Business Strategy:
-> AIM: creating a sustainable competitive advantage. -> HOW: Creating objectives and strategic plan. -> It follows a number of steps: 1.ORIENTATION Vision, Mission, Goals: business boundaries definition 2.ANALYSIS or DIAGNOSIS External Analysis SWOT Analysis Internal Analysis 3.DECISION-MAKING Strategic Alternatives Generation Strategic Alternatives Assessment and Selection 4.IMPLEMENTATION Strategy Implementation 5.CONTROL Control Orientation: -> DEF: orientate […]
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