Read California State University - Northridge's Rex C. Mitchell's "Formulating Strategy" and Reference for Business's "Strategy Levels."
"Formulating Strategy" is available as a Word document. You will need to search the page for the link to the Word file.
Discussion form;
Review the material from California State University - Northridge's Rex C. Mitchell's "Formulating Strategy" and Reference for Business's "Strategy Levels." Then, go to the discussion forum for Unit 6 and engage in a dialogue with your classmates by answering the following questions:
1. What are the most commonly used corporate strategies? Provide an example of one of these strategies.
2. Analyze which strategies are best for creating long term value in the modern firm. Would your answer change if the organization was in an environment with a different pace of technological change?
3. How does a firm measure "long term value?" Consider factors beyond financial measures as well.
You are expected to make at least three posts to the discussion forum during the course of the discussion period.