Examlex
What are the most important characteristics of the best corporate visions? Why is having a vision necessary?
Strategic Management
The formulation, implementation, and evaluation of actions and decisions that will enable an organization to achieve its long-term objectives.
Environmental Scanning
Environmental scanning is the process of systematically gathering, analyzing, and managing external information about factors that could impact an organization's ability to succeed.
Competitive Advantage
An attribute or combination of attributes that allows an organization to outperform its competitors, achieved through cost leadership, differentiation, or focus strategies.
Hypercompetition Environment
A market condition characterized by rapid and continuous changes in competitive rules and strategies, leading to aggressive competition that exceeds traditional levels.
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