Discussion question
Research an industry with significant impact on your local economy (e.g., autos in Michigan or oil in Louisiana).
Use the internet or Strayer Library to research a business failure. Then answer the following questions Determine which of the two primary drivers of the competitive landscape is more influential. Explain your rationale. Explain which model (I/O model or resource-based model) you believe will best help a firm in the industry you researched earn above average returns.
Above questions answered with the first research
Determine the level of responsibility management had for business failure you researched. Provide specific examples to support your response.
Create a list of three best practices that not only would have helped the company you researched from failure, but would also apply to the rest of the industry your company was part of.
Explain your rational for selecting these best practices. Answer the above two questions with the second research.