Explain the difference between policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? What factors shape an organization's external competitiveness?
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Explain the difference between policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? What factors shape an organization's external competitiveness?
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- How can organizations develop comprehensive long-term strategic plans that effectively align with their mission, vision, and values while considering external environmental factors and internal capabilities?What kinds of changes in the competitive environment occur when an industry begins to mature? Identify three strategic approaches that are well-suited for this type of industry environment.Explain what a company's highest priority should be when creating a competitive advantage? What is an example of a competitive advantage that created by using information technology? In your opinion, what are the ethical consideration when using technology to create a competitive advantage?
- In examining the competitive dynamics within an industry, we discussed the need to first ascertain “the extent to which a company is a strong competitor” and the three (3) drivers of competitive behaviour. You are required to explain the two elements or basis used to determine the extent of competition from another company in the same industry and further explain the three (3)) drivers of competitive behaviour.Business Strategy is about managing uncertainty, opportunity, and enterprise. How does a firm evaluate its industry competitiveness in which it operates?Identify the six forces that shape competition in an industry. Describe how changes in the strength of these forces affect prices, profitability, and under which circumstances each can be considered a threat or opportunity. Why is a competitive analysis using the competitive forces framework a benefit to industry?
- What are the six key questions that form the framework of thinking strategically about a company's industry and competitive environment?Business Strategy is about managing uncertainty, opportunity and enterprise. How does a firm evaluate its industry competitiveness in which it operates? DiscussWhy are some organizations facing difficulties to sustain competitive advantage?
- Describe why your company needs to diversify. What problem will diversifying the company solve? What kinds of quantitative and qualitative data will you target in your research on the current auto industry and the new industry?Can a firm achieve a competitive advantage and, thereby, strategic competitiveness without acting ethically? Explain.Why do you think competition in business matters? Explain your answer.