Discussion Questions - Concepts in Strategic Management & BusinessPolicy
1. Explain how our understanding of the three generic strategic approaches available to companies can be used to direct the efforts of all employees at those companies.
2. How can a company have a sustainable competitive advantage when its industry becomes hypercompetitive?
3. Why are strategic alliances temporary?
Key Terms
Business strategy
Collusion
Competitive scope
Competitive strategy
Cooperative strategy
Cost leadership
Differentiation
Differentiation focus
Differentiation strategy
Lower cost strategy
Propitious niche
SFAS (Strategic Factors Analysis Summary) Matrix
SWOT
Value-chain partnership
NOTE: It is going to be 3 page.