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discuss the role of strategy in a firm’s quest for competitive advantage.
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- What do strategic group members have in common with each other? What impact do firms outside a strategic group have on those in that group?Explain why the concept of competitive advantage is central to the study of strategic managementWhat are the five generic competitive strategies? Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving.
- Why is a company's strategic map important to create?Strategy is important to organizations if they are to gain and maintain a competitive advantage. Critically discuss how the strategic planning process assist companies in gaining and maintaining a competitive advantageWhat are the two basic strategy options for creating a competitive advantage?