It involves analyzing competitors, identifying their strengths and weaknesses, and devising strategies to capitalize on opportunities and reduce threats. Competitive Strategy: Competitive strategy is a plan of action that companies use to gain an edge over their competitors.It involves analyzing the current environment, identifying strategic goals and objectives, and determining the best way to meet them. Corporate Strategy: Corporate strategy is a plan of action that defines how a company will reach its goals and objectives.It involves analyzing the current market and competitors, creating a strategic vision, and setting objectives and goals.
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