Topic: Creating Competitive Advantage
Consider the following questions when creating your written assignment:
- Are you familiar with some businesses that created advantages in the marketplace that were very temporary?
- Are companies you are familiar with or work at comprised of Vikings or farmers? Would your answer vary over time?
- Do you know of any managers or executives who have exhibited ambidextrous behaviors? How?
- What are some other examples of “unrealized” or emergent strategies?
Answer the following questions in a word document in MLA format: General Format // Purdue Writing Lab (Links to an external site.) Cover Page -5 points
- How is “strategic management” defined in the text, and what are its four key attributes? -10 points
- Explain the concept of “stakeholder management.” Why shouldn’t managers be solely interested in stockholder management, that is, maximizing the returns for owners of the firm—its shareholders? -10 points
- Why do firms need to have a greater strategic management perspective and empowerment in the strategic management process throughout the organization? -10 points