Question 1: Applying your understanding of strategic management, explain how business-level and corporate-level strategies are best used to gain a competitive advantage and earn above-average returns.
Question 2: What are the advantages and disadvantages of competitive rivalry? How can a company use competitive rivalry to its advantage? Provide clear examples.
Question 3: Explain the differences between mergers, acquisitions, and takeovers. How do you determine which one to use when attempting to gain a competitive advantage over others in your field?
Question 4: Discuss why companies use acquisitions to achieve strategic competitiveness, and describe some obstacles that prevent successful acquisitions.