Homework: Competitive Advantage, Strategic-Management, and Groupthink
Do some research and answer the following critical thinking questions from the readings. In your analysis, cite a minimum of three references from different sources (the textbook can be one source).
I. Apply the VRIO framework to assess whether your current employer or a previous one has a sustainable source of competitive advantage.
II. Describe the five steps of the strategic-management process. Which step of the strategic-management process do you believe is the most important? Defend your position.
III. Discuss why groupthink is dangerous and from your experiences, identify some best practices you witnessed or used to help employees or colleagues avoid falling victim to groupthink. In the workplace, how does groupthink affect how decisions are made and the outcomes from those decisions in the organization?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.