competitive or comparative advantage, and the wider strategic management processes upon which the efforts of the enterprise ultimately depend. Leadership is a key strategic competence. Leverage - is defined by Hamel and Prahalad as the process of achieving significantly more outputs than hitherto with the input knowledge, resources and competencies available to the enterprise, in order to achieve the “stretch” objectives that may be associated with strategic intent and strategy implementation. Resource and competence leverage may be achieved by any or all of the processes of concentrating, accumulating, complementing, conserving, and recovering resources. Licensing -a business development strategy based on a licence agreement in which the originator or licensor grants rights to the licensee to manufacture, assemble, market or otherwise use a product, patent, brand name, or business format that remains the property of the licensor. Limiting factor - limiting factors are those influences which directly shape and limit the strategies, strategic choices, and operations of the enterprise. Limiting factors internal to the enterprise will be associated with resource capability and capacity, knowledge, technology, competence, finance, cash flow, and operations management issues. Limiting factors external to the enterprise will be associated with legislative, regulatory, distributional, market or competitive limitations. Local brand - may be specified to meet the specific demand characteristics of a particular local market. Example: “Pernod” (France). Localization - implies the ability to adjust to, or absorb “local” (country or region-specific) cultures, customs, and practices. It also implies the capacity and competence to accurately segment local markets; and to specify and position products, services, or brands on these segments within the prevailing conditions of local competition or regulation. It may also imply the re-specification of global or generic products and brands to meet local requirements. Locally modified global brand - is a global brand which is subject to significant local modification in order to meet local variations in the character of market demand. Example: variations in the recipe, formulation, specification or presentation of a product to suit localized tastes and preferences. Low trust society or community - a society or community in which there may be strong bonds of trust between family members, relatives, clan members, or kin; but in which there are weak bonds of trust between people who are unrelated to each other (non-kin), resulting in a low development of social capital.

DOI link for competitive or comparative advantage, and the wider strategic management processes upon which the efforts of the enterprise ultimately depend. Leadership is a key strategic competence. Leverage - is defined by Hamel and Prahalad as the process of achieving significantly more outputs than hitherto with the input knowledge, resources and competencies available to the enterprise, in order to achieve the “stretch” objectives that may be associated with strategic intent and strategy implementation. Resource and competence leverage may be achieved by any or all of the processes of concentrating, accumulating, complementing, conserving, and recovering resources. Licensing -a business development strategy based on a licence agreement in which the originator or licensor grants rights to the licensee to manufacture, assemble, market or otherwise use a product, patent, brand name, or business format that remains the property of the licensor. Limiting factor - limiting factors are those influences which directly shape and limit the strategies, strategic choices, and operations of the enterprise. Limiting factors internal to the enterprise will be associated with resource capability and capacity, knowledge, technology, competence, finance, cash flow, and operations management issues. Limiting factors external to the enterprise will be associated with legislative, regulatory, distributional, market or competitive limitations. Local brand - may be specified to meet the specific demand characteristics of a particular local market. Example: “Pernod” (France). Localization - implies the ability to adjust to, or absorb “local” (country or region-specific) cultures, customs, and practices. It also implies the capacity and competence to accurately segment local markets; and to specify and position products, services, or brands on these segments within the prevailing conditions of local competition or regulation. It may also imply the re-specification of global or generic products and brands to meet local requirements. Locally modified global brand - is a global brand which is subject to significant local modification in order to meet local variations in the character of market demand. Example: variations in the recipe, formulation, specification or presentation of a product to suit localized tastes and preferences. Low trust society or community - a society or community in which there may be strong bonds of trust between family members, relatives, clan members, or kin; but in which there are weak bonds of trust between people who are unrelated to each other (non-kin), resulting in a low development of social capital.

competitive or comparative advantage, and the wider strategic management processes upon which the efforts of the enterprise ultimately depend. Leadership is a key strategic competence. Leverage - is defined by Hamel and Prahalad as the process of achieving significantly more outputs than hitherto with the input knowledge, resources and competencies available to the enterprise, in order to achieve the “stretch” objectives that may be associated with strategic intent and strategy implementation. Resource and competence leverage may be achieved by any or all of the processes of concentrating, accumulating, complementing, conserving, and recovering resources. Licensing -a business development strategy based on a licence agreement in which the originator or licensor grants rights to the licensee to manufacture, assemble, market or otherwise use a product, patent, brand name, or business format that remains the property of the licensor. Limiting factor - limiting factors are those influences which directly shape and limit the strategies, strategic choices, and operations of the enterprise. Limiting factors internal to the enterprise will be associated with resource capability and capacity, knowledge, technology, competence, finance, cash flow, and operations management issues. Limiting factors external to the enterprise will be associated with legislative, regulatory, distributional, market or competitive limitations. Local brand - may be specified to meet the specific demand characteristics of a particular local market. Example: “Pernod” (France). Localization - implies the ability to adjust to, or absorb “local” (country or region-specific) cultures, customs, and practices. It also implies the capacity and competence to accurately segment local markets; and to specify and position products, services, or brands on these segments within the prevailing conditions of local competition or regulation. It may also imply the re-specification of global or generic products and brands to meet local requirements. Locally modified global brand - is a global brand which is subject to significant local modification in order to meet local variations in the character of market demand. Example: variations in the recipe, formulation, specification or presentation of a product to suit localized tastes and preferences. Low trust society or community - a society or community in which there may be strong bonds of trust between family members, relatives, clan members, or kin; but in which there are weak bonds of trust between people who are unrelated to each other (non-kin), resulting in a low development of social capital. book