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WHAT IS STRATEGY AND WHY IS IT IMPORTANT - Coggle Diagram
WHAT IS STRATEGY AND WHY IS IT IMPORTANT
What is strategy:
The steps that makes a company outperform others and achieve superior profitability
strategy is about competing differently
mimicking strategies of succesful rivals
Competitive advantage
edge over rivals in attracting buyers
upscale experience
Make it sustainable
setting companies form rivals
low cost provider
a broad diferetiation strategy
focused low cost strategy
a focused differentation strategy
a best cost provider strategy
a company business model
customer value proposition
profit formula
three tests
the competitive advantage
the performance
the fit test