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The difference between a company's strategy and a company's business model is that - correct answer Its strategy is defined by the specific market positioning, competitive moves, and business approaches management employs to try to produce good business results while its business model relates to management's blueprint for delivering a valuable product or service to customers in a manner that will generate revenues sufficient to cover costs and yield an attractive profit. A winning strat...

strategic management - correct answer integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage strategy - correct answer the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors good strategy - correct answer enable a firm to achieve superior performance relative to its competitors. Consisted of 1) a diagnosis of the competitive challenge. 2) a guiding policy t...

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