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ENGR 590 DISCUSSION WEEK 8 Three Fundamentals: 1. Competitive Advantages: Weakness and strengths of the organization determined from investigating internal and external factors. 2. Scenarios: Scenario...

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ENGR 590 DISCUSSION WEEK 8
Three Fundamentals:
1. Competitive Advantages: Weakness and strengths of the organization determined from investigating internal and external factors.
2. Scenarios: Scenario analysis is made on external factors. By this analysis, negative and positive scenarios are determined.
3. Strategies: Helps the organization to define how to reach the opportunity
ought about by competitive advantages. Characterizes the process that an organization should follow in order to reach the opportunity and guide the organization about how it should be done. 
Apply each fundamental to your business and provide an analysis of each.  Be sure to include references and citations using the most cu
ent version of APA available.
INSTRUCTIONS
1. Read the discussion question (prompt).
2. Provide an initial thread in response to the question.
Your initial thread:
should demonstrate graduate level writing regarding content and style.
must be at least 300–350 words (not including references).
must demonstrate course-related and Bible-related knowledge.
should conform to cu
ent APA guidelines.
must include at least 1 citation.
Answered 2 days After Jul 31, 2022

Solution

Dr Raghunandan G answered on Aug 03 2022
83 Votes
1. Internal investigations can reveal competitive advantages. It's competitive. Above-average profits from a competitive edge. Strategic management analyses a company's internal resources and competencies to gain a competitive edge. A product or service needs physical and nonphysical resources (Hitt, M.A. 2012). Materials, buildings, and machines are physical resources. IP, client relationships, and firm reputation are non-transferable. Integrating and developing resources builds core talents. Capabilities allow a company to use internal resources efficiently to develop competitive goods and services. Strategic abilities include manufacturing novel technology goods, reducing time to market, improving distribution and retail locations, and marketing to consumers. Competencies are a company's competitive edge. Competitors can't identify a company's strengths. Financial, managerial,...
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