Competitive Advantage

CHP 1 A strategy is a set of relate actions that managers take to increase their companies performance goals. Major goals of companies to maximize returns that sh atomic number 18holders induct from holding shares in the troupe. To maximize shares managers must pursue strategies that dissolving agent in high and sustained do goodability and also in profit growth. The profitability of a company can be measured by the return that it makes on the capital invested in the enterprise. Profit growth of a company can be measured by the growth in earning per share. Profitability and profit growth are determined by the strategies managers acquire A company has a competitive advantage over its rivals when it is more advantageous that the average for all firms in its industry. Sustain advantages are when companies are able to do this over a number of years. A company with competitive advantage will grow cabbage more rapidly than its rivals. General manager are trustworthy for the overall performance of the organization or for one of its major(ip) self contained divisions. Their overriding strategic concern is for the health of the add up organization under their direction. Functional managers are responsible for a particular business function, they lack general management responsibilities.

white-tie Strategic projectning models stress that an organization strategy is the gist of rational planning work on Major components of strategic management process are defining the mission, vision, values, and major goals of the organization; analyzing the internal and immaterial environment; choosing a business model and strategies that align an organizations strengths and weaknesses with foreign environment opportunities and threats. Strategic planning fails because executives do not plan for the uncertainty and ivory tower planner lose impress with operating realities. In spite of systematic planning, companies may adopt poor strategies if their decision making process are open to... If you want to get a full essay, order it on our website: Orderessay

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