Reference no: EM131313371
Discussion: Research Weekly Concepts for Identifying, Selecting, and Implementing Strategies
For Discussion, please visit the Walden Library databases or select a recognized business publication such as Forbes, Business Week, Harvard Business Review, Entrepreneur, and so forth. Select an article addressing the use of generic strategies in achieving competitive advantage; how to select an effective "line of business"; "grand" (operational) strategy; the concept and use of the "Blue Ocean" strategy; or another topic that relates to these ideas and this week's Learning Objectives. For example, you could explore topics such as strategic group mapping; evaluating the use of various competitive strategies; the connection between generic and "grand" or "line-of-business" strategies; etc.
Following APA style and formatting guidelines, summarize the article into approximately 300 words (do NOT copy the article), and explain the knowledge you gained from it. Post to Discussion 2. Include a link to the original article so your colleagues can read it.
To earn full points, full engagement in this discussion requires an initial post and active substantive responses with colleagues over a minimum of three days and preferably every day.
Required Resources
Readings
• Thompson, A. A. (2014-2015). Strategy: Core concepts and analytical approaches(3rd ed.) [BSG electronic edition]. Burr Ridge, IL: McGraw-Hill Education.
o Chapter 5, "The Five Generic Competitive Strategy Options: Which One to Employ?" (pp. 90-109)
o Chapter 6, "Supplementing the Chosen Competitive Strategy-Other Important Strategy Choices" (pp. 110-130)
Business Strategy Game (BSG) Simulation website:
• Thompson, A. A., Jr., Reidenback, M. A., Stappenbeck, G. J., Harms, C. C., & Thrasher, I. F. (2014). The Business Strategy Game: Competing in a global marketplace. Retrieved from https://www.bsg-online.com/
Visit this website to read Chapters 5 and 6 of the course e-book and to continue your progress in the Business Strategy Game (BSG). This simulation provides opportunities for you to make some of the difficult decisions often encountered by managers as they seek to execute the strategy that has been established by senior executives who are responsible to the shareholders.
Media
• Minh, T. Q. (2013a). Michael Porter on competitive strategy, Part 1 [Harvard Business School series] [Video file]. Retrieved from https://youtu.be/c4ZBVp8-9gA
• Minh, T. Q. (2013b). Michael Porter on competitive strategy, Part 2 [Harvard Business School series] [Video file]. Retrieved from https://youtu.be/znzCtevIRLQ
Business compensate for wild swings
: The business cycle is the regular pattern of upturns and relative downturns in output and demand within an economy. As it relates to orders demand - Please describe how a business compensate for these wild swings.
|
Discuss challenges you would face in running a business
: Discuss the major challenges you would face in running such a business and how you would expect to overcome them. Provide specific examples to support your response.
|
Analyze the uses of the various grand or line-of business
: How is the concept(s) used in your current or past place of employment and/or career? Analyze the uses of the various "grand" or "line-of business" strategies in achieving competitive advantage.
|
How this physical ailment could translate differently
: How this physical ailment could translate differently across gender,The vital role of the sleep cycle and the importance of physical activity in adolescents,How the void of adapting healthy practices could prove to have catastrophic consequences in a..
|
Evaluate the use of various competitive strategies
: For example, you could explore topics such as strategic group mapping; evaluating the use of various competitive strategies; the connection between generic and "grand" or "line-of-business" strategies; etc.
|
Identify the central ethical issue present in the case
: Identify the central ethical issue present in the case. What is the main ethical problem the decision-maker must resolve? Also identify as many other ethical issues, questions, or problems as you can find in the scenario. Distinguish the central..
|
How do these different theories compare
: PSY 638: Identify the factors that contribute to the prevalence of the problem according to these theories.How do these different theories compare? What are their contrasting opinions in regard to prevalence and diagnosis of your identified problem..
|
Run the binary search method on a set of unordered data
: Run both methods, searching for the same number, say 734, with each method. Compare the values of compCount after running both methods. What is the value of compCount for each method? Which method makes the fewest comparisons?
|
Will the parties involved be satisfied with the outcome
: Evaluate the outcome of proposed strategies for conflict resolution. Will the parties involved be satisfied with the outcome? Discuss how this conflict was resolved. Describe the strategies that were used to resolve the conflict.
|