My first Magazine PSY 355 STUDY Exciting Results - psy355study.com STR 581 HELP Exciting Results - str581help.com | Page 16

14. This is an internal analysis technique wherein strategists examine customers’ needs,
company offerings, and competitors’ offerings to more clearly articulate what their
company’s competitive advantage is and how it differs from those of competitors.
15. The first step of this type of analysis involves a firm determining what their customers
value and why they value it.
16. Once a hypothesis about competitive advantage has been developed by a firm through
three circles analysis, it should be tested by
17. This is a method of comparing the way a company performs a specific activity with a
competitor, potential competitor, or company doing the same thing.
18. Companies committed to this process attempt to isolate and identify where their costs
or outcomes are out of line with what they identify as the best practices of competitors or
other companies or organizations that undertake similar tasks.
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STR 581 new Week 3 Learning Team Peer Evaluation
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Share drafts of the External and Internal Environmental Analysis assignment with all
team members.
Provide feedback to be incorporated into each member's paper.
Write a synopsis of no more than 350 words summarizing the team's discussion.
Click the Assignment Files tab to submit your assignment.
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