Assignment
1-Define Strategy & discuss how this definition frames this strategic management course ?
2.Define strategic competitiveness and above-average returns. Describe the connection between strategic competitiveness and returns on investment?
3.What is hypercompetition? Describe its importance to the current business environment and identify its primary drivers. How do organizations successfully compete in a hypercompetitive environment?
4.Discuss the I/O model described by your book, particularly its primary assumptions and key to success. What are the limitations of this model?
5.Describe and discuss the Resource Based View of the Firm (RBV). How does this model lead to competitive advantage?
6.What are a firm's vision and mission? Using Strategic Management Insights, compare and contrast vision and mission statements. What is the value to the firm of having a specified vision and mission?
7.What are stakeholders? Discuss their differing interests. Can a firm satisfy all stakeholders? Why? Why not? Which ones must it satisfy to survive?
8. Describe the strategic management process?
9. What is, and what are the consequences of globalization?
10. Explain why organizations need to know what's happening in the external environment. What are its three major parts? Why do firms collect information about these parts?
11. Describe and discuss the four activities of the external environmental analysis process ?
12. The book discusses seven segments of the general environment, I use PESTLE - describe either method for breaking down the general environment ?
13. Identify and explain briefly the five forces and how they affect industry profit potential ?
14.Discuss the factors that increase competitive rivalry ?
15. Define exit barriers. How do they affect industry competition ?
16. What is a strategic group and how does it affect an organization?
17. What do firms need to know about their competitors? What legal and ethical intelligence-gathering techniques can be used to obtain this information?
18. Define barriers to entry and describe their effect on an industry?
19. Why is internal analysis important? Should all firms do it? (Why / Why not?)
20. Define tangible and intangible resources. Which are the most valuable to the firm?
21. Describe how one would use VRIO (or VRINE, or the book's model) to decide firm capability would lead to sustainable competitive advantage. Is any sustainable competitive advantage ‘forever'? Why / Why not?
22. Define and discuss value chain analysis. How does it help in gaining competitive advantage?
23. Define and discuss core competencies and core rigidities. Why are core rigidities bad?
24. Define and discuss ‘value'. Why is it important?
25. What is outsourcing? Why and when should businesses outsource?
26.Is it important to identify internal strengths and weaknesses? Why / Why not?
27. Describe an organization with which you are familiar. Does it have a sustainable competitive advantage?