This assignment covers chapter one, Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage, and two, External analysis: The Identification of Opportunities and Threats.
Chapter 1 Questions:
- What is competitive advantage, and how does it relate to a company’s business model?
- Describe the strategic planning model, and who is involved in the strategy-making process
- Describe the SWOT analysis, its components, and how it aids a company in making strategic decisions. Provide examples of each component in the SWOT analysis.
- What are the various levels of management, and how do they participate in the process of strategic decision making?
Chapter 2 Questions:
- Define “Industryâ€, “Business†and “Sectorâ€. How are these related?
- How can Porter’s five-forces model aid in strategic decision making?
- Describe how “Risk of Entryâ€, “Bargaining Power of Buyersâ€, “Bargaining Power of Suppliersâ€, and industry competition (“Threat of Substitutesâ€) affect the external threats a company faces. Provide examples of each.
- Describe the industry life cycle, what strategic groups are, and what mobility barriers are.
Instructions for the Assignment
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