quest for competitive advantage

FIND A SOLUTION AT Academic Writers Bay

Explain the role of strategy in a firm’s quest for competitive advantage.
■ Strategy is the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors.
■ A good strategy enables a firm to achieve superior performance. It consists of three elements:
1. A diagnosis of the competitive challenge.
2. A guiding policy to address the competitive challenge.
3. A set of coherent actions to implement the firm’s guiding policy.
■ A successful strategy requires three integrative management tasks—analysis, formulation, and implementation.

YOU MAY ALSO READ ...  MGT502 Business Communication Employee Relations Media and entertainment industry Data personalisation Instagram Content Analysi...
Order from Academic Writers Bay
Best Custom Essay Writing Services

QUALITY: 100% ORIGINAL PAPERNO PLAGIARISM – CUSTOM PAPER