Identify Four Components of a Firm's Organization That Are Relevant

question 43

Essay

Identify four components of a firm's organization that are relevant to the question of organization and discuss what role they play in building a competitive advantage.

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Definitions:

Monitor

The act of closely observing or tracking activities, changes, or performances, often using tools or software, for purposes like security, quality control, or data collection.

Owned Media

Media channels that a brand has full control over, such as their websites, blogs, or social media profiles, where they can publish and distribute content directly.

Earned Media

Publicity gained through promotional efforts other than paid advertising, often as a result of word-of-mouth or viral communication.

Paid Media

A form of marketing that involves paying for space to promote a product, service, or brand, such as ads on social media, search engines, or websites.