Examlex
What are the various classifications used in the Myers-Briggs Type Indicator (MBTI) framework?
Sustainable Competitive Advantage
A long-term strategy that a company possesses, which enables it to remain more competitive than its rivals, leading to greater sales or margins and retaining loyal customers.
Strategic Focus
The act of concentrating a company's efforts and resources on a particular business strategy or goal to achieve competitive advantage.
Core Competency
A defining strength or advantage of a business, critical to its success and difficult for competitors to imitate.
Formal Business Plan
A detailed document prepared by a company outlining its objectives, strategies, financial forecasts, and market analysis to guide its operations and attract potential investors.
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