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Discussion Questions - Concepts in Strategic Management & BusinessPolicy
1. Explain how our understanding of the three generic strategic approaches available to companies can be used to direct the efforts of all employees at those companies.
2. How can a company have a sustainable competitive advantage when its industry becomes hypercompetitive?
3. Why are strategic alliances temporary?
Key Terms
Business strategyCollusionCompetitive scopeCompetitive strategyCooperative strategyCost leadershipDifferentiationDifferentiation focusDifferentiation strategyLower cost strategyPropitious nicheSFAS (Strategic Factors Analysis Summary) MatrixSWOTValue-chain partnership
NOTE: It is going to be 3 page.
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