How firms develop and maintain a competitive advantage

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Question: "Essentials of Strategic Management: The Quest for Competitive Advantage" and participated in a Strategic Management Simulation. You probably NOW realize the complexities of diagnosing business leadership situations from a strategic standpoint. Hopefully, also, you better understand the framework and tools to help you understand and analyze how firms develop and maintain a competitive advantage.

Nevertheless, in 3 or 4 paragraphs, summarize your thoughts and impressions on why you think it is difficult to deal with strategic business challenges in a rapidly changing competitive environment. Take into consideration the development of and understanding of the fundamental concepts in strategic management: the role of the general manager, the levels and components of strategy, competitive analysis, organizational evolution, and change. Please use some of your newly gained understanding of this course to explain.

Reference no: EM133433169

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