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Competitive Advantage: A firm’s edge comes from unique strengths—craft strategies that highlight these.
47
545 reads
Value Creation: Strategies should focus on creating value for customers and stakeholders, not just on beating competitors.
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440 reads
Five Forces: Assess industry forces—rivalry, buyers, suppliers, new entrants, and substitutes—to identify profit potential.
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403 reads
Unique Positioning: Define your firm’s distinct place in the market through tailored offerings and specific audiences.
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340 reads
Core Competencies: Capitalize on what you do best and make it a cornerstone of your strategy to stay ahead.
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297 reads
Fit Matters: Ensure alignment across activities—each action should reinforce and enhance others, not conflict.
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287 reads
Customer-Centric: Strategies should address customer needs deeply and uniquely, building loyalty over the long term.
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259 reads
Adaptability: Stay nimble—strategic adjustments are key in evolving markets and unpredictable environments.
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265 reads
Competitive Landscape: Continuously monitor and respond to shifts in the market and the moves of competitors.
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238 reads
Long-Term Focus: Avoid the lure of short-term gains; prioritize sustainable growth and value creation.
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258 reads
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