a _______ strategy seeks to achieve competitive advantages by allowing the business unit to make more profit than its competitors.
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In recent decades, states modeled some of their assets and enterprises after business enterprises. In 2003, for example, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type management system. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets. Business process management is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. BPM attempts to improve processes continuously. It can, therefore, be described as a "process optimization process". It is argued that enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach.
In recent decades, states modeled some of their assets and enterprises after business enterprises. In 2003, for example, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type management system. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets. Business process management is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. BPM attempts to improve processes continuously. It can, therefore, be described as a "process optimization process". It is argued that enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach.
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A competitive strategy seeks to achieve competitive advantages by allowing the business unit to make more profit than its competitors.
It is an effective strategy and is used to increase the profits of the firm.
The correct answer to filled in the blank in the question asked by you is competitive.
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