21. The concept Core competence was developed by
22. In __________ strategy firms try to achieve a high levels of local responsiveness by making their product or service offering to the requirement of the countries they operate
23. According to Ringbakk (1971) and Steiner (1972) which of the following should be avoided when creating a formal plan?
24. In __________ strategy assumptions are made that consumers needs are similar worldwide
25. What does SPACE stand for?
26. What is the planning gap?
27. ______________ strategy involves adopting a combined approach of low costs and high local respnsiveness simultaneously by the firms for their products and services
28. ___________ is also known as corporate appraisal, appraisal of internal factors and audit of organizational competence
29. The understanding of what key element is essential for successful strategic planning?
30. _________________ is the process through which an organization evaluates its capability so as to have competitive advantage at market place
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