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Differentiate Between Strategic Change and Process Change

question 74

Essay

Differentiate between strategic change and process change.


Definitions:

Sustainable Competitive Advantage

The enduring ability of a company to remain more efficient, profitable, or innovative than its competitors.

Competitive Advantage

A distinctive feature or standpoint enabling a company to surpass its rivals in performance.

Market Environmental Forces

The external factors, such as economic, social, technological, legal, and competitive forces, that affect a company's ability to operate successfully in a particular market.

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