Reference no: EM133041047
Part A: Strategic Management
Describe the strategy and the strategic management process.
Define competitive advantage and describe the two approaches used to estimate a firm's competitive advantages.
Explain why it is important to understand a firm's strategy.
Part B: External Analysis
Describe an external analysis.
Analyze the two levels of the environment.
Identify and define the three elements of the S-C-P model.
Part C: Internal Analysis
Describe an internal analysis.
Explain resources and capabilities.
Describe the VRIO framework.
Part D: Cost Leadership
Differentiate between business strategies and corporate strategies and define the nature of a cost-leadership strategy.
Identify six sources of cost advantages for firms.
Identify the most appropriate organizational structure for a firm pursuing a cost-leadership strategy.