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Strategic Management and Competitiveness In this assignment, you will decide on strategic management plans, a company's strategic competitiveness, and the best model for above-average returns. In current market conditions, companies need to gain and then maintain a competitive edge over their competitors. They do this by employing a compelling and dynamic strategic management process to create a strategy that helps them achieve their goals before one of their competitors does. Discuss the following questions in relation to strategic management:
Discuss the following questions in relation to strategic competitiveness:
•Why will a traditional mindset not lead a company to strategic competitiveness and what values must managers adopt to overcome these challenges? Such companies also measure performance in terms of the degree and the speed of growth. Discuss the following questions in relation to above-average returns:
Applying your understanding of strategic management, answer the following questions: •How can business-level and corporate-level strategies be best used to gain a competitive advantage and earn above-average returns? Explain.
•Under what conditions would you choose a single or dominant business corporate-level strategy versus a more diversified strategy and why? Discuss.
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