Download and customize this and hundreds of business presentation templates for free
Strategic planning plays a crucial role in identifying competitive factors in an industry. It helps in understanding the key factors that the industry has been competing on for a long time. This understanding allows businesses to eliminate or reduce efforts in these areas, thereby saving resources. Furthermore, strategic planning aids in identifying underserved areas where a business can differentiate itself. By allocating more resources to raise or create more value in these factors, a business can gain a competitive edge.
Asked on the following presentation:
What’s the best way to turn business challenges into strategic opportunities? With a structured case study, consultants and project teams can follow e...
Voila! You can now download this presentation
DownloadQuestion was asked on:
It's important to understand which of these factors has the industry been competing on for a long time. Because those are the efforts you'd want to "eliminate" or "reduce". On the other hand, differentiate yourself in underserved areas. Allocate more resources to "raise" or "create" more values in these factors.
Questions and answers