2. What are the components that comprise a sustainable competitive advantage for a firm? How might these components vary for different industries?© BrainMass Inc. brainmass.com September 22, 2018, 4:48 pm ad1c9bdddf - https://brainmass.com/business/competitive-advantage/importance-strategic-business-plan-success-405745
A strategic business plan is a plan that describes the action plan or business plan of the organization to achieve desired goals and objectives via strategic steps or actions formulated by the company. In other words, a strategic business plan outlines the strategic steps that an organization would take to outshine competitors and achieve desired goals via set of actions.
For a longer term success of the company, this plan is extremely important because it identifies those key strategic actions or steps that a company must take in order to ...
What is a strategic business plan? Why is this plan important to an organization's long-term success? What role does innovation play in developing a strategic business plan?