Question

"Strategic Competitiveness"

Answer 1

Answer:-

Strategic competitiveness is the term used to describe a company that creates a winning formula for a value-creating strategy.

A strategy is a set of plans and actions repeatedly used to achieve competitive advantage. The strategy typically spells out the dos and don'ts of a company.

If a company has a competitive advantage it is executing strategies that are the best value to its customers. The strategies are either unachievable for competitors or too expensive to duplicate and be successful in the same manner.

When a company is doing well and has profitable returns above expectation it is termed “above average" returns. The process and actions by which a company achieves strategic competitiveness and above-average returns is the strategic management process.