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Gaining and maintaining competitive advantage

Assignment Help Business Management
Reference no: EM133215827

SUBJECT: STRATEGIC MANAGEMENT

INSTRUCTIONS: Answer the following questions below with NO PLAGIAR. Do NOT give too short answers nor too long answers. 

  1. Dale McConkey says, "plans are less important than planning." In terms of strategic management and its benefits, what does McConkey mean?
  2. Strategic management is all about gaining and maintaining competitive advantage. Explain whether you agree or disagree with the help of examples (at least 3 examples).
  3. Explain how and why firms use social networks these days to gain a competitive advantage.
  4. Are there any compelling reasons why the external audit, and internal audit, should not be conducted simultaneously? Explain.
  5. Strengths and weaknesses should be determined relative to competitors, or by elements of being, or relative to a firm's own objectives. Explain.

Reference no: EM133215827

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