From an analysis of external and internal conditions, determine a firmâ€™s market position and business level and supporting strategies.
The content of chapters 3 and 4 are some of the most important in strategic management as they relate the concepts of value creation, firm performance and competitive advantage.Â Knowing this, a firm can define its business unit level strategy (addressed in chapter 5).
So, using the language of this discipline, explain the way in which your firm creates value.Â Â If your firm has multiple business units, select one of them to use for illustration (rather than trying to do them all).Â You may also use Davenport University or a non-profit organization you have knowledge about using the following questions as a guide:
How does the organization evaluate its performance in financial terms?Â
How does it acquire, retain and enhance its â€œHuman Capitalâ€?
Being able to express these important concepts in the context of your firm/organization is an important executive skill.Â I look forward to reading your postings and collegial feedback.
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