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Part One - Cengage Learning

1. part One Chapter 1. Strategic Management and Strategic Competitiveness Chapter 2. The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis Chapter 3. The Internal Environment: Resources, Capabilities, and Core Competencies PO/PT. Strategic Management Inputs Strategic Management and Strategic Competitiveness 1. Chapter One Knowledge Objectives Studying this chapter should provide you with the strategic management knowledge needed to: 1. Define strategic competitiveness, competitive advantage, and above-average returns. 2. Describe the 21st-century competitive landscape and explain how globalization and technological changes shape it.

Research and development is critical to the success of innovative companies such as Samsung, Sony, and Verizon. Continuous development of new products—

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