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Exam (elaborations)
BUS 4385: Strategic Management 2023 with complete solution
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---5February 20232022/2023A+
- Strategic Competitiveness 
Achieved when a firm successfully formulates and implements a value creating strategy 
 
 
 
Strategy 
An integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage 
 
 
 
Competitive Advantage 
A firm has this when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. 
 
 
 
Above Average Returns 
Returns in e...
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