MGM101H5 Chapter Notes - Chapter 3: Business Plan, Competitive Advantage, Market Segmentation
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MGM101H5 Full Course Notes
Verified Note
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Document Summary
A system of actions designed to help an organization develop and grow in a manner that creates wealth for the organization for the stakeholders. And create correct way to achieve it for the right customers at right time. Commercial endeavors the market an organization serves and the needs it tries to meet in marketplace. Employee integration model the value-creating skills an employee brings to the marketplace through specialized skills. Organizational efficiency and structure reflection of business activities that circulate in an organization. These result in a understanding a consumers value of a good being targeted. The mission- focused activities aimed at realizing the needs of a market, and the development of a solution of needs through the acquisition and transformation of resources into goods and services that can be profit for a company. Managers try to control these activities through business models. Assets the infrastructure and resource base of an. Labour human resource requirements of a business.
