Examlex
____________________ are tropical climates with distinct wet and dry seasons, relatively low annual rainfall, and is characterized by large areas of grasslands with herds of grazing animals.
Generic Competitive Strategies
Frameworks proposed by Michael Porter that describe three potential strategies to achieve a sustainable competitive advantage: cost leadership, differentiation, and focus.
Competitive Advantage
A scenario or element that positions a business in a stronger or more favorable spot relative to its competitors.
SWOT Analysis
A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats, to gauge internal and external factors affecting its objectives.
External Analysis
The evaluation of factors outside a business that can impact its performance, such as economic trends, competitive landscape, and regulatory environments.
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