Explain the concept of strategy

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Reference no: EM132099366

For Discussion , choose one of the following three discussion topics. Your post should be 250-300 words and APA formatted.

1. Explain the concept of "strategy" and the connection between strategic planning and competitive advantage.

2. Explain the concept of a "business model" and why a company's business model is important.

3. Explain why a company's strategy needs to pass ethical scrutiny.

These resources or other relevant references to be used/cited in response:

· Thompson, A. A. (2014-2015). Strategy: Core concepts and analytical approaches(3rd ed.) [BSG electronic edition]. Burr Ridge, IL: McGraw-Hill Education.

Chapter 1, "What Is Strategy and Why Is It Important?" (pp. 1-11)

Chapter 2, " Charting a Company's Long-Term Direction: Vision, Mission, Objectives, and Strategy" (pp. 12-31)

· Overbaugh, R.C.,& Schultz, L. (n.d) Bloom's Taxonomy.

Reference no: EM132099366

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