Forces and Trends Analysis

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Issue:

Business

 

Written by:

Rebecca W

 

Date added:

March 29, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

22 / 6153

 

Was viewed:

9087 times

 

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Essay content:

Trends and factors will always be an aspect that companies will have to adjust to in order to optimize their success. Strategic adaptability is defined as “a firm’s ability to adjust its business practices and competitive tactics in response to the perceived efficacy of its strategic actions, can be a strong determinant of organizational performance...
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Blank Center for Entrepreneurship, 2007) This encourages companies to scan the remote environment to create strategic plans that provide benchmarks, direction and forecast for the company in the next three to five years. Consequently, “many CEOs are talking about strategic adaptability and agility, partnerships and alliances and how to exploit their strengths and mitigate their weaknesses...
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