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Strategic Management 1-4 (2. Process crafting and executing strategy…
Strategic Management 1-4
1. Overview Chapter1
1. Defining Strategy p3
CC - A company’s strategy
is the set of actions that
its managers take to
outperform the company’s
competitors and achieve
superior profitability.
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3. The business model p9
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CC - A company’s business
model sets forth the
logic for how its strategy
will create value for
customers and at the same
time generate revenues
sufficient to cover costs and
realize a profit.
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4. Evaluating a company’s resources, capabilities and competitiveness Chapter 4
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3. SWOT analysis p89
Four Components of SWOT, Draw Conclusions, Translate Implications into Strategic Actions p94
A competence = activity that a company has learned to perform with proficiency.
A core competence = activity that is also central to its strategy and competitive success.
A distinctive competence = competitively important activity performs better than its rivals — a competitively superior internal strength.
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