Q1S - Strengths and weaknesses are internal factors to the...

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Strengths and weaknesses are internal factors to the organization. Your direct competitors offer the same products and services, and customers often compare prices, features, and deals from these competitors as they shop. The aggregation of factors that sets a company apart from its competitors give it a unique position in the market superior to its competition is its competitive advantage. A strategy is a road map of the tactics and actions an entrepreneur draws up to fulfill the company’s mission, goals, and objectives. Hiring a diverse workforce: 1. Helps in enhancing organizational creativity. 2. Allows for different ideas and varying methods of problem solving. 3. Brings in people from different backgrounds, with different cultural experiences, hobbies, and interests A danger of cost-leadership is that a company may misunderstand what processes actually drive its true costs. Research shows that not everyone can be creative. This is statement is not true. Although creativity sometimes involves generating something from nothing, it more
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This note was uploaded on 02/16/2012 for the course MANAGEMENT 260 taught by Professor Michelemasterfano during the Spring '11 term at Drexel.

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Q1S - Strengths and weaknesses are internal factors to the...

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