Elements of Good Strategy

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Can you name the Elements of Good Strategy?

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Description & FactorsElements
Means by which a firm will earn a profit by implementing a strategy
How will the firm succeed and separate itself from competitors? (e.g. price, customization, image, etc.)
Area (product, service, distribution channels, geographic markets, technology, etc.) in which a firm participates
Is the timing and pace of strategic moves
How will we get there (e.g. internal developments, acquisitions, joint ventures, etc.)

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