5. The AFI Strategy Framework is a model that links three interdependent strategic management stages: analyze, formulate, and implement, and it is used to help managers plan and implement a strategy that can improve performance and result in competitive a
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Formulate
business strategy(differentiation, cost leadership, integration, innovation, and entrepreneurship), corporate strategy(vertical integration, diversification, mergers/acquistions, and strategic alliances), and global strategy(competing around the world)
Implement
organizational design(structure, culture, and control), corporate governance, business ethics, and strategic leadership
Analyze
the strategic management process, external analysis(industry structure, competitive forces, and strategic groups), internal analysis(resources, capabilities, and core competencies), and firm performance(competitive advantage and business models)
