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Describe strategy and strategic management process

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Reference no: EM133034762

Part A: Strategic Management

Describe strategy and the strategic management process.

Part A refers to the material in Lesson 1 of this course. Using logical, clear writing, do the following:

  1. Define competitive advantage and describe the two approaches used to estimate a firm's competitive advantages.
  2. Explain why it is important to understand a firm's strategy.

Part B: External Analysis

Part B refers to the material in Lesson 2 of this course. Using logical, clear writing, do the following:

  1. Describe an external analysis.
  2. Analyze the two levels of the environment.
  3. Identify and define the three elements of the S-C-P model.

Reference no: EM133034762

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