Strategies and Models for Business Industry
The article is on strategic management and strategic competitiveness. It states that the firm achieve strategic competitiveness when they develop and learn how to implement a value-creating strategy. Firms satisfy all of its stakeholders obtaining returns in excess of what investors expect to earn from other investments with similar levels of risk. It discusses different models such as I/O model, resource-based model to support strategic management process. Strategists have the opportunity to dream and to act, and the most effective ones provide a vision to effectively elicit the help of others in creating a firm?s competitive advantage. This article contain number of different modules for the external environment discussing opportunities, threats, industry competition, and competitor analysis. Read the article to know the details.