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Strategic management-external analysis

Assignment Help Business Management
Reference no: EM133037641

Part A: Strategic Management

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

Part B: External Analysis

  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.

Part C: Internal Analysis

  1. Describe an internal analysis.
  2. Explain resources and capabilities.
  3. Describe the VRIO framework.

Part D: Cost Leadership

  1. Differentiate between business strategies and corporate strategies and define the nature of a cost-leadership strategy.
  2. Identify six sources of cost advantages for firms.
  3. Identify the most appropriate organizational structure for a firm pursuing a cost-leadership strategy.

Reference no: EM133037641

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