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Criteria for Strategic Success:-
Product / Service to fit with the needs of the customer
Ensure company changes with the market and the environment
Optimisation of outputs verse inputs : Maximise use of resource.
Time is a competitive weapon -
Core competence's, commitment,
To remain ahead of the competition and in the upper quartile of their business sector, the company must seek to maintain a sustainable competitive advantage.
Whether this be on cost, service or quality of product, the business must continue to meet the customer needs and deliver a high value output.
Typical questions for a business include:-
Developing a comprehensive understanding of the industry, the competitors, the structure and competitive forces are fundamental in developing a focused, coherent and sustainable strategic plan.