Crafting and Executing Strategy
22nd Edition
ISBN: 9781260157475
Author: Thompson
Publisher: MCG
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Question
Chapter 1, Problem 3ESP
Summary Introduction
To discuss: The basic strategic and competitive approaches that make sense to purse to person X.
Summary Introduction
To discuss: Terms of competitive advantage that company should achieve over their rivals.
Summary Introduction
To discuss: Company’s business model.
Summary Introduction
To discuss: Kind of actions will support the company objectives.
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Setting strategic objectives is important in your personal career as well. Identify and write down three or four important strategic objectives you want to accomplish in the next few years (finish your degree, find a better paying job, etc.). Are you allocating your resources (time, money, etc.) to enable you to achieve these objectives? Are your objectives measurable, timely, realistic, specific, and appropriate? Do you spend any time and energy in activities that do not contribute to your strategic objectives? Why do you think these activities are not productive? Then reflect and rewrite your objectives that are measurable, timely, realistic, specific, and appropriate.
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