Discussion Post: Business & Admin
• Share something unique about your background. Explain how you expect "Business and admin" will help you move forward in your current or future career.
• Identify an organization that could benefit from the application of the" I/O Model of Above-Average Returns" (DO NOT USE APPLE OR WALMART).
VOCABULARY WORDS
• Hypercompetition is a term often used to illustrate the competitive landscape. The conditions of hypercompetition assume that market stability is replaced by notions of inherent instability and change.
• Global economy refers to the goods, services, people, skills, and ideas that move freely across geographic borders.
• Globalization refers to a growing interdependence among countries and their organizations, as shown by the flow of goods and services, financial capital, and knowledge across the countries' borders.
• A word often used along with technology diffusion is perpetual innovation. This term refers to the rapidly and consistently new technologies that replace older ones.
• Strategic flexibility allows firms to get better in areas in which they may be lacking Using strategic flexibility allows for a set of capabilities to respond to various demands and opportunities that exist in today's dynamic and uncertain competitive environments.
• Above-average returns are returns in excess of what an investor expects to earn from other investments with a similar amount of risk.
• Average returns are returns equal to those an investor expects to earn from other investments with a similar amount of risk.
• Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.