Topics 8 DQ 1
Sep 12-14, 2024
Reflect on your experience in this course. What do you consider as, potentially, the most important elements when working to improve an organization’s competitive advantage and create value for all stakeholders?
Submitted on:
Sep 12, 2024, 4:18 PM
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JF
Jacqueline Fuentes
Sep 14, 2024, 11:20 PM
Reflecting on my experience in this course and strategic management, I think it is important to understand how organizations become competitive in nature due to value for stakeholders and sub, core elements, such as the mission and adaptability. understanding the mission value of an organizational vision is crucial as it provides a foundation for decision-making. Overall, it insures an initiative to align with the long-term goals and purpose of the organization. Understanding the strengths and weaknesses of the business allows for improvement through strategic positioning. Through this approach a company can adapt to changes and trends that are common. Through this improvement in different areas it allows for a competitive advantage.