Reply to the following questions/comments using 130-150 words. Must be in your own words no special format needed just comments/ questions and answers.Please include original questions with answers
1. What are sources of cost advantage and how does it affect a company's strategy?
2. List a type of cost advantage, define it and explain why it helps a certain company strategy.
3. Identify ways a company can improve its performance in order to effectively face the completion
4. As the CEO of a small service providing business, what is the first thing you would look for to improve overall performance? Why?
5. What are the key components of successful corporate governance and why is each component important?
6. Why is an understanding of ethics important to the overall strategy process? How does an understanding of ethics affect the strategy process as it pertains to an organization's stakeholders? (Make sure you know the difference between stakeholder and shareholder.)