The speed and complexity of changes faced by enterprises increase geometrically, and the predictable time interval of enterprises is shortened, making it more difficult for managers to grasp the development trend of enterprises.
Extended data:
When a company successfully formulates and implements a value creation strategy, it can gain strategic competitiveness.
Strategy is a series of comprehensive and coordinated agreements and actions aimed at developing core competitiveness and gaining competitive advantage. If you choose a strategy, the company has made a choice in different ways of competition. In this sense, the strategic choice shows what the company intends to do and what not to do.
When a company implements a strategy that competitors can't copy or the cost is too high to imitate, it gains a competitive advantage.
Only when competitors' efforts to imitate its strategy stop or fail can an organization be sure that its strategy has produced one or more useful competitive advantages. In addition, companies must understand that no competitive advantage is eternal. The speed at which competitors acquire the skills to copy the company's value creation strategy determines how long the company's competitive advantage can last.