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A company's business model...?
Is managements's blueprint for delivering a valuable product or service to customers in a manner that will generate ample revenues to cover costs and yield an attractive profit.
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The difference between a company's business model and a company's strategy is that?
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In endeavoring to craft an ethical strategy, company managers?
Strategy must entail actions that can pass moral scrutiny in the sense of not being shady, unconscionable, or injurious to others.
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The heart and soul of a company's strategy-making effort?
Is the actions and moves in the marketplace that managers are taking to improve the company's financial performance, strengthen its market position, and gain a competitive edge over rivals.
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A company's strategy concerns?
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In crafting a company's strategy?
A managerial commitment to pursue a particular set of actions in growing the business, attracting and pleasing customers, competing successfully, operating various parts of the business, and improving the company's financial and market performance.
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The two crucial elements of a company's business model are?
Its customer value propostion ( what customers think is a good price) and its profit propostion or "formula" for generating profits in the course of pursuing its customer value proposition.
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Excellent execution of an excellent strategy?
Is the best test of managerial excellence..
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A company's strategy evolves from one version to the next because of?
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A winning strategy is one that?
Winning strategy must fit the enterprise's external and internal situation, build sustainable competitve advantage, and improve company performance.
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A company's strategy can be considered "ethical"?
If it can pass the test of moral scrutiny.
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What makes a competitive advantage sustainable or durable as opposed to temporary is?
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