Sustainable Competitive Advantage Shell October 19 1 Strategic Management is key element for organization survival Relevant strategies to suit today’s time and the future The basic purpose for strategic management is to create competitive advantage It has to do with the way we think Competitive Advantage is what keeps the organization alive and growing Customers have the option to choose not only from local production, but from the worldwide production Innovation is a source of gaining competitive advantage by SMEs Deliberate alignment of resources and capabilities to strike competitive advantage Have multiple business models and constantly innovate them Shell October 19 2 Quality of the labour Sentiment Flexibility Knowhow Personal Approach Goodwill Customer’s satisfaction Stabilization on the market Innovation Expenditure Revenue rise Customer responsiveness Superior efficiency Shell Customer’s feedback October 19 3 Business Models Who is the customer? What do they want? What value the firm has created for the customers? What value it has created for itself when it serves a customer? How it differentiates itself from the competitors? Shell October 19 4