquired assets) to implement the...If you want to get a dear essay, order it on our website: Ordercustompaper.com
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