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Management in Action, IKEA focuses on Growth
1. Based on Michael Porter’s discussion of the characteristics of an effective strategy, does IKEA have a good strategy for growth? Explain.
2. To what extent is IKEA following the five steps of the strategic-management process?
4. Which of Michael Porter’s four competitive strategies is IKEA trying to follow? Discuss.
A description of the research methods used to assess the feasibility of this opportunity (e.g., surveys or statistics), including a succinct strengths.
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Please distinguish between Strategic and Tactical Management and refer to the areas of application for each of them.
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