Assignment: Strategy and Value Creation in Traditional Industries
Discussion Assignments:
This discussion activity focuses on different market structures and the variables that affect an industry. This discussion will be graded with your discussion activity.
Discussion Activity 1- Personal Application
1. Industry competitive analysis
An analysis of your company's industry from the point of view of Porter's Five Forces (if your industry operates in perfect or monopolistic competition), Game Theory (if your industry operates in oligopolistic competition) or the Resource Based View of the Firm (if your industry operates as a full monopoly), and any other strategy frameworks that provide insight to your understanding of the industry.
2. The Newsroom and Current Events
This is the place to post links to current items from newspapers, magazines, journals or blogs. Explain how this news item or journal article is applicable to one or more topics from this week's learning. Type in a descriptive topic heading and post your comments.
Readings
• Grant, R. M. (1991). The resource based theory of competitive advantage: Implications for strategy formulation, California Management Review, 33(3). 114-135. (UMUC Library)
• Schmitz, A. (Trans.). 2012. Resource-based theory.
• Thousand Insights. Porter's generic strategies
• Roy, A. (2003). Game theory in strategic analysis. Journal of Management Research (09725814), 3(3), 127-138. (UMUC Library)
Multimedia
• Anand, B.N. (Speaker). (2006). Harvard FSS: Crafting business strategy and environmental scanning [Video podcast]. (UMUC Library)
• Johnson, J. [eCornell]. (2014, May 8). Game theory and business strategy [Video file].
• Johnson, J. [eCornell]. (2014, May 8). Game theory: How apple changed the phone market [Video file].