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?