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If the random walk theory is correct, then is there any way to "beat the market"?
Substitutable Resources
Resources in a firm that can be replaced by other resources to perform the same function, affecting competitive advantage and strategic planning.
Value Chain
A series of activities performed by a company to deliver a valuable product or service to the market.
Strategic Importance
Significance associated with a decision or action that affects the long-term objectives and competitive positioning of an organization.
Strategic Management
The ongoing planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its goals and objectives.
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