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Explain how an organization can create a competitive
advantage at the corporate strategy level and at the
business-unit strategy level
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- Give an example for why a firm would pursue each of the three grand strategies.Discuss, How can organizations effectively manage conflicting objectives and interests during the strategic planning process?Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.
- In what areas do the industry characteristics influence the managementpractices in H&T organizations? In what situations can strategic management help H&T organizations?How do managers develop strategic plans, and what factors do they consider when evaluating the external and internal environment of the organization? Discuss the key components of a strategic plan, and describe the potential benefits and drawbacks of different strategic planning approaches.List the main generic types of corporate strategies and competitive strategies. give examples