Business Management Paper
Strategy and Competitive Advantage
Ideally, I would like to see demonstration of eclectic interests and the ability to place our common work within a broad context of life. We do not practice business in a vacuum; likewise, we should not learn about strategy in a vacuum. I value quality much more than quantity in our discussions and in written work. By "quality" I mean a combination of imagination, logic, and connection to other readings, topics, work problems, current events, and so on.
Business school is a rare time in your life when you have the chance to study, freely consider, and discuss great ideas. A chance to do something creative that you can be proud of. In our case, we can apply are high-concept ideas related to business guidance in an uncertain world. It isn't often that we can have this kind of yeasty and fertile discussion with like-motivated persons of the highest caliber - persons from whom we can learn.
Time for you to consider one of the great business contests of the past century: Apple vs. Amazon. Using what we have learned in the course thus far about strategy, competition, competitive advantage, industry forces, and the ways companies compete (cost vs. differentiation), you address the contest in a single essay about some aspect of strategic direction. Select a tool or point of view to apply to the case; here are some suggested questions (answering one should be sufficient):
Are these two companies competitors? Are they in the same industry? How do they stack up against our text's frameworks of achieving Competitive Advantage - either Michael Porter's Industrial Organization framework or the Resource-based framework? You can use one framework to compare and contrast the two companies.
As a refresher, Porter's "Industrial Organization framework" is simply using his "Five Forces Model to identify competitive advantage of the firm(s) involved; in other words, you look external to the firm to the source of competitive advantage. On the other hand, the "Resource-based framework" looks internally - it uses the VRIO model of Valuable, Rare, Inimitable, and Organizationally usable resources to identify competitive advantage that arises from characteristics internal to the firm. Pretty intuitive stuff!
Structure: Please break your paper up with boldface section headings so that I can follow your organization and reasoning. This paper is between 3 to 4 pages (900 to 1000 words), double-spaced, 12-point Times Roman font with 1-inch margins all around. Right-ragged justification. You turn this paper in to me electronically as an MS Word attachment on Blackboard email. No padding or fluff, please. Make every word count and tell me what you think about the matter at hand.