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Sustainable Competitive Advantage Essay Paper
1. Briefly define each of the following terms. (15) a. Sustainable competitive advantage b. Deliberate strategy c. Emergent strategy d. Realized strategy e. Abandoned strategy
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a. Sustainable Competitive Advantage
A set of features and capabilities that permit an organization for meeting the requirements of customers in a more efficient way in comparison with other organizations. It difficult to intimate these sustainable There are many organizations having competitive advantages.
There are various organizations which implement sustainable sustainable competitive advantage. For instance; Walmart has a very strict sustainable competitive advantage. It has quite particular organizational strategies which work as sustainable competitive advantage for its activities Sustainable Competitive Advantage Essay Paper.
Step 2/5
b. Deliberate Strategy
This kind of strategy is a result of thoughtful, conscious, and structured efforts while making business plans. The business data is used for this purpose for making the deliberate strategies.
The budget and financial information of a company can be put aside while forming the deliberate strategies. These strategies are mainly formed based on the conscious, structured, organized, deliberate efforst of a company.
Step 3/5
c. Emergent Strategy
These strategies are a result of only the unplanned and unorganized actions of an organization. It provides sufficient flexible opportunities to an organization for development.
The implementation of emergent strategies helps an organization in making educational and effective decisions on a continuous basis. An organization finds out about the most effective means of strategies for its development.
Step 4/5
d. Realized Strategy
The intended strategies of an organization result in producing the realized strategy. The end result of an action decides the criterion for considering it as a realized strategy.
The final implementation of a strategy results in forming the realized strategy. What an organization intends to implement is highly different from what is actually implemented. Hence, the actually implemented strategy is known as a realized strategy Sustainable Competitive Advantage Essay Paper
Step 5/5
An activity of letting go of the ineffective stuff for an organization is categorized as a part of the abandoned strategy. The completion of a particular strategy and reaching to its end despite having any hardships is known as abandoned strategy.
Under the process of forming the abandoned strategy, all the actions, initiatives, and structures of an organization are monitored in a detailed way. It is decided whether the actions are making any fruitful impact on the organization or they are required to be stopped.
Final answer
Hence, based on the provided discussion, the definition of the stated terms can be properly understood Sustainable Competitive Advantage Essay Paper
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