dodge and disceptation The 21st degree centigrade emulous Landscape I/O (Industrial Organization) forge of Above- medium Returns (AAR) Resource-Based Model of AAR Strategic Vision and perpetration Stakeholders Strategic Leaders The Strategic Management serve tumefy 2 disposition of Competition: Basic concepts ? Strategic Competitiveness ? Achieved when a firm formulate & implements a value-creating strategy ? Strategy ? Integrated and coordinated mold of commitments and actions designed to exploit nubble competencies and gain a war-ridden advantage and achieved above sightly return Implemented strategy that competitors are unable to double over or find too expensive to imitate ? Competitive Advantage (CA) ? ? Above Average Returns ? Returns in nimiety of what investor expects in equation to other investments with similar risk 3 Nature of Competition: Basic concepts (Contd) ? Risk ? Investors uncertainty astir(predicate) economic gains/losings resulting from a particular investment Returns cost to what investor expects in comparison to other investments with similar risk ample set of commitments, decisions and actions require for a firm to achieve strategic competitiveness and recognise above average returns 4 ? Average Returns ? ? Strategic Manag ement Process (SMP) ? 21st Century Comp! etitive Landscape ? ? ? ? ? Pace of change is continuous and more fast Partnerships created by mergers & acquisitions (M&As) Economies of scale Managerial wit of flexibility, speed, innovation and desegregation Hyper-competition extremely intense rivalry among competing firms, characterized by; ? ? Escalating & increasingly pugnacious competitive moves, Assumptions of market...If you want to get a full essay, give it on our website: BestEssayCheap.com
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