Back
Anonymous
Hey I am on Medial • 8m
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.
More like this
Recommendations from Medial
SHIV DIXIT
CHAIRMAN - BITEX IND... • 12m
Professional business concepts — “ Strategic alliances ” 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
See More
SHIV DIXIT
CHAIRMAN - BITEX IND... • 1y
Professional Business Concepts — “ Corporate Surveillance And Intelligence ” 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
See More
Download the medial app to read full posts, comements and news.