Why does a company need a strategy

Assignment Help Strategic Management

Reference no: EM133214838

Assignment:

A- What (Defn) is the tool or concept

B- Why is it (tool or concept) important?

C- Give a detailed example of the tool/concept in use

1. Sustainable competitive advantage

2. The five most basic strategic approaches for setting a firm apart from rivals and winning a sustainable competitive advantage

3. That a firm's strategy tends to evolve?

4. Why it is important for a firm to have a viable business model that outlines the firm's customer value proposition and its profit formula

5. The three tests of a winning strategy

6. Why does a company need a strategy and how do we know it is working?

7. Company's resources and capabilities give the company a competitive edge over rivals

8. How a company's value chain activities can affect the company's cost structure and customer value proposition

9. Strategic vision, a mission statement, and a set of core values

10. Setting objectives for measuring the firm's performance and tracking its progress

11. Crafting a strategy to move the firm along its strategic course and achieve its objectives

12. Executing the chosen strategy efficiently and effectively

13. Monitoring developments, evaluating performance and initiating corrective adjustments

14. PESTEL (D) Analysis

15. Porter's Five Forces Analysis

16. The Value Net Analysis

17. Driving Forces in the Industry Analysis

18. Strategic Group Mapping Analysis

19. Competitive Intelligence

20. The Competitive Industry Analysis

21. Key Success Factors (KSF) Analysis

22. Industry Attractiveness and Profitability Analysis

23. Ratio Analysis -

24. Competitive Assets - Resource, Capability or competence-

25. Resource Bundle / VRIN / SWOT -

26. Competence, Core Competence, Distinctive Competence-

27. Value Chain Analysis/Process/Industry Value Chain-

28. Benchmarking -

29. Activity-Based Competitiveness-

30. Competitive Strength Assessment Process

Reference no: EM133214838

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