Concern for customers Global Trends Currency exchange rates Free-trade agreement
ID: 2555963 • Letter: C
Question
Concern for customers Global Trends Currency exchange rates Free-trade agreements Trade deficits Physical Environment Trends Environmental sustainability Corporate social responsibility Renewable energy Goals of zero waste Ecosystem impact of food and energy production Competitor Analysis. Firms also need to analyze probabl each of their primary competitors. This analysis should inform identify competitors' current strategies, strategic intent, whom strategic mission, capabilities, core competencies, and Inclu a competitive response profile (see Chapter 2). This as peri information is useful to the focal firm in formulating compar an appropriate strategy and in predicting competitors' and othExplanation / Answer
Acompetitive strategy of an organisation is the core base long term plan it derives or desires to derive to gain competitive advantage in the market and is its core adversing base.
Strategic intent represt the effort/intension of organisiation on what it wants to become in future ie., present plan for the future growth.
strategic mission is the paper form of that strategic intent in shorter time ie whatever in long term an organisation intends it would break that into certianable goals and called strategic mission.
Capabilities are nothing but the organisation's strengths that have to acheive the strategic mission that depends on their internal management lead and also the company personnel and the resources it has etc.,
Core competencies of a firm are its sole abilities and are the bigger strenghts of an organisation and also the major ones.
A competitive response profile would depend on how the organisation seeps into the new market and new decission making, innovative policies and the rivalry size strength and the competition they pose etc.,
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