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Explain the Sustainability of Strategic Change concepts in detail and how they benefit the company?
Valuable- when a firm mitigates threats and capitalizes on its opportunities. Rare- characteristics and abilities that are unique and held by no other companies. Costly-to-Imitate – the characteristics are so unique and valuable that competitors cannot afford to duplicate. No substitutable – no strategic equivalent possible.
Each of these criteria must be met to maintain sustainability and these core competencies must be valuable and unique from a customer’s point of view, why is this use a practical real-world example?
Expert Answer
Explain the Sustainability of Strategic Change concepts in detail and how they benefit the company?
Answer:
In the present progressively aggressive landscape, an ever increasing number of organisations are understanding that being feasible is more than an ecological signal it makes long haul financial sense. Traditionally, organisations adopted sustainability strategies keeping in mind the end goal to conform to government controls and stay away from fines. Presently driving edge partnerships are grasping the idea of manageability with a specific end goal to be a piece of the discussion on ecological policy. Fostering positive purchaser relations through practical activities produces mark esteem and enhances an organisation’s image.
