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The strategic management process - Strategic management

Q: Which strategic levels are there?

Corporate level strategy ; the long-term direction a organization operates, in which market shoul we compete Business level strategy ; How are we going to compete for customers in this industry and market Functional strategy; Guides of organizational resources to implement in the business strategy (finance, marketing,manufactering, humanresources)

3 important questions on The strategic management process - Strategic management

Which sources are there, to get competitive advantage?

Technology
cost and quality
knowledge and speed
Barriers to entry: creating a market stronghold that's protected from entry others
financial recsources: having better investments

What is a strategy?

A comprehensive plan, guiding resource allocation to achieve long-term goals

Which strategic levels are there?

Corporate level strategy; the long-term direction a organization operates, in which market shoul we compete
Business level strategy; How are we going to compete for customers in this industry and market
Functional strategy; Guides of organizational resources to implement in the business strategy (finance, marketing,manufactering, humanresources)