Examlex
According to Porter, what are the two ways that a firm can gain a significant advantage over rival competitors?
Performance Strategy
A plan of action designed to achieve specific outcomes or improvements in performance within an organization.
Irrelevant Skills
Abilities or competencies that do not apply or provide benefit to a particular task, role, or job requirement.
Talented People
Individuals possessing special skills, abilities, or aptitudes that distinguish them in specific areas or disciplines.
Self-managed
A rephrasing of Self-Managed Teams; it refers to individuals or teams that take responsibility for managing their work and decision-making processes autonomously.
Q1: The four actions framework includes all of
Q57: An innovation that dramatically advances an industry's
Q74: In the context of a firm's industry
Q99: Land is an example of a resource
Q106: The industry life cycle influences the strategies
Q117: To create economies of scope and revenue-enhancement
Q133: What tactics result in economies of scope?
Q154: What are some possible threats to focus
Q168: McDonalds' intangible real estate gives it a
Q177: Three economic factors have a strong bearing