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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 884 |
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Creating value for the new accounts will be the challenge in gaining the respect and relationship of new hotel contracts. Strategic management will be very important to this approach because of its impact to ACME Parking’ long-term prosperity. “Once a firm has committed itself to a particular strategy, its image and competitive advantages usually are tied to that strategy...
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Firms become known in certain markets, for certain products, with certain technologies. They would jeopardize their previous gains if they shifted from these markets, products, or technologies by adopting a radically different strategy.†(Pearce-Robinson, pg.2)
ACME Parking’ mission, vision, and values are applicable to the new strategy...
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