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The Basic Principles of Competitive Strategy: External and Internal Diagnosis

The Basic Principles of Competitive Strategy: External and Internal Diagnosis
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Copyright: 2015
Pages: 27
Source title: Developing Strategic Business Models and Competitive Advantage in the Digital Sector
Source Author(s)/Editor(s): Nabyla Daidj (Telecom Business School, France)
DOI: 10.4018/978-1-4666-6513-2.ch002

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Abstract

Firms operate in a more and more complex, dynamic, less predictable environment. This situation requires following different approaches of strategic positioning and strategic planning and developing new patterns of strategic thinking. There are several strategic models and tools. Most of them have advantages and disadvantages. In spite of these limitations, these models must be examined. The purpose of this chapter is to conduct a strategic analysis (external and internal diagnoses). It familiarizes the reader with the forces that shape competition in a company's external environment and then analyzes internal strategic capabilities for identifying strategic sustainable competitive advantage.

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