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Lecture 6

ADM1300 Lecture : Lecture 6-ADM1300
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Department
Administration
Course
ADM1300
Professor
David Delcorde
Semester
Fall

Description
Strategy and Strategic Management Lecture 6 - ADM1300 Competitive Advantage- Operating with an attribute or et of attributes that allows an organization to outperform its rivals Sustainable Competitive Advantage- One that is difficult for competitors to imitate Ways to Outperform Competition - Cost and quality - Knowledge and speed - Barriers to entry - Financial resources - Technology Levels of Strategies - Corporate - Business - Functional Strategic Management Process - Analysis - Formulation - Implementation Essentials of Strategic Analysis Core Competence- a special strength that gives an organization competitive advantage Porter’s Model of Five Strategic Forces Affecting Competition: - Industry competition: the intensity of rivalry among firms and
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