Question: Please help to explain in detail for below 2 statements from an accounting point of view. Strategy Analysis identifies how an organization creates its competitive

Please help to explain in detail for below 2 statements from an accounting point of view.

  1. Strategy Analysis identifies how an organization creates its competitive advantage and whether or not that translates into sustainability and successful performance in the future.
  2. Prospective analysis combines strategy, accounting analysis, and financial analysis in order to make predictions about the future.

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