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Chapter 1 - Strategy, business models, and competitive advantage. The main goals of this chapter are to: Understand why every company needs a distinctive strategy to compete successfully, manage its business operations, and strengthen its prospects for long-term success; learn why it is important for a company to have a viable business model that outlines the company's customer value proposition and its profit formula; develop an awareness of the five most dependable strategic approaches for setting a company apart from rivals and winning a sustainable competitive advantage.
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Lecture Essentials of strategic management: The quest for competitive advantage (4e) - Chapter 1
