When Using A(n) _______________ Strategy, a Firm Seeks to Find

question 43

Short Answer

When using a(n) _______________ strategy, a firm seeks to find new ways of producing or distributing its products and services that are so different from the way business has been conducted that they may alter the fundamental structure of the industry.

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Definitions:

Institutional Identity

The unique set of characteristics, values, and culture that defines an organization and distinguishes it from others.

Mission Statement

A concise declaration of an organization's core purpose and focus that informs its strategies, decisions, and operations to guide it towards its goals.

Core Competencies

Fundamental strengths or advantages of a business or organization that give it a competitive edge.

Organisational Resources

Assets, including human, financial, physical, and information resources, that an organization utilizes to achieve its objectives.