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Core competency: Refers to a company’s unique capabilities or strengths that provide it with a competitive advantage, but not necessarily a specific market position.
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Market segment: A subgroup of a broader market, but not necessarily one that is secure from competitive threat like a propitious niche.
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Product positioning: Refers to how a product is positioned in the market relative to competitors, but it doesn’t specifically relate to the firm’s secure market segment as a propitious niche does.
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Business model: This refers to the overall structure and approach a company uses to generate revenue, including how it delivers value, not the sequence of activities involved in production and delivery.
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Business verticals: These are specific sectors or industries a company operates in, such as healthcare, finance, etc., but don’t refer to the process of creating and delivering products.
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Business concept: This refers to the core idea behind a business or a new venture, rather than the specific activities involved in production and distribution.
Strategic Management: Introduction
Strategic Management: Concept, Process, Decision and Types
0/7
External Strategic Analysis
External Analysis, PEST, Porter’s Approach to Industry Analysis
0/4
Internal Strategy Analysis
Internal Strategy Analysis – Resource-Based Approach, Value Chain Analysis
0/4
Strategy Formulation
Strategy Formulation: SWOT Analysis, Corporate Strategy – Growth, Stability, Retrenchment, Integration, and Diversification
0/7
Business Portfolio Analysis
Business Portfolio Analysis - BCG, GE Business Model, Ansoff’s Product Market Growth Matrix
0/4
Strategy Implementation
Strategy Implementation: Challenges of Change, Developing Programs, McKinsey 7s Framework
0/7