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14. Linkages in the Value Chain: Activities in the value chain can be interrelated. Improving one activity can enhance others. Coordination between activities can lead to cost savings and improved differentiation. 15. Strategic Group Analysis: Identifies groups of companies within the same industry that pursue similar strategies. Helps analyze competition and identify direct rivals. 16. Resource-Based View: Focuses on the internal resources and capabilities of a firm as sources of competitive advantage. Emphasizes the importance of rare, valuable, inimitable, and non-substitutable resources. 17. Competitive Advantage and Market Dynamics: Acknowledge that market conditions change and strategies must evolve. Firms need to regularly reassess their competitive position. 18. Barriers to Imitation: Sustainable competitive advantages are supported by barriers that prevent competitors from replicating advantages. These may include proprietary technology, patents, brand loyalty, or exclusive supplier relationships. 19. Strategic Alliances: Forming alliances can enhance competitive advantage by combining resources and capabilities. Can also mitigate risks associated with entering new markets. 20. Role of Leadership: Strong leadership is crucial for establishing and maintaining competitive advantage. Leaders must foster a culture that encourages innovation and responsiveness to market changes.
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๐ DAILY BOOK SUMMARIES ๐ ๐ 20 Lessons from ๐ ๐ฅ Competitive Advantage ๐ฅ โจ By Michael E. Porter โจ 1. Definition: Competitive advantage is achieved when a company can create more value for its customers than its competitors. 2. Types of Co
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Professional business concepts โ โ Strategic alliances โ Strategic alliances is the most beneficial thing for two or more companies to gain common targeted project and market share with the help of using resources of each other companies . Exam
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๐ DAILY BOOK SUMMARIES ๐ ๐ DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ https://drive.google.com/file/d/1AG_X1jRdbB7dJjxYG7scz4upS04WkuV7/view?usp=drivesdk ๐ฅ Understanding Michael Porter ๐ฅ ๐ 20 Lessons ๐ โจ By Joan Magretta โจ 1. Michael
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๐ Some Templates and lessons that i found important for me ( Save it ) ๐ ๐ The Mind of the Strategist" ๐ - is a book written by Kenichi Ohmae, a renowned business strategist and former McKinsey consultant. The book's emphasis on strategic
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๐ BUSINESS PLAN โ The business plan includes: โ๏ธ Economic assessment of the state of affairs of the enterprise, โ๏ธ identifying potential opportunities for expanding and improving all aspects of business activity, โ๏ธ formation of investment goals
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๐ DAILY BOOK SUMMARIES ๐ ๐ 20 Lessons from ๐ ๐ฅ Playing To Win ๐ฅ โจ By A.G. Lafely and Roger L. Martin โจ 1. Core Premise: โข Strategy is about making choices and winning in the marketplace. The book emphasizes that effective strategy requi
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Professional Business Concepts โ โ Corporate Surveillance And Intelligence โ Corporate surveillance and intelligence is the most powerful and hidden concept in business. Most of the Worlds biggest giants and companies are using this system or ag
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๐ DAILY BOOK SUMMARIES ๐ ๐ DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ https://drive.google.com/file/d/1JpiCPPQyulf4qMCRzH_IX9mu8laESJo4/view?usp=drivesdk ๐ฅ Hardball : Playing to win or Play ๐ฅ ๐ 20 Lessons ๐ โจ By George Stalk and Rob
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