4. Execute and measure the results

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As you begin to develop competitive advantages, you must exert efforts to direct sufficient resources and capabilities to achieve innovation.

In addition, you should closely monitor progress and determine whether it is producing the expected results or whether, on the contrary, it would be a good idea to adjust the strategy.

Convinced? Well, if so, we'll show you how to find those elements in your organization.

How to define Core Business?
It is often not easy to define Core Business and, macedonia mobile database in other cases, it is common to think that this concept is something that does not really represent that differentiating element, as we explained above.

To prevent this from happening to you, we will now show you how to define it correctly. Don't stray away!

1. Define the mission and vision
Nowadays, it is almost impossible to maintain a long-term plan with the ever-changing markets we have. But it is necessary to have a concrete notion of the mission and vision that you want to achieve as a company and that this guides your decisions.

2. Find the core competence
There is something that your company does better than anyone else, and that is what you should focus on. To achieve a position of privilege and authority, it is crucial to generate competitive advantages that are difficult to imitate and, of course, that evolve. This is called core competency.