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Strategy by Mind Map: Strategy

1. Strategy: a set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors.

2. Stakeholders

2.1. Internal Stakeholders

2.1.1. Employees

2.1.2. Stockholders

2.1.3. Board Members

2.2. Benefits

2.3. External Stakeholders

2.3.1. Customers

2.3.2. Suppliers

2.3.3. Alliance Partners

2.3.4. Creditors

2.3.5. Unions

2.3.6. Communitites

2.3.7. Governments

2.3.8. Media

2.4. Contributions

2.5. Stakeholder Strategy

2.6. Stakeholders: organizations, groups, and individuals that can affect or be affected by a firm's actions.

2.7. Stakeholder Impact Analysis

2.7.1. Attributes Power Legitimacy Urgency

2.7.2. Identify Stakeholers

2.7.3. Identify Stakeholders' Interest

2.7.4. Identify Opportunities and Threats

2.7.5. Identify Social Responsibilities Corporate Social Responsibility (CSR) Economic Legal Ethical Philanthropic

2.7.6. Address Stakeholder Concerns

3. Good Strategy

3.1. Diagnosis/Analysis

3.2. Guiding Policy/Formulation

3.3. Set of Coherent Actions/Implementation

4. Competitive Advantage

4.1. Competitive Advantage: Superior performance relative to other competitors in the same industry or the industry average.

4.2. Competitive Disadvantage

4.3. Sustainable Competitive Advantage

4.4. Competitive Parity

5. Value Creation

5.1. Value Creation: occurs because companies with a good strategy are able to provide products or services to consumers at a price point that they can afford while keeping their costs in check, thus making a profit at the same time.

6. AFI Framework

6.1. Strategic Management

6.1.1. Analysis Strategic Leadership and the Strategy Process External Analysis Internal Analysis Competitive Advantage, Firm Performance and Business Models

6.1.2. Formulation Business Strategy Corporate Strategy Global Strategy

6.1.3. Implementation Organizational Design Corporate Governance and Business Ethics

6.2. AFI Strategy Framework: A model that links three interdependent strategic management tasks--analyze, formulate, and implement--that together, help managers plan and implement a strategy that can improve performance and result in competitive advantage.

6.3. Strategic Leaders

6.3.1. Art & Science of Success and Failure

6.3.2. Competition is Everywhere

6.3.3. Stakeholder Strategy Approach